Equity Trader and Research Analyst

Allworth Financial; Indianapolis (IN); On-site; USD 110,000 - 170,000; Full time

Benefits offered by this job

Medical insurance

Dental insurance

401K contributions

Flexible working arrangements

Paid time off

Holiday pay

Equity program options

Job summary

Allworth Financial is seeking an experienced equity trading and research professional to join our in-house team in Indianapolis. The role combines discretionary trading decisions with ongoing research coverage across assigned stocks to inform model portfolios.

You will work closely with portfolio managers, apply tax-aware trading concepts, and contribute to building and maintaining client portfolios within a collaborative, cross-functional team.

Qualifications

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

Responsibilities

• Trading and Portfolio Implementation: Execute account-level rebalancing to target models, considering tax-aware gain/loss realization and position trimming.
• Determine best investment or cash deployment based on model, sector allocation and security selection.
• Review and approve tactical rebalances in PM/rebalancing platforms; supplement with manual analysis where needed.
• Maintain accurate trading notes, restrictions, and goals.
• Onboard new accounts into flexible models with tax budgets, restrictions, exclusions, and cash targets.

Skills

Equity trading

Portfolio implementation

Tax-aware trading

Independent work

Equity research

Excel

Communication

Education

Bachelor's degree in finance, economics, accounting, mathematics, or related field

Series 65 or equivalent licensing preferred

Tools

Custodial platforms

RIA portfolio management systems

Job description

Allworth Financial ( www.allworthfinancial.com ) is an independent investment advisory firm providing full-context wealth planning solutions. The firm brings together investment, tax, retirement, estate, and other financial considerations to help clients evaluate decisions in the context of their whole financial lives.

Founded in Sacramento, California, in 1993, Allworth Financial is a high-growth, private equity-backed, multibranch registered investment adviser. Allworth is primarily a fee-based fiduciary advisory firm that emphasizes client well-being and education. The firm continues to expand through acquisitions and organic growth.

Allworth is a great place to work and build a career. The firm ranks among the top 15 on Barron’s Top 100 RIA Firms list, has a historical client retention rate of 97%, and is a National Business Research Institute (NBRI) Circle of Excellence Award winner. Learn more at AllworthFinancial.com.

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 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 insurancewith 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.

Voluntary Self-Identification

For government reporting purposes, we ask candidates to respond to the below self-identification survey.Completion of the form is entirely voluntary. Whatever your decision, it will not be considered in the hiringprocess or thereafter. Any information that you do provide will be recorded and maintained in aconfidential file.

As set forth in Allworth Financial’s Equal Employment Opportunity policy,we do not discriminate on the basis of any protected group status under any applicable law.

If you believe you belong to any of the categories of protected veterans listed below, please indicate by making the appropriate selection.As a government contractor subject to the Vietnam Era Veterans Readjustment Assistance Act (VEVRAA), we request this information in order to measurethe effectiveness of the outreach and positive recruitment efforts we undertake pursuant to VEVRAA. Classification of protected categoriesis as follows:

A "disabled veteran" is one of the following: a veteran of the U.S. military, ground, naval or air service who is entitled to compensation (or who but for the receipt of military retired pay would be entitled to compensation) under laws administered by the Secretary of Veterans Affairs; or a person who was discharged or released from active duty because of a service-connected disability.

A "recently separated veteran" means any veteran during the three-year period beginning on the date of such veteran's discharge or release from active duty in the U.S. military, ground, naval, or air service.

An "active duty wartime or campaign badge veteran" means a veteran who served on active duty in the U.S. military, ground, naval or air service during a war, or in a campaign or expedition for which a campaign badge has been authorized under the laws administered by the Department of Defense.

An "Armed forces service medal veteran" means a veteran who, while serving on active duty in the U.S. military, ground, naval or air service, participated in a United States military operation for which an Armed Forces service medal was awarded pursuant to Executive Order 12985.