Retirement Planning – maintain a comprehensive retirement projection for clients through wealth outlook.
Cash Flow –assist clients in creating a spending plan or budget. This information may also be incorporated in other financial planning analysis that is performed.
Asset Allocation – working with the Analyst-Investments, assist with evaluation of risk/return analysis in portfolio construction that is based on the client’s risk tolerance and their financial objectives.
Asset Summaries – resource to complete asset summaries for estate planning meetings.
ROTH conversions – assist with Roth conversion analysis, documents, and processing.
Education Funding– understand the financial planning tools to create projections for education funding. Also understand the nuances of taxation for UGMA/UTMA accounts, ESAs, and 529 Plans.
Tasking/Follow-Up – you will be responsible for tasking all workflow for your segment, and double checking your segment
Deposits/Cash Balances – review list, monitor receipts and inform advisor in your segment.
Debit Balances – Monitor all debit balances and work with advisor and CA to cover these balances to minimize margin interest charged. Document conversations for all debit balances where clients wish to maintain this liability. Bring to the attention of senior staff members any problems that you cannot resolve on your own.
Quarterlies for all Segmented Clients – (If in your Tier and segment) you are to follow our quarterly tracking list for both quarterly and semiannual reporting. These reports should be provided to clients no later than 45 days after the end of the quarter.
Client Communications – you will be responsible for assisting with client communications for your segment.
Meeting Prep for Segmented Clients – Complete Meeting Agenda document. Proactively check whether the client has any insurance or annuity holdings and include for meeting prep. Provide CRRs, check for beneficiaries, and note recommendations or action items. All meeting prep should be given to the person holding the meeting or call at least 24 hours before hand.
Tax work – Compile tax summaries for clients. Sort them into groups based on unrealized gain amounts. When needed, be resource in processing tax loss sales as instructed.
Analysis of outside investments (For Internal Use only)– oversee the analysis of new and existing client investments that are held outside. Summarize analysis for review and where applicable, summarize conclusions as compared to our offerings.
Strategy communication/ Strategy letters/Strategy summary charts/Strategy Implementation (Clients in your Segment) – directly communicate investment strategies and recommendations to existing clients via method instructed (email/letter/memo). Ensure that outside professionals and individuals are copied on this correspondence as needed. Oversee accurate implementation of investment strategies for new and existing clients.
New Client Tasking and Distribution of Documents – when a new client submits their documents, task new accounts, task transfers, task investment enrollments, enter recurring review(s), send a CRR to new client with an offer to review with them to make sure they understand their investment strategy.
Estate Planning (If applicable for your segment) assist in creation of comprehensive flow chart. This will include assisting and gathering trust documents, insurance information, gift tax returns, and any other applicable estate documentation. Confirm that trust accounts are properly titled, trustee information is accurate, and tax-id numbers are correct.
Insurance/Annuities- Obtain quotes of new insurance business, submitting applications to begin underwriting process, tracking underwriting process, pushing through to close business
CDs- Contact clients on CDs maturing within your client segment. Determine the cash management solutions in cooperation with client.
Retail lending (Mortgages, LMA) –, assist with LMA evaluations and strategies and request that CA send out necessary documents.
Variances – identify and clear variance within your client segment. Work with FA when necessary.
Personal Development- Attend Merrill led and team trainings. Review Merrill email correspondence. Continue to grow your financial planning, investment, and Merrill applications skillset.
Risk Management: you are responsible for following the Firm’s policies and protocols as it relates to your administrative functions. You are also responsible for bringing to the attention of senior staff members should you be concerned about any interactions with clients
The Analyst (Registered) is a fully paid or firm paid (exception only), salaried, exempt position on the Financial Advisor Team to further develop and service their client base. The Analyst is responsible for implementing and executing the Optimal Practice Model (OPM) in their specific functional role (i.e. Business Development, Business Management, Relationship Management or Investments). Specific accountabilities for the role may vary depending on the team’s practice. Performance is measured by the FA or FA team, along with OMT, through specific goals, metrics, and behavior related to the execution of the OPM function. The Analyst (Non Registered) is a non-exempt position for a non -licensed hire lacking a license and/or designation, until fully licensed and designation achieved. The Analyst (Registered) is a non-exempt position for licensed employees that are in progress of completing their designation in 12-months.
Analyst - Business Development (Exempt)
Analyst - Business Management (Exempt)
Analyst - Relationship Management (Exempt)
Analyst - Investments (Exempt)
Analyst - Investments (Exempt)
Private Wealth Analyst - Business Development (Exempt)
Private Wealth Analyst - Business Management (Exempt)
Private Wealth Analyst - Relationship Management (Exempt)
Private Wealth Analyst - Investments (Exempt)
Shift:1st shift (United States of America)
Hours Per Week:40
Learn more about this role