Vestmark has been supporting clients’ direct indexing solutions for more than a decade. As we embark on our next stage of growth and evolution, Vestmark Advisory Solutions seeks a Portfolio Manager in our direct indexing investment management team. This person will be a key member of the portfolio management team, contribute to the development of direct indexing solutions, and manage the day-to-day personalized portfolios including portfolio management and rebalance, ESG customizations and tax optimization. In addition, this person will work in a fast paced, dynamic environment with a growth mindset to support future expansions of new products and asset classes. This position can be based out of Wakefield, MA or Remote.
Key Responsibilities:
- Be a key contributor in the development and implementation of direct indexing solutions
- Provide day-to-day portfolio management of direct index portfolios including portfolio construction, rebalance, monitor index changes and corporate actions, manage client activities and trade review
- Provide tax transitioning and tax loss harvesting to maximize tax efficiency
- Provide portfolio analysis, reporting and monitoring of direct index strategies and ad-hoc analysis
- Work closely with trading, client service, operations to improve portfolio management efficiency, maximize investment outcome and ensure client success
- Collaborate with internal stakeholders to improve investment processes, and enhance investment management tools and systems
Qualifications:
- Bachelor’s degree in a relevant field required, Graduate degree and CFA designation strongly preferred
- 5-7+ years of hands-on investment management experience
- Experience managing equity portfolios maximizing tax efficiency while tracking an index, experience managing direct index portfolios strongly preferred
- Experience in tax loss harvesting and generate tax alpha
- Strong understanding of direct indexing, customizations, ESG and sustainability investing, and tax optimization
- Strong operational experience running, analyzing, and improving processes and systems
- Working knowledge and experience using equity risk models and portfolio optimizers
- Excellent communication and collaboration skills, team-player
- Strong quantitative and analytical skills
- Contribute to the growth and development of our core values: We Before Me, Positive Energy, Knowledge Explorer, and Own It
Vestmark is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees. Vestmark prohibits employment discrimination on the basis of race, color, religion, gender identity, sex, sexual orientation, pregnancy, national origin, age, disability status, protected military or veteran status, and genetic information. #LI-TG1 #LI-Remote
Vestmark takes a market-based approach to compensation to ensure we pay fairly and competitively. Compensation for this role depends on several factors such as skills, experience, qualifications, job scope and location.
In addition to base salary, Vestmark offers a comprehensive total rewards package, which includes equity-based grants for all new hires, company-paid medical premiums of 90%, a competitive time-off program, and other variable compensation, if eligible.
Skills Required
- Bachelor's degree in a relevant field
- Graduate degree and CFA designation
- 5-7+ years of hands-on investment management experience
- Experience managing equity portfolios to maximize tax efficiency while tracking an index
- Experience managing direct index portfolios
- Experience in tax loss harvesting and generating tax alpha
- Strong understanding of direct indexing, customizations, ESG and sustainability investing, and tax optimization
- Strong operational experience running, analyzing, and improving processes and systems
- Working knowledge and experience using equity risk models and portfolio optimizers
- Excellent communication and collaboration skills, team-player
- Strong quantitative and analytical skills
What the Team is Saying
Vestmark, Inc. Compensation & Benefits Highlights
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Healthcare Strength — Medical coverage is described as robust, with the employer covering a large share of premiums and offering multiple plan options including an HSA, alongside dental, vision, life, and disability. Wellness supports such as on-site fitness access, reimbursements, and incentive programs further reinforce overall health benefits.
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Leave & Time Off Breadth — Time off is structured with vacation, sick time, and a full set of company holidays, and public materials characterize the PTO and holiday policies favorably. Additional paid leaves are also listed.
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Retirement Support — A 401(k) program includes employer matching with vesting after a short service period, positioned as competitive for a midsize fintech employer. Traditional and Roth options and references to true-up practices strengthen the retirement offering.
Vestmark, Inc. Insights
What We Do
Headquartered outside of Boston, Mass. and founded in 2001, Vestmark is a leading provider of portfolio management/trading solutions and outsourced services for financial institutions and their advisors, enabling them to efficiently manage and trade customized client portfolios through an innovative SaaS platform. Supporting over $1.5 trillion in assets and more than 5 million accounts, Vestmark is a partner to some of the largest and most respected wealth management firms.
Why Work With Us
Our employees are the reason we've been named a Best Places to Work for several years! Our thriving hybrid work culture promotes individual growth, team collaboration, and employee wellness. This environment keeps client satisfaction high and employee turn-over low.
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Vestmark, Inc. Offices
Hybrid Workspace
Employees engage in a combination of remote and on-site work.
We have a mix of fully remote, hybrid, and in-office employees. We established Tuesdays & Thursdays as collaboration days for hybrid employees.
