Bank of America is looking for a few good wealth managers

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(REUTERS/Ellen Ozier) Members of the 30th Heavy Separate Brigade of the North Carolina Army National Guard salute.

Bank of America's US Trust division is going with a tried-and-true method of screening future wealth managers: boot camp.

It’s called the Private Client Advisory Development Program.

Bank of America’s newest members of the its wealth manager development program can expect a rigorous 18-month process as they learn the ropes in the private client program. Hundreds apply and most are denied.

Potential candidates aren't wealth managers with tons of experience. Instead, the bank is looking for people early into their careers, and who "speak the language” of wealth management nevertheless.

The US Trust wealth manager development program does not yet have a commander. Just like the military boot camp, BofA has a takes-all-kinds approach to new hires.

There are Harvard Business School alumni that graduated in Bank of America's first private client program class. But there is also one person who used to run a car dealership, a source said.

BofA sources think the program could host 100 potential wealth managers by 2017.

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