Trading Associate

Full job description

About Wealth Enhancement Group

Wealth Enhancement Group is an independent wealth management firm with an endless passion for enriching the lives of our clients. We continually seek to perfect our craft of personalized financial planning with our team-based Roundtable and UniFi processes that go far beyond the standard approach. We proudly provide unique financial plans and investment management services to over 55,000 households from our over 100 offices - and growing - nationwide.

Since 1997, Wealth Enhancement Group has tirelessly raised the standard of wealth management with specialized knowledge and more attentive service that helps every client craft their future. For more information, please visit

www.wealthenhancement.com

.

We are looking for a Trading Associate who will provide excellent service to advisor teams. This person will implement and maintain Wealth Enhancement Groups clients’ financial plans including accurate and timely trading of investment accounts to the intended model. This role works to ensure efficient and timely execution of portfolio revisions and provides guidance and assistance to financial advisors to best serve our client needs.

The salary target for this role is $60,000 - $80,000; this position is eligible for an annual bonus.

We select our initial compensation target using national compensation survey data. When we make an offer, we then factor in things like tenure, performance, and geographic location to come up with the most accurate numbers. We encourage you to apply and provide us with your compensation expectations when you do. We’re big on open conversations, so, let’s have one.

Primary Job Functions

Daily Trade Team Process Management

• Efficiently and accurately execute trading and review of daily deposit report

• Efficiently manage daily excess cash report and invest where required, communicate with advisor teams when needed

• Efficiently manage daily cash needs report, seamlessly maintain cash reserves for outgoing client distributions and other ongoing cash needs

• Develop and understanding of monthly fee management process

• Manage internal tools to manage meeting schedules, help train assistants, utilize MS Office tools to accomplish job functions

Utilize Internal and External Software Platforms to Provide World Class Trade Execution

• Demonstrate great proficiency navigating custodian interfaces: Schwab Advisor Center, TD Ameritrade VEO One, Fidelity Wealthscape, Pershing 360x, Raymond James Client Center, LPL Client Works

• Demonstrate an ability to advise client facing teams when called upon to assist with advisor team questions regarding trading activity

• Review daily alert functions from custodian interface to identify and resolve ongoing trade team related items. Recommend automated trade team process solutions to help manage perpetual alert occurrences

• Other tasks as assigned by manager

Provide Excellent Advisor and Client Service Executing Incoming Trade Requests

• Develop expert level ability to navigate WEG internal CRM/order management system: Salesforce and third-party rebalancing and reporting tools to execute standard daily trade requests from advisor teams.

• Maintain expertise accurately implementing new client account portfolios

• Understand WEG internal trading processes and interact in conjunction with advisor/client driven trade requests

• Maintain strong working relationships with Client Service members of WEG Advisor Teams to facilitate efficient trading and resolution to open trade team related subjects

Provide Excellent Execution and Support to Advisor Teams Through Strong Investment Intelligence

• Displays in practice an intimate understanding of financial markets and trading mechanics.

• Displays working knowledge of Wealth Enhancement Group’s general investment philosophy

• Recognize and proactively understand WEG managed portfolios, the preferred securities and intended goals for the model positions and investment sleeves

Coach and Mentor Team Members

• Actively integrate information from trade team analysts and team leads to accomplish daily tasks efficiently and effectively

• Collaborate with peers to ensure mutual successes

• Act as mentor with trading assistant colleagues to solidify personal knowledge and help elevate other team members

Education | Qualifications

• 4-year degree in business, financial services or related field preferred

• 6 to 12 months as a trading assistant or relevant experience

• Strong interest in trading, financial advisory, asset management or financial planning

• Strong oral, written skills.

• Strong teamwork and collaborative nature. Ability to train others, coach, mentor and provide effective feedback

• Desire to advance is strongly recommended

• Demonstrates strong teamwork and collaborative nature. Ability to train others, coach, mentor and provide feedback

• Software: Microsoft Office; Salesforce; Strong knowledge of MS Excel is desired

• Knowledge of broker-dealer and custodial platforms and investment products

• Ability to help create training materials based on daily job tasks

• Demonstrated skills working with FAs, Planners and Client Services

• Must be in good compliance standing with all rules, regulations and policies