Investment Portfolio Specialist/Para-Planner

MFG is looking for an Investment Portfolio Specialist/Para-Planner to join its growing team to service its rapidly growing client base.
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Investment Portfolio Specialist/Para-Planner

Join the MFG Team

Mersberger Financial Group (MFG) is seeking to fill a full-time Investment Portfolio Specialist/Para-Planner position.

Position Purpose

MFG is looking for an Investment Portfolio Specialist/Para-Planner to join its growing team to service its rapidly growing client base. Clients are primarily in fee-based relationships and financial planning focus will be important. The firm serves the following markets: individuals (primarily retirement planning and portfolio management), institutions (non-profits and endowments and primarily portfolio management and IPS development), and employer retirement plans (set up and administration of employer retirement plans for companies of all sizes).

Compensation will be market-based salary along with competitive bonus based on revenue/productivity. Multiple other attractive benefits will be available such as 401k with employer match, team bonus program, full health insurance, short and long-term disability, flexible scheduling, paid sabbaticals, remote work, etc.

This position would entail working in two areas of the firm’s operations. First, on the para-planning side of the position, the candidate will work with our advisor team to create, develop, and implement customized financial plans for the firm’s individual clients. This process entails collecting financial data from clients, inputting said data into the firm’s financial planning software, and creating output based on client’s goals to determine if they can achieve their financial goals. Candidate would work closely with firm’s associate financial advisors on a daily basis to manage the financial planning process of the firm.

Second, on the portfolio trading side of the position, the candidate will work closely with the firm’s Wealth Management Team and portfolio managers to execute daily trading needs of the firm. Primarily, this will entail trading new client assets into the proper portfolio as well as executing large, block trades to update existing client portfolios to account for strategic changes determined by firm’s Investment Committee. Candidate will be responsible for trading tens of millions of dollars worth of firm assets in a normal week.

Firm Background

Mersberger Financial Group was founded in 1994 and recently formed M Squared Advisory Group through a merger with another advisor firm in 2020. The firm advises on approximately $1.4 billion of assets and focuses on the markets of individuals, institutions, and employer retirement plans. Mersberger Financial Group and M Squared Advisory Group is a comprehensive wealth management firm that specializes in personalized financial planning and portfolio management as well as estate planning, tax planning, and asset protection. The firm currently consists of a team of 20 team members, 5 CFAs, 6 CFPs, and has been experiencing rapid growth the last several years, with an average annual growth rate in assets under management of over 25%. This position would work closely with the firm’s advisor and wealth management teams.

Responsibilities

Para-Planner:

  • Attending client meetings with Advisor Team as required
  • Supporting the Advisor Team in research and analysis to meet client needs and objectives
  • Supporting the Advisor Team in preparing client Financial Plans and suitability reports
  • Developing and maintaining internal relationships to help maintain business flow and meet agreed targets
  • Managing the firm’s financial planning process and ensuring all plans are created/updated in a timely fashion
  • Staying current on updates made to firm’s financial planning technology by third-party providers
  • Continuous professional development to meet regulatory requirements and personal development needs
  • The technical aspects of preparing financial plans, including:
    • Preparing and compiling financial analysis data
    • Analyzing client data and preparing cash flow analyses
    • Researching products to support recommendations
    • Compiling financial planning recommendations and suitability reports
    • Ensuring that all client requirements are followed through to the appropriate conclusion
    • Providing support for the Financial Advisor(s) allowing the Financial Advisor(s) to focus on client relationships and meeting business targets
    • Assisting the Financial Advisor(s) with client presentations and any other activities as needed

Investment Portfolio Specialist:

  • Overseeing daily trading requirements of firm, mainly implementing new client portfolios and updating existing client portfolios per direction from Director of Trading.
  • Executing block trades to update strategic portfolio allocations per direction of Investment Committee and Director of Trading.
  • Maintaining relationships with Wealth Management Team to ensure that trading requirements of firm and carried out in a timely and efficient manner.
  • Developing and maintaining workflows to ensure that trades are executed as required.
  • Overseeing firm’s cash management strategies to timely invest portfolios with excess cash.
  • Maintain knowledge of Wealthport platform, primary block trading tool.
  • Attention to detail and numbers/math focus critical to successful execution of job duties and requirements.
Benefits Offered
  • Competitive compensation that is at or above market rate
  • 401k program with employer match
  • Semi-annual team bonus program
  • Medical, dental, and vision insurance
  • Disability insurance
  • Life insurance
  • Flexible scheduling
  • Paid Sabbaticals
  • Collaborative work environment
  • Remote work option
  • Additional benefits to be discussed
Educational Requirements
  • Bachelor of Business Administration preferred
  • Series 7 and Series 66 licenses or equivalent (or committal to attain within 12 months of hire)

I'd Like to Apply For

Investment Portfolio Specialist/Para-Planner

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