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Specialty Asset Manager III - Closely Held Assets

Merrill Wealth Management
Dallas, Texas; Chicago, Illinois; Pennington, New Jersey; Hartford, Connecticut
Commensurate with Experience
Closing date
Mar 2, 2024

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Job Role
Financial Advisor
Employment Type
Full Time
Experience Level
1-4 years
CFP® Certification

Job Details

Job Description:

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day.

One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We're devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.

Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.

Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us!

Job Description:
Manages most advanced & complex portfolio within a given segment of specialty assets, i.e., the real estate, oil & gas, farm & ranch, timberland and private businesses group. Partners closely with Private Bank relationship/client managers - provides creative solutions to complex customer/asset needs.


Manages ownership interests in privately held companies that span various industries, sectors and business types.  These interests are held by Bank of America/Merrill Lynch clients in a variety of fiduciary accounts, and responsibilities encompass all aspects that are associated with investments in private businesses.  The Asset Manager will be exposed to financial statement analysis, investment valuation methodologies, certain trust and estate fiduciary matters, corporate organizational documents, as well as all aspects of corporate governance.

The associate will be responsible for the oversight of client assets that can vary significantly in value and complexity.  At least annually, the associate must complete an investment review for each assigned interest.  Reviews will include an updated value using generally accepted valuation methods, such as the income, market or asset-based approach, as well as assigning asset performance ratings.

Other activities include review of potential new assets, obtaining external valuation work product, and governance activity at the entity level as needed.  Frequent contact with portfolio managers, trust officers, tax and legal experts, wealth strategists, as well as clients and their advisors as required.

  • Collaboration
  • Decision Making
  • Issue Management
  • Prioritization
  • Strategic Thinking
  • Critical Thinking
  • Customer and Client Focus
  • Oral Communications
  • Project Management
  • Written Communications
  • Active Listening
  • Adaptability
  • Analytical Thinking
  • Continuous Improvement
  • Innovative Thinking

Required Qualifications:
  • 5+ years of experience in investment analysis or related field required

Desired Qualifications:
  • Bachelor's degree in Accounting, Finance, Economics, or related field desired.  MBA a plus
  • Accredited Senior Appraiser (ASA) designation through the American Society of Appraisers is a plus
  • 3+ years of experience in a fiduciary environment a plus

Job Band:

1st shift (United States of America)

Hours Per Week:


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