About the job
About Butler Financial Services:
Butler Financial is an independent, fee-only registered investment advisor (RIA) based in the Boulder / Denver area. We provide a range of wealth management services to our 50+ client families.
Day-To-Day Responsibilities:
- Running portfolio management reports and preparing other supplemental materials for the portfolio manager as well as for client meetings
- Building, updating, and maintaining spreadsheets to track cash balances, deposits and withdrawals, and novel portfolio characteristics
- Communicating with the Schwab institutional service team by phone and through Schwab’s online platform regarding open cases (pertaining to new accounts, account maintenance, various types of transfers of cash and securities, etc.)
- Preparing paperwork (mostly digital) and digital workflows to help clients accomplish admin tasks related to accounts & assets at Schwab (e.g., update account info, move money, set up POA, SLOAs, etc.)
- Scanning, uploading, and organizing files in Google Drive, filing or shredding hard copies
- Creating / reviewing quarterly invoices and helping with billing when needed
- Assistance with trading processes (initially cross-checking trade blotters and filing trade records, eventually potentially entering orders, building and submitting allocation files)
- Could attend (but not participate) some internal “investment committee”-type meetings and related ongoing dialogues / debates
- Compliance assistant and thus attentive to keeping this daily and weekly activity documented
- CRM - impeccable in attending to CRM related updating and details
Depending on Strengths / Passions, Long-Term Trajectory Could Include:
- Involvement with / ownership of some client relationships (in relation to financial planning, budget counseling, discussing investment strategy, or other)
- Involvement with investment research & decision-making process and/or portfolio management processes
- Building and serving your own book of business
- Content creation (podcasts, articles, books, etc.) aligned with company’s vision and marketing goals
Requirements:
- 4-year bachelor’s degree
- 2 years of investment industry experience
- Strong MS Excel skills, generally tech-savvy
- Concise, effective, and precise writing style; spelling & grammar must be strong
- Inquiring mind, both in general and with respect to investments and/or the investment industry
- Must be passionately interested in at least one area of the investment landscape, and be able to articulate views and “pitch” that approach or philosophy
- Additional related credentials (CFP, CIMA, CAIA, MBA or other) will strengthen an application
Hours & Compensation:
- Hours will be 8AM – 4PM, Monday – Friday
- Base salary will be $70k / year for initial six month probation period, then $80k
- $250/month stipend for health insurance
- Safe Harbor matching (3%) for 401k participation (eligible after six months)
Mikyo Butler’s Commentary on the Company Vision and Culture
We are a small family business, and, while we do want to grow, there are elements of “small” and “family” that we never want to lose. For us, “family” isn’t about working with blood relations but rather about building a team of people who share a long-term vision and embrace the sense that our company and our personal identities are inseparable. We go against the grain of the labor market trend towards replaceability and overspecialization. We think the best way to serve human beings and families navigating the emotionally-charged terrain of personal finance over a period of decades is to be humans first, and credentialed experts second. Though the latter is important, the former is indispensable, irreplaceable, and consistently in short supply. Similarly, “small” simply means we will never grow at a pace that endangers our ability to deliver this kind of personal human attunement and the long-term continuity. We could easily imagine growing AUM several-fold and hiring up to 7-10 additional people over the next couple of decades, so we are not opposed to the idea of growth; rather, we are committed to staying small enough to retain the following characteristics:
- Every team member knows every other team member very well.
- Every team member touches every part of the business to at least some extent.
- Every team member feels a genuine sense of ownership for the direction of their role and the company as a whole.
- Every person who joins the team finds the idea of eventually becoming an owner appealing, if not compelling; of course, partnership may not be right for everyone, but a sincere interest in potential future ownership at the outset is key.
- Every member of the team knows every client’s name. This probably inherently limits us to something like 300 client families, and we’re okay with that!
- We will always remain structured as a partnership to keep ownership within the company and incentivize partners according to the long-term fundamentals of our business (and not the ebbs and flows of the company’s valuation). We have little interest in ever being acquired, and no interest in ever going public.
