Focus Financial Partners is hiring a Portfolio Trader to join our Centralized Portfolio Management Team. In this role, you will be responsible for managing all portfolio and investment activities for assigned wealth management teams, implementing strategy and ensuring optimal client account management.
What You'll Do
- Develop a deep understanding of our investment philosophy and the specific investments we use.
- Set up clients in rebalancing software and update allocation targets as needed.
- Run rebalancing software to identify portfolios requiring action and determine the appropriate steps.
- Manage cash thresholds, recurring contributions, and distributions for client accounts.
- Periodically confirm cash needs with advisory teams to ensure accuracy.
- Propose and execute plans for Required Minimum Distributions (RMDs) and other account cash flows.
- Review cash to be invested or generated from transactions.
- Manage account cash flow to facilitate timely and accurate fee collection.
- Identify and act on opportunities for tax loss harvesting and switching to more tax-efficient vehicles.
- Develop investment recommendations for non-discretionary client accounts.
- Provide superior, friendly service to financial advisors via phone and email.
- Effectively prioritize work to meet critical trade deadlines and service level agreements.
What We're Looking For
- At least two years of experience in the financial services industry.
- A Bachelor’s degree.
- Strong proficiency in Microsoft Applications.
- Excellent written and verbal communication skills.
- A desire to take ownership and provide exceptional customer service.
- An energetic, positive, self-starter attitude.
- Strong organizational skills with exceptional attention to detail.
- The ability to work well in a team, supporting others and filling gaps as necessary.
- The proven ability to prioritize tasks and switch focus as needed.
Nice to Have
- Experience working with RIAs and Independent Financial Advisors.
- Equity and mutual fund trading experience.
- Familiarity with custodial platforms like Pershing, Charles Schwab Institutional, Fidelity Institutional, or TD Ameritrade Institutional.
- Experience with Orion Software, Envestnet Software, or custodian websites.
Technical Stack
- Microsoft Applications
- Orion Software
- Envestnet Software
- Custodian websites
- Rebalancing software
Team & Environment
You will join the Centralized Portfolio Management Team and report directly to the team leader.
Benefits & Compensation
- Medical, dental, vision, and life insurance
- 401(k) plan
- Annual cash bonus
- Base salary range: $75,000-$95,000
Work Mode
This role offers a hybrid work arrangement.
Focus Financial Partners is an equal opportunity employer. All employment decisions are based on skillset, without regard to race, color, religion, sex (including pregnancy), gender identity, sexual orientation, national origin, age, disability, genetic information, veteran status, or any other protected characteristic.
