Portfolio Manager

Associate Portfolio Manager (US Clients)

Overview:

Exciting opportunity to join as part of our continued expansion, in a developmental role.

We have a market leading proposition for our clients, especially with US ex-pats where we can offer detailed Tax advice incorporating all our clients accounts / assets truly acting as a one stop shop.

Sitting within our US Portfolio Team this role will support 1 or 2 Investment Managers to pro-actively manage portfolios, build client proposals, produce reporting packs and answer queries, all while gaining an in-depth understanding of our products, service offering and investment proposition.

We view this as an opportunity to enhance your career and progress to a role with your own client book within 2 years.

About the Company:

W1M was founded with the merger of London & Capital and Waverton, two well established Wealth Managers who both have 40 years of history, in 2024. Since the merger we have gone from strength to strength growing from roughly 250 people to over 400 and increasing our AUM to around £27billion.

We focus on working with High and Ultra-High-Net-Worth individuals and families, Charities and Institutions offering a one stop shop for all wealth planning, investment and tax services including multi-jurisdictional situations.

Beyond our direct client relationships, we also maintain longstanding partnerships with Independent Financial Advisers providing access to our market-leading investment solutions.

We are continuing to expand with ambitious plans to increase our AUM to over £50 billion by 2030 based on the foundation of the quality of advice and services we provide to our clients, alongside peer-leading investment performance.

Internally we are a highly collaborative organisation free from the politics and bureaucracy of larger firms that gives everyone the opportunity to make a real difference and enhance the way we work. We have a sociable culture with several team events throughout the year and a welcoming and supportive environment.

Key Responsibilities:

Portfolio Construction and Management: Construct and manage portfolios, ensuring adherence to the Investment Policy Statement and asset allocation. Monitor portfolio performance and proactively adjust portfolios to optimise returns.

• Managing portfolios for US/UK clients, with various currency/tax constrains, allocating assets across equities, fixed income, and alternative investments in a tax efficient manner to achieve long-term growth while managing risk.
• Produce and review holding reports to analyse where client portfolios are out of line and/or cash is available to be invested.
• Making timely portfolio rebalancing decisions to maintain target asset allocation based on changing market conditions and portfolio objectives.
• Oversight of cash and foreign exchange balances to maintain sufficient liquidity for regular withdrawals and fees.
• Communicate with the tax team and produce tax specific reports (e.g., realised & unrealised capital gains) to ensure that client tax positions are considered when rebalancing portfolios and raising cash.
• Utilising performance analysis tools to ensure that client portfolios are meeting target returns within agreed parameters and/or generating agreed income levels, implementing necessary adjustments.

Portfolio Support, Analysis and Reporting: Conduct thorough analysis of investment portfolios, including performance attribution, risk analysis, and benchmarking.

• Preparing regular portfolio reports for Portfolio Managers to review, providing insights on investment performance, asset allocation and commonality.
• Analysing portfolio performance against market indices, identifying areas of outperformance or underperformance, and preparing comprehensive reports for review by Portfolio Managers and Advisers.
• Provide insight and analysis to help Portfolio Managers, Wealth Managers and the Tax Team in order for client queries to be answered.
• Conduct monthly reporting for the most complex of clients.

Investment Research and Analysis

• Develop a strong understanding of W1M’s investment strategy, analysing macroeconomic factors, market trends, and company fundamentals.
• Actively track and interpret trends across broad financial markets through review of output from W1M’s investment team and other eternal sources
• Support the team in monitoring news and events that may impact investment decisions and portfolios.
• Actively participating in team meetings, sharing research findings and other points of interest to help broaden the teams knowledge base.

Background / Experience and Competencies Required

• Hold a level 4 qualification (IMC/IAD)
• Completion of CFA Level I or equivalent
• Experience within Portfolio Management / Administration
• Very strong attention to detail
• Able to demonstrate understanding of financial instruments and how these can be applied to investment strategies
• Strong all round communication skills, in particular ability to relay complex information to wide variety of people in an effective manner
• Knowledge of portfolio management for US linked individuals, preferred but not essential

Equal Opportunity Statement

W1M is an equal opportunities employer and in accordance with the rules regarding discrimination in the Equality Act 2010, we welcome applications from all suitably qualified persons.