Portfolio Trader

Focus Partners Wealth; St. Louis (MO); Hybrid; USD 75,000 - 80,000; Full time

Benefits offered by this job

Medical, dental, vision insurance

Life insurance

401(k) matching

Job summary

Focus Partners Wealth seeks a Portfolio Trader to manage onboarding and trading for our wealth management teams in a partially remote role based in St. Louis, MO.

You will implement investment strategies, monitor cash needs, and perform regular reviews of portfolios to improve performance and tax efficiency. The role requires 2+ years in financial services, trading experience with equities and mutual funds, and familiarity with leading platforms such as Pershing, Charles Schwab Institutional, or

Qualifications

• 2+ years of experience in financial services.
• Experience working with RIAs and Independent Financial Advisors a plus.
• Equity and mutual fund trading experience; familiarity with major custodians a plus.
• Strong written and verbal communication skills; detail oriented.

Responsibilities

• Set up clients in rebalancing software and update targets when allocations change.
• Run rebalancing software to identify portfolios out of balance and actions needed.
• Manage cash flow: maintain cash thresholds and recurring contributions/distributions.
• Propose and execute plans for RMDs and client cash flows.
• Harvest losses and seek tax-efficient investment opportunities.
• Provide recommendations for accounts without discretionary management; deliver superior service to advisors.

Skills

Financial services experience

Trading experience

Strong communication skills

Attention to detail

Education

College degree

Tools

Pershing

Charles Schwab Institutional

Fidelity Institutional

Microsoft Office

Orion

Envestnet

Custodian websites

Job description

## Portfolio TraderApply: Partially Remote: St. Louis, Missouri: Full time: Posted Yesterday: JR100526**Job Description Summary:**The Portfolio 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.**Job Description:****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–$80,000base 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 or follow the company on LinkedIn.