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Wealth Strategist Advisor-Los Angeles

Bank of America | Los Angeles CA 90067 USA | Part Time | Posted: 07/12/2019

Job Descriptiontop

Job Description:

Business Overview:

U.S. Trust, Bank of America Private Wealth Management is a leading private wealth management organization providing vast resources and customized solutions to help meet clients' wealth structuring, investment management, banking and credit needs. Clients are served by teams of experienced advisors offering a range of financial products and services, including investment management, financial and succession planning, philanthropic and specialty asset management, family office services, custom credit solutions, financial administration and family trust stewardship.

U.S. Trust is part of the Global Wealth and Investment Management unit of Bank of America, N.A., which is a global leader in wealth management, private banking and retail brokerage. U.S. Trust employs more than 4,100 professionals and maintains 135 offices in 33 states.

Job Description:

A Wealth Strategist assists a client with estate and financial planning by performing a variety of analyses, creating specific recommendations for the client based on those analyses and integrating those recommendations into a holistic plan designed to achieve the client’s goals. In addition, the Wealth Strategist plays a key role in driving increased revenues by partnering with Private Client Advisors/Private Client Managers/Trust Officers/Portfolio Managers on client/prospect calls, and with regional and market leadership to develop client-focused initiatives.

• Oversees the planning engagement from start to finish, including cash flow, gift and estate tax planning, wealth transfer and intergenerational planning and tax consulting Incorporates a wide range of topics in analyses, such as investment portfolio, insurance, tax situation, retirement plans, philanthropic goals and executive compensation arrangements, as appropriate
• Delegates effectively to Associate Wealth Strategists and Wealth Strategies Analysts
• Gathers data, runs analyses and develops solutions based on analyses
• Assists in developing and executing marketing and sales efforts, including speaking at seminars and writing articles for publication
• Proactively assists the Regional Presidents and Market Executives in meeting their goals
• Participates actively in developing new WPS capabilities, such as white papers and software tools
• Keeps current with major developments in estate and financial planning
• Mentors and/or supervises Associate Wealth Strategists and Wealth Strategy Analysts

Qualifications:

• Gain client's respect and trust by listening to the client's goals and then building an effective and creative strategy for achieving those goals.

Advanced understanding of a wide range of subject matters including income taxation, stock options, insurance, investments and cash flow modeling.
• Advanced understanding of the transfer tax system and core tax savings strategies such as annual gifts and GST trusts. Advanced understanding of charitable and non-charitable split interest trusts (CRTs, CLTS, GRATs, QPRTs).
• Expand existing client relationships, assist advisors in new sales, and represent the firm in the marketplace.
• Word, Excel and PowerPoint. Various WMC stochastic models. WealthMaster.
• Delegate effectively to Associate Strategists and Analysts. Occasionally work on WMC-wide issues
• Minimum eight years of planning-related work experience required
• JD or CPA required
• MST, MBA (or progress thereto) a plus

Shift:

1st shift (United States of America)

Hours Per Week:

40

Job Detailstop

Location Los Angeles, CA, 90067, United States
Categories Unspecified

Location Maptop

Contact Informationtop

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Job Code 18043603
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