Wealth Strategies Advisor

Job Description

This role serves as a specialized resource for Advisor teams who are interested in wealth planning services to address high- and ultra-high net-worth clients' trust, estate/wealth transfer, and financial planning needs.

• Leads the wealth-planning engagement process with clients from start to finish.
• Works with Wealth Strategy Specialists and/or Wealth Strategy Analysts to gather information, run analyses, and develop planning solutions based on these analyses.
• Develops holistic, integrated planning strategies for clients with a focus on how Bank of America can help implement those strategies in concert with the clients’ advisors where appropriate.
• Expands existing client relationships and assists Advisors in new business opportunities with high- or ultra-high net-worth clients and prospects who are interested in wealth planning.
• Demonstrates advanced technical knowledge across a broad range of wealth-planning topics such as trust and estate planning, income and wealth transfer tax planning, investments, retirement planning and cash flow modelling, sale of business entities, and philanthropic planning.
• Stays up-to-date with major developments in trust, estate/wealth transfer and financial planning, while following current and proposed tax legislation and understanding the impact on clients.
• Builds a network with local centers of influence to create a business referral network of clients who would benefit from the bank's services.

Up to 10% travel expected.

• Ability to gain client's respect and trust by listening to the client's goals and then building an effective and creative strategy for achieving those goals.
• Advanced understanding of a wide range of subject matters including income taxation, stock options, insurance, investments and cash flow modelling, business entities and business transitions.
• Advanced understanding of the transfer tax system and core tax-savings strategies such as irrevocable trusts, SIDGTs, and GST trusts.
• Advanced understanding of charitable and non-charitable split-interest trusts (CRTs, CLTS, GRATs, QPRTs).Desired Qualifications
  • Minimum 7 years of planning-related work experience desired.
  • JD, CPA, or CFP desired.
  • LLM, MST, MBA (or in progress) a plus.
  Skills
  • Critical thinking
  • Oral communications
  • Presentation skills
  • Wealth planning written communications
  • Active listening
  • Business development
  • Collaboration
  • Customer and client focus
  • Networking
  • Issue management
  • Prioritization
  Minimum Education Requirement
  • High School Diploma / GED / Secondary School or equivalent.
  Work Arrangement
  • Shift: 1st shift (United States of America)
  • Hours per week: 40

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