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Retirement & Personal Wealth Solutions (RPWS) serves the core financial needs of individual clients and plan participants by connecting our capabilities across the firm. RPWS is responsible for the development and execution of a comprehensive set of personal wealth and retirement products and services through Banking, Merrill Edge and Advisory channels. RPWS provides tools and content that enables financial advisors and bankers to help their client’s live better financial lives.
The Internal Trust Specialist (ITS) position is located in Hopewell, New Jersey.
The ITS works in a fast paced and dynamic corporate environment providing guidance on trust company administration and the fiduciary investment offerings to ultra-high net worth clients of Merrill Lynch Financial Advisors. This individual is responsible for partnering with a field based External Trust Specialist working in an assigned geographic territory. Results are accomplished through a consultative sales approach in offering trust company administration and fiduciary services to both newly implemented and existing estate plans which requires the individual to understand complex estate planning transactions in order to effectively communicate the requirements of administration to financial advisors, clients, attorneys, and CPAs. The individual will also need to work with the Financial Advisor to coordinate the firm’s investment offerings to ensure that they are consistent with applicable fiduciary investing rules.
Essential Duties & Responsibilities:
Assist Financial Advisors in selling trust company services to existing and prospective clients which will require technical conversations with the clients, attorneys, and CPAs
Educate financial advisors and business partners on wealth transfer techniques and fiduciary investment and administration requirements of trusts
Advise financial advisors on suitability of investments for trusts considering applicable fiduciary investment rules
Perform book reviews to identify clients who may be good candidates for trust company services
Make proactive calls to the firm’s financial advisors to discuss identified opportunities and strengthen relationships with the financial advisors
Utilize appropriate software to track sales activities
Bachelor’s degree required. Prefer candidates with JD degree
Previous Trust and/or Managed Money experience with proven Sales experience
Must possess strong interpersonal skills
Strong verbal and written communication skills
Series 7 and Series 63/65 or 66 required (or ability to obtain in 120 days)
Ability to work under pressure, meet deadlines and clearly defined measurements
Flexible and adaptable to high paced work environment
Self-motivated, positive attitude and high energy are a must
Ability to work as part of team
Shift:1st shift (United States of America)
Hours Per Week: 40
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