PWM Portfolio Manager

U.S. Bank • Palm Beach, FL

1d • Hybrid

About The Position

Manages individual and/or trust account assets and investment relationships consistent with the established investment objectives and strategies of the company and/or the client. Strong focus on managing client account retention to meet Net Portfolio growth objectives of the company. Shared responsibility for soliciting, developing, managing, and retaining client relationships for Private Wealth Management (PWM). Serve as the discretionary investment manager for assigned PWM client accounts, including taxable, tax‑advantaged, trust, and fiduciary portfolios. Construct and manage diversified portfolios across equities, fixed income, alternatives, and other approved investment strategies in alignment with PWM investment philosophy and platform offerings. Monitor portfolio performance, risk exposures, asset allocation, and adherence to client investment guidelines; make tactical and strategic adjustments as appropriate. Utilize approved PWM systems and tools to execute trades, manage holdings, monitor concentrations, and document investment decisions in accordance with policy and procedure.

Requirements

• Bachelor's degree, or equivalent work experience
• 10 or more years of investment experience

Nice To Haves

• Thorough understanding of investment management
• Strong knowledge of finance, economics and general business
• Strong sales and relationship management/client services skills
• Ability to effectively present investment strategies to clients
• Ability to make critical decisions independently
• Excellent interpersonal and verbal and written communication skills
• CFA® charter holder or progress toward CFA designation
• Experience managing trust or fiduciary portfolios
• Prior experience within Private Wealth Management or similar advisory environments
• Demonstrated ability to partner with advisors on client growth and retention initiatives

Responsibilities

• Serve as the discretionary investment manager for assigned PWM client accounts, including taxable, tax‑advantaged, trust, and fiduciary portfolios.
• Construct and manage diversified portfolios across equities, fixed income, alternatives, and other approved investment strategies in alignment with PWM investment philosophy and platform offerings.
• Monitor portfolio performance, risk exposures, asset allocation, and adherence to client investment guidelines; make tactical and strategic adjustments as appropriate.
• Utilize approved PWM systems and tools to execute trades, manage holdings, monitor concentrations, and document investment decisions in accordance with policy and procedure.
• Partner closely with Private Wealth Advisors, Trust Officers, and other relationship team members to support client acquisition, retention, and expansion.
• Participate in client meetings to explain portfolio strategy, performance, and market conditions in a clear and professional manner.
• Provide investment insights and thought leadership to relationship teams and clients, including commentary on markets, asset allocation, and portfolio positioning.
• Ensure portfolios comply with internal investment policies, regulatory requirements, and fiduciary standards.
• Identify and address portfolio exceptions, including concentration limits, restricted securities, conflicts of interest, and required approvals.
• Maintain accurate and timely documentation related to investment decisions, portfolio changes, and required reviews.
• Serve as a senior investment resource within the market or region, mentoring less experienced portfolio managers and contributing to best‑practice sharing across PWM.
• Contribute to broader PWM initiatives related to investment process improvement, platform enhancements, or product evaluation as requested.
• Maintain advanced investment knowledge and professional credentials consistent with senior portfolio management responsibilities.

Benefits

• Healthcare (medical, dental, vision)
• Basic term and optional term life insurance
• Short-term and long-term disability
• Pregnancy disability and parental leave
• 401(k) and employer-funded retirement plan
• Paid vacation (from two to five weeks depending on salary grade and tenure)
• Up to 11 paid holiday opportunities
• Adoption assistance
• Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law

What This Job Offers

• Job Type: Full-time
• Career Level: Senior