The Mutual Fund Trader will work in a call center environment taking approximately 30-50 inbound calls per day from Financial Advisors, their assistants, and their clients. Traders will make outbound calls to Advisors regarding trades and trade corrections for Mutual Funds, UITs and Precious Metals. Traders must be able to understand multiple products and the risks, fees, and differences between the products. Traders must also understand and be able to explain the regulatory requirements and LPL Financial policies that govern the products we support and ensure compliance with product guidelines, LPL Financial policies and regulatory requirements.
Accurately enter all trade orders in a timely manner without error across multiple trading platforms. (ClientWorks Online MutualFund Trading platform, BETA, FideliTrade, UIT sponsor online systems).
Maintain knowledge of various products and be able to explain the differences between the products to advisors, clients and internal business partners.
Ensure compliance with regulatory requirements.
Support internal business partners with executing trades (Transfers, Managed Platforms, Research, etc).
Support contingency plans to support system outages (including processing large volumes of trades via macro processing into our backend trading system). Support LPLs volume contingency plan (VCP) by training and supporting Equity Trading and Enhanced Trading in a VCP capacity.
Provide advisors with information regarding sales and ticket charges, fund eligibility and LPL Financial processes as they pertain to mutual fund, UIT and precious metals transactions.
3 to 5 years of financial services, preferably in Trading
Series 7 and 63 required / Series 24 preferred
Strong MS Office skills required and Beta, Morningstar, Siebel, ClientWorks experience preferred
Attention to detail
Strong analytical and communication skills
Ability to work independently and within a group setting
Ability to work with other departments
Ability to handle fastpaced and deadline driven environment
Knowledge of Mutual Fund, UIT and Precious Metals markets
Knowledge of trading regulations and requirements
About LPL Financial:
LPL Financial is a leader in the retail financial advice market and the nations largest independent broker/dealer*. We serve independent financial advisors and financial institutions, providing them with the technology, research, clearing and compliance services, and practice management programs they need to create and grow thriving practices. LPL enables them to provide objective guidance to millions of American families seeking wealth management, retirement planning, financial planning and asset management solutions. LPL and its affiliates have more than 4,200 employees with primary offices in Boston, Charlotte, and San Diego.
*As reported by Financial Planning magazine, June 1996-2019, based on total revenue.
If you join LPL, you will join a culture that believes in delivering a world-class client experience and looks to all employees to contribute to that goal by sharing their creativity, experience, and passion for continuous improvement. As a destination of choice, our top priorities are growth and development, social responsibility, and financial health for our employees.
We offer competitive compensation and industry leading benefits, including a wellness facility with onsite fitness classes, healthy meal choices, and a walk-in clinic. We support employee financial health through a 401k match, ESPP, and employee discounts. Work/life balance is our foundation and is supported through paid holidays, and paid time off (including time to volunteer). We foster a diverse work environment through Employee Resource Groups and diverse strategic partnerships.
Join the LPL team and help us make a difference by turning lifes aspirations into financial realities. Please log in or create an account to apply to this position. Principals only. EOE.
Information on Interviews:
LPL will only communicate with a job applicant directly from an @lpl.com email address and will never conduct an interview online or in a chatroom forum. During an interview, LPL will not request any form of payment from the applicant, or information regarding an applicants bank or credit card. Should you have any questions regarding the application process, please contact LPLs Human Resources Solutions Center at (800) 877-7210.Posted 2 Days AgoFull timeR-009100
As the nations leading independent broker-dealer*, we offer an
integrated platform of proprietary technology, brokerage, and
investment advisor services to more than 14,000 financial
advisors and approximately 700 financial institutions, enabling
them to help their clients turn life's aspirations into financial
realities. We also support more than 4,000 other financial
advisors with customized clearing solutions, advisory
platforms, and technology.
Weve told you what we do for our customers, but what can we
do for you?
Well provide you with a work environment that encourages your
creativity and growth, a leadership team thats supportive and
responsive, and the opportunity to create a career that has no
limits, only amazing potential.
*As reported by Financial Planning magazine, June 1996-2017,
based on total revenue.