Portfolio Manager

Heritageholdings; United States; Remote; USD 150,000 - 260,000; Full time

Job summary

Heritage seeks a Portfolio Manager to join the Portfolio Management team. You will oversee UHNW client portfolios, ensure alignment with objectives, and provide timely investment input to Relationship Managers.

The role involves multi-asset oversight across banks and counterparties, with a focus on transparency and proactive monitoring. You will collaborate closely with the Head of Portfolio Management and RMs, contributing to the ongoing improvement of the investment process.

Qualifications

• Outstanding academic background with a master’s degree in Finance, Economics, Engineering or related disciplines.
• Solid experience in portfolio management or advisory for UHNW individuals.
• Strong grasp of portfolio construction, asset allocation and diversification principles.
• Experience analyzing investments proposed by banks and asset managers including fees and liquidity.
• Comfortable interacting with sophisticated UHNW clients and Relationship Managers.

Responsibilities

• Oversee client portfolios for OCIO and advisory clients across asset classes.
• Maintain visibility on asset allocation, fees, liquidity and risk.
• Monitor performance, attribution and risk metrics and identify drift or misalignment.
• Assess investments proposed by banks and counterparties and form clear views.
• Support Relationship Managers with timely investment input and follow-ups.
• Track transactions and next steps to ensure actions aren’t missed.
• Contribute to business development meetings with prospective clients.
• Collaborate with Portfolio Management on construction and decisions.

Skills

Portfolio management

Multi-Family Office experience

Client relationship support

Investment input to RM

Analytical thinking

Team collaboration

Financial modelling

Education

Master's degree in Finance

Tools

Addepar

Job description

Who We Are

Heritage is building the Modern Investment Office, supporting some of the most prominent families globally to achieve their capital enhancement and preservation goals.

Our vision is to help clients build enduring wealth across generations by combining institutional-grade investment sourcing with personalized portfolio construction, cutting-edge technology, and deep sector expertise. We aim to make sophisticated private market opportunities and modern wealth solutions more transparent, connected, and actionable.

Our team comprises a diverse international group of individuals from leading organizations and with diverse backgrounds, including private equity, venture capital, banking, software development, law, and entrepreneurship. We are committed to attracting top-notch talent and providing opportunities for growth and development based on their individual strengths and interests.

Your Role

Your role as Portfolio Manager is part of our Portfolio Management team. The mission of the role is to ensure that the portfolios of our UHNW clients are actively monitored, well-constructed and aligned with their objectives.

The Associate is allocated to a defined group of European client relationships, covering OCIO and portfolio advisory mandates. Portfolios are multi-asset, spanning liquid and semi-liquid investments, often across multiple banks and counterparties. The role carries direct ownership of portfolio oversight, from asset allocation, fees, liquidity and risk to the quality of the investments proposed to clients.

The role reports to Head of Portfolio Management, and cross-reports to the Relationship Managers. It works in close collaboration with both, providing RMs with timely, high-quality investment input and the confidence that their clients are being taken care of even when they are not looking.

Key Responsibilities

• Oversee client portfolios for OCIO and portfolio advisory clients, playing an active role in shaping clients' portfolios across a range of asset classes (fixed income, public equity, alternative assets...)
• Maintain clear visibility on asset allocation, fees, liquidity and risk across client portfolios
• Monitor performance, attribution and risk metrics, identifying portfolio drift, concentration risks and misalignment with client objectives
• Assess investments and opportunities proposed by banks and other counterparties (funds, structured products, discretionary mandates, alternatives), forming clear and well-reasoned views
• Identify sub-optimal products (fees, quality, overlap) and propose better alternatives
• Support Relationship Managers with timely, high-quality investment input ahead of and following client discussions
• Track transactions, changes and next steps, so that monitoring and follow-up actions are not missed
• Support business development meetings with prospective clients
• Work closely with the Portfolio Management team on portfolio construction and investment decisions, with a view to contributing to the continuous improvement of our investment process

What We Are Looking For

• Outstanding academic background with a master's degree in Finance, Economics, Engineering or related disciplines
• Solid experience in portfolio management or advisory, ideally for UHNW individuals, within a Multi-Family Office, OCIO, Private Bank or Wealth Manager
• Strong grasp of portfolio construction and asset allocation, including strategic vs tactical allocation and diversification principles, and the ability to assess multi-asset portfolios (liquid and semi-liquid)
• Ability to analyze investment products proposed by banks and asset managers, with a solid understanding of fees (explicit and implicit), liquidity terms and risk drivers
• Experience monitoring portfolio performance, attribution and risk metrics
• Comfortable interacting with sophisticated UHNW clients and Relationship Managers, and able to explain investment concepts clearly and credibly, both verbally and in writing
• Strong attention to detail in portfolio reviews, transaction monitoring and documentation, and ability to work in a structured, process-driven environment
• Experience in manager selection or due diligence is a plus
• Basic financial modelling and portfolio analytics skills are a plus
• International exposure or experience working with non-Italian institutions is a plus
• Tech-savvy, with experience in a portfolio analytics or wealth reporting platform (Addepar is a plus)
• Effective communicator with a collaborative and multicultural mindset
• Highly motivated and proactive, with a hands‑on and flexible attitude
• Ability to manage multiple priorities in a dynamic and fast-growing environment
• Fluent in English. Other languages constitute a plus

What We Offer

An exceptional team and environment: You will work alongside highly talented professionals from leading global institutions such as Carlyle, CD&R, McKinsey, Bain, Goldman Sa

Location

Remote work is fine, but being based at a Heritage office is a plus.