Responsibilities
- Manage all portfolio/investment related activities for their respective wealth management teams
- Implement the investment strategy, manage appropriate cash balances, and identify opportunities for rebalancing, portfolio improvement, and tax loss harvesting
- Conduct all daily, weekly, and monthly portfolio reviews
- 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
- 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
Requirements
- Two years of experience in financial services
- Bachelor’s degree
- Must work well in a team environment, supporting others and filling in as necessary
- Must be able to prioritize and switch tasks as needed
- Strong organization skills with exceptional attention to detail
- Desire to take ownership and provide the best customer service in the industry
- Energetic self-starter with an extremely positive, can-do attitude
- Strong written and verbal communication skills
Nice to Have
- Experience working with RIAs and Independent Financial Advisors
- Equity and mutual fund trading experience
- Familiarity with Pershing, Charles Schwab Institutional, Fidelity Institutional, or TD Ameritrade Institutional
- Strong proficiency in Microsoft Applications
- Orion Software, Envestnet Software or Custodian website experience
Benefits
- Annual cash bonus
- Comprehensive benefits package
Work Arrangement
Hybrid
Additional Information
- This position is an exempt position
- Hybrid model: 3 days in office per week, remote allowed 2 days per week or as assigned