Portfolio Management Associate | Client-Focused Growth

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

Benefits offered by this job

Competitive health and welfareBenefits

Numerous voluntary benefit choices

Superior 401k match

Tuition reimbursement

Commuter benefits

Generous paid time off

Plus more!

Job summary

Glenmede, headquartered in Philadelphia, seeks a Management Associate to support Relationship Managers, Portfolio Managers and investment specialists in daily portfolio management and client service. The role offers exposure to holistic wealth and investment management and learning across the team's functions.

Based in Philadelphia with a hybrid schedule (in the office three days a week), the position emphasizes learning, collaboration, and growth within a boutique-like environment backed by a

Qualifications

• Bachelor’s degree.
• 0-5 years of experience in an investment environment.
• 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: ability to work well under pressure; detail-oriented, particularly with financial calculations; organizational and problem-solving skills; ability to multi-task and prioritize work.

Responsibilities

• 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).
• 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.
• 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.
• Attend Glenmede sponsored events as requested.
• 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.

Skills

Client relationship management

Portfolio analysis

Investment knowledge

Team collaboration

Communication skills

Education

Bachelor’s degree

Tools

Microsoft Office

CRM IT applications

Job description

Glenmede, headquartered in Philadelphia, seeks a Management Associate to support Relationship Managers, Portfolio Managers and investment specialists in daily portfolio management and client service. The role offers exposure to holistic wealth and investment management and learning across the team's functions.

Based in Philadelphia with a hybrid schedule (in the office three days a week), the position emphasizes learning, collaboration, and growth within a boutique-like environment backed by a