Portfolio Trader: Rebalancing & Cash Strategy

Focus Financial Partners; St. Louis (MO); On-site; USD 75,000 - 80,000; Full time

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

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.