Assistant Portfolio Manager
About The Position
Spinnaker Trust is seeking an Assistant Portfolio Manager, to be based in the Portland, Maine office. The Assistant Portfolio Manager will have a thorough understanding of Spinnaker investment models and products, including alternatives and third-party managers. This person is also able to construct appropriate asset allocation guidelines with the Client Advisor (CA) team. The Assistant PM will work directly with one or more CAs as a team, supporting the CAs on trading, portfolio management and asset allocation for client accounts. The Assistant PM will be expected to get to know the clients with which the CA works, and the accounts associated with those clients.
Requirements
- Strong knowledge and experience in Excel, Word and Power Point
- Experience with MoneyGuide Pro or other financial planning software
- Requires knowledge and interest in securities and can speak about the market, our models and performance.
- Ability to prioritize and juggle jobs throughout the day and week and communicate with Portfolio Management (PM), CA and Research teams in a clear and timely way
- Some portfolio management/allocation experience
- Bachelorâs degree in related field
Nice To Haves
- Experience with Tamarac preferred
Responsibilities
- Understands and advises clients on objectives, risk tolerance, asset allocation and the role of each asset in client portfolios
- Experience with Envestnetâs Tamarac Reporting, Tamarac Trading, CRM and MoneyGuide Pro planning software
- Manage new account openings and account closings
- Properly identify and categorize new securities.
- Maintain rebalancing standards â ensuring clients participate in model trades or are working towards clientsâ long term target allocation.
- Work with CAs to design and produce client materials.
- Ability to discuss financial planning strategies via MoneyGuide Pro software.
- Work with CAs on allocation recommendations and rebalancing plans, preparing proposals for review by the CAs, which may include recommendations for legacy holdings in the account
- Maintains a high level of collaboration with investment research and relationship team
Benefits
- Free parking near office in Portland
- Competitive annual salary, range begins at $80k
- Annual bonus opportunity based on individual, team, and company performance
- Health coverage, dental and vision coverage through a flex plan
- Health Insurance Flex Dollar bonus given annually
- Hybrid work schedule (3 office days, 2 work from home days per week)
- Two retirement plans (401k and ESOP)
- Cell phone reimbursement
- Business casual dress code
- Annual salary reviews
- A collaborative team and a fun work environment with plenty of autonomy and career growth
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
