Our Workgroups

We are organized into operating workgroups, rather than a traditional corporate hierarchy.

Each workgroup is headed by a team leader. These team leaders comprise our core management structure, and enable us to keep a nimble organization that has minimal layers of management but still allows for the specialization of skills that our clients demand. Below you will find descriptions of each of our workgroups to help you determine what areas of Mid Atlantic might benefit from your skill sets, and which workgroup might be of interest to you.

Brokerage Operations Workgroup

Responsible for all operations work for high net worth and retail customers. Activities include new account setup and maintenance, account transfers, receipt and delivery of securities and the processing of corporate actions. Handles operations service requests and issues resolution, and has daily interaction with Mid Atlantic’s advisors and registered representatives.

Marketing & Sales Workgroup

Relied upon by Mid Atlantic to identify and develop new relationships with independent advisors and registered representatives, retirement plan administrators, banks & trust companies, assets managers, and other core Mid Atlantic clientele. Also initiates strategic partnerships with industry business partners to generate new sources of leads and revenues. Responsible for all Mid Atlantic sales and marketing printed materials and web based content.

Institutional & Trust Operations Workgroup

Oversees all customer service and transaction processing activity for Mid Atlantic Trust Company’s businesses, including account setup and maintenance, paying agent services, reconciliation, confirmations, statements, and special requests. Has significant customer interaction and is highly service oriented.

Transaction Network Services (“TNS”) Trading Workgroup

Processing and management principally of electronic mutual fund and ETF trading via Mid Atlantic’s proprietary web based TNS system, servicing over 55,000 retirement plan and fee based advisory customer accounts, and processing over one million trades per month.

Technology Workgroup

Design, management, and maintenance of both hardware and software components of internal business infrastructure, including internet, internal networks, peripheral hardware, email, backup and disaster recovery, servers, data storage, and the like.

Development Workgroup

Development and maintenance of Mid Atlantic’s proprietary software including TNS, ETFxChange®, and ModelxChange®. Also responsible for management of third party software interfaces with Mid Atlantic’s vendors including Orion, Morningstar Office, Sterling Trader Pro, National Financial, and various trust and retirement plan recordkeeping software.

Compliance & Risk Workgroup

Interfaces with all regulatory agencies on behalf of Mid Atlantic companies, including FINRA, SEC, and state securities and banking commissions as applicable. Performs all principal supervisory activity over branches and registered representatives, as well as registration, disclosure, and general compliance. Risk management activity includes trade settlement oversight, cash and asset custody controls, SSAE 16 matters, and internal audit across all Mid Atlantic business functions.

Equity and Bond Trading Workgroup

Brokerage and trade processing across the spectrum of Mid Atlantic’s clientele, including Mid Atlantic’s financial advisor affiliates, registered representatives, and institutional clients such as hedge funds, registered investment advisors, banks and trust companies. Management of Mid Atlantic’s fixed income and equity order management systems, and interfacing with all major trade execution venues including bond and equity ECNs, floor brokers, exchanges, and market makers; executing over 2 billion shares of equity per year.

Product Management Workgroup

Works primarily with products and services applicable to high net worth and retail accounts, including Mid Atlantic’s managed separate accounts platforms, managed mutual fund and ETF platforms. Also responsible for performance reporting and related data interfaces with the back end brokerage system. Works actively with advisors and registered representatives, supporting preparation of client asset management proposals. Prepares periodic analysis of managed products along with market reports and outlook for general distribution. Manages various software used in preparation of performance reports, proposals, and portfolio analysis.

Finance & Accounting Workgroup

Responsible for finance, accounting, treasury, and cashiering functions across all Mid Atlantic companies, including commission processing and invoicing end clients for fee based business. Also performs broker-dealer and banking regulatory reporting, SSAE 16, and coordination of external audit and tax functions.

Administrative Workgroup

Serves all internal Workgroups, delivering office management and clerical functionality. Coordinates web based and in-person meetings, conferences (including Mid Atlantic annual national conference), and corporate travel.