Management Associate, Portfolio Management

Glenmede Trust Company; Philadelphia (Philadelphia County); Hybrid; USD 65,000 - 90,000; Full time

Benefits offered by this job

Health and welfare benefits includingH

Voluntary benefits

Company commuter benefits

Generous paid time off and parental/le

Job summary

Glenmede Trust Company in Philadelphia, PA, seeks a Management Associate to support a team of Relationship Managers and investment professionals in daily portfolio management and client service. This hybrid role offers exposure to holistic wealth management and a path toward CFA/CFP designations, with in-office three days a week in Philadelphia.

You will assist with portfolio construction, client communications, CRM data, and coordination with tax and planning departments, contributing to client

Qualifications

• 0–5 years of investment experience.
• Preference for CFA/ CFP progress toward designation.
• Advanced knowledge of Microsoft Office and CRM IT applications.
• Strong teamwork and communication skills.
• Ability to handle multiple tasks and maintain client confidentiality.

Responsibilities

• Support portfolio managers with asset allocation, construction, and strategy-specific investments.
• Assist in client communications and meetings, draft correspondence and update CRM notes.
• Review daily reports and help prepare client meeting materials.
• Participate in business development activities and firm initiatives.
• Collaborate with planning, tax, and advisory teams to meet deadlines.

Skills

Portfolio management support

Client service

CRM systems

Microsoft Office

Communication

Tools

CRM software

Investment platforms

Job description

If you are unable to complete this application due to a disability, contact this employer to ask for an accommodation or an alternative application process.

Full Time Exempt Philadelphia, PA, US

7 days ago Requisition ID: 1409

For more than 65 years, Glenmede’s independent ownership, innovation and unwavering commitment to our clients have made us a trusted partner for private wealth, endowment & foundation, and investment management clients.

Our people are invaluable. Through a team-oriented environment, your knowledge, expertise and varied backgrounds contribute to thoughtful innovation. Our culture foster opportunities for continuous career growth and development in all areas of the organization. Working at Glenmede, you will experience the infrastructure and resources of a large firm combined with the client and employee focus of an independently owned boutique.

Private Wealth: Empowering the confident pursuit of purpose, passions and legacy through integrated wealth management.

To us, wealth is not static or one-dimensional. The complexities of wealth management require an integrated approach to anticipating, understanding and addressing unique client circumstances. Our team of experts partners with every client to personalize solutions that lead to exceptional outcomes. Our success is determined by the success of our clients.

This position will operate in a hybrid work environment, 3 days per week in the office (Philadelphia, PA).

OVERVIEW

The primary function of the Management Associate is to support a team of Relationship Managers, Portfolio Managers and investment specialists in the daily execution of portfolio management responsibilities and the respective daily client service requirements. The role is an integral component of the relationship team and will provide a broad landscape from which to learn the application of holistic, goals-based wealth and investment management. The Management Associate position is intended for an individual with an interest in portfolio management, construction and implementation for private clients.

RESPONSIBILITIES

Portfolio Management and Investments

• Assist Portfolio Managers in the management of client portfolios. This includes analysis of asset allocation, portfolio construction, and strategy-specific investments to ensure that portfolios are aligned with the client’s wealth objectives, investment policy guidelines and Glenmede’s best thinking.
• Analyze asset-specific data to formulate perspectives around asset allocation, portfolio construction, and strategy specific investments.
• Synthesize data into observable messages around style/sector tilts, geographic concentrations, performance drivers, risk contribution, and company-specific information.
• Actively participate in internal investment meetings, including morning update, Investment Policy Committee (IPC), and manager/strategy updates by the Manager Research Group (MRG).

Relationship Management and Client Service

• Proactively and independently handle routine to moderately complex client (internal and/or external clients) inquiries as part of the relationship management team.
• Respond to client requests or proactively identify potential issues in the normal course of business, undertake research or take needed action to resolve (with guidance from senior officers where appropriate) and keep all relevant parties informed.
• Cover situations that arise when other team members are out of the office.
• Act as initial point of contact for client and internal communications, manage information flow, prioritize needs, assist with and draft communications, as required.
• Participate in client meetings and conference calls, as requested.
• Assist relationship management team in maintaining client information and communications in the client relationship management (CRM) system in accordance with firm best practices.
• Develop a strong foundational understanding of wealth management topics including; financial, estate and income tax planning.

Portfolio and Account Administration

• Review daily reports (e.g., transaction, overdraft, bond maturity) for possible investment implications.
• Assist in preparation of presentation materials for client meetings.
• Coordinate with wealth planning, wealth advisory, tax, or other departments to ensure deadlines are met.
• Develop an understanding of middle and back office functions and processes and how they apply to data and systems used in the management of portfolios.
• Assist with firm compliance and regulatory reviews as a means to reduce firm-level risk and the employment of portfolio management best practices.

Business Development

• Attend Glenmede sponsored events as requested.

Firm Building

• Active engagement in department-specific and firm-wide initiatives in order to expand capabilities, create solutions to unmet business needs, improve client experience, or develop more efficient processes.
• Ability and willingness to contribute to the advancement of team, office and business capabilities.
• Other duties as required by the position.

REQUIRED QUALIFICATIONS

• 0-5 years of experience in an investment environment.

PREFERRED QUALIFICATIONS

• Interest in or progress toward CFA or CFP designations is preferred.
• Advanced knowledge of Microsoft Office and ability to adapt to investment and CRM-oriented IT applications.
• Superior team orientation.
• Self-starter with a great deal of initiative.
• Excellent written and verbal communication skills.
• Full understanding of client privacy and confidentiality.
• Proven competence in the following: ability to work well under pressure; detail-oriented, particularly with financial calculations; organizational and problem-solving skills; ability to multi-task and prioritize work.

Headquartered in Philadelphia, PA, Glenmede has 9 office locations in the US. For further information, please visithttp://www.glenmede.com .

Our Benefits Overview:

-Competitive health and welfare benefits, including company HSA contributions

-Numerous voluntary benefit choices available

-Company subsidized commuter benefits

-Generous paid time off, including parental leave

Glenmede is an equal opportunity workplace and is committed to ensuring equal employment opportunity without regard to any legally protected characteristics. To learn more about Glenmede’s policy on equal employment opportunity, please visithttps://www.glenmede.com/equal-opportunity-employer/ .