Portfolio Manager

Vestmark; Wakefield (MA); Hybrid; USD 140,000 - 160,000; Full time

Benefits offered by this job

Equity-based grants

90% company-paid medical premiums

Competitive time-off program

Job summary

Vestmark in Wakefield, MA, is seeking a Portfolio Manager for its direct indexing investment management team. The role requires 5-7+ years of investment management experience, preferably with a focus on equity portfolios and tax efficiency. Responsibilities include portfolio management, analysis, and collaboration with internal stakeholders to enhance investment processes. A competitive salary is offered, with a range of $140,000 — $160,000 USD, and a comprehensive rewards package including equity grants and healthcare benefits.

Qualifications

• 5-7+ years of hands-on investment management experience.
• Experience managing equity portfolios and maximizing tax efficiency.
• Strong understanding of direct indexing, ESG, and tax optimization.

Responsibilities

• Contribute to the development and implementation of direct indexing solutions.
• Manage day-to-day personalized portfolios, including monitoring and client activities.
• Provide portfolio analysis and reporting on direct index strategies.

Skills

Investment management experience

Tax efficiency management

Quantitative skills

Communication skills

Collaboration skills

Education

Bachelor’s degree in a relevant field

Graduate degree and CFA preferred

Tools

Equity risk models

Portfolio optimizers

Job description

Vestmark has been supporting clients’ direct indexing solutions for more than a decade. As we embark on our next stage of growth and evolution, Vestmark Advisory Solutions seeks a Portfolio Manager in our direct indexing investment management team. This person will be a key member of the portfolio management team, contribute to the development of direct indexing solutions, and manage the day‑to‑day personalized portfolios including portfolio management and rebalance, ESG customizations and tax optimization. In addition, this person will work in a fast‑paced, dynamic environment with a growth mindset to support future expansions of new products and asset classes. This position can be based out of Wakefield, MA or Remote.

Key Responsibilities

• Be a key contributor in the development and implementation of direct indexing solutions
• Provide day‑to‑day portfolio management of direct index portfolios including portfolio construction, rebalance, monitor index changes and corporate actions, manage client activities and trade review
• Provide tax transitioning and tax loss harvesting to maximize tax efficiency
• Provide portfolio analysis, reporting and monitoring of direct index strategies and ad‑hoc analysis
• Work closely with trading, client service, operations to improve portfolio management efficiency, maximize investment outcome and ensure client success
• Collaborate with internal stakeholders to improve investment processes, and enhance investment management tools and systems

Qualifications

• Bachelor’s degree in a relevant field required, Graduate degree and CFA designation strongly preferred
• 5‑7+ years of hands‑on investment management experience
• Experience managing equity portfolios maximizing tax efficiency while tracking an index, experience managing direct index portfolios strongly preferred
• Experience in tax loss harvesting and generate tax alphaStrong understanding of direct indexing, customizations, ESG and sustainability investing, and tax optimization
• Strong operational experience running, analyzing, and improving processes and systems
• Working knowledge and experience using equity risk models and portfolio optimizers
• Excellent communication and collaboration skills, team‑player
• Strong quantitative and analytical skills
• Contribute to the growth and development of our core values: We Before Me, Positive Energy, Knowledge Explorer, and Own It

Vestmark is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees. Vestmark prohibits employment discrimination on the basis of race, color, religion, gender identity, sex, sexual orientation, pregnancy, national origin, age, disability status, protected military or veteran status, and genetic information.

Vestmark takes a market‑based approach to compensation to ensure we pay fairly and competitively. Compensation for this role depends on several factors such as skills, experience, qualifications, job scope and location.

In addition to base salary, Vestmark offers a comprehensive total rewards package, which includes equity‑based grants for all new hires, company‑paid medical premiums of 90%, a competitive time‑off program, and other variable compensation if eligible.

Salary range: $140,000 — $160,000 USD