Portfolio Trader
Focus Partners Wealth is seeking a Portfolio Trader to join our Centralized Portfolio Management Team. This role is pivotal in managing all portfolio and investment-related activities for our wealth management teams, ensuring the effective implementation of investment strategies and maintaining optimal cash balances. The Portfolio Trader will also identify opportunities for rebalancing, portfolio improvement, and tax loss harvesting, conducting regular portfolio reviews to uphold our commitment to client success.
Key responsibilities include setting up clients in rebalancing software, updating targets in response to allocation changes, and running rebalancing software to identify and address portfolio imbalances. The role also encompasses cash flow planning and management, ensuring accurate cash needs assessments, executing plans for required minimum distributions, and managing cash flows to facilitate timely fee collection. Additionally, the Portfolio Trader will identify opportunities for tax loss harvesting and recommend more tax-efficient investment vehicles when appropriate.
The ideal candidate will possess a bachelor's degree and a minimum of two years of experience in financial services, with a preference for those who have worked with Registered Investment Advisors (RIAs) and Independent Financial Advisors. Experience in equity and mutual fund trading, along with familiarity with platforms such as Pershing, Charles Schwab Institutional, Fidelity Institutional, or TD Ameritrade Institutional, is advantageous. Strong proficiency in Microsoft applications, excellent written and verbal communication skills, and a proactive, team-oriented attitude are essential.
This position offers a competitive annual base salary ranging from $75,000 to $95,000, with actual compensation dependent on experience, expertise, and skill set. The total compensation package includes an annual cash bonus and a comprehensive benefits package featuring medical, dental, vision, life insurance, and a 401(k) plan. Focus Partners Wealth provides a hybrid work model, requiring three days of in-office work per week, with the option to work remotely for two days, promoting flexibility and work-life balance.
Focus Partners Wealth fosters a collaborative and client-centric culture, emphasizing professional growth and development. Team members are encouraged to take ownership of their roles, contribute to the firm's success, and support each other in a dynamic and supportive environment. This role offers a unique opportunity to be part of a leading financial services firm dedicated to delivering personalized wealth management solutions and building lasting client relationships.