Equity Trader and Research Analyst

Allworth Airline Advisors (Formerly RAA); Cincinnati (OH); On-site; USD 90,000 - 130,000; Full time

Benefits offered by this job

Medical insurance

Dental insurance

Vision insurance

401K contributions

Paid time off

11 Holidays

Equity Purchase Program (eligible)

Job summary

Allworth Financial is seeking a professional to perform equity trading and research for modeled client portfolios. The role involves discretionary trading decisions, tax-aware gain/loss considerations, cash deployment, and position trimming within the equity team’s framework.

You will also conduct ongoing equity research on assigned sectors, monitor earnings and company developments, and screen names for potential inclusion or removal from model portfolios.

Qualifications

• Three to seven years of experience in equity trading, portfolio implementation, or investment operations with direct trading responsibility.
• Ability to demonstrate judgment in trade decision-making beyond simple order entry.
• Understanding of tax-aware trading considerations, including gain/loss realization and cost basis.
• Series 65 or equivalent licensing preferred, or the ability to obtain it.

Responsibilities

• Trading and Portfolio Implementation: Execute account-level rebalancing to target models and manage tax-aware gains/losses.
• Equity Research: Cover assigned sectors, monitor earnings and catalysts, and screen names for model portfolios.

Skills

Advanced Excel

Communication skills

Collaboration

Independent work

Education

Bachelor's degree in finance/economics/accounting/math

Tools

Custodial platforms

RIA portfolio management systems

Trading platforms

Job description

Summary

This role has two functions: equity trading and research. This person's equity trading role includes being part of Allworth's in-house equity team and will have discretion and decision-making authority related to trading and rebalancing modeled client portfolios. This involves exercising judgment on tax-aware gain and loss realization, cash deployment, and position trimming, within the equity team's framework.

This role has two functions: equity trading and research. This person's equity trading role includes being part of Allworth's in-house equity team and will have discretion and decision-making authority related to trading and rebalancing modeled client portfolios. This involves exercising judgment on tax-aware gain and loss realization, cash deployment, and position trimming, within the equity team's framework. This person's research role includes ongoing research for an assigned set of stocks. Coverage responsibilities include tracking fundamentals, catalysts, and relative valuation; monitoring earnings and company developments across current holdings; and screening individual names for potential inclusion in or removal from the firm's model portfolios. Research conclusions inform the portfolio managers and help shape the holdings.

Duties And Responsibilities

Trading and Portfolio Implementation (approximately 75%)

• Execute account-level rebalancing to target models, exercising judgment on tax-aware gain and loss realization and position trimming.
• Determine the best place to invest or raise cash according to the model, considering factors such as sector allocation and security selection.
• Review and approve tactical rebalances in the firm's portfolio management and rebalancing platform, supplementing with manual analysis where system logic falls short.
• Maintain account-level trading notes, restrictions, and goals with a high level of accuracy.
• Support onboarding of new accounts into flexible models, including documentation of tax budgets, restrictions, exclusions, and cash targets.

Equity Research (approximately 25%)

• Cover an assigned set of sectors and industries on an ongoing basis, tracking fundamentals, catalysts, and relative valuation.
• Screen and evaluate individual names for potential inclusion in, or removal from, model portfolios.
• Monitor earnings, company news, and sector developments relevant to current holdings.
• Partner with the broader equity team on portfolio construction discussions, bringing a research perspective to trading decisions.

Qualifications

• Three to seven years of experience in equity trading, portfolio implementation, or investment operations with direct trading responsibility.
• Able to demonstrate judgment in trade decision-making, beyond order entry or rules-based execution.
• Understanding of tax-aware trading considerations, including gain and loss realization, cost basis, and wash sales.
• Ability to work independently while operating within team governance.
• Familiarity with custodial platforms and RIA portfolio management and rebalancing systems is a plus.
• Experience with fundamental or sector-based equity research.
• Strong communication and collaboration skills, and comfortable working as part of a small, cross-trained team.
• Advanced Excel skills and strong attention to detail.
• Bachelor's degree in finance, economics, accounting, mathematics, or a related field, or equivalent work experience.
• Series 65 or equivalent licensing preferred, or the ability to obtain it.

Benefits

We value our associates' time and effort. Our commitment to your success is enhanced by our competitive base pay and an extensive benefits package, including:

• Medical: Blue Shield (PPOs and HDHP with HSA) plans and Kaiser (HMO) plans for California associates
• Dental insurance with MetLife
• Vision insurance with VSP
• Optional supplemental benefits
• Healthcare savings accounts with company contribution
• Flexible spending accounts
• Flexible working arrangements
• Generous 401K contributions
• Exempt associates qualify for our flexible paid time off policy
• Non-Exempt associates will receive 15 days of paid time off annually during the first three years of employment
• 11 Paid Holidays
• Option to participate in our Equity Purchase Program (Contract, intern, and part-time employees are not eligible)
• Future growth opportunities within the company

In addition, we work to maintain the best possible environment for our associates, where people can learn and grow with the firm. We strive to provide a collaborative, creative environment where each person feels encouraged to contribute to our processes, decisions, planning and culture.

Benefits are available to full-time associates who work more than 30 hours a week.

The above statements are intended to describe the general nature and level of work being performed by people assigned to this job. Typical reporting relationships are described, but actual relationships may vary in some instances. This job description is not intended to be an exhaustive list of all responsibilities, duties, skills, or knowledge required of personnel classified in this job.

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