COMPANY
At Socium Advisors, we build a true partnership with our clients. Through outcome-based planning and focus on the long-term goals of our clients, we carve a path together and hold one another accountable along the way. Socium Advisors operates within the Northwestern Mutual framework uniquely offering the advantage of both a large established company and small entrepreneurial firm. Though working with other financial representatives within the Northwestern system, Socium Advisors is a growing team focused on delivering custom plans and excellent client service. Socium Advisors is committed to fostering a workplace that prioritizes innovation, growth, and employee well-being. As a supporting member of our Senior Leadership Team, you will help shape a supportive culture that promotes career development and drives business success.
OUR VALUES
Our values are important to us. At Socium our culture is based on our Core Values: Intense Momentum | Personal Responsibility | Client-Centric | Continual Innovation | Collaborative Engagement
POSITION TITLE: Portfolio Manager
CLASSIFICATION: Exempt | On-Site, Mon-Fri 8:00am-5:00pm
POSITION OVERVIEW: The Portfolio Manager provides technical and client service support for Partners, Private Wealth Advisors and Advisors. This role’s main function is to support Socium’s trading and investment activities through effective trading practices for a group of clients. This position will consistently follow high standards of business and professional ethics and legal and regulatory requirements when dealing with others and/or performing work activities.
KEY ROLES AND RESPONSIBILITIES:
Execute Trades: Buy and sell securities for clients with precision and compliance. These trades are based on market analysis and established trading strategies provided by Portfolio Manager.
Client Management: Develop and execute the client’s investment plan based on the defined investment strategy of the practice (including account trading and rebalancing to target parameters)
Collaborate with Advisors: Develop and refine investment strategies tailored to client objectives and risk profiles
Communicate with Clients: Speak directly with clients to explain the “why” behind trade recommendations, including market context, risk considerations, and expected outcomes.
Monitor Performance: Monitor market conditions, portfolio performance, and trade activity to ensure optimal execution and alignment with client goals.
Manage Risk: Assess and manage the risks associated with trades to minimize potential losses.
Monitor Trends: Maintain strong understanding of global markets, macroeconomic trends, and investment vehicles.
Compliance: Ensure all trading activities comply with regulatory requirements and internal policies; Keep meticulous records of trading activity and prepare performance reports for clients or management no IP violations (i.e.; cash reports, asset allocation drift, high cash, concentrated positions reporting)
Support: Provide trade support, reporting, and documentation for compliance and client review purposes.
Research: Contribute to investment research, idea generation, and tactical allocations shifts as needed.
Conduct market analysis: monitor market trends, economic indicators, and breaking news to identify trading opportunities
REQUIRED QUALIFICATIONS:
Bachelor’s degree in finance, economics, or related field (MBA or CFA preferred)
3+ years of experience in trading or portfolio implementation within a wealth management, RIA, or asset management environment.
Strong communication skills with the ability to simplify complex financial concepts for clients.
FINRA Series 7 and 66 (or 63 & 65) licenses required.
Insurance licensing: Missouri Life and Health (must obtain within 30 days of start date)
Deep understanding of financial markets, trading systems, instruments (derivatives, options), trading strategies, and investment products
High attention to detail, integrity, and a client-first mindset.
Experience with platforms such as Bloomberg, FactSet, or similar trading tools a plus.
Emotional control and discipline to stick to strategy and manage emotions like fear or greed to avoid impulsive trades.
Ability to adapt to a market that is constantly changing
Microsoft 365 proficiency (i.e.; Excel, Word, CRM, etc.)
Must be at least 21 years of age or older
Legally authorized to work in the United States
Ability to clear an extensive FINRA background screening which may include, but is not limited to, criminal background checks (local, state and federal), credit check, education verification, skills assessments, interviews, and personality profile (behavioral assessment).
Minimal travel may be required for planning meetings and retreats
SUCCESS FACTORS:
Ability to adhere to the firm’s Core Values
A high level of customer-centricity
Strong work ethic
Strong team player with the ability to adapt to diverse team members
Ability to work effectively with people of all positions
A high level of confidentiality and discretion
Excellent verbal and written communication skills
Detail-oriented – a high level of attention to detail is required
A high level of time management, initiative, accountability, and prioritization skills
Self-motivated, goal-oriented, and driven to accomplish department goals
Ability to be organized, problem-solve, and be solution-oriented under pressure
Proficient in Microsoft Office (Word, Excel, Outlook, PowerPoint)
Proficient in diverse technology platforms to create unique documents, presentations, memos, etc.
Job Type: Full-time
Pay: From $70,000.00 per year
Benefits:
- 401(k) 4% Match
- Dental insurance
- Employee assistance program
- Flexible spending account
- Health insurance
- Health savings account
- Life insurance
- Paid parental leave
- Paid time off
- Referral program
- Vision insurance
Work Location: In person
