Portfolio Trader

LE0123 Focus Partners Wealth LLC; Clayton (MO); On-site; USD 75,000 - 80,000; Full time

Benefits offered by this job

Annual cash bonus

Comprehensive benefits package

Job summary

Focus Partners seeks a Portfolio Trader to join the Portfolio Onboarding and Trading Team. The trader will manage all portfolio/investment activities for wealth management teams, implement investment strategy, manage cash balances, and identify rebalancing and tax-loss harvesting opportunities.

The role conducts daily, weekly, and monthly reviews, sets up clients in rebalancing software, and communicates with advisors to optimize client accounts while delivering high-quality service.

Qualifications

• 2+ years of experience in financial services.
• Experience working with RIAs and Independent Financial Advisors preferred.
• College degree preferred.
• Equity and mutual fund trading experience; familiarity with Pershing, Schwab or Fidelity a plus.
• Proficiency with Orion, Envestnet or Custodian websites.
• Strong written and verbal communication skills.
• Energetic self-starter with a positive, can-do attitude.
• Strong organization and attention to detail.

Responsibilities

• Set up clients in rebalancing software and update targets when allocations change.
• Run rebalancing software to identify portfolios out of balance and take action.
• Cash flow planning: manage minimum/maximum cash thresholds and recurring contributions/distributions.
• Confirm cash needs with advisory team periodically.
• Propose and execute plans for RMDs and account cash flows.
• Review cash to be invested or generated.
• Manage account cash flows to ensure timely fee collection.
• Identify opportunities for tax-loss harvesting.
• Develop recommendations for accounts without discretionary authority.
• Provide excellent service by telephone and email to financial advisors.
• Prioritize work to meet trade deadlines and SLAs.

Skills

Financial services experience

RIAs experience

Team collaboration

Communication skills

Education

College degree

Tools

Orion Software

Envestnet Software

Custodian platforms

Microsoft Office

Job description

ThePortfolio Trader works on the Portfolio Onboarding and Trading Team.The Portfolio Traders primary responsibility is to manage all portfolio/investment related activities for their respective wealth management teams. They are responsible for implementing the investment strategy, managing appropriate cash balances, and identifying opportunities for rebalancing, portfolio improvement, and tax loss harvesting. A successful Portfolio Trader will conduct all daily, weekly, and monthly portfolio reviews.

Primary Responsibilities

• Deep understanding of our investment philosophy and the investments we use.
• Responsible for setting up clients in rebalancing software and updating targets when a client’s allocation changes.
• Run rebalancing software to identify client portfolios that are out of balance and to determine what action, if any, should be taken.
• Cash Flow Planning and Cash Management: Manage appropriate minimum and max cash thresholds as well as recurring contributions and distributions.
• Confirm accuracy of a client’s cash needs with advisory team on a periodic basis.
• Propose and execute plans for RMDs and any account cash flows.
• Perform review of cash to be invested or generated.
• Appropriately manage cash flow of accounts to provide for timely collection of fees.
• Provide and execute recommended action plans to collect on any outstanding uncollected fees.
• Identify opportunities to harvest losses as well as opportunities to switch to a more tax-efficient (or more preferred) investment vehicle.
• Develops recommendations for client accounts for which we do not maintain discretion.
• Provide superior, friendly and knowledgeable service by telephone and e‑mail with financial advisors.
• Effectively prioritize work to meet trade deadlines and service level agreements.
• Other duties will be assigned as needed.

Qualifications

• 2+ years of experience in financial services required
• Experience working with RIAs and Independent Financial Advisors a plus.
• College degree preferred.
• Equity and mutual fund trading experience and familiarity with Pershing, Charles Schwab Institutional, or Fidelity Institutional a plus.
• Strong proficiency in Microsoft Applications Orion Software, Envestnet Software or Custodian website experience preferred
• Strong written and verbal communication skills.
• Desire to take ownership and provide the best customer service in the industry
• Energetic self-starter with an extremely positive, can-do attitude
• Strong organization skills with exceptional attention to detail
• Must work well in a team environment, supporting others and filling in as necessary
• Must be able to prioritize and switch tasks as needed

This position is an exempt position. The annualized base pay range for this role is expected to be between $75,000–$80,000 base salary compensation range. Actual base pay may vary based on factors including, but not limited to, experience, subject matter expertise, geographic location where work will be performed, and the applicant’s skill set. The base pay is just one component of the total compensation package. Other rewards may include an annual cash bonus and a comprehensive benefits package, including but not limited to medical, dental, vision, life insurance, and 401(k).

Please note that the job title is subject to change based on the selected candidate’s experience and education.

Focus Partners is an organization of wealth, asset, and business management resources that brings strength, innovation, and partnership to client relationships. Through a comprehensive range of services, Focus Partners supports clients at every stage of life, helping them manage their financial future.

Focus Partners uses research-backed investment strategies to create custom-built portfolios and delivers personalized wealth planning solutions to clients in all 50 states.

Focus Partners is part of Focus, a leading financial services firm comprised of wealth management, family office, and business management services.

To learn more about Focus, visit focuspartners.com.

Focus is a leading financial services firm comprised of integrated wealth management, family office, and business management services.

Blending deep expertise and expansive resources with a boutique, client-first fiduciary philosophy, Focus helps individuals, families, and institutions navigate complex financial situations with highly personalized solutions tailored to their unique needs.

To learn more about Focus, visit www.focusfinancialpartners.com.

EEO Statement

Focus is an equal opportunity employer and bases its employment decisions on the employee or candidate’s skillset, and without regard to an employee or candidate’s race, color, religion, sex (including pregnancy), gender identity, sexual orientation, national origin, age, disability, genetic information, veteran status, or any other characteristic protected by local, state and/or federal law. Focus complies with federal and state disability laws and makes reasonable accommodations for applicants and employees with disabilities. If reasonable accommodation is needed to participate in the job application or interview process, to perform essential job functions, and/or to receive other benefits and privileges of employment, please contact [e-mail]

For California Applicants: Information on your California privacy rights can be found here

For Indiana Applicants: It is unlawful for an employer to discriminate against a prospective employee on the basis of status as a veteran by refusing to employ an applicant on the basis that they are a veteran of the armed forces of the United States, a member of the Indiana National Guard or a member of a reserve component.

For Maryland Applicants: I UNDERSTAND THAT UNDER MARYLAND LAW, AN EMPLOYER MAY NOT REQUIRE OR DEMAND, AS A CONDITION OF EMPLOYMENT, PROSPECTIVE EMPLOYMENT OR CONTINUED EMPLOYMENT, THAT ANY INDIVIDUAL SUBMIT TO OR TAKE A POLYGRAP OR SIMILAR TEST. AN EMPLOYER WHO VIOLATES THIS LAW IS GUILTY OF A MISDEMEANOR AND SUBJECT TO A FINE NOT EXCEEDING $100.

For Massachusetts Applicants: It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this shall be subject to criminal penalties and civil liability.

For Montana Applicants: If hired, the employment relationship is governed by the Wrongful Discharge from Employment Act. Mont. Code Ann. Section 39-2-901.

For Rhode Island Applicants: Focus is subject to Chapters 29-38 of Title 28 of the General Laws of Rhode Island and is therefore covered by the state’s workers’ compensation law. If you willfully provide false information about your ability to perform the essential functions of the job, with or without reasonable accommodations, you may be barred from filing a claim under the provisions of the Workers’ Compensation Act of the State of Rhode Island if the false information is directly related to the personal injury that is the basis for the new claim for compensation.

The Company complies fully with the Americans with Disabilities Act.

People matter here, not just as a catchphrase, but as a belief. And we're building a firm that takes its work seriously and holds itself to a high standard, but also one that never forgets that the work is done by people. Your experience, your judgment, and your perspective, they matter here. We’re growing and growth brings opportunity for learning, for advancement, and for building something lasting. Focus, a business division of Focus Financial Partners, brings together businesses across Wealth, Business Management, Family Office, and International. Collectively, these firms—spanning the U.S., Canada, and Australia—deliver a broad spectrum of financial advice solutions to individuals, families, and institutions. Our vision is clear: to be the leading fiduciary advice company in the world. For clients, that means an experience built around their needs. For advisors, it means access to the resources, tools, and capabilities typically available only at the largest global institutions. We believe talent is the key to realizing