Portfolio Manager

The Washington Trust Company; Providence (RI); Hybrid; USD 100,000 - 150,000; Full time

Benefits offered by this job

Comprehensive benefits package

Job summary

The Washington Trust Company is seeking a Portfolio Manager who excels in investing and client service. You will work directly with individuals and families to design customized investment strategies and provide ongoing guidance to meet their goals.

Based in Providence or Westerly with remote or hybrid flexibility within RI, MA, and CT, you will be the primary investment resource, communicating strategy, market developments, and portfolio performance to clients and the Investment Committee as

Qualifications

• Bachelor's degree in Finance, Economics, Business or related field required; advanced degree preferred.
• 7+ years in investment management or wealth management with direct client interaction.
• Experience leading client discussions and presenting portfolio strategy and performance.
• Strong knowledge of asset allocation, portfolio construction, markets, risk, and capital markets.
• Proven ability to translate complex concepts into clear client conversations; responsive to clients.

Responsibilities

• Serve as a client-facing Portfolio Manager, building trust with individuals and families.
• Lead investment discussions, explain market conditions, strategy, and risk to clients.
• Develop customized investment strategies aligned with client objectives and risk tolerance.
• Manage portfolios and coordinate with Wealth Management teams to deliver comprehensive service.
• Prepare and present portfolio reviews and maintain proactive client communications.
• Support new business development and client retention efforts through relationship expansion.
• Collaborate across Wealth Management to ensure a cohesive client experience.

Skills

Investment management

Portfolio management

Client relationships

Financial market knowledge

Communication

Asset allocation

Presentation skills

Team collaboration

Education

Bachelor's degree in Finance/Economics/Business

Job description

Washington Trust is seeking a Portfolio Manager who is passionate about investing and committed to building strong client relationships. The successful candidate will work directly with individuals and families to understand their goals, develop customized investment strategies, and provide the ongoing guidance and exceptional service that define the Washington Trust client experience.

As the oldest community bank in America, Washington Trust has built a distinguished Wealth Management business focused on delivering sophisticated investment management, financial planning, trust, and advisory solutions while maintaining an exceptional level of personal client service. We are dedicated to maintaining a collaborative and inclusive work environment that supports a strong and distinctive culture.

We are seeking an accomplished, client-focused investment professional who combines strong investment and portfolio management expertise with the ability to cultivate trust and garner lasting client relationships. The ideal candidate will have 7 or more years of investment management experience, including meaningful experience working directly with individuals and families with complex investment needs.

The Portfolio Manager will serve as a primary investment resource and trusted advisor to clients, responsible for understanding their financial objectives, constructing and managing portfolios aligned with those objectives, and clearly communicating investment strategy, market developments, portfolio positioning, and performance.

This position may be based in Providence or Westerly, Rhode Island, with remote or hybrid flexibility within Rhode Island, Massachusetts, and Connecticut, subject to business needs.

Key Responsibilities

• Serve as a highly visible, client-facing Portfolio Manager, developing trust and fostering long-term relationships with individuals and families.
• Provide proactive, high-impact client service designed to exceed expectations, deepen relationships, and support long-term client retention.
• Lead investment discussions with clients, clearly communicating market conditions, investment strategy, asset allocation, portfolio positioning, performance, and risk across varying levels of investment sophistication.
• Develop and implement customized investment strategies consistent with each client's objectives, risk tolerance, liquidity needs, time horizon, and broader financial goals.
• Manage client relationships and investment portfolios while maintaining a comprehensive understanding of each client's financial circumstances and objectives.
• Construct and manage portfolios consistent with the firm's investment philosophy and Investment Committee guidance while appropriately reflecting individual client needs.
• Conduct periodic account and investment reviews and proactively identify changes in client circumstances that may require adjustments to investment strategy or portfolio positioning.
• Partner with Trust professionals, Financial Planning, Tax, and other Wealth Management specialists to deliver a coordinated and comprehensive client experience.
• Effectively utilize financial planning tools and concepts to better understand client needs and connect investment strategy to broader wealth management objectives.
• Actively participate in and contribute to Investment Committee discussions, bringing informed market perspectives, investment ideas, and client insights to the broader investment team.
• Monitor portfolio performance and make appropriate adjustments consistent with client objectives and the firm's investment philosophy.
• Maintain a strong understanding of capital markets, economic conditions, investment products, portfolio construction, and relevant regulatory developments.
• Prepare and deliver thoughtful, professional investment presentations and portfolio reviews for clients and prospects.
• Actively support new business development and client retention efforts, including prospect meetings, relationship expansion, asset consolidation, and opportunities to deepen existing relationships.
• Collaborate effectively with colleagues across Wealth Management and contribute to a culture of accountability, teamwork, integrity, and exceptional client service.

Qualifications

• Bachelor's degree in Finance, Economics, Business, or a related field required. Advanced degree preferred.
• Minimum of 7 years of relevant investment management, portfolio management, or wealth management experience, including significant experience working directly with individuals and families.
• Demonstrated experience in a client-facing investment role, including leading investment discussions, presenting portfolio strategy and performance, and developing trusted client relationships.
• Strong knowledge of asset allocation, portfolio construction, equity and fixed income markets, investment products, risk management, and capital markets.
• Proven ability to translate complex investment concepts into clear, confident, and understandable client conversations.
• Demonstrated ability to manage multiple complex client relationships while maintaining a consistently high level of responsiveness and service.
• Experience working collaboratively within a broader Wealth Management model that may include Financial Planning, Trust and Estate Services, Tax, and other advisory disciplines.
• Demonstrated commitment to client retention, relationship development, and new business growth.
• Strong analytical, organizational, communication, presentation, and interpersonal skills.
• Ability to work independently while contributing effectively within a collaborative investment and client-service organization.
• CFP® designation strongly preferred. CFA, CAIA, or other relevant industry credentials are also valued.

Compensation

A good-faith, reasonable estimate of the base salary range for this position is $100,000 to $150,000, depending on factors including experience, investment expertise, demonstrated client relationship capabilities, education, professional designations, and other qualifications.

Base salary represents one component of Washington Trust's overall compensation package. This position may also be eligible for an annual incentive bonus and includes a comprehensive benefits package.