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Bank of America Wealth Management Specialist - Investment Management Specialist in San Antonio, Texas

Wealth Management Specialist - Investment Management Specialist

San Antonio, Texas

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.

The Elite Growth Practice (EGP) Investment Management Specialist role is a position on the Financial Advisor Team which operates in a capacity to further develop and service the client base. They are responsible for implementing and executing the Elite Growth Practice Model (EGP) in their specific functional role. Specific accountabilities for the role may vary depending on the teamspractice. Performance is measured through 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 Specialist position may be filled at a Trainee or Specialist 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 ManagementSpecialistis responsible for supporting the Financial Advisor(s) and/or AdvisorTeam(s)overallinvestmentmanagement 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 reflectedproperlyfor each client. Deliver full range of investment products andservicesacross the enterprise ensuringalignmentto client goals and strategies while leveraging specialists and applicable investment managementtoolswhere appropriate. Partner withinternalspecialists todeliverholistic investment solutions by identifying targeted investment strategies. Assist in the preparation ofclient performance review reportsto measureprogressto goals.

Role Responsibilities

•Analyze and understand Merrill and third partyresearch

•Monitor and respond to market and non-financial currentevents

•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 adviceandaccompanyingsolutions

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

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

•Research portfolio recommendations for Investment Committeereview

•Prepare materials and coordinate weekly InvestmentCommitteemeetings

•Proactively review and manage team proprietary models to align with the InvestmentCommitteedecisions

•Manage ML Onevariances/enrollments/updates/withdrawals/terminations

•Serveas Primary/LeadTeamMember forprocessing PIA trades in Portfolio

•Processing of all trades (discretionary ornon-discretionary)

•Create analytical reports forFAstoreviewclient investment portfolio performancesagainstmarketreturns

•Propose client recommendations/changes based on client goals, risk tolerance, timehorizonandobjectives


•Series7, 63/65 or 66 or equivalent; mustobtainall state registrations in support of Financial Advisor(s) and AdvisorTeam(s) If Series7, 63/65 or 66 or equivalentare not currently held, must be obtained within a specified timeframe to be eligible for Specialist position.

•SAFEACT Registration; ADV-2BRequired

•Obtainand/or maintain at least one firm approved designation

•Possessand demonstrate strong communicationskills

•Thorough knowledge and understanding of thesuiteof Wealth Management products andservices

•Stronganalytical andportfoliomanagement skills with the ability to identify trends and implementinvestmentstrategies to increase growth andmitigate risk

•Ability to make sound decisions by having a deep understanding of investment managementbestpractices andpolicies/procedures

•Ability to identify client needs and concerns, and articulate appropriate approach to align solutions to goals in asuitableandcontrolledway

Please be advised that under current company policy, Merrill Lynch does not sponsor a visa petition or other work authorization, nor will the company provide relocation assistance, for this position.


1st shift (United States of America)

Hours Per Week:


Learn more about this role

Full time


Manages People: No

Travel: No


Talent Acquisition Contact:

Referral Bonus:

Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity and affirmative action, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates.

To view the "EEO is the Law" poster, CLICK HERE ( .

To view the "EEO is the Law" Supplement, CLICK HERE ( .

Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. Our Drug-Free Workplace and Alcohol Policy (“Policy”) establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment.

To view Bank of America’s Drug-free workplace and alcohol policy, CLICK HERE .