Job ID: 009IND Location: Burlington, Vermont Status: Full time
Firm Summary
We are excited to be expanding our headquarters in Burlington, Vermont, and are looking for talented individuals to join our team.
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.
Click here to read about our firm's culture and priorities.
Job Description
As an Investment Desk Associate, your primary responsibility will be executing trades within client accounts. This trading largely involves rebalancing client asset allocations and reviewing unique investment situations. You will work closely with our advisors and sometimes directly with clients. You will utilize proprietary software and construct spreadsheets to execute trades. You will report to the firm’s Founder/CEO, Dan Cunningham.
You do not need prior financial industry experience, but you do need to obtain a Series 65 or equivalent set of licenses prior to starting this role. The Investment Desk Associate role involves making real-time asset allocation decisions within client portfolios. While no prior industry experience is required, you must have a keen interest and strong understanding of finance and economics and be able to apply that knowledge to real world scenarios.
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:
Trade and rebalance client accounts.
Look to reduce client taxes incurred.
Process paperwork and other client requests.
Construct spreadsheets for trading and sometimes for clients.
Utilize our CRM to carefully manage client portfolios and keep detailed records.
Answer questions and help train new advisors and staff.
On occasion, work directly with clients.
Qualifications
You hold a Series 65 or equivalent set of licenses.
Have an interest in finance and economics.
Be an excellent communicator, both written and verbal.
Demonstrate excellent Microsoft Excel skills.
Maintain a high standard for attention to detail and documentation.
Be eager to learn (hopefully a quick learner at that).
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 understand and assess risk.
Possess a positive attitude, tremendous grit, and ability to prioritize.
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?
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.
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 not available in the first six months due to training.)
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 first 6 months.
Salary
$70,000+ commensurate with experience.
Benefits
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.
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.
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.
Health care plan.
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, describe a situation where you identified a problem or inefficiency and developed a solution or a time where you had to challenge an established process or policy. What was the problem, how did you approach the situation, and what was the result? 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'.
