Executive Wealth Strategist

Job Description:

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day.

One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We're devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.

Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.

• Leads the wealth planning engagement process with clients from start to finish
• Works with Wealth Strategy Specialists and/or Wealth Strategy Analysts to gather information, run analyses, and develop planning solutions based on these analyses
• Develops holistic, integrated planning strategies for clients with a focus on how Bank of America can help implement those strategies in concert with the clients' advisors where appropriate
• Expands existing client relationships and assists Advisors in new business opportunities with high- or ultra-high net worth clients and prospects who are interested in wealth planning
• Demonstrates advanced technical knowledge across a broad range of wealth planning topics such as trust and estate planning, income and wealth transfer tax planning, investments, retirement planning and cash flow modeling, sale of business entities, and philanthropic planning
• Stays up-to-date with major developments in trust, estate/wealth transfer and financial planning, while following current and proposed tax legislation and understanding the impact on clients
• Builds a network with local centers of influence to create a business referral network of clients who would benefit from the bank's services Responsible for gathering information about company benefits, equity plans, and retirement plans and educating the advisor teams about each corporate client's plans.
• Conducts interviews with eligible executives to understand their financial profile, goals, and priorities to match them with a suitable advisor team to deliver wealth management solutions Complements the company annual enrollment by providing education to eligible participants about maximizing the impact of the company provided benefits
• Provides high level guidance on tax implications of benefits participation and the consequences of equity compensation plans
• Assists in developing and executing marketing and sales efforts, including speaking at seminars and authoring articles for publication Assists in developing and executing marketing and sales efforts, including speaking at seminars and authoring articles for publication
• Understands the enterprise offerings across Financial Life Benefits to make appropriate introductions for expanded corporate offerings if warranted

• Minimum 10 years of planning-related work experience
• 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, equity compensation, elective deferred compensation plans, insurance, investments and cash flow modeling, and broad executive compensation topics.
• Advanced understanding of the transfer tax system and core tax savings strategies such as irrevocable trusts, SIDGTs, 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 Wealth Strategy stochastic models and planning software such as WealthMaster.