Merrill Corporation - Palm Beach, FL
posted 4 months ago
At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities, and shareholders every day. One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We're devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being. Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization. Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us! The Portfolio Manager is the investment quarterback of the client relationship and is responsible for evaluating, designing, and overseeing all aspects of the portfolio construction including manager selection. This role involves working with complex High Net Worth Investors to create customized investment strategies. The Portfolio Manager is responsible for understanding strategic investment objectives, spending policy needs, and unique client/prospect goals to provide guidance and develop, implement, and manage investments. Portfolio Managers can manage customized client portfolios on a fully discretionary basis and, where applicable, provide advisory services and single mandate strategies. They manage individual securities (stocks, bonds, REITs, MLPs, etc.), SMAs, alternative investments, and Specialty Assets (i.e., Timber, Farm, Oil and Gas), in addition to monitoring the portfolios and rebalancing to ensure alignment of asset allocation with clients' investment objectives and risk tolerances. Usually, they manage the firm's most complex and sophisticated relationships. The Portfolio Manager oversees the completion of the investment policy statement and acts as a technical/industry expert in managing complex individual and family client relationships for clients who desire a sophisticated investment program, including manager selection, type of vehicle, including traditional, alternative, and derivative solutions. They support PC teams in effectively communicating to prospects our business culture, investment philosophy, and range of investment and non-investment solutions that are relevant to the prospect and/or existing clients. The role also involves developing and recommending strategies to achieve the investment goals of clients, meeting with clients to review investment performance, and forecasting market changes based on economic and industry analysis, including objectives and asset allocation models, ensuring current allocations are appropriate. Conducting all aspects involved with managing portfolios, including executing all trades, maintaining investment action plans, monitoring and addressing overdrafts, conducting Reg. 9 investment reviews, and documenting account activities and client interaction are also key responsibilities. Additionally, the Portfolio Manager supports revenue growth of the market by meeting individual investment management, credit, and deposit goals, and may be responsible for developing and marketing specialized asset allocation products and services. Supervising, mentoring, and coaching more junior staff is also part of the role.