Assistant Portfolio Manager
Spinnaker Trust
Portland, ME
Spinnaker Trust is seeking an Assistant Portfolio Manager, to be based in the Portland, Maine office. The Assistant Portfolio Manager will have a thorough understanding of Spinnaker investment models and products, including alternatives and third-party managers. This person is also able to construct appropriate asset allocation guidelines with the Client Advisor (CA) team. The Assistant PM will work directly with one or more CAs as a team, supporting the CAs on trading, portfolio management and asset allocation for client accounts. The Assistant PM will be expected to get to know the clients with which the CA works, and the accounts associated with those clients.
Requirements of the Assistant Portfolio Manager:
Strong knowledge and experience in Excel, Word and Power Point
Experience with MoneyGuide Pro or other financial planning software
Requires knowledge and interest in securities and can speak about the market, our models and performance.
Ability to prioritize and juggle jobs throughout the day and week and communicate with Portfolio Management (PM), CA and Research teams in a clear and timely way
Experience with Tamarac preferred
Some portfolio management/allocation experience
Bachelor’s degree in related field
Benefits of the Job:
Annual bonus opportunity based on individual, team, and company performance
Health coverage, dental and vision coverage through a flex plan
Health Insurance Flex Dollar bonus given annually
Hybrid work schedule (3 office days, 2 work from home days per week)
Two retirement plans (401k and ESOP)
Cell phone reimbursement
Business casual dress code
Free parking near office in Portland
Annual salary reviews
A collaborative team and a fun work environment with plenty of autonomy and career growth
Responsibilities of the Assistant Portfolio Manager:
Understands and advises clients on objectives, risk tolerance, asset allocation and the role of each asset in client portfolios
Experience with Envestnet’s Tamarac Reporting, Tamarac Trading, CRM and MoneyGuide Pro planning software
Manage new account openings and account closings
Properly identify and categorize new securities.
Maintain rebalancing standards – ensuring clients participate in model trades or are working towards clients’ long term target allocation.
Work with CAs to design and produce client materials.
Ability to discuss financial planning strategies via MoneyGuide Pro software.
Work with CAs on allocation recommendations and rebalancing plans, preparing proposals for review by the CAs, which may include recommendations for legacy holdings in the account
Maintains a high level of collaboration with investment research and relationship team
Spinnaker Trust was founded in 2001 and works with families and institutions offering financial planning, trustee services, investment management and administration of Employee Stock Ownership Plans (ESOP). Spinnaker Trust has been named to the list of Best Places to work in Maine for the past 7 years!
Spinnaker Trust is committed to recruiting and hiring a diverse workforce and providing equal opportunities to all candidates to better reflect our industry and community, and to provide better service for our clients.
Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, ancestry, familial status, age, physical or mental disability, pregnancy, sexual orientation, gender identity, genetic information, veteran status, or any other characteristic protected by law.
