Trading Specialist

Allworth Financial (www.allworthfinancial.com) is an independent investment financial advisory firm that specializes in retirement planning, investment advising, and 401(k) management with a direct approach to financial planning. Allworth Financial delivers long- and short-term investment planning solutions and advice to help clients achieve their goals and plan strategically for retirement.

Allworth Financial is a high growth, private equity backed, multi branch Registered Investment Advisor. Founded in Sacramento, California, in 1993 Allworth is primarily a fee-based, employee-centric fiduciary advisory firm, that prides itself on emphasizing client well-being and education. The business is a multi-billion dollar firm and is on track for continued growth through both acquisitions and strong organic growth. Allworth is considered a great place to work and was once again given the prestigious “Circle of Excellence” award by the National Business Research Institute for employee and client satisfaction in 2021, placing it among the best-loved brands in America. Allworth Financial was also recognized as a Barron's Top 40 RIA in 2024.

SUMMARY:

The Trading Department consistently strives for operational excellence through the efficient and accurate execution of all trade-related activities. The primary responsibility of the Trading Specialist is ensuring the timely and accurate processing of all assigned client trading activities. The Trading Specialist coordinates within the Trading Team to ensure the timely resolution of excess cash, cash needs, outside of model tolerance, and tax-loss harvest activities. The role may also research and resolve trade adjustment requests, complete daily trade reconciliation, and assist with integration-related projects.

This is a full-time, non-exempt position with hybrid work options from the following office location: Folsom, California. The hourly range for this position is $31.25- $33.65/hour. This position is eligible for overtime.

DUTIES AND RESPONSIBILITIES:

• Accurate and timely execution of trades submitted to the CRM trading queue

• Next business day validation of previous day’s trading activity

• Processing variable annuity sub-account and mutual fund direct business trades

• Team participation, ensuring the rapid resolution of excess cash, cash needs, outside model tolerance, tax-loss harvest, and daily trade reconciliation activities

• Complete and document trade adjustments as requested

• Preparing assigned advisor-client review meeting reports

• Performing advisor-requested research as needed

• Assist with integrating future partner trading activities

• Consistently demonstrate outstanding quality and accuracy of work – leads by example

• Identifying process improvements and partnering with leaders to implement changes

• Consistently demonstrating Allworth’s guiding principles

QUALIFICATIONS:

• Some experience trading in an RIA setting

• Experience in block trade and allocation processing

• Thorough understanding of trade execution and settlement processes and policies

• Bachelor’s degree in accounting or finance, or equivalent work experience

• Thorough knowledge of RIA systems

• Passion for operational efficiency and accuracy

• Minimum 5 years experience in the investment securities industry

• Knowledge of advisory rebalancing systems

• Ability to perform multiple tasks concurrently while meeting established deadlines

• Strong analytical, problem-solving, decision-making, and organizational skills

• Strong interpersonal communication skills for working in a team environment

• Ability to handle large transactions, heavy trade volumes, significant time pressures, and deadlines in the placement and execution of trades with minimal errors

• Proficient computer skills, including Microsoft Office applications

• Strict attention to detail with high-quality results

• Ability to multi-task and prioritize work daily

• Approachable to all staff

• Strong organizational, problem-solving, and analytical skills

BENEFITS

We value our associates’ time and effort. Our commitment to your success is enhanced by our competitive base pay and an extensive benefits package, including:

• Medical: Blue Shield (PPOs and HDHP with HSA) plans and Kaiser (HMO) plans for California associates

• Dental insurance with MetLife

• Vision insurance with VSP

• Optional supplemental benefits

• Healthcare savings accounts with company contribution

• Flexible spending accounts

• Flexible working arrangements

• Generous 401K contributions

• Exempt associates qualify for our flexible paid time off policy

• Non-Exempt associates will receive 15 days of paid time off annually during the first three years of employment

• 11 Paid Holidays

• Option to participate in our Equity Purchase Program (Contract, intern, and part-time employees are not eligible)

• Future growth opportunities within the company

In addition, we work to maintain the best possible environment for our associates, where people can learn and grow with the firm. We strive to provide a collaborative, creative environment where each person feels encouraged to contribute to our processes, decisions, planning and culture.

Benefits are available to full-time associates who work more than 30 hours a week.

The above statements are intended to describe the general nature and level of work being performed by people assigned to this job. Typical reporting relationships are described, but actual relationships may vary in some instances. This job description is not intended to be an exhaustive list of all responsibilities, duties, skills, or knowledge required of personnel classified in this job.

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