The job below is no longer available.
You might also like
in Minneapolis, MN
Merrill Lynch Team Financial Advisor Program - Business Management - Minneapolis, MN - Full-time / Part-time
•30 days ago
Hours | Full-time, Part-time |
---|---|
Location | minneapolis, Minnesota |
About this job
The Team Financial Advisor (TFA) role is a specific functional role aligned to a Financial Advisor (FA) team for the purpose of concentrating on a targeted aspect of the Team's business. The primary focus of the TFA Business Management role is to ensure the FA team has a defined business plan along with team roles and responsibilities and to track to the goals in the plan. The TFA Business Manager will own, manage and track to the components of the team's client segmentation and pricing model. The TFA Business Manager will need to apply future industry trends and firm strategy to the team's practice.
Key Responsibilities
Understand all aspects of an optimal practice and complete the training and development needed to prepare for a successful career as a Financial Advisor
Ensure the team has a Business Plan in place that defines a clear vision for the practice along with goals and objectives, team roles and responsibilities and processes for all of the Optimal Practice Model Functional Roles
Hold regular practice meetings to drive accountability to business plan
Track and monitor progress to goals
Manage and fund an established budget for practice expenses
Monitor and manage team's business expenses
Ensure team is using client segmentation, pricing and profitability model
Leverage partners within the firm to drive the overall vision for the practice
Evaluate team practice using the SWOT Analysis
Create professional development plans for team members
May manage team "staff"(Investment Associates/Client Associates)
Establish and maintain relationships with the management team and inform them of any circumstances that require supervisory attention/review/approval per compliance guidelines and policies
Complete required training, obtain industry licenses (Series 7 & 66), master assessments, maintain continuing education requirements and meet minimum performance standards
Source prospective clients, capitalize on referrals and assess customer needs
Deliver highly customized solutions and through collaboration deliver the full resources of Bank of America Merrill Lynch
This position may be subject to SAFE Act registration requirements. Pursuant to the SAFE Act requirements, all employees engaged in residential loan mortgage originations must register with the federal registry system and remain in good standing. If your position requires SAFE Act registration, you will be required to register and to submit to the required SAFE Act background check and registration process. Failure to obtain and/or maintain SAFE Act registration may result in your immediate termination.
Qualifications:
Proven ability to influence, develop and motivate others
Proven ability to think strategically
Strong meeting facilitation skills
Proven ability to assess needs of clients and recommend appropriate solutions/interventions
Proven ability to work collaboratively on a team and with key partners
Proven ability to listen and probe for clarity and understanding
Ability to source clients through prospecting and networking
Ability to work in an environment where the majority of your compensation is tied to your performance
Goal and results oriented
Effective communication skills (written and verbal)
Strong follow-through skills Computer/technical literacy and proficiency in Microsoft Word, PowerPoint, Excel
Ideal candidate will have:
At minimum a Bachelors Degree
Masters of Business Administration Degree and/or equivalent business experience
Experience working in business management / leadership role
Proficiency in using SalesForce / Client Relationship Manager Tool
Budget management experience
Strong understanding of the Financial Advisor role
Key Responsibilities
Understand all aspects of an optimal practice and complete the training and development needed to prepare for a successful career as a Financial Advisor
Ensure the team has a Business Plan in place that defines a clear vision for the practice along with goals and objectives, team roles and responsibilities and processes for all of the Optimal Practice Model Functional Roles
Hold regular practice meetings to drive accountability to business plan
Track and monitor progress to goals
Manage and fund an established budget for practice expenses
Monitor and manage team's business expenses
Ensure team is using client segmentation, pricing and profitability model
Leverage partners within the firm to drive the overall vision for the practice
Evaluate team practice using the SWOT Analysis
Create professional development plans for team members
May manage team "staff"(Investment Associates/Client Associates)
Establish and maintain relationships with the management team and inform them of any circumstances that require supervisory attention/review/approval per compliance guidelines and policies
Complete required training, obtain industry licenses (Series 7 & 66), master assessments, maintain continuing education requirements and meet minimum performance standards
Source prospective clients, capitalize on referrals and assess customer needs
Deliver highly customized solutions and through collaboration deliver the full resources of Bank of America Merrill Lynch
This position may be subject to SAFE Act registration requirements. Pursuant to the SAFE Act requirements, all employees engaged in residential loan mortgage originations must register with the federal registry system and remain in good standing. If your position requires SAFE Act registration, you will be required to register and to submit to the required SAFE Act background check and registration process. Failure to obtain and/or maintain SAFE Act registration may result in your immediate termination.
Qualifications:
Proven ability to influence, develop and motivate others
Proven ability to think strategically
Strong meeting facilitation skills
Proven ability to assess needs of clients and recommend appropriate solutions/interventions
Proven ability to work collaboratively on a team and with key partners
Proven ability to listen and probe for clarity and understanding
Ability to source clients through prospecting and networking
Ability to work in an environment where the majority of your compensation is tied to your performance
Goal and results oriented
Effective communication skills (written and verbal)
Strong follow-through skills Computer/technical literacy and proficiency in Microsoft Word, PowerPoint, Excel
Ideal candidate will have:
At minimum a Bachelors Degree
Masters of Business Administration Degree and/or equivalent business experience
Experience working in business management / leadership role
Proficiency in using SalesForce / Client Relationship Manager Tool
Budget management experience
Strong understanding of the Financial Advisor role