Portfolio Trader

Focus Financial Partners

St. Louis (MO)

On-site

USD 75,000 - 80,000

Full time

6 days ago

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Benefits offered by this job

Medical benefits

Dental benefits

Vision benefits

Life insurance

401(k)

Job summary

Focus Partners is seeking a Portfolio Trader to support the Portfolio Onboarding and Trading Team. You will manage all portfolio and investment activities for wealth management teams, implement investment strategies, and oversee cash balances for rebalancing and tax optimization.

You will conduct daily, weekly, and monthly portfolio reviews, set up client accounts in rebalancing software, and communicate with financial advisors to ensure accurate targets and timely actions.

Qualifications

2+ years of experience in financial services.
Experience working with RIAs and Independent Financial Advisors is a plus.
College degree preferred.
Equity and mutual fund trading experience with Pershing/Schwab/Fidelity is a plus.
Strong proficiency in Microsoft applications and brokerage software.

Responsibilities

Set up clients in rebalancing software and update targets after allocation changes.
Run rebalancing software to identify out-of-balance portfolios and determine actions.
Manage cash flows including contributions, distributions, and minimum/maximum thresholds.
Confirm clients' cash needs with advisory team regularly.
Propose and execute plans for RMDs and account cash flows.
Review cash to be invested or generated and ensure timely fee collection.
Identify tax-loss harvesting opportunities and tax-efficient investments.
Develop portfolio recommendations when discretion is not maintained.
Provide excellent service to financial advisors by phone and email.
Prioritize work to meet trade deadlines and SLAs.
Other duties as needed.

Skills

2+ years financial services

Strong communication

Team player

Detail oriented

Education

Bachelor's degree

Tools

Pershing

Charles Schwab Institutional

Fidelity Institutional

Orion

Envestnet

Job description

Position Summary

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.

Job Description Summary

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–$80,000 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, visitfocuspartners.com or follow the company on LinkedIn.

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 or follow the company on LinkedIn.

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 careers@focuspartners.com

The following language is for US based roles only

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.

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