Portfolio Associate

Franklin Templeton•New York, NY

17h•$95,000 - $125,000

About The Position

Franklin Templeton Private Portfolio Group, LLC (“FTPPG”) is a wholly-owned subsidiary of Franklin Resources, Inc. FTPPG, together with its sub-advisers, provides investment advisory services in investment programs offered at Sponsor Firms. FTPPG’s sub-advisers include, but are not limited to, ClearBridge Investments, Franklin Advisers, Putnam Investment Management, Royce, and Western Asset. According to Cerulli Associates, Franklin is ranked #2 for provider of model-delivered SMAs measured by retail AUM as of 1Q 2025. Model delivered assets were approximately $80 billion as of March 2025. FTPPG is contracted with over 175 sponsor firms, with total assets currently over $135 billion. FTPPG is looking for a Portfolio Associate to join our complex, fast-paced, and team-oriented implementation team. This individual will be primarily responsible for delivering and verifying portfolio changes to the various sponsors (model delivery) and implementing such changes for our discretionary SMAs while being committed to providing clients and investment professionals with exceptional service and support. An ideal candidate has extensive knowledge of the SMA industry, has worked with various SMA programs (Vestmark, Archer, Merrill Lynch, Morgan Stanley, to name a few), and has technical skills to run reports and format products for various uploads.

Requirements

BA/BS in business or related field
3+ years’ experience in the financial industry
Understanding of investment products and securities operations
Understanding of model delivery and trade implementation functions in separately managed accounts
Ability to analyze problems and provide resolutions
Detail-oriented with the ability to work independently and multi-task in a fast-paced environment. Must also be a team player.
Excellent communication and organizational skills
Proficient in Microsoft Office

Nice To Haves

Working knowledge of Archer a plus

Responsibilities

Model delivery and verification of portfolio changes
Trade implementation of separately managed accounts
Liaise with various personnel from the specialist investment managers of the Franklin organization (e.g., portfolio management, operations, trading, client service) to transition and invest accounts in accordance with strategy and client guidelines.
Raise and invest cash as needed following client directed flows
Perform various daily and weekly checks of the account base, e.g., high cash, non-model holdings and respond to ad hoc requests from investment teams
Respond to inquiries from Clients, FAs and PM teams
Interact with outsourced SMA Service provider on a daily basis
Other duties as assigned

Benefits

Health, wellness and risk benefits to protect employees and their families
Retirement savings, stock purchase and other incentive programs to help employees plan for the future
Holiday, paid-time-off and other employee programs that support work-life balance
Support for pursuing certifications, external education and degree programs
Learning, development and career advancement opportunities
Ways to get involved in, and give back to, our communities, including paid time off for volunteering and charitable donation matching
The salary range for this position is targeted for $95,000 to $125,000 plus discretionary bonus.
Base pay offered may vary depending on job related knowledge, skills, and experience
FTPPG is an Equal Opportunity Employer. We are committed to equal employment opportunity for all applicants and existing employees, and we evaluate qualified applicants without regard to ancestry, age, color, disability, genetic information, gender, gender identity, or gender expression, marital status, medical condition, military or veteran status, national origin, race, religion, sex, sexual orientation, and any other basis protected by federal, state, or local law, ordinance, or regulation.
ClearBridge is an Equal Opportunity Employer. We are committed to equal employment opportunity for all applicants and existing employees and we evaluate qualified applicants without regard to ancestry, age, color, disability, genetic information, gender, gender identity, or gender expression, marital status, medical condition, military or veteran status, national origin, race, religion, sex, sexual orientation, and any other basis protected by federal, state, or local law, ordinance, or regulation.
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When you become part of Franklin Templeton, you’ll join a company dedicated to progress. A company that doesn’t settle. One where we pursue our ambitions with energy and persistence. That’s why it’s so important that we empower and encourage the progress of our employees. From our welcoming, inclusive, and flexible culture – to our global and diverse business, we provide opportunities to help you reach your potential while contributing to ours. At Franklin Templeton, we embrace individual differences and value experience and perspectives brought by talent from around the world. And, although we are all different, we all have one thing in common – we are dedicated to what we do. So whether you’re just starting your career journey, are well on your way, or are seeking a new direction, you’ll find the support you need to grow your career with us. Come, join us, and help us shape the future of the global asset management industry!