- Succession Planning
- Administrative Experience
- Microsoft Powerpoint
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.
An Associate Wealth Strategist in Wealth Strategy (WS) answers a client’s estate and financial planning questions by performing a variety of analyses and then creating specific recommendations for the client based on those analyses. In most cases, the Associate Wealth Strategist will assist a Wealth Strategist.
Work with a Wealth Strategist to gather data, analyze data and develop recommendations
Manage a client engagement from start to finish without assistance from a Wealth Strategist
Gather financial data from a variety of sources (Customers, Private Client Advisors - PCAs, Private Client Managers - PCMs, Portfolio Managers - PMs, etc.)
Review, analyze and flowchart estate planning instruments
Prepare and analyze balance sheets, financial projections and transfer tax illustrations
Create final version of client letter
Research issues related to estate and financial planning including: effectiveness of estate tax savings strategies, charitable planning, retirement planning and investment issues
Assist in developing and executing marketing and sales efforts, including speaking at seminars and writing articles for publication
Mentor and/or supervise Wealth Strategy Analyst(s)
Areas of Competency
Client Skills: Determine client’s goals and objectives by asking the appropriate questions. Match planning strategies to the client’s circumstances. Explain the Wealth Strategies output to internal and external clients. Help clients understand their planning options. Work with clients without any supervision.
Financial Planning Skills: Basic understanding of a wide range of subject matters including income taxation, stock options, insurance, investments and cash flow modeling. Advanced understanding of one or more of the preceding subject matters.
Estate Planning Skills: Advanced understanding of the transfer tax system and core tax savings strategies such as annual gifts and GST trusts. Intermediate understanding of charitable and non-charitable split interest trusts (CRTs, CLTs, GRATs, QPRTs).
Software Skills: Word, Excel and PowerPoint. Various WPS stochastic models.
Administrative Skills: Delegate effectively to Wealth Strategy Analysts.
Minimum of 3-5 years of planning-related work experience plus JD, CPA, CFA or CFP required;
Minimum six years planning-related work experience plus enrollment in any of the aforementioned degree/certification programs
MST, MBA, LLM in Taxation, etc. (or progress thereto) a plus
1st shift (United States of America)
Hours Per Week: