Investment Manager - Private Wealth Management

Job Description:

The Department

Strategic Advisers, LLC (SAI) is a registered investment advisor and wholly owned subsidiary of FMR LLC that provides investment management services to clients through Fidelity’s retail and institutional distribution channels. For more than 25 years, SAI has specialized in asset allocation solutions, as well as crafting methodologies for many of Fidelity’s investment planning tools to help investors reach their financial goals. With over $400 billion in assets under management, the SAI team of investment professionals builds and manages asset allocation portfolios for over one million customer accounts. The Portfolio Engineering (PE) function within SAI is responsible for the management, customization, and execution of individual client portfolios. Within the PE function, the Personalized Wealth Management team is focused on our clients’ most complex investment situations.

The Role

The Investment Manager will join the Personalized Wealth Management team in our San Francisco office, with occasional travel required to Fidelity offices in Boston, MA and Denver, CO. This person will play a meaningful role in SAI's next generation of sophisticated investment solutions which include custom multi-account investment management and asset location strategies. The role will combine a high degree of technical proficiency with investment expertise to build scalable solutions to solve complex investment problems and deliver greater personalization to clients. The role is primarily focused on providing tax-sensitive, customized management of multi-asset class portfolios for taxable individuals and trusts for Fidelity Wealth Services. You will learn and implement our overlay management strategies with a goal to improve after-tax returns while controlling risk.

Responsibilities

Portfolio Management

• Manage individual client portfolios consistent with Strategic Advisers' investment philosophy and the unique personalization of each client portfolio. Implement investment strategies based on market movements, tax management opportunities, changes in model portfolio or investment choices
• Apply analytical and problem-solving skills to efficiently implement complex portfolio construction across multiple account registration types while being able to decipher and clearly understand the impacts on investment risk and return characteristics
• Develop a deep understanding of internal analyst and portfolio manager research on individual securities, ETFs, mutual funds, portfolio construction, and business cycle positioning to achieve superior pre- and after-tax returns consistent with the SAI’s investment philosophy
• Collaborate with the team to design, develop, and test new ideas to drive greater scale and personalization capabilities for the investment platform
• Prototype and provide technical design requirements to enable greater investment effectiveness across the Personalized Wealth Management team
• Monitor and carry out fiduciary responsibilities with a high-level of integrity

Investment Planning

• Provide personalized transition analysis for hypothetical scenarios and recommendations to clients on security transfers for charitable intentions
• Collaborate with the team to design, develop, and test new ideas to drive greater personalization.
• Design and prototype new strategies for incorporating additional financial planning factors within portfolio management
• Coordinate with Investment and Client-Facing partners to develop Portfolio Management Client Experience
• Present detailed investment processes, philosophies, and capital market dynamics in front of larger groups including both internal colleagues and external clients

Qualifications

Experience/Education

• Graduate degree preferred; degree or emphasis in Engineering/Computer Science/ Finance/Accounting/Economics subjects strongly preferred
• Existing or progress toward CFP credential
• Three to seven years investment experience in research, portfolio management, trading or technology development in these fields
• Hands on experience with financial planning and planning tools

Skills and Knowledge

• Technical and programming skills including R, Python, Java, and SQL required
• Familiarity with Business Intelligence tools such as Tableau or Spotfire
• Ability to work effectively on a collaborative team with a strong spirit of innovation, maintaining comfort in undefined environments
• Ability to operate in a fast-paced environment with excellent attention to detail, strong analytical skills, a creative approach to problem solving, and the ability to multi-task
• Understanding of portfolio theory and quantitative portfolio construction techniques in a taxable environment

Location

• San Francisco, CA

The base salary range for this position is $100,000 - $165,000 per year.  

Placement in the range will vary based on job responsibilities and scope, geographic location, candidate’s relevant experience, and other factors.

Base salary is only part of the total compensation package. Depending on the position and eligibility requirements, the offer package may also include bonus or other variable compensation.   

We offer a wide range of benefits to meet your evolving needs and help you live your best life at work and at home.  These benefits include comprehensive health care coverage and emotional well-being support, market-leading retirement, generous paid time off and parental leave, charitable giving employee match program, and educational assistance including student loan repayment, tuition reimbursement, and learning resources to develop your career.  Note, the application window closes when the position is filled or unposted.

Fidelity’s hybrid working model blends the best of both onsite and offsite work experiences. Working onsite is important for our business strategy and our culture. We also value the benefits that working offsite offers associates. Most hybrid roles require associates to work onsite every other week (all business days, M-F) in a Fidelity office.

Certifications:Series 65 - FINRA

Category:Investment Professionals