NewEdge Advisors was founded to give successful advisors more time and resources to focus on their clients and practice. One key component to executing this strategy is our differentiated approach to Investments Services. Unlike most RIA firms, who espouse their own internal research, CFA’s and portfolio construction, NewEdge Advisors partners with the industry’s leaders in each of these categories. Leveraging the immense resources, services and human capital of fund companies and custodians, we use our scale to unlock the power of partnership for our advisors, providing proven and cost-effective solutions that it would be difficult to access alone.
The Senior management team at NewEdge Advisors is looking for a highly skilled Trader and Manager to lead a team in trade delivery across our investment platform. They will provide support to Divisional Leader on administration, growth and mentorship across our team. Director will report directly to Head of Platform/Managing Director. This position would be in or near New Orleans and works from and/or reports into our Warehouse District offices.
The Director of Trading functions as a knowledge center for both internal clients, external clients and manages the Trading team of NewEdge’s RIA ecosystem. We expect to provide maximum confidence to our advisors by delivering portfolios quickly, accurately, and with scale. Moreover, the Director of Trading will be the foremost expert on all the trading and trade delivery related resources provided by our firm, strategic partnerships, tech companies and custodians. When employees and advisors have needs, the Director of Trading is a conduit to resources and answers.
Management, Strategy & Leadership
Model our firms’ Advisor-first mindset and fiduciary approach.
Provide MD/CIO with management tasks across the trading team and senior leadership across division. This will include having direct reports across trading and platform.
Become a foremost expert across trade management and trade execution technology and processes.
Assist with creation and maintenance of various departmental policies and procedures.
Excellent communication skills. Presentations, marketing content, and deliverables for staff, colleagues, clients, and recruit
Platform Sales & Advisor Recruiting
Assist with home office visits and recruiting, both remotely and in person at home office locations. Some travel to and comfort with in-person meetings required.
Facilitate solution mapping for committed recruits, understand how, when, and where to drive firm revenue using platform and solutions.
Maintain an understanding of competitor, industry trends and options.
Platform and TPAM/TAMP Trade Delivery
Understand the benefits and disadvantages or outsourced trade execution, block trading, and in turn, rep-as-PM programs across our industry.
Broad knowledge surrounding Trade management and trade execution of products from stocks/bonds/MF/ETF/notes/BD/Cusips and options.
Understand how TAMPs trade and why advisors offload trade-execution.
Assist MD/CIO with building an industry leading, disruptive investment platform through trade management and trade-execution.
Trading, Capital Markets & Rebalancer Technology
Have a solid understanding of capital markets.
A deep understanding of and experience with trade execution.
Willingness to learn and teach industry rebalancing technology.
Research and analyze FinTech tools related to trading. This could include procuring new tools that provide operational efficiency and/or advisor value.
Be our in-house expert in Orion Eclipse. Onboard and train advisors on usage of Eclipse platform with multiple custodians.
Coordinate trading and execution of all incoming trade requests for firm managed models. This involves dedicated daily time to ensure all trades are executed accurately and timely.
Coordinate large scale block trading across firm’s multiple custodians using rebalancer technology.
Assist Portfolio Managers & Traders in model analysis, rebalancing, platform maintenance, website updates, and updating trade policies and procedures.
Assist and train advisors on how to use trading platforms and technology.
Support MD/CIO in approach, management, leadership, vision, and strategy.
Be comfortable with various analytics providers such as: Morningstar, Ycharts, Hidden Levers (Orion Risk), Riskalyze, and others.
A sound understanding of rebalancer technology such as: Envestnet, Black Diamon, Folio, Orion Eclipse, RedBlack, Blaze and others.
Various responsibilities as required.
Degree in finance, finance planning, economics, business, management, or related field
Series 7 & 63
CMT, CFA, CFP, MBA, CIMA, or other advanced designations encouraged.
Several years of direct management & leadership responsibilities. Have managed a team and have experience with employees reporting to you.