Associate, Portfolio Strategy

NewEdge Capital Group LLC; New York (NY); On-site; USD 85,000 - 100,000; Full time

Benefits offered by this job

Health insurance

Dental insurance

Vision insurance

Short- and long-term disability

Life insurance

Paid time off

Paid parental leave

401(k) match

Job summary

NewEdge Capital Group in New York seeks an Associate to support the Principal and Portfolio Strategy. You will guide investment strategy, set asset allocation targets for equity and fixed income models, and oversee day‑to‑day trading for roughly 70 families.

The role emphasizes trading, liquidity management, and portfolio construction. You will collaborate with Relationship Managers to understand cash needs, risk tolerance, and investment appetite, and help evaluate private fund offerings.

Qualifications

• 5 years in private wealth, family office, or institutional portfolio management, with preferred trading experience
• Genuine interest in investing and markets
• Working knowledge of rebalancing, tax‑aware trading, and cash management
• Strong Excel skills
• Attention to detail, comfort with volume, ownership, clear communication
• Bachelor’s degree in finance, economics, or a related field

Responsibilities

• Build investment proposals with PowerPoint for prospects and client reviews, ensuring accuracy of numbers and statements
• Prepare talking points and backup for the Principal and Advisors, join client meetings when asked
• Trade and rebalance to model targets on Schwab and Fidelity with tax-aware lot selection and wash-sale awareness
• Forecast liquidity for calls, distributions, taxes, and spending to ensure cash for near-term needs
• Translate each family’s risk tolerance into implementable portfolio constraints
• Prepare trades for review (about 99% are reviewed) and support the Principal’s investment work
• Support diligence on private funds (PE, real estate, private credit, hedge funds) and recommend commitment sizing for illiquid investments
• Handle complex structures across trusts, LLCs, and multi-EIN family entities
• Monitor drift, reconcile positions, document decisions, and escalate exceptions early
• System Experience: FactSet, Proprietary Portfolio Rebalancer, Orion/Addepar, Schwab, Fidelity, Excel, PowerPoint, Word

Skills

Excel

Attention to detail

Communication

Portfolio management

Trading experience

Education

Bachelor’s degree in finance or related field

CFA charter progress preferred

Tools

FactSet

Proprietary Portfolio Rebalancer

Orion/Addepar

Schwab

Fidelity

Excel

PowerPoint

Word

Job description

Our clients are complex and highly transactional. The Associate supports the Principal, Portfolio Strategy, who guides the team’s investment strategy, sets asset allocation targets for our equity and fixed income models, and oversees day‑to‑day trading for roughly 70 families.

The role has two core demands. The first is trading and liquidity management: we fund about 2,000 capital calls a year, and every obligation must be raised in a way that keeps the portfolio aligned with targets. The second is portfolio construction: you build the investment proposals we present to prospects and to existing clients in quarterly reviews. Creative, proactive, and solutions-oriented thinking is critical to success.

You will also work with Relationship Managers to understand each family’s cash needs, risk tolerance, and investment appetite, and help evaluate private fund offerings.

Duties/Responsibilities:

• Build investment proposals:
  • Produce PowerPoint proposals for prospects and for quarterly client reviews, covering performance, positioning, and recommended changes. We use AI tools to speed up production, and you are accountable for every number and statement in the final deck.
• Prepare talking points and backup for the Principal and Advisors, and join selected client meetings when asked.
• Trade and rebalance:
  • Execute rebalancing to model targets on Schwab and Fidelity, with tax-aware lot selection and wash-sale awareness.
• Cash Management:
  • Forecast liquidity for calls, distributions, taxes, and spending. Ensure cash is available for near term needs, while limiting excess cash.
• Partner with Relationship Managers:
  • Translate each family’s risk tolerance and preferences into implementable portfolio constraints.
• Support the Principal:
  • Prepare trades for review (about 99% are reviewed) and support the Principal’s investment work.
• Support diligence on private funds (PE, real estate, private credit, hedge funds) and recommend commitment sizing for illiquid investments.
• Handle complex structures:
  • Work across trusts, LLCs, and multi-EIN family entities.
• Monitor drift, reconcile positions, document decisions, and escalates exceptions early.
• System Experience:
  • FactSet, Proprietary Portfolio Rebalancer, Orion/Addepar, Schwab, Fidelity, Excel, PowerPoint, Word

Qualifications:

• Required:
  • 5 years in private wealth, family office, or institutional portfolio management, with preferred trading experience
  • Genuine interest in investing and markets
  • Working knowledge of rebalancing, tax‑aware trading, and cash management
  • Strong Excel skills
  • Attention to detail, comfort with volume, ownership, clear communication
  • Bachelor’s degree in finance, economics, or a related field
• Preferred:
  • Experience with Addepar reporting system
  • Understanding of alternative asset classes and risk factors
  • Progress toward CFA Charter strongly preferred

Salary: $85,000 - $100,000, based on experience

About the Organization Who We Are:

NewEdge Capital Group provides best-in-class technology-enabled solutions and support services to financial advisors and their clients. Comprised of NewEdge Wealth, NewEdge Advisors, and NewEdge Securities, they have over $120 billion in client assets and support over 450+ financial advisors servicing several thousand households, family offices and institutions comprising more than 75,000 client accounts.

What We Offer:

NewEdge Capital Group offers a comprehensive benefits package to eligible employees, including

• Compensation includes a competitive base salary, with the opportunity to qualify for bonuses or commissions based on the position.
• health, dental, and vision insurance
• short- and long-term disability coverage
• life insurance
• paid time off
• paid parental leave
• 401(k) match (subject to applicable waiting periods)
• additional voluntary and supplemental benefits to elect based on your needs.

EOE Statement NewEdge Capital Group, along with its subsidiaries, is an equal opportunity employer and does not unlawfully discriminate against employees or applicants for employment on the basis of an individual’s race, color, religion, creed, sex, sexual orientation, national origin, age, disability, marital status, veteran status or any other status protected by applicable law.