United States onlyAbout Wealth Enhancement
Wealth Enhancement 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 75,000 households from our over 100 offices - and growing - nationwide.
Since 1997, Wealth Enhancement 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.
Our Los Angeles, California team has an excellent opportunity for a Trading Analyst (on-site). This person is expected to define and manage the account trading process, focusing on efficiency and accuracy using Orion and Eclipse software and knowledge of securities trading. The Trading Analyst also contributes to the managed portfolios by monitoring the portfolios and current investments.
In the spirit of pay transparency, we are excited to share the base salary range for this position is $80,000 - $115,000, exclusive of bonuses and benefits. 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
Trading & Account Management
Complete trade requests, required minimum distributions (RMDs), withdrawals, and investment of new funds.
Process client model change requests by generating the across-the-board block trade orders required to affect the model changes
Perform tax loss harvesting
Maintain cash balances in client accounts.
Execute trades according to portfolio manager directives and in accordance with the firm’s best execution policies.
Coordinate between custodians, customer service team, and financial advisors.
Reporting & Analysis
Generate daily performance sheets.
Complete quarterly best execution report
Create trade sheets for new and cash-added accounts.
Assist in quarterly performance presentation.
Portfolio Maintenance
Implement strategic portfolio adjustments in collaboration with portfolio managers and analysts.
Ensure security weightings align with model allocations.
Utilize pricing methodology for block trades.
Team Support
Ability to work Collaboratively in a team environment.
Education/Qualifications
Must have Series 65 license or Series 7 & Series 63.
Bachelor’s degree preferred in finance, business, economics, or a related field.
3 + years of related work experience in the Asset Management or Financial Service Industry.
Strong analytical and quantitative skills with a keen attention to detail
Must have experience as a Trader or Trading Assistant for equity, mutual funds and ETFs
Software Proficiency: Orion, Eclipse, Bloomberg, Salesforce. Microsoft Excel and Microsoft Office Suite.
Experience with Schwab and Fidelity’s trading platforms.
Moderate understanding of the securities market and trading fundamentals.
Excellent written and verbal communication skills, with the ability to present complex information in a clear and concise manner.
Strong work ethic, self-motivation, and a proactive approach to problem-solving
Commits to high standards of ethical behavior; demonstrates trustworthiness.
Strong attention to detail and accuracy.
Ability to work collaboratively with portfolio managers and analysts.
Excellent organizational and time management skills.
Strong communication skills to effectively coordinate with team members.
WEG hires employees and makes decisions about their salary qualifications based on factors such as: the role to be performed; educational and professional experience, qualifications, skills and credentials; tenure, cost-of-living and demand for the role in the applicable market. Thus, the entire salary range for those who are classified as the Senior Specialist level is $57,050 to $126,000.
Comprehensive Benefits Offerings
Our benefits aim to balance four key elements that make life and work meaningful: health and wellness, financial well-being, professional development, and work/life harmony. You may participate in the following benefits & development opportunities:
Training and professional development
Medical, dental and vision coverage (Available to employees and their families)
Health Savings Account (HSA) with employer contribution and Flexible Spending Accounts (FSA) for medical, dependent, and transit expenses
Life and AD&D insurance – employer paid and voluntary options
Short-term and long-term disability, workers compensation – employer paid
401k with match and profit sharing
Wellness programs and resources
Voluntary benefits, including pet insurance
18 days of paid time off (PTO), accrued annually (25 PTO days after 4 years of service)
12 paid holidays each year (10 pre-determined and 2 floating days)
Paid parental leave and paid caregiver leave (Caregiver leave available after 6 months of tenure)
Reimbursement for tuition, licensing, and other credentials (Available after meeting service requirements)
Should you need reasonable accommodation when completing the application form or during the selection process, contact the Human Resources Department at 763-417-1700
Information provided on this application will be kept confidential and only be shared with those involved in the selection process.
Equal Opportunity Employer, including disabled and veterans. This organization participates in E-Verify.
Click the following link to view Federal and E-Verify posters: Link
OSHA Requirements: This position requires the ability to stand or sit for long periods of time, file documents in high or low cabinets, to use the telephone and to use the computer systems.
