Portfolio Manager (Direct Indexing)

About Vestmark

Headquartered outside of Boston, MA, Vestmark is a leading provider of portfolio management and trading solutions for the wealth management industry.  Supporting over $1.5 trillion in assets and 5 million accounts, Vestmark is a trusted partner to some of the largest and most respected wealth management firms, offering an innovative SaaS platform and comprehensive suite of outsourced services. Founded in 2001 with the mission of improving investment outcomes for all investors, Vestmark is a privately-owned company on the forefront of innovation and disruption of the FinTech industry.

About Vestmark Advisory Solutions (VAS)

Vestmark Advisory Solutions (VAS) is a wholly owned subsidiary of Vestmark Inc. that combines deep investment expertise with the power of Vestmark’s industry leading technology to offer best-in-class investment management solutions. VAS is a registered investment advisor with $1.6 billion AUM.  The investment team at VAS is responsible for managing Vestmark’s new and growing suite of personalized investment products and services including direct indexing, ESG preferences and personalization, tax transition, and customized tax management across multiple asset classes. VAS is also responsible for Vestmark’s Model Trading Services and industry leading Manager Marketplace.

THE ROLE

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, Jersey City, NJ, 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 alpha
• Strong 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

What Vestmark Offers
Vestmark offers the ability to develop strong relationships with colleagues who enjoy collaborating, a flexible work-life balance, managers who respect and listen to their ideas and a competitive salary and benefits.
Vestmark also offers a strong value-based culture while working on challenging projects in an exciting Fintech industry committed to helping regular investors reach their goals.

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.

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