Portfolio Trader

Focus Financial Partners•St. Louis, MO

1h•Hybrid

About The Position

Focus Partners Wealth is seeking a Portfolio Trader to join their Centralized Portfolio Management Team. The primary responsibility of this role is to manage all portfolio/investment related activities for respective wealth management teams. This includes implementing investment strategy, managing appropriate cash balances, and identifying opportunities for rebalancing, portfolio improvement, and tax loss harvesting. The Portfolio Trader will also conduct daily, weekly, and monthly portfolio reviews. Focus is a leading financial services firm comprised of integrated wealth management, family office, and business management services. They blend deep expertise and expansive resources with a boutique, client-first fiduciary philosophy to help individuals, families, and institutions navigate complex financial situations with highly personalized solutions tailored to their unique needs.

Requirements

Two years of experience in financial services required
Bachelor’s degree
Strong proficiency in Microsoft Applications
Strong written and verbal communication skills
Desire to take ownership and provide the best customer service in the industry
Energetic self-starter with an extremely positive, can-do attitude
Strong organization skills with exceptional attention to detail
Must work well in a team environment, supporting others and filling in as necessary
Must be able to prioritize and switch tasks as needed

Nice To Haves

Experience working with RIAs and Independent Financial Advisors a plus
Equity and mutual fund trading experience and familiarity with Pershing, Charles Schwab Institutional, Fidelity Institutional, or TD Ameritrade Institutional a plus
Orion Software, Envestnet Software or Custodian website experience preferred

Responsibilities

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