Aimed at mid-level professionals in equity trading and research who can operate independently within a team.
Derived from job-description analysis by Serendipath's career intelligence engine.
Original posting from Allworth Financial via Greenhouse
About Allworth Financial
Allworth Financial (www.allworthfinancial.com) is an independent investment advisory firm providing full-context wealth planning solutions. The firm brings together investment, tax, retirement, estate, and other financial considerations to help clients evaluate decisions in the context of their whole financial lives.
Founded in Sacramento, California, in 1993, Allworth Financial is a high-growth, private equity-backed, multibranch registered investment adviser. Allworth is primarily a fee-based fiduciary advisory firm that emphasizes client well-being and education. The firm continues to expand through acquisitions and organic growth.
Allworth is a great place to work and build a career. The firm ranks among the top 15 on Barron’s Top 100 RIA Firms list, has a historical client retention rate of 97%, and is a National Business Research Institute (NBRI) Circle of Excellence Award winner. Learn more at AllworthFinancial.com.
SUMMARY:
This role has two functions: equity trading and research. This person’s equity trading role includes being part of Allworth's in-house equity team and will have discretion and decision-making authority related to trading and rebalancing modeled client portfolios. This involves exercising judgment on tax-aware gain and loss realization, cash deployment, and position trimming, within the equity team's framework.
This person’s research role includes ongoing research for an assigned set of stocks. Coverage responsibilities include tracking fundamentals, catalysts, and relative valuation; monitoring earnings and company developments across current holdings; and screening individual names for potential inclusion in or removal from the firm's model portfolios. Research conclusions inform the portfolio managers and help shape the holdings.
DUTIES AND RESPONSIBILITIES:
Trading and Portfolio Implementation (approximately 75%)
Execute account-level rebalancing to target models, exercising judgment on tax-aware gain and loss realization and position trimming.
Determine the best place to invest or raise cash according to the model, considering factors such as sector allocation and security selection.
Review and approve tactical rebalances in the firm's portfolio management and rebalancing platform, supplementing with manual analysis where system logic falls short.
Maintain account-level trading notes, restrictions, and goals with a high level of accuracy.
Support onboarding of new accounts into flexible models, including documentation of tax budgets, restrictions, exclusions, and cash targets.
Equity Research (approximately 25%)
Cover an assigned set of sectors and industries on an ongoing basis, tracking fundamentals, catalysts, and relative valuation.
Screen and evaluate individual names for potential inclusion in, or removal from, model portfolios.
Monitor earnings, company news, and sector developments relevant to current holdings.
Partner with the broader equity team on portfolio construction discussions, bringing a research perspective to trading decisions.
QUALIFICATIONS:
Three to seven years of experience in equity trading, portfolio implementation, or investment operations with direct trading responsibility.
Able to demonstrate judgment in trade decision-making, beyond order entry or rules-based execution.
Understanding of tax-aware trading considerations, including gain and loss realization, cost basis, and wash sales.
Ability to work independently while operating within team governance.
Familiarity with custodial platforms and RIA portfolio management and rebalancing systems is a plus.
Experience with fundamental or sector-based equity research.
Strong communication and collaboration skills, and comfortable working as part of a small, cross-trained team.
Advanced Excel skills and strong attention to detail.
Bachelor's degree in finance, economics, accounting, mathematics, or a related field, or equivalent work experience.
Series 65 or equivalent licensing preferred, or the ability to obtain it.
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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