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Closely Held Asset Manager

Chicago, Illinois;

Job Description:

The Investment Solutions Group (ISG) provides investment solutions, trading capabilities, fiduciary execution, advisor and client support for all Bank of America’s wealth channels including Merrill Lynch Wealth Management, BofA Private Bank and Merrill Edge. ISG serves around three and a half million clients and eighteen thousand advisors across these channels. The vision of ISG is to deliver industry leading investment offering and platforms that support wide range of client segments’ needs leading to exceptional client outcomes. ISG offers a wide breath and depth across investment solutions, trading and fiduciary execution including traditional investments, alternative investments, personal retirement solutions, impact solutions.

Job Description:

Private Business Group seeks to fill a Closely Held Asset Manager/Specialty Asset Manager position, focused on the management of closely held assets held in fiduciary accounts.  This entails reviewing the performance, value and risks of such holdings.  The candidate will be working with assigned assets and be responsible for review of financial statements, perform equity analysis of value of privately held companies.   Candidate will also review the work of colleagues and assist department leadership in coaching other associates.

Job requirements

  • Candidate must have a bachelors degree in a finance related field. 
  • Must have a minimum of 5 years directly related experience.
  • Must have a strong understanding of business valuation and a demonstrated ability to review valuation work product and determine its credibility.
  • Demonstrated history in managing closely held assets with an understanding of the fiduciary and economic impacts of investment decisions. 
  • Senior accredited business valuation certification strongly preferred.  ASA or ABV designation strongly preferred.


1st shift (United States of America)

Hours Per Week: 


Learn more about this role

Full time


Manages People: No

Travel: Yes, 10% of the time