Supports Wealth Strategists in developing and preparing existing and prospective clients' financial plans, analysis, and models, which may encompass investment, retirement, estate, gift, and tax planning, and risk management. Reviews, analyzes and flowcharts estate planning documents and drafts initial financial projections. Assists in the coordination of client workshops to provide financial advisory expertise to internal sales team and existing clients. Executes and delivers on special projects as needed. Assists with marketing efforts through preparation of presentations to facilitate securing current and future business and to build credibility in the local market place. Reviews communication materials for updates on product and service offerings, policy and procedure changes, as well as personnel and risk management updates.
An Analyst in Wealth Planning Solutions, working in conjunction with a Strategist or Associate Wealth Strategist, gathers client data (e.g., estate planning instruments, assets, liabilities, income and expenses) and produces targeted, specific analyses based on that data.
Key Responsibilities:- Gather financial data from a variety of sources (client, PCAs, PCMs, PMs, etc.).- Review, analyze and flowchart estate planning instruments.- Prepare and analyze balance sheets, financial projections and transfer tax illustrations.- Create initial draft of client letter.- Research basic issues related to estate and financial planning including: effectiveness of estate tax savings strategies, charitable planning, retirement planning and investment issues.- Prepare quality control checklists.- Participate in internal and external client meetings.- Administrative duties as needed.- Financial Planning Skills: Basic understanding of a wide range of subject matters including income taxation, stock options, insurance, investments and cash flow modeling.- Estate Planning Skills: Basic understanding of the transfer tax system and core tax savings strategies such as annual gifts and GST trusts. Familiarity with advanced concepts such as charitable and non-charitable split interest trusts (CRTs, CLTs, GRATs, QPRTs).
Required Skills:- 2+ years of training and/or experience with trust and estate planning.- Strong knowledge of financial markets.- Highly organized with a strong attention to detail.- Strong analytical skills.- Extremely strong MS Excel (Graphs, Charts, Pivots, etc.) and PowerPoint experience.- Strong written and verbal communication skills and experience dealing with high net worth clients.- BA/BS in Finance, Accounting or other business related major.
Desired Skills:- Various WPS stochastic models. WealthMaster.- In addition to the above, CFP designation or JD degree is helpful but not required.
Shift: 1st shift (United States of America).
Hours Per Week: 40.
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.
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