Wealth Management Specialist - NR

Merrill

4

(5)

Chicago, IL

Why you should apply for a job to Merrill:

  • 4/5 in overall job satisfaction
  • 4.6/5 in supportive management
  • 80% say women are treated fairly and equally to men
  • 80% would recommend this company to other women
  • 60% say the CEO supports gender diversity
  • Ratings are based on anonymous reviews by Fairygodboss members.
  • After working one year, employees can take up to 16 weeks of paid maternity, paternity, and adoption leave.
  • Life Event Services team provides resources and benefits for life events like retirement; loss of a loved one; or gender transition.
  • Employee Financial Services offers U.S. employees financial education and special access to financial products, services and expertise.
  • #JR-24004232

    Position summary

    specific goals, metrics and behavior's related to the execution of the EGP model. This position is subject to SAFE Act registration requirements

    The Elite Growth Practice (EGP) Investment Management position may be filled at a Trainee, Specialist or Senior level depending on experience of the candidate and needs of the Financial Advisor Team. The Trainee is a non-exempt position for a hire lacking required security licenses and/or designation. This position allows the individual to become fully licensed and achieve the appropriate designations required for the position. If Series 7 and 66 (or 63 & 65) licenses and approved designation are not currently held, must be obtained within a specified timeframe to be eligible for Specialist position.

    The Investment Management Specialist is responsible for supporting the Financial Advisor(s) and/or Advisor Team(s) overall investment management philosophy through executing on portfolio analysis and sharing expertise in a wide range of investment product areas. Ensure risk profiles, goals, objectives and asset allocations are aligned and reflected properly for each client. Deliver full range of investment products and services across the enterprise ensuring alignment to client goals and strategies while leveraging specialists and applicable investment management tools where appropriate. Partner with internal specialists to deliver holistic investment solutions by identifying targeted investment strategies. Assist in the preparation of client performance review reports to measure progress to goals.

    Role Responsibilities

    • Analyze and understand Merrill and third party research

    • Monitor and respond to market and non-financial current events

    • Effectively navigate proprietary planning and investment management tools

    • Deliver investment management, including but not limited to investment proposal, CRC, etc.

    • Monitor and analyze book pricing internally for FA team

    • Convey pricing to ensure client's understanding of the value of advice and accompanying solutions

    • Deep understanding of the CIO philosophy & ongoing monitoring of strategy changes based on current market environment

    • Monitor and manage client portfolios to align with client goals, objectives, risk tolerance and time horizons

    • Research portfolio recommendations for Investment Committee review

    • Prepare materials and coordinate weekly Investment Committee meetings

    • Proactively review and manage team proprietary models to align with the Investment Committee decisions

    • Manage ML One variances/enrollments/updates/withdrawals/terminations

    • Serve as Primary/Lead Team Member for processing PIA trades in Portfolio

    • Processing of all trades (discretionary or non-discretionary)

    • Create analytical reports for FAs to review client investment portfolio performances against market returns

    • Propose client recommendations/changes based on client goals, risk tolerance, time horizon and objectives

    Qualifications

    • Series 7, 63/65 or 66 or equivalent; must obtain all state registrations in support of Financial Advisor(s) and Advisor Team(s) If Series 7, 63/65 or 66 or equivalent are not currently held, must be obtained within a specified timeframe to be eligible for Specialist position.

    • SAFE ACT Registration

    • Individuals in this role are required to maintain a Form ADV -2B, which provides clients details on individuals experience and educational background, along with other requirements governed by the U.S. Securities and Exchange Commission ("SEC")

    • Obtain and/or maintain at least one firm approved designation

    • Possess and demonstrate strong communication skills

    • Thorough knowledge and understanding of the suite of Wealth Management products and services

    • Strong analytical and portfolio management skills with the ability to identify trends and implement investment strategies to increase growth and mitigate risk

    • Ability to make sound decisions by having a deep understanding of investment management best practices and policies/procedures

    • Ability to identify client needs and concerns, and articulate appropriate approach to align solutions to goals in a suitable and controlled way

    Shift:
    1st shift (United States of America)

    Hours Per Week:
    37.5

    Why you should apply for a job to Merrill:

  • 4/5 in overall job satisfaction
  • 4.6/5 in supportive management
  • 80% say women are treated fairly and equally to men
  • 80% would recommend this company to other women
  • 60% say the CEO supports gender diversity
  • Ratings are based on anonymous reviews by Fairygodboss members.
  • After working one year, employees can take up to 16 weeks of paid maternity, paternity, and adoption leave.
  • Life Event Services team provides resources and benefits for life events like retirement; loss of a loved one; or gender transition.
  • Employee Financial Services offers U.S. employees financial education and special access to financial products, services and expertise.