Associate Portfolio Manager, Private Client Services at Northwestern Mutual

Milwaukee, Wisconsin, United States

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Not SpecifiedCompensation

Junior (1 to 2 years), Mid-level (3 to 4 years)Experience Level

Full TimeJob Type

UnknownVisa

Wealth Management, Investment ManagementIndustries

Requirements

Bachelor's degree, progress towards CFA, CFP, CAIA or MBA desirable (or other related designation)
3-5 years of experience in the investment/fiduciary management industry
Background in understanding, interpreting and articulating investments, financial markets, asset allocation and broad economy metrics
Must be able to articulate in both written and verbal form
Demonstrated analytical and quantitative skills
Technical expertise in standard applications including but not limited to Bloomberg, Excel, and Word
Demonstrated ability to identify and resolve critical issues through effective problem-solving skills
Ability to establish and maintain relationships while providing quality customer service and support
Ability to develop written and verbal communication skills in order to deliver informative, well-organized documentation and presentations and ability to effectively communicate in difficult and sensitive situations
Non-Registered Fingerprinted FINRA
This is a Hybrid role for the Milwaukee Corporate office
Classified as an Associated Person under NMIS guidelines and requires fingerprinting and completion of required form

Responsibilities

Demonstrates a keen understanding of the WMC investment philosophy and process with the ability to effectively communicate the Private Client Services (PCS) capability to Wealth Management Advisors (WMAs) and their staff, as well as to clients and prospective clients
Works under the supervision of PCS Portfolio Managers to assist in managing PCS accounts in accordance with WMC investment philosophy
Assists in management and support of PCS Portfolio Managers books of business, and manages their own distinct book between $300 million to $500 million
Through platform systems and/or proprietary tools, updates portfolio management cash and asset allocation drift models daily, to assist the Portfolio Management team in efficiently delivering WMC's discretionary investment capability for Wealth Management Advisors and their clients
Assists in growing the business by creating and analyzing investment proposals for prospective PCS clients, based on information gathered by advisors and/or their staff
Conducts proposal review calls with advisors, along with participating in prospective client calls to illustrate Private Client Services capabilities with the goal of building long term relationships to both advisors and clients
Provides guidance to the field and answer questions on the trust and discretionary investment capabilities, approved investment strategies, program recommendations and proposal procedures for clients of the Wealth Management Company, both in general and case-specific terms
Retains and strengthens relationships with current PCS clients by leading portfolio review calls with WMA's and their clients. Educating on the markets, WMC investment and allocation perspectives, and attributes and performance of clients' portfolios
Monitors client investment policy allocation and cash balances, executes trades according to client investment objectives, and assist in monitoring trading activity and order allocation
Facilitates PCS global allocation trades across the entire book of business of over $4.8 billion
Prepares client portfolio review materials in advance of client meetings from portfolio software and perform initial and annual compliance reviews on client accounts in order to comply with regulatory guidelines
Participates in and may lead process improvement, or system enhancement initiatives and may act as liaison with marketing, client service, compliance, trading, institutional account administration, operations, and performance departments
Other responsibilities and independent projects may be assigned as needed

Skills

Portfolio Management

Asset Allocation

Cash Management

Investment Proposals

Trade Execution

Client Relationship Management

Market Analysis

Investment Strategies

Discretionary Investing

Northwestern Mutual

Provides financial security services, and wealth management

About Northwestern Mutual

Northwestern Mutual offers personalized financial planning, life insurance, and investment services, leveraging leading-edge technology to manage over $125 billion in client assets for more than 4.5 million clients.

Milwaukee, WisconsinHeadquarters

1856Year Founded

N/ACompany Stage

Consulting, Fintech, Financial ServicesIndustries

10,001+Employees

Benefits

Growing your Career

Compensation & Time Off

Insurance plans

Health Savings Account

Wellness programs & resources

401(k) plan and cash balance contributions

Risks

Fintech platforms like Carefull challenge traditional financial advisory services.

Internal competition may arise from Wellthi's focus on the Black community.

Customer dissatisfaction may grow due to increased retirement age expectations.

Differentiation

Northwestern Mutual maintains the highest financial strength ratings in the industry.

The company launched 'The Great Realization' campaign to refocus customer priorities.

Northwestern Mutual offers a unique Long-Term Advantage product with life insurance benefits.

Upsides

The aging population increases demand for retirement planning and long-term care solutions.

Partnerships with tech firms enhance Northwestern Mutual's data analytics capabilities.

Digital transformation in insurance leads to more personalized customer experiences.

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