Portfolio Trader: Rebalance + Tax-Efficient Growth

Focus Financial Partners

St. Louis (MO)

On-site

USD 75,000 - 80,000

Full time

9 days ago

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Benefits offered by this job

Comprehensive benefits package (med/dx

401(k)

Job summary

Focus Partners seeks a Portfolio Trader to join the Portfolio Onboarding and Trading Team. The role manages all portfolio activities for wealth teams, implements investment strategies, and oversees cash balances with regular reviews.

The ideal candidate has 2+ years in financial services, trading experience, and proficiency with Pershing/Schwab/Fidelity; strong communication and teamwork are essential. Base pay ranges with bonus and comprehensive benefits.

Qualifications

2+ years of experience in financial services required.
Experience working with RIAs and Independent Financial Advisors is a plus.
College degree preferred.
Equity and mutual fund trading experience and familiarity with Pershing, Charles Schwab Institutional, or Fidelity Institutional is 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.

Responsibilities

Manage portfolio/investment activities for wealth management teams.
Set up clients in rebalancing software and update targets after allocation changes.
Run rebalancing software to identify out-of-balance portfolios and decide actions.
Manage cash thresholds and recurring contributions/distributions.
Verify client cash needs with the advisory team periodically.
Propose and execute plans for RMDs and account cash flows.
Review cash to be invested or generated and manage cash flow for fee collection.
Identify opportunities to harvest losses and switch to tax-efficient investments.
Develop recommendations for accounts where discretion is not maintained.
Provide superior service by phone and email to financial advisors.
Prioritize work to meet trade deadlines and SLAs.