- Salary
- $80k – $90k
- Location
- NY Long Island Dix Hills, United States of America
- Workplace
- Onsite
- Type
- Full-time
- Department
- Operations
- Experience
- 3+ years
- Education
- Bachelor
- Source
- Workday
Description
About 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 90,000 households from our over 175 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 Deer Park, NY team oversees approximately $1.2 billion in client assets under management (AUM) and serves a sophisticated clientele of high-net-worth and ultra-high-net-worth individuals and families. We provide customized investment management, retirement planning, tax-efficient strategies, estate planning guidance, and comprehensive wealth planning solutions. As our practice continues to grow, we are seeking a talented and motivated professional to join our team and play a key role in supporting our advisors, clients, and investment operations.
Position Summary
The Trader & Portfolio Operations Analyst will play an integral role in supporting the firm's investment and operational functions. This individual will be responsible for executing trades, rebalancing portfolios, maintaining portfolio management systems, generating business analytics, and contributing to operational excellence across the practice.
The ideal candidate combines strong trading and portfolio management expertise with analytical skills and a commitment to delivering exceptional service.
This is a Onsite position.
In the spirit of pay transparency, we are excited to share the base salary range for this position is $80,000.00 to $90,000.00, exclusive of bonuses and benefits. This role is also eligible for variable compensation. 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.
Key Job Functions
Trading & Portfolio Management
- Execute equity, fixed income, mutual fund, and ETF trades across client portfolios.
- Rebalance portfolios in accordance with investment models and advisor recommendations.
- Monitor asset allocation drift and implement portfolio changes as needed.
- Assist with tax-conscious trading strategies and portfolio transitions.
- Review and reconcile trading activity to ensure accuracy and best execution.
- Ensure all trading activities comply with firm policies and regulatory requirements.
Portfolio Systems & Custodial Platforms
- Maintain proficiency and daily utilization of:
- Orion Eclipse
- Charles Schwab Advisor Services
- Fidelity Institutional
- Pershing
- Support account maintenance and operational workflows across custodial platforms.
- Assist with account transfers, cash management requests, and operational servicing.
- Troubleshoot account and trading-related issues and discrepancies.
Data Analysis & Business Reporting
- Analyze and report on:
- Assets Under Management (AUM)
- Revenue trends
- Commission activity
- Client profitability
- Advisor productivity metrics
- Create and maintain dashboards, reports, and analytical tools to support management decision-making.
- Identify trends and opportunities to improve operational efficiency and business performance.
- Assist leadership with forecasting, planning, and strategic initiatives.
Operations & Process Improvement
- Identify and implement process improvements across trading and operational functions.
- Support technology integrations and platform enhancements.
- Assist with special projects and strategic initiatives.
- Collaborate with advisors and staff to deliver exceptional service and operational excellence.
Education/Qualifications
- Bachelor's degree (or equivalent experience) in Finance, Economics, Accounting, Business, or a related field.
- FINRA Series 7 License Required.
- Minimum 3 years of experience in trading, portfolio operations, or wealth management.
- Hands-on experience with Orion Eclipse.
- Working knowledge of Schwab, Fidelity, and Pershing custodial platforms.
- Strong analytical and quantitative skills.
- Advanced proficiency in Microsoft Excel and reporting tools.
- Exceptional attention to detail and organizational skills.
- Ability to manage multiple priorities in a fast-paced environment.
Preferred
- Series 66 license or equivalent registration.
- Experience supporting high-net-worth and ultra-high-net-worth clients.
- Experience with portfolio reporting and business intelligence tools.
- Familiarity with CRM and wealth management technology platforms.
Compensation & Benefits
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. To comply with state, pay transparency laws, we must disclose the entire salary grade. The base salary grade for those who are classified as this level is $57,750.00 to $126,000.00. The Trader & Portfolio Operations Analyst role is compensated through a combination of base salary and variable pay, with total compensation aligned to performance metrics and company goals. (See bold details above)
Why Join Us?
This is an opportunity to become a key contributor to a successful and growing wealth management team. You will play an integral role in supporting advisors, executing investment strategies, improving operational efficiency, and helping drive the continued growth of a $1.2 billion practice serving high-net-worth and ultra-high-net-worth clients.
If you are a motivated professional with a passion for trading, portfolio management, analytics, and operational excellence, we encourage you to apply.
To apply, please submit your resume and cover letter.
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 be eligible to participate in the following benefits & development opportunities:
Training and professional development
Medical, dental and vision coverage (Available to full-time 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.
Wealth Enhancement may use artificial intelligence (AI) tools to assist in the initial screening of resumes. All AI-supported evaluations are reviewed by our recruitment team to ensure accuracy and fairness. We are committed to equal opportunity in employment and do not discriminate based on race, color, religion, sex, national origin, age, disability, or any other protected status. Your personal information is handled in accordance with applicable data protection laws.