Job ID: AFA602 Location: Montpelier, Vermont Status: Full time
Firm Summary
We are excited to be expanding our presence in Vermont, and are looking for talented individuals to join our team. You must be able to work daily in Montpelier, Vermont in order to perform this role.
Headquartered in Burlington, Vermont, One Day In July is a rapidly growing, award-winning investment firm committed to disrupting the financial industry with a focus on reducing fees and improving portfolio performance for investors.
One Day In July provides investment management and fiduciary financial advice, generally focused on index funds, to clients in Vermont and across the United States. We assist clients by assessing their existing asset portfolios and providing them actionable recommendations.
We are seeking highly motivated candidates with a passion for learning about the investment industry and engaging with clients.
Click here to read about our firm's culture and priorities.
Job Description
As an Associate Financial Advisor, you will be responsible for helping the firm onboard new clients and manage existing client relationships. You will be working directly with clients. Working closely with our Investment Desk, you will review unique investment situations and rebalance accounts. You will utilize proprietary software and construct spreadsheets. You must be an organized person. Note that the financial industry involves significant paperwork.
You need to have or obtain a Series 65 or equivalent set of licenses prior to starting this role. Learn more about licensing here. Contact us at careers@onedayinjuly.com if you have questions.
This position offers ample opportunity for growth, making it an ideal fit for candidates looking to expand their knowledge and pursue a new challenge.
We will provide extensive on-the-job training and several paths for advancement.
In this role, you will:
Work directly with new and existing clients.
Analyze client asset allocations.
Look to reduce client taxes incurred.
Process paperwork and other client requests.
Give each client situation careful attention and scrutiny.
Work with the Investment Desk to coordinate trading and rebalancing.
Construct spreadsheets.
Utilize CRM to carefully manage client portfolios and keep detailed records.
Answer questions and help train new advisors and staff members.
Will you need to solicit clients externally?
No. This is a house advisor position, and you will not be expected to solicit clients. If you do bring in clients on your own, there is a generous commission for doing so. (Note that we are fiduciaries. Only clients pay us, and they can see clearly what they pay. This is NOT commission for selling products.)
You will be expected to help close leads from new prospects who have contacted us about joining the firm.
Qualifications
You hold a Series 65 or equivalent set of licenses.
Be an excellent communicator, both written and verbal.
Have an interest in investing, finance, and economics.
Possess a positive attitude, tremendous grit, and the ability to prioritize.
Enjoy cultivating and managing long-term relationships with clients.
Be skilled at developing trust with clients.
Demonstrate excellent Microsoft Excel skills.
Maintain a high standard for client service, attention to detail, and documentation.
Be proactive: identify opportunities and problems and take them to the next level without being asked.
Be able to “wear multiple hats” and quickly adapt to changing priorities.
Focus on processes and controls with the ability to assess risk.
Have a commitment to maintaining confidentiality and ethical standards.
Share our firm’s mission and investment philosophy of lowering fees and espousing the value of diversified, low-cost index funds.
What's in it for you?
One Day In July is a rapidly growing investment firm. If you have the drive to learn and execute effectively, there is significant room for growth and advancement.
Feel great about offering an honest, transparent solution to Vermonters and Americans trying to save for retirement. One Day In July is a fiduciary: we are legally and ethically obligated to act in our clients’ best interest. (Only 12% of people registered with the securities industry are registered in a way that requires them to be fiduciaries on all accounts.1)
Win on price: our prices tend to be lower than many of our competitors' prices. It is fun to be in a firm that is winning and taking market share.2
Join an established but rapidly growing firm with a variety of career paths for associates.
Enjoy a low-meeting culture.
Be part of a friendly, hardworking team that prides itself on mutual respect for one another.
Develop mastery of subject areas that help clients and other employees.
Enjoy a beautiful office near the Burlington waterfront while spending Fridays working from home if desired. (Work-from-home Fridays are not available in the first six months due to training.)
Salary
Base Salary: $70,000
Commission: Over time, a commission program that can more than double to triple base salary for diligent, hard-working Advisors. Part one of the commission program is available from start, assuming you have your license. The second part is available in years three plus and requires promotion to Financial Advisor. (Note that we are fiduciaries. Only clients pay us, and they can see clearly what they pay. This is NOT commission for selling products.)
Hours / In-Person & Remote
This job is full time.
This job is primarily in-person in Burlington, VT, although you may work from home Fridays after the initial intensive training period ends. This is generally about 6 months.
You must have a Series 65 license to perform this job. You will have 4 months to obtain a license. Exam study hours are on your own time.
Benefits
Health care plan
401k plan with low-cost index funds and One Day In July strategy embedded. No high fee funds (this matters greatly, as you’ll learn if you work here)! Available after meeting eligibility requirements.
401k match. Available after meeting eligibility requirements.
Paid vacation. Number of weeks commensurate with experience. Includes the luxury of being required (yes, required) by the firm’s founder to disconnect from work on your vacation days.
An excellent Mac laptop with a fast processor and retina screen, a sit-down / stand-up desk, plenty of space to work comfortably, relatively private work areas, and other resources for top productivity. Our employees are not cogs in a machine and we don’t treat them that way.
A plant for your desk. (Sometimes it’s even alive.)
A cover letter in PDF format. In your cover letter, let us know what is unique about you that we should know. Additionally in your cover letter, include at least one paragraph explaining what makes you stand out from other applicants. We are looking for previous demonstrations of excellence and commitment, and the more granularity you can provide, the better.
In addition to your cover letter, submit a one-page, single-spaced PDF. On the top half, provide a brief argument explaining why someone should consider becoming a client of One Day In July. On the bottom half, share a recent experience where you learned something new and achieved a level of excellence that enabled you to teach others. Provide insight into the process used to acquire this skill.
The Job ID at the top of this posting should start the subject line of your email.
We respond to all diligent applicants. We keep all applications private.
One Day In July LLC is an equal opportunity employer.
1. “FINRA 2023 Industry Snapshot” FINRA, May 18, 2023
2. Source: advisoryhq.com, "Average Financial Advisor Fees in 2023 | Everything You Need to Know" Retrieved 18 Jun 2024. The statement applies to clients with at least $150,000 in assets under management. Clients with lower assets under management are subject to a minimum annual advisory fee that may not be lower than that of our competitors'.
