Investment Analyst

Bank Of America • Palo Alto, CA 94301

Posted 2 weeks ago

Job Description

Palo Alto based wealth management team is looking for a full analyst to work with Partner on client investment analysis and reporting. Analyst will review investment ideas and client portfolios for suitable investments. This person will assist with client monthly and quarterly performance reporting of investments which involves gathering data and preparing the detailed reports. Analyst will assist on the implementation of proposals and help with client communication of progress. The work involves spreadsheet, Bloomberg, and power point applications. It also involves understanding client mobility tools and being comfortable helping clients maximize these tools. Ideal candidate is thoughtful about client perspective, is detail oriented, and has strong computer and writing skills. Prior investment experience is a plus. Analyst will work directly for Partner but will also be part of a team of client associates who work on client administration. The Analyst (Registered) is a fully paid or firm paid (exception only), salaried, exempt position on the Financial Advisor Team to further develop and service their client base. The Analyst is responsible for implementing and executing the Optimal Practice Model (OPM) in their specific functional role (i.e. Business Development, Business Management, Relationship Management or Investments). Specific accountabilities for the role may vary depending on the teams practice. Performance is measured by the FA or FA team, along with OMT, through specific goals, metrics, and behavior related to the execution of the OPM function. The Analyst (Non Registered) is a non exempt position for a non -licensed hire lacking a license and/or designation, until fully licensed and designation achieved. The Analyst (Registered) is a non-exempt position for licensed employees that are in progress of completing their designation in 12-months. Analyst (Non-exempt) This role is a temporary position to allow externally hired individuals to obtain their license within 6 months. If they do not do so, they cannot continue in the role beyond 6 months. At the same time, they have twelve months from license completion to obtain a firm approved designation Obtain license and pursue a firm approved designation Develop and maintain client profiles including analysis of present position and creation of balance sheet and net worth statement. Ensure risk profiles, goals, objectives and asset allocations are appropriate. Utilize Investor Personality Analysis tool Deliver full range of Goals -Based Wealth Management strategies and tools and leverage specialists as appropriate. Partner with internal specialists (e.g., W M bankers, Retirement specialists, PBIG, Trust and Insurance experts) and external advisors to deliver holistic goals-based financial solutions Identify and establish target niche client segments and establish a strong reputation within those markets, as well as the designations to support the practices specialization Prepare and present client reports/r reviews and measure progress to goals Maintain and execute a well-developed and clear marketing plan Analyst Registered (Non-exempt) This role is a temporary position to allow externally hired individuals and internally transferred employees to obtain their designation within 12-months. Employees selecting designations with lengthier completion times will be granted the term identified by the designation organization to complete. Failure to complete the designation level per the recommended time frame will result in the employee removed from the role. Pursue firm approved designation Develop and maintain client profiles including analysis of present position and creation of balance sheet and net worth statement. Ensure risk profiles, goals, objectives and asset allocations are appropriate. Utilize Investor Personality Analysis tool Deliver full range of Goals -Based Wealth Management strategies and tools and leverage specialists as appropriate. Partner with internal specialists (e.g., W M bankers, Retirement specialists, PBIG, Trust and Insurance experts) and external advisors to deliver holistic goals-based financial solutions Identify and establish target niche client segments and establish a strong reputation within those markets, as well as the designations to support the practices specialization Prepare and present client reports/r reviews and measure progress to goals Maintain and execute a well-developed and clear marketing plan Specific Accountabilities: Develop and service client segments and the next generations and beneficiaries. Develop, profile, and qualify new prospective clients through practice client acquisition strategies Organize client events, referral alliances, and targeted seminars with a focus on strategic networking, sourcing and introductions Implement Goals-Based Wealth Management process utilizing current tools and technologies for clients and prospects. Gather additional assets from existing client base and deepen relationships by partnering with all GWIM partners to deliver full breadth of solutions. Coordinate technological support through the development of portfolio analysis, proposals and direct mail campaigns utilizing Salesforce and other tools and resources. Provide technical expertise in certain product areas (e.g. Corporate 401(k), Rule 144, Insurance, Wealth Management Workstation ) Provide marketing and organizational support. May support additional activities included in Good/Better/Best of OPM Requirements: Either Series 7 and 66 licenses or Series 7, 63, and 65 licenses All state licenses in support of FA or FA Teams client base All product licenses in support of FA or FA Teams client base Obtain and/or maintain at least one firm approved designation Safe Act Registered


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