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Mutual Fund Broker Jobs (NOW HIRING)

UMB Financial

Mutual Fund Accountant

Milwaukee, WI

$38K - $56K/yr

... tasks for mutual fund and collective trust clients. The Registered Fund Accounting group is ... Reconcile position quantity to the custodian and prime broker records * Investigate and resolve ...

US Bank

Mutual Fund Relationship Manager 3

Milwaukee, WI · Hybrid

$68K - $93K/yr

Four to six years of experience in a mutual fund related or brokerage industry position Preferred Skills/Experience * Ability to perform multiple tasks in a dynamic working environment with minimal ...

U.S. Bank

Mutual Fund Relationship Manager 3

Milwaukee, WI · On-site

$68K - $93K/yr

Four to six years of experience in a mutual fund related or brokerage industry position Preferred Skills/Experience * Ability to perform multiple tasks in a dynamic working environment with minimal ...

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Mutual Fund Broker information

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$60K

$89.8K

$161.5K

How much do mutual fund broker jobs pay per year?

As of Jul 26, 2026, the average yearly pay for mutual fund broker in the United States is $89,770.00, according to ZipRecruiter salary data. Most workers in this role earn between $69,000.00 and $94,500.00 per year, depending on experience, location, and employer.

Is mutual funds a good career?

A career as a mutual fund broker involves helping clients select investment funds and requires strong sales, communication, and financial knowledge. Success depends on industry experience, certifications like the Series 7, and the ability to build client relationships. It can be a rewarding field for those interested in finance and investment management.

How to become a mutual fund broker?

To become a mutual fund broker, you typically need to obtain a securities license such as the Series 7 and Series 63 or 66, which require passing exams administered by the Financial Industry Regulatory Authority (FINRA). Additionally, a background check, registration with a brokerage firm, and relevant financial knowledge or experience are usually required. Continuing education is often necessary to maintain licensing and stay current with industry regulations.

What is the 80% rule for mutual funds?

The 80% rule for mutual funds typically refers to the guideline that a fund should hold at least 80% of its assets in securities within its stated investment category. Mutual fund brokers need to understand these rules to advise clients on fund composition and compliance, especially when managing or recommending funds with specific investment mandates.

How much does a mutual fund broker earn?

Mutual fund brokers typically earn a combination of commissions, fees, and sometimes a salary, with total compensation ranging from around $50,000 to over $150,000 annually depending on experience, client base, and performance. Successful brokers with strong sales skills and industry certifications can earn higher incomes through commissions and bonuses.

What are some common challenges Mutual Fund Brokers face when helping clients build diversified portfolios?

Mutual Fund Brokers often encounter challenges such as navigating rapidly changing market conditions, ensuring clients understand the risks and fees associated with different funds, and balancing short-term performance with long-term investment goals. Additionally, keeping up with regulatory updates and the vast array of available funds requires ongoing education. Effective communication and relationship-building skills are essential, as brokers must tailor recommendations to each client's unique financial situation and risk tolerance.

What is a mutual fund broker?

A mutual fund broker is a financial professional who helps clients buy and sell shares of mutual funds. They provide advice on selecting funds that match a client's investment goals and risk tolerance. Mutual fund brokers may work for brokerage firms, banks, or independently, and they often earn commissions or fees from the transactions they facilitate. Their role is to guide investors through the process, explain fund options, and help manage portfolios for optimal returns.

What are the key skills and qualifications needed to thrive as a Mutual Fund Broker, and why are they important?

To thrive as a Mutual Fund Broker, you need a solid understanding of financial markets, investment products, and relevant regulations, often supported by a degree in finance or economics and FINRA licensing. Proficiency with trading platforms, portfolio analysis software, and financial data systems is essential. Exceptional interpersonal skills, persuasive communication, and ethical judgment help build client trust and foster long-term relationships. These skills ensure brokers can provide sound investment advice, comply with regulations, and effectively grow their client base.

What is the difference between Mutual Fund Broker vs Financial Advisor?

AspectMutual Fund BrokerFinancial Advisor
CertificationsSeries 6, Series 7, Series 63Series 65 or 66, CFP certification often preferred
Work EnvironmentBrokerage firms, securities firmsIndependent or firm-based, client offices
Primary FocusSelling mutual funds and securitiesComprehensive financial planning and advice

While both roles involve working with clients on investments, a Mutual Fund Broker primarily sells mutual funds and securities, often working within brokerage firms. A Financial Advisor provides broader financial planning services, including investment advice, retirement, and estate planning. The roles overlap in certifications and client interaction but differ in scope and focus.

More about Mutual Fund Broker jobs
What job categories do people searching Mutual Fund Broker jobs look for? The top searched job categories for Mutual Fund Broker jobs are:
Mutual Fund Broker jobs near you
Infographic showing various Mutual Fund Broker job openings in the United States as of July 2026, with employment types broken down into 2% As Needed, 89% Full Time, 5% Part Time, and 4% Contract. Highlights an 78% Physical, 7% Hybrid, and 15% Remote job distribution, with an average salary of $89,770 per year, or $43.2 per hour.
Mutual Fund Accountant

Mutual Fund Accountant

UMB Financial Corporation

Milwaukee, WI • On-site

$38K - $56K/yr

Full-time

Posted 29 days ago

Job description

The UMB Registered Fund team manages the daily accounting, tax, audit, administration, and operational tasks for mutual fund and collective trust clients.
The Registered Fund Accounting group is responsible for all functions related to the daily calculation of the net asset value for multiple mutual funds, as well as, performing the accounting, pricing, review and reconciliation functions for multiple funds such as U.S. and Foreign Equities, Bonds, Simple Derivatives, Advanced Derivatives, Bank Loans, Private Credit. The team is made up of Fund Accountant I's, II's, III's, Leads, and Managers, which handle more complex funds depending on the Fund Accountant level.
Due to growth, the Registered Fund Accounting group is hiring several new additional head count positions for Fund Accountants I, II, and III's.
Fund Accountant I: 43,000 - 62,800
Fund Accountant II: 49,510 - 72,330
Fund Accountant III: 56,890 - 83,080
How you will spend your time:
  • Oversee general ledger accounting functions for multiple funds
  • Prepare and review preliminary trial balance and NAV calculation for multiple funds
  • Monitor and analyze income and expense accruals to ensure GAAP compliance
  • Analyze corporate action application for GAAP compliance
  • Reconcile cash settlements to the custodian and prime broker records
  • Reconcile position quantity to the custodian and prime broker records
  • Investigate and resolve cash or position discrepancies by collaborating with the custodian, prime brokers, transfer agency, advisor, and/or portfolio managers/traders
  • Review and resolve trade detail exceptions to ensure transactions are accurately reflected by collaborating with the advisor/portfolio manager or trader.
  • Analyze security pricing exceptions to ensure proper prices are used in the calculation of the NAV
  • Partner with various internal/external parties to ensure compliance with SEC regulations, IRS, and GAAP reporting regulations
  • Coordinate audit materials as well as responses to audit inquiries
  • Other duties as assigned.

We're excited to talk with you if:
  • You possess a Bachelor's Degree in one of the following Accounting, Finance, Investment Banking, Economics, or International Business

* The hiring level and final pay will be based on the candidate's verified experience during the interview process
Compensation Ranges:
US Employees in California, Washington DC, New Jersey, and New York:
$47,100 - $68,600
US Employees in Colorado, Connecticut, Delaware, Illinois, Massachusetts, Maryland, Minnesota, Pennsylvania, Rhode Island, Texas, Washington, and Wisconsin:
$43,000 - $62,800
US Employees in all other states not listed above:
$38,910 - $56,990
The posted compensation range on this listing represents UMB's good faith and reasonable estimate based on its budget and what it expects to be the starting pay for this role, but the actual compensation may vary by geographic location, experience level, and other job-related factors. Please see the description of benefits included with this job posting for additional information.
UMB offers competitive and varied benefits to eligible associates, such as Paid Time Off; a 401(k) matching program; annual incentive pay; paid holidays; a comprehensive company sponsored benefit plan including medical, dental, vision, and other insurance coverage; health savings, flexible spending, and dependent care accounts; adoption assistance; an employee assistance program; fitness reimbursement; tuition reimbursement; an associate wellbeing program; an associate emergency fund; and various associate banking benefits. Benefit offerings and eligibility requirements vary.
Are you ready to be part of something more?
You're more than a means to an end-a way to help us meet the bottom line. UMB isn't comprised of workers, but of people who care about their work, one another, and their community. Expect more than the status quo. At UMB, you can expect more heart. You'll be valued for exactly who you are and encouraged to support causes you care about. Expect more trust. We want you to do the right thing, no matter what. And, expect more opportunities. UMBers are known for having multiple careers here and having their voices heard.
UMB and its affiliates are committed to inclusion and diversity and provide employment opportunities to all employees and applicants for employment without regard to race, color, religion, sex (including gender, pregnancy, sexual orientation, and gender identity), national origin, age, disability, military service, veteran status, genetic information, or any other status protected by applicable federal, state, or local law. If you need accommodation for any part of the employment process because of a disability, please send an e-mail to talentacquisition@umb.com to let us know the nature of your request.
If you are a California resident, please visit our Privacy Notice for California Job Candidates to understand how we collect and use your personal information when you apply for employment with UMB.
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