Associate Portfolio Manager

About Wealth Enhancement Group

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 61,000 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 San Marino office in LA is looking to hire an Associate Portfolio Manager. The Associate Portfolio Manager role is responsible for assisting the investment strategy team to provide investment and portfolio research to enhance the investment selection and communication process to team advisors and operations. Under supervision, this role will conduct market research as instructed and complete daily portfolio management workflows. Successful Associate Portfolio Managers are given greater responsibility and input into decisions with the ultimate goal of growing into a Portfolio Manager role.

The salary target for this role is $90,000 - $120,000 depending on experience.

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

Research individual securities, sectors and industries as directed and present findings

• Conduct analysis on individual securities such as stocks, bonds, and ETFs.

• Learn and implement custom models using platforms such as FactSet and other portfolio management tools.

• Present findings in oral and/or written form to appropriate individuals or groups

Securities Trading

• Conducts daily trading, including portfolio set-up and maintenance

• Set-up trades for block trades

• Communicate and execute all trade with proper counter parties

• Fulfill trade requests from advisor team

• Trade error resolution

• Attain and maintain expert level knowledge with Orion and other software

• Work with external custodians trading platforms

• Monitor Trading Performance

Portfolio Operations

• Oversee anything that affects our portfolio management

• GIPS Compliance

• Software updates and troubleshooting as needed

• Trade Reconciliation

Integrate with investment team to develop and maintain a deep understanding in the team’s custom investment strategy and a general understanding of broader strategies available

• Contribute to team meetings/discussion by sharing insights based on personal experience and expertise

• Seek to understand other aspects of investment team function to enhance the team’s depth of knowledge

Assist investment team with special projects as required

• Participation with enthusiasm in one-time special investment related projects, which will inevitably occur as a dynamic and growing firm.

Education/Qualifications

• Bachelors degree

• Progress toward Charted Financial Analyst designation required

• 3+ years of experience in Financial Services or related field

• 1-2 years of experience in portfolio management or investment research

• In-depth knowledge of all securities products

• Proficient with Microsoft Office Suite, advanced Excel skills

• Familiarity with Salesforce and Orion preferred

• Familiarity with custom models including FactSet highly preferred

• Superior verbal and written communication skills.

• Strong quantitative, financial analysis, and problem-solving skills

• Highly flexible and adaptable, with a strong attention to detail

• Proficiency in Chinese preferred

• Series 65 within first 6 months of employment

OSHA Requirement

This position requires the ability to:

• Stand or sit for long periods of time,

• File documents in high or low cabinets,

• Ability to use the telephone and computer systems for extended periods of time

• Ability to lift up to 15 lbs.

• Ability to travel independently to different regional offices.

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

• 401k – with match and profit sharing

• Health care spending and savings accounts

• Dependent care and transit spending accounts

• Wellness programs and resources

• Life and AD&D insurance – employer paid and voluntary options

• Short-term and long-term disability – employer paid

• Employee assistance plan

• Accident and critical illness

• Pet insurance

• Identity theft

• Paid Time Off

• 12 paid holidays each year

• Paid parental leave and paid caregiver leave

• Tuition reimbursement

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.