Who we’re looking for: Portfolio Manager
About Cazenove Capital
At Cazenove Capital we look after private individuals, families and charities. We are the wealth management business of the FTSE-listed global investment manager Schroders. We help our clients around the world invest money to meet their goals, fulfil their ambitions, and prepare for the future.
About Schroders, our parent company
We’re a global investment manager. We help institutions, intermediaries and individuals around the world invest money to meet their goals, fulfil their ambitions, and prepare for the future.
We have around 6,000 people on six continents. And we’ve been around for over 200 years, but keep adapting as society and technology changes. What doesn’t change is our commitment to helping our clients, and society, prosper.
The base
We moved into our new HQ in the City of London in 2018. We're close to our clients, in the heart of the UK's financial centre and we have everything we need to work flexibly.
The team
You will join a regional investment team responsible for discretionary portfolio management and supporting intermediary-led relationships. The team works closely with colleagues across investments, operations, risk and compliance, as well as business development, to deliver strong client outcomes and a high standard of service.
What you’ll do
This is a Portfolio Manager role with a strong DFM / IFA (intermediary) focus.
You will take increasing day-to-day ownership of a set of existing intermediary relationships and associated discretionary portfolios, providing excellent service and robust investment oversight. Over time, you will help grow the intermediary book in partnership with business development colleagues, while operating within agreed governance and risk frameworks.
The DFM / IFA model (how the role operates)
• Intermediary partners (IFAs) introduce clients and remain the primary relationship owner with the end-client.
• We act as the discretionary investment manager, responsible for portfolio construction, implementation, and ongoing management within agreed objectives and suitability.
• Business development colleagues will support “door opening” and introductions; the Portfolio Manager plays a key role in winning confidence, articulating the investment approach, and then running and retaining mandates through high-quality ongoing service.
Key responsibilities
• Take day-to-day responsibility for discretionary portfolios linked to intermediary (IFA) relationships, with appropriate senior oversight during transition.
• Build and maintain strong relationships with IFAs through responsiveness, professionalism, and confidence in external meetings.
• Attend meetings with IFAs and end-clients, clearly explaining portfolio strategy, positioning, performance, and key risks.
• Implement portfolio actions (rebalancing, transitions, cash management and mandate changes) in line with client objectives, suitability, mandate guidelines, and internal governance.
• Maintain strong market awareness and demonstrate an interest in investment decision-making, including (where relevant) portfolios with exposure to direct securities as well as funds.
• Work closely with internal stakeholders (research, trading, operations, risk and compliance) to ensure efficient implementation and strong control standards.
• Support investment governance and reporting, including portfolio commentary and materials for internal forums as required.
• Partner with business development colleagues to support new opportunities: help convert introductions into funded mandates and support retention through excellent service and communication.
• Identify and escalate portfolio, operational, or relationship risks; ensure timely remediation and accurate documentation.
• Adhere to all relevant policies, procedures, and regulatory requirements.
The knowledge, experience and qualifications you need
• Experience in portfolio management / investment management, with meaningful exposure to DFM and IFA servicing.
• Strong understanding of the service model and expectations when operating via intermediaries (pace, responsiveness, relationship management, suitability).
• Confident communicator with resilience and professionalism; able to represent the business credibly in meetings where you are often the service provider in the room.
• Strong organisational skills and attention to detail; able to manage competing priorities in a client-facing role.
• Professional investment qualification at CISI Level 7 (or equivalent). Exceptional candidates with Level 6 may be considered depending on experience and technical depth.
• Typically 5+ years’ relevant experience, with evidence of readiness to step up and take ownership.
• Bristol-based (commutable) and willing to travel regionally; driving capability is strongly preferred.
The knowledge, experience and qualifications that will help
• Experience supporting or leading business development activity with intermediaries (networking, proposition discussions, conversion support).
• Experience managing portfolios that include a blend of funds and direct securities.
• Ability to produce client-ready materials (presentations, market updates, portfolio commentary).
• Strong working knowledge of Excel and PowerPoint; comfortable using investment data and research platforms.
We recognise potential, whoever you are
Our purpose is to provide excellent investment performance to clients through active management. Diversity of thought, facilitated by an inclusive culture, will allow us to make better decisions and better achieve our purpose. This is why inclusion and diversity are a strategic priority for us and why we are an equal opportunities employer. You are welcome here, regardless of your age, disability, gender identity, religious beliefs, sexual orientation, socio-economic background, or any other protected characteristic.
About Us
Skills Required
- Experience in portfolio management or investment management with exposure to DFM and IFA servicing
- Strong understanding of intermediary service model (pace, responsiveness, relationship management, suitability)
- Confident communicator with resilience and professionalism for client and intermediary meetings
- Strong organisational skills and attention to detail; able to manage competing priorities in a client-facing role
- Professional investment qualification at CISI Level 7 or equivalent
- CISI Level 6 (or equivalent) may be considered for exceptional candidates
- Typically 5+ years' relevant experience demonstrating readiness to take ownership
- Bristol-based (commutable) and willing to travel regionally
- Driving capability
- Ability to produce client-ready materials (presentations, market updates, portfolio commentary)
- Strong working knowledge of Excel and PowerPoint; comfortable using investment data and research platforms
Schroders Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Schroders and has not been reviewed or approved by Schroders.
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Retirement Support — Retirement plans are described as mature and competitive, with strong employer-supported schemes in the UK and a well-regarded 401(k) offering in the U.S. Pensions and retirement savings stand out as a distinctive strength within the total rewards package.
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Leave & Time Off Breadth — Time off and flexibility are emphasized, with generous annual leave in some markets and volunteer days highlighted in the UK. Flexible/hybrid working is presented as standard, supporting practical use of time-off benefits.
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Parental & Family Support — Parental leave is highlighted as a strength, including enhanced policies in the UK and an increased paid leave period in the U.S. Family-supportive provisions are positioned as part of a broader wellbeing focus.
Schroders Insights
What We Do
As a global investment manager, we help institutions, intermediaries and individuals across the planet meet their goals, fulfil their ambitions, and prepare for the future. But as the world changes, so do our clients’ needs. That’s why we have a long history of adapting to suit the times and keeping our focus on what matters most to our clients. Doing this takes experience and expertise. We bring together people and data to spot the trends that will shape the future. This provides a unique perspective which allows us to always invest with conviction. We are responsible for £773.7 billion (€912.6 billion/$978.1 billion)* of assets for our clients who trust us to deliver sustainable returns. We remain determined to build future prosperity for them, and for all of society. Today, we have 6,000+ people across six continents who focus on doing just this. We are a global business that’s managed locally. This allows us to always keep our clients’ needs at the heart of everything we do. For over two centuries and more than seven generations we’ve grown and developed our expertise in tandem with our clients’ needs and interests. Source: Schroders, all data as at 30 June 2024. Disclaimer: Investing in securities is subject to risk. The value of investments can go down as well as up and is not guaranteed. Schroders will not make direct contact with you, via any social media platform or direct messaging service, to sell our products. If you think you have been a victim of a scam or have received unsolicited contact using the Schroders name or any associated names, and have any concerns, then please contact our Financial Crime Team using the details below: Telephone: +44(0)20 7658 4004 Email: [email protected] Schroder Investment Management Limited (Head Office): 1 London Wall Place, London EC2Y 5AU Tel: +44 (0)20 7658 6000 Schroder Fund Advisors LLC, Member FINRA, SIPC (US): 875 Third Avenue, New York, NY, 10022 Tel: +1 (800) 730-2932
