Portfolio Manager

Stamos Capital Partners, L.P.; Menlo Park (CA); On-site; USD 130,000 - 200,000; Full time

Job summary

Stamos Capital Partners, L.P. in Menlo Park, California, seeks a Director or Manager, Portfolio Management to run day-to-day portfolios for PCG families, coordinating across public and private markets globally and serving as their primary investment contact.

You will collaborate with Wealth Managers and research teams to implement multi-asset allocations, policy statements, and risk controls while leading reviews and communicating views to investment committees.

Qualifications

• 7+ years of multi-asset portfolio management or investment strategy experience.
• CFA charter or Level III candidate with completion expected within 12-24 months.
• Direct experience with hedge funds, private equity, and real assets.

Responsibilities

• Own asset allocation, implementation and rebalancing for a book of family portfolios across asset classes.
• Draft and maintain each family's investment policy statement.
• Size commitments and model capital calls for private-market programs.
• Present investment strategies and performance to families.
• Help develop macroeconomic outlook and shape model portfolios.
• Develop tax-sensitive investment strategies and manage risk for concentrated positions.
• Oversee trading, reporting accuracy, and compliance.
• Support new-client presentations and portfolio proposals.

Skills

Multi-asset portfolio management

Investment strategy

Quantitative analysis

Investor presentations

Liquidity management

Portfolio construction

Education

Bachelor's degree in economics/finance

CFA charter or Level III candidate

MBA (preferred)

Tools

Addepar

Orion

Bloomberg

Burgiss

Job description

About Stamos Capital Partners and the Partner Capital Group

Stamos Capital Partners, L.P. (“SCP” or the “Firm”) is an independent, privately owned investment management firm with more than $7.6 billion in assets under management. Our primary mission is to serve high-net-worth individuals, family offices, private foundations, endowments, trusts, and other clients that share the Firm’s core values. We seek to preserve and build wealth for our clients and investors through sophisticated, multi-asset class investment solutions on a global basis.

The Partner Capital Group (“PCG”) is the firm's wealth management group: a focused internal team that treats each of our investment families or endowments as a “partner”, offering institutional-quality solutions, public- and private-market access on a global basis, and integrated planning.

As a member of the Firm’s PCG team, you will play an active role in (a) understanding the objectives of our investment partners, (b) developing and communicating the Firm’s macroeconomic and asset allocation views, (c) assisting in developing investment strategies based on these views and objectives, and (d) communicating the performance of these strategies relative to these objectives.

Title:

• Director, Portfolio Management
• Manager for a highly-qualified, but less experienced hire

Reports to:Jeff Soukup and Mark Colella, Managing Partners, Partner Capital Group

Location:Menlo Park, California; in-office

Type:Full-time, exempt

The Role:

The Director or Manager, Portfolio Management runs the day-to-day activities of the investment portfolios for a dedicated group of PCG families and serves as their primary contact for all investment activities. We view our clients as partners, working hand-in-hand with us on the decisions that shape their portfolios. This role brings that partnership to life, delivering institutional, portfolio management to each family: multi-asset allocation in the context of a macroeconomic view, manager selection, and disciplined risk management. Your job is to lead (in many cases) and coordinate (in all cases) these functions on behalf of our investment partners. You will do this across public and private markets on a global basis.

You will work closely with the PCG Wealth Managers, who lead planning, and with the firm's other investment and research teams that manage the day-to-day functions of many of the Firm’s funds-of-funds and direct investment funds.

What You Will Do:

• Manage Portfolios. Own asset allocation, implementation and rebalancing for a book of family portfolios across fixed income, absolute return, equity hedged, public equity, private equity, and real assets asset classes. In addition to understanding each family or foundation’s investable assets, you will also understand their total assets and the role each plays in meeting their overall financial objectives.
• Write, Maintain and Adhere to Investment Policies. Draft and maintain each family's investment policy statement, reflecting goals, risk tolerance, liquidity, taxes and time horizon.
• Help Coordinate and Oversee Private-Market Programs. Size commitments, model capital calls and distributions, manage liquidity and track vintage-year pacing for each family.
• Lead Portfolio Investment Reviews. Present investment strategies and performance and attributions to families; explain market views clearly and candidly.
• Contribute to Research. Help develop and update the Firm’s macroeconomic outlook. With this as a key input, analyze investment solutions, prepare investment committee materials, and help shape PCG model portfolios.
• Manage Tax Strategies and Investment Concentration. Along with the Firm’s Wealth Managers and, where appropriate, outside tax advisors, develop and implement tax-sensitive investment strategies (including tax-loss harvesting strategies) and risk management solutions for concentrated positions.
• Own the Portfolio Details. Oversee trading, reporting accuracy, and compliance across the book.
• Help Support a Growing Practice. Support new-client presentations, analyze and build proposed portfolios for prospective families, and transition legacy holdings.

What You Bring to Our Investment Partner Relationships:

Required

• 7+ years of multi-asset portfolio management or investment strategy experience for families, endowments, foundations, or OCIO clients
• CFA® charter or Level III candidate with completion expected within 12-24 months
• Direct experience with alternative investments including hedge funds, private equity, and real assets
• Strong quantitative skills and deep experience with portfolio construction, performance attribution, and liquidity management
• Experience presenting to sophisticated investors
• Bachelor's degree in economics, finance, or a related field

Preferred

• MBA or graduate degree in finance, economics, or tax
• Additional investment management credentials (such as CFP® certification or CAIA® designation) or interest in pursuing advanced on-going education
• Series 65 (or Series 66)
• Experience at an OCIO, endowment, multi-family office, or private wealth investment team
• Experience with Addepar, Orion, Bloomberg, Burgiss and similar platforms

Who Thrives Here:

You think like an endowment CIO and communicate like a trusted advisor. You want to own outcomes for real families, not just build models. You are just as comfortable discussing investment and portfolio strategies with a family's investment committee as you are dealing with the management of a private fund capital-call schedule.

Compensation:

Competitive total compensation including base salary (Director range: $150,000 - $200,000; Manager range: $130,000 – $160,000), annual discretionary performance bonus, and a comprehensive benefits package.