Client Portfolio Manager (Wiss Private Client Advisors)

Wiss•Florham Park, NJ

12h

About The Position

Wiss Private Client Advisors, LLC is an AI-enabled multifamily office within an accounting firm, with approximately $2 billion in assets under management and advisement. Tax is central to its work, integrating investment management with tax and broader wealth planning in coordination with advisors and accounting professionals. The firm uses outsourced investment managers, making manager selection, coordination, and ongoing oversight central to its approach. The Client Portfolio Manager is a hands-on, client-facing role requiring at least seven years of relevant investment experience. The manager evaluates existing portfolios, constructs allocations using outsourced managers, leads manager due diligence and investment committee meetings, and speaks directly with clients. The role involves personally reviewing underlying holdings, conducting portfolio analysis, preparing performance write-ups, investigating discrepancies, and following approved changes through execution. It requires understanding what clients own and why, how holdings work together, and how taxes affect investment decisions and outcomes, while maintaining timely, detailed oversight as the client base grows.

Requirements

At least seven years of relevant investment experience, including portfolio construction or management, outsourced manager due diligence, and direct client interaction.
Demonstrated understanding of tax-focused investing and ability to evaluate portfolio decisions and manager strategies through an after-tax lens.
Proficiency with portfolio analytics, performance reporting, investment research tools, and Excel.
Ability to turn detailed analysis into clear written commentary and client conversations.
Experience leading investment committees or substantial responsibility for committee research, recommendations, and follow-through.
Strong judgment, attention to detail, and organization.
Ability to prioritize reviews, meetings, and follow-up across a growing client base without sacrificing accuracy or responsiveness.
Bachelor's degree in finance, economics, accounting, or a related field.

Nice To Haves

Master's degree in finance.
CFA designation.
Experience at an asset management firm.
Knowledge of AI and its practical application to investment research, portfolio analysis, reporting, and workflow improvement.

Responsibilities

Lead investment discussions with clients and prospects, connecting recommendations to their goals, liquidity needs, risk tolerance, and tax circumstances in partnership with financial advisors.
Explain holdings, portfolio positioning, performance, fees, and risks in plain language; address detailed questions and proactively communicate material developments and recommended changes.
Review current and prospective client portfolios using portfolio analytics, research, and performance reporting tools; assess allocation, holdings, manager overlap, concentration, liquidity, costs, and tax exposure.
Track portfolios against client objectives, approved allocations, restrictions, and appropriate benchmarks; identify drift, emerging risks, and issues requiring action.
Prepare performance write-ups explaining returns, contributors and detractors, benchmark differences, manager results, and implications for portfolio positioning; investigate data discrepancies before communicating conclusions.
Maintain a consistent portfolio review schedule and track recommendations, decisions, and implementation through completion.
Construct and refine portfolios using outsourced managers and strategies, coordinating asset allocation, manager selection, cash needs, and rebalancing across client accounts.
Evaluate tax-focused portfolios and assess recommendations on an after-tax basis, balancing tax efficiency with diversification, risk, liquidity, and client objectives.
Coordinate with advisors, tax professionals, and managers on client-specific tax considerations.
Determine securities and tax lots to sell, and the accounts or entities from which to sell them, to fund quarterly estimated tax payments and other cash needs; align sales with estate and tax structures, ownership, cost basis, gains and losses, and portfolio objectives, and coordinate execution with relevant teams and managers.
Lead initial and ongoing due diligence on outsourced managers and strategies, evaluating investment philosophy, holdings, risk management, performance, fees, tax management capabilities, organizational stability, and mandate adherence.
Maintain direct manager relationships, challenge explanations when warranted, and document recommendations to approve, retain, monitor, or replace strategies.
Coordinate with SMA managers and internal teams to improve implementation, reporting, information sharing, and execution of client restrictions and portfolio changes.
Run regular investment committee meetings; prepare agendas, research, portfolio reviews, and actionable recommendations on allocation, managers, market developments, and risk.
Document committee decisions and rationale, assign action owners and deadlines, track completion, and communicate approved changes to advisors, trading, operations, and client service.
Review investment analysis and client materials for accuracy and insight, and help develop junior team members' investment knowledge.
Identify and implement efficiencies in portfolio reviews, research, reporting, and manager coordination; use technology, automation, and AI tools to support a growing client base while maintaining accuracy and sound investment judgment.