Associate Portfolio Manager

NM Wealth Management Company - Wauwatosa, WI

Full-time - Mid Level

Wauwatosa, WI

5,001-10,000 employees

About the position

This position at Northwestern Mutual involves managing and supporting Private Client Services (PCS) accounts, demonstrating a strong understanding of the WMC investment philosophy. The role requires effective communication with Wealth Management Advisors (WMAs) and high-net-worth clients, while also managing a distinct book of business valued between $300 million to $1 billion. The individual will assist in portfolio management, client consultations, and operational tasks, contributing to the growth of the business and maintaining strong client relationships.

Responsibilities

• Execute operational and global portfolio management requirements through various platforms.
• Examine the PCS book of business to identify trading opportunities and implement process improvements.
• Provide support for Portfolio Specialists in operational tasks and responsibilities.
• Update portfolio management cash and asset allocation drift models daily to assist the Portfolio Management team.
• Create and analyze investment proposals for prospective PCS clients based on information gathered by advisors.
• Conduct case consultations with advisors and participate in prospective client calls to illustrate PCS capabilities.
• Provide guidance on discretionary investment capabilities and approved investment strategies to WMAs and clients.
• Lead portfolio review calls with WMAs and their clients to retain and strengthen relationships with current PCS clients.
• Educate clients on markets, investment perspectives, and portfolio performance.
• Monitor client investment policy allocation and cash balances, executing trades according to client objectives.
• Prepare client portfolio review materials and perform compliance reviews on client accounts.
• Participate in process improvement initiatives and act as a liaison with various departments.

Requirements

• Bachelor's degree in Finance or related field preferred.
• 3-5 years of experience in the investment/fiduciary management industry.
• Strong understanding of investments, financial markets, and asset allocation.
• Ability to establish and maintain relationships while providing quality customer service.
• Excellent written and verbal communication skills.
• Demonstrated analytical and quantitative skills.
• Technical expertise in applications such as Envestnet, NetX 360, Bloomberg, and Excel.
• Ability to identify and resolve critical issues through effective problem-solving skills.

Nice-to-haves

• Progress towards CFA, CFP, CAIA, or MBA is desirable.

Benefits

• Competitive salary range based on geographic location and experience.
• Opportunities for professional development and career growth.
• Supportive and inclusive work environment.