Brokerage Services Financial Advisor

Job Description:

Merrill Lynch Wealth Management is a leading provider of comprehensive wealth management and investment products and services for individuals, companies, and institutions. Merrill Lynch wealth management is one of the largest businesses of its kind in the world specializing in goals-based wealth management, including planning for retirement, education, legacy, and other life goals through investment advice and guidance.

Merrill Lynch’s financial advisors help clients pursue the life they envision through a one-on-one relationship with an advisor committed to their needs.  We believe trust comes from transparency.  Our trusted financial advisors are equipped with access to the investment insights of Merrill Lynch coupled with the banking convenience of Bank of America.

The Merrill Advisory Group (MAG) Financial Advisor (FA) is a fully licensed, non-commission based, retail broker position that operates as part of a centralized coverage team that provides dedicated brokerage services to UHNW Private Bank clients.  Initial client/prospect engagement and introduction is initiated by the Private Bank and referred to the MAG Team for partnership to provide investment advice and recommendations to clients that includes full securities execution support and brokerage account servicing.  The team is looking to add a full-time FA to join the team on the West Coast to partner with Private Bank teams to offer our Merrill brokerage capabilities.

Role Specifics:
A centralized brokerage team to provide dedicated brokerage services to Private Bank clients who don't have or require a relationship with a local FA team. The Financial Advisor (FA) is a licensed retail broker position that provides investment advice and recommendations to clients. Profiling activities to determine a client investor profile, financial resources objectives, time horizon and preferences. Providing advice and guidance to clients on investment and related planning strategies. Recommendation of investment products and services that are suitable for prospects and clients based on their objectives, resources, time horizon, risk profile, and preferences. Financial Advisors may engage in some mortgage related activities, but others are not permitted unless they are dually employed by MLPF&S and the Bank of America, NA. The requirements for dual employment and the permissible and non-permissible activities are described in Mortgage and Credit Policy in the Merrill Lynch Global Wealth and Investment Branch Office Compliance Manual.

This position is subject to SAFE Act registration requirements. Pursuant to the SAFE Act requirements, all employees engaged in residential loan mortgage originations must register with the federal registry system and remain in good standing. Since this position requires SAFE Act registration, employees are required to register and to submit to the required SAFE Act background check and registration process. Failure to obtain and/or maintain SAFE Act registration may result in disciplinary action up to and including termination.

The following laws or regulations restrict or prohibit the hiring of individuals with certain specified criminal history for the position: FDIC; FINRA

Responsibilities:

• Execution and recommendation of investment products, strategies and services that are suitable for clients based on their objectives, resources, time horizon, risk profile, and preferences;
• Providing advice and guidance to clients on investment and related planning strategies;
• Periodic analysis, review and adjustment of client portfolios to measure progress toward goals;
• Delivery of an appropriate level of service over the lifetime of the client relationship based on the needs and level of sophistication of the client situation;
• Effective use of consultative sales and presentation skills for client development as needed;
• Staying informed of industry and firm/enterprise product trends and issues;
• Completing mandated training and continuing education requirements as requested;
• Partnering with Private Bank portfolio manager, other Financial Advisors, Product Specialists and other subject matter expertise personnel as needed to deliver client solutions
• Strictly adhering to compliance and industry regulations; includes ongoing monitoring and suitability of products

Required Qualifications:

• Series 7 and 66 registrations are required. Additional licenses may also be required for this position dependent upon the state(s) in which the FA does business.
• Incumbents are required to complete certain continuing education requirements. 
• 5+ years experience managing a successful book of business
• Trading experience across multiple asset classes and implementing complex investment strategies a plus
• Excellent communication skills, both written and verbal; ability to convey complex strategies to UHNW clients
• Proven relationship building and business partnering skills
• Strong client service experience​
• FAs are also encouraged to continue their professional development in pursuit of acceptable external professional designations.

Key Skills:

• Client Investments Management
• Expertise in trading equities, fixed income, derivatives, and alternative assets as well as complex trading strategies
• Strong analytical and problem-solving abilities.
• Ability to thrive in a fast-paced, high-stakes environment.
• Client-focused with a deep understanding of UHNW individuals' investment needs.

Minimum Education Requirement: High School Diploma / GED / Secondary School or equivalent

Shift:

Hours Per Week: