Senior Portfolio Manager

Franklin Templeton • New York, NY

4d • $175,000 - $250,000 • Hybrid

About The Position

Fiduciary Trust International is a premier investment and wealth management firm with a commitment to growing and protecting wealth across generations. We offer a dynamic and collaborative approach to managing wealth for high-net-worth and ultra high-net-worth individuals and families, family offices, endowments, foundations, and institutions. Unlike other firms, our investment managers, tax and estate planning professionals work together to develop holistic strategies to optimize clients’ portfolios while mitigating the impact of taxes on their wealth. As a fiduciary, the guidance we provide is always in the best interests of our clients, without conflict or competing benefits. We offer boutique customization and deep expertise in specialized investment, tax and planning strategies alongside sophisticated technology and custody platforms. Fiduciary Trust International is owned by Franklin Templeton, a dynamic firm that spans asset management, wealth management, and fintech, giving us many ways to help investors make progress toward their goals. With clients in over 150 countries and offices on six continents, you’ll get exposed to different cultures, people, and business development happening around the world. Fiduciary Trust International is hiring a Senior Portfolio Manager to join our New York City office. The Senior Portfolio Manager implements and executes our firm’s investment policy and broad investment strategies, including asset allocation and recommended securities and various investment vehicles. This requires the monitoring of global macro events and assessing the implications on global financial markets to make investment decisions for clients. The Senior PM evaluates research information to make buy and sell decisions on individual stocks for client portfolios with an after-tax approach. The position requires a strong understanding of fixed income securities as well as other financial securities in order to evaluate relative value and build investment portfolios to meet client objectives within risk parameters in an after-tax framework. In working with high-net-worth clients, a solid understanding of tax, trust and estate planning knowledge is important. The Senior PM will work with a team to provide additional services for clients, including financial planning, tax, trust, and estate services to build and maintain client relationships for a diverse client base, including domestic and international individuals, families, and foundations. The role requires working with business development to strategize approach in acquiring new business.

Requirements

• Bachelor's Degree
• 10 + years’ portfolio management experience required
• Experience serving as a Senior Portfolio Manager and Relationship Manager working with a team to provide excellent service to clients to include high-net-worth individuals, families, foundations, and endowments
• Knowledge of the investment industry along with ability to analyze, interpret and present statistics in written and oral presentations
• Superior communication skills
• Excellent analytical skills and strong attention to detail
• Ability to represent the Company at professional and business functions
• Willingness to travel to various client and business locations

Nice To Haves

• Advanced degree and certifications preferred (i.e. CFA, CFP and/or MBA)

Responsibilities

• Investment Management – Develop and implement broad investment strategy: Develop client profiles and investment objectives while monitoring global macro events and assessing the implications on global financial markets.
• Assess and analyze portfolio returns & risk to rebalance as needed on an after-tax basis.
• Determine absolute and relative valuations of investment securities in client portfolios.
• Integrate both global macro and market valuation into a well-defined investment view, rationale, strategy, and portfolio construction applied across a diverse client base.
• Manage assigned accounts according to specific client investment objectives and constraints including idea generation; the execution and the monitoring of the assets held in the portfolio to ensure maximization of portfolio performance; and through marketing efforts, make presentations to existing clients, prospective clients, and referral sources.
• Interface with the strategy teams and research groups to understand and implement the firm’s recommendations; monitor cash balances; review portfolio investment results; communicate strategy and results to clients.
• Client Servicing – Manage and oversee a highly customized dedicated book of business.
• Articulate current economic and market views, outlook, portfolio positioning and construction.
• Create presentation materials, providing clients with an understanding of the investment strategy and returns for their portfolios.
• Articulate the firm’s overall capabilities, philosophy, and approach generally, including asset allocation, equity, fixed income, alternative assets, and related manager selection processes.
• Work with business development teams to cultivate new business for the firm.
• Foster client additions by providing added value and building strong relationships.

Benefits

• Along with base compensation, employees are eligible for an annual discretionary bonus, a 401(k) plan with a generous match, and recognition rewards.
• We also offer a comprehensive benefits package, which includes a range of competitive healthcare options, insurance, and disability benefits, employee stock investment program, learning resources, career development programs, reimbursement for certain education expenses, paid time off (vacation / holidays / sick / leave / parental & caregiving leave / bereavement / volunteering / floating holidays) and a motivational wellbeing program.

What This Job Offers

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