Portfolio Trader and Administrator

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Job description

Portfolio Trader & Administrator

Description

Armstrong Advisory Group is looking for a curious and detail-oriented person to bolster our investment management team. This is a position for an individual looking to work in investment management and gain a broad understanding of how investment decisions are made and executed.

We believe investment management is about taking the complexity of the world economy and distilling it into simple, investable ideas to help our clients achieve their financial goals. Every investment in a portfolio must serve a purpose, with different pieces working together to help build a risk-managed portfolio to provide the appropriate levels of growth for the long-term, and stability and cash flow for the short-term. The ideal candidate for this position will have a knack for looking at complex systems and determining the key drivers for them to see if different investments possess the qualities to capture available upside from those drivers.

This individual would also be responsible for implementing our investment team's ideas through our trading platforms to help create portfolios for our clients. The candidate will gain an understanding of how ideas transition from initial analysis to implementation and management in client accounts. Lastly, this person would also be responsible for continued monitoring, updating, and maintenance of client portfolios on a regular basis to ensure they stay within the target allocation for a particular client or range of clients.

Responsibilities

• Investment Research
• Assist investment team in idea generation for investment portfolios
• Conduct independent research on potential investments
• Support portfolio managers with data needed to make investment decisions
• Maintain and develop relationships with counterparties
• Develop new data feeds and sources for needed economic and market data
• Trading
• Work with investment advisors to implement portfolio strategy with new clients during onboarding process
• Input customizations and restricted securities across households and accounts
• Implement portfolio changes as recommended by investment management team
• Conduct regularly-scheduled rebalances of client portfolios
• Collaborate with portfolio managers and advisors to improve trading execution and improve portfolio management systems
• Audit trade execution to ensure accurate allocations and target assignments
• Administration
• Build and update portfolios and asset allocation models
• Monitor client portfolios for drift from target asset allocation
• Maintenance of internal and external trading statistics
• Manage tracking of portfolio performance
• Work with financial advisors to develop reporting on client portfolios and performance
• Ensure portfolio cash targets and restricted securities lists are maintained and updated on a regular basis
• Assist with client account reconciliation

Qualifications

• 4-year degree from accredited undergraduate institution
• 1-3 years experience with equity trading
• Strong written communication skills
• Strong quantitative skills
• Attention to detail
• Passion for trading and portfolio management
• Knowledge of portfolio rebalancing software (preferably Envestnet Tamarac)
• Experience with CRMs integrated with multiple data feeds (preferably Salesforce)

About The Armstrong Advisory Group

Formed in 2004, this independent financial advisory company manages over $1 billion in assets and provides wealth management for over 1,500 families, individuals, and businesses. We specialize in wealth management, estate planning, asset protection and retirement plan consulting. We offer a medical plan, dental plan, life insurance, short- and long-term disability and employer-sponsored 401(k) plan. This position is a full-time role with the ability to work up to two days per week remotely.