Merrill Advisor Development Program – Financial Advisor

Job Description

Merrill Advisor Development Program – Financial Advisor: Paramus & Associates Market | Bank of America

The Tone:
This is a full-time role at Bank of America, located in Paramus, NJ. Merrill Wealth Management, a leading provider of comprehensive wealth management, focuses on goals-based financial planning for individuals, companies, and institutions. As part of the Advisor Development Program, this position is key to helping individuals transition into Financial Advisor careers, enabling them to guide clients towards their life goals through personalized advice, investment insights, and banking convenience. The company supports an in-office culture designed to foster collaboration, engagement, and career development.

The TL;DR
• Role: Early Career
• Type: Full-time
• Location: In-person Paramus, NJ

• Team: Collaborates with and is mentored by Merrill Financial Advisor Teams.
• Mission: Develops relationships, identifies client needs, and delivers comprehensive financial recommendations to help high-net worth individuals achieve their goals.
• Tech Stack: Salesforce, Microsoft Word, PowerPoint, Excel

What You’ll Actually Do
• Business Growth: Develop a book of business to meet and exceed established performance hurdles.
• Client Acquisition: Effectively prioritize sourcing prospective clients, capitalizing on referrals, assessing customer needs, and executing customized solutions.
• Financial Advising: Recommend investment products and services suitable for prospects and clients based on their objectives, resources, time horizon, and risk profile.
• Practice Management: Balance investment growth, referral activities, customer follow-up, prospect building, administrative compliance, and personal growth.
• Professional Development: Complete mandated training, assessments, performance goals, and continuing education requirements.

The Must-Haves
• Background: Entry-Level. Requires in-depth knowledge of investment products and services and understanding of a consultative approach to client needs.
• Experience: Minimum one year in the financial service industry or a sales environment with demonstrated goal achievement. Minimum one year in the investments industry with investment training. Currently holds Series 7 & 66 (or 63 & 65) licenses.
• Skills: Business Acumen, Business Development, Oral Communications, Prospecting, Wealth Planning.
• Bonus: Bachelor’s degree, ability to learn and adapt to new technology, and capability to execute multiple tasks simultaneously.