Registered Principal for Investment Operations

Baystate Financial, a dynamic Financial Planning firm, is seeking a full-time Registered Principal to join our Investment Operations Team to coordinate investment accounts openings and manage client service requests.

Responsibilities for this role include but are not limited to:

Investment New Accounts Opening

• Manage the preparation and and processing of applications for new investment accounts, including Brokerage, Advisory, Third-Party Direct accounts, Variable Annuities and Mutual Funds.
• Review suitability requirements to ensure compliance standards.
• Research and handle trade corrections, if necessary.
• Monitor account transfers and communicate with client throughout the process.
• Supervise and administer the Signature Guarantee process.

Investment Client Service

• Handle money movement requests (distributions, deposits, etc.).
• Process various investment client service requests (beneficiary changes, address updates)
• Manage annual account-related projects, e.g. RMDs, Annual Gifting, tax documents.
• Prepare review materials for Client Review and Sales meetings.
• Maintain various digital databases including client and employee contact info.

Qualifications:

• Minimum 2-4 years of experience in the financial services industry.
• Strong customer service and interpersonal skills.
• Strong verbal and written communication skills.
• Ability to multitask in a fast-paced environment.
• Strong organizational and analytical skills.
• Ability to work under minimal supervision.
• Proficiency in computer skills.
• Bachelor’s Degree and Series 7 license required.

Additional Information:

• Established insurance and investment Firm in Massachusetts.
• Branch office environment, currently working in the Boston, MA or Wellesley, MA location.
• 40-hour work week during normal business hours.
• Must pass a FINRA background credentials.

Benefits/Compensation:

• Base Salary and Bonus Potential - $75,000 (based on experience)
• 401(k) Plan with employer contribution.
• Health, dental, vision insurance offered, as well as various voluntary Group options.

Job Type: Full Time

Equal Opportunity Employer

Job Type: Full-time

Pay: $60,000.00 - $70,000.00 per year

Benefits:

• 401(k)
• Dental insurance
• Health insurance
• Paid time off
• Vision insurance

Schedule:

• Monday to Friday

Work setting:

• In-person

Education:

• Bachelor's (Preferred)

Ability to Relocate:

• Boston, MA 02210: Relocate before starting work (Required)

Work Location: In person