OVERALL FUNCTION

Solas Financial is seeking a Portfolio Associate to join their team. This individual will specialize in investment account maintenance and strategic investment planning. Specific responsibilities may include but are not limited to:

Support

• Client investment account updates and maintenance
• Monitoring industry trends and conducting necessary research
• Act as a liaison between home office and the team for providing updates

• Securities trading
• Assisting in portfolio research
• Advisory trading & model updates
• Running brokerage and advisory reports to track goal progress
• Communicating with clients to discuss trades and investment planning

Proposal and Case Preparation

• Gathering information for Wealth Management Advisor meetings with client/prospect
• Preparing advisory annual review information
• Preparing and modifying investment/advisory proposals, models and financial plans
• Recommending fund portfolio options

Processing Accounts

• Preparing and processing all paperwork needed for investment/advisory accounts
• Monitoring, processing, and following up on asset transfers and on initial and subsequent funding of advisory accounts
• Implementing initial and subsequent asset allocation trades
• Processing proposal amendments, monitoring alerts, and annual reviews in software systems
• Executing trades for new and existing advisory accounts
• Following up on and resolving all trade-related issues

Client Service

• Meeting with advisory clients for fact finding and conducting existing advisory client reviews
• Completing risk tolerance (personal profile) questionnaire with client
• Making security recommendations and modifying asset allocations for existing advisory client accounts
• Participating in client meetings for financial or investment plan development or presentation
• Corresponding with clients to handle advisory related service issues
• Contacting clients on behalf of the wealth management advisor for developing advisory plan and providing technical explanations of investment plan
• Explaining advisory products or advisory performance to existing clients
• Providing services and administering advisory products
• Running performance reports

QUALIFICATIONS

• Bachelor’s degree required
• Series licenses preferred, or willingness to obtain within first 6 months
• 3+ year of wealth management experience preferred
• Experience in securities industry with knowledge in advisory preferred
• Trading experience and ability to process personal securities transactions
• Familiarity with Microsoft applications
• Excellent oral and written communication skills
• Strong critical thinking, financial analysis, and problem-solving skills required
• Ability to manage multiple diverse projects and assignments in a timely and quality manner
• Strong attention to detail with the ability to work with a high degree of accuracy
• Demonstrated ability to maintain effective working relationships with clients and key stakeholders
• Willingness to learn
• Ability to embrace change and work in a fast-paced environment
• Able to work both independently and in a team
• Ability to maintain confidentiality