Vestmark is seeking a VP, Product Management to own the strategy and roadmap for the portfolio management capabilities within the Vestmark platform and more specifically Vestmark VAST. VAST is Vestmark's direct indexing and tax-aware portfolio management platform, built to deliver "Personalized Investing at Scale." Managed by Vestmark Advisory Solutions (VAS), VAST combines a proprietary risk-based optimization engine with a rules-driven alerts and trading workflow to personalize and tax-manage thousands of accounts.
This is a subject-matter-expert role: you will be the definitive product voice and decision-maker for how Vestmark's multi-sleeve, multi-manager portfolio construction, trading, and rebalancing tools work — and how those capabilities get delivered to the wealth management channel (broker-dealers, RIAs, TAMPs, and bank trust programs) as well as the asset managers and overlay managers who operate within them.
The ideal candidate has built quantitative portfolio management technology solutions for asset managers and deeply understands how UMA sleeve structures, overlay trading, tax management, and rebalancing engines work in practice. You know the difference between sleeve-level performance attribution and household-level asset location rebalancing, you understand trading discretion at the account vs. sleeve level, and you can translate that operational fluency into a platform roadmap that scales across dozens of sponsor programs and thousands of accounts.
You will partner closely with engineering and client delivery to design and ship systems that Portfolio Managers want to use, while ensuring those solutions are commercially viable and configurable for Vestmark's wealth management sponsor clients. Given the natural overlap between this role's product surface and Vestmark Advisory Solutions' (VAS) own portfolio management team, you will maintain a strong working relationship with VAS leadership to ensure the roadmap reflects real, day-to-day portfolio management needs.
Responsibilities
- Own the product strategy, vision, and roadmap for UMA, SMA, and multi-sleeve portfolio construction, overlay trading, and rebalancing capabilities across the VAST platform.
- Translate the operational realities of Portfolio Management — trading discretion, sleeve vs. account-level rebalancing, cash coordination across sleeves, tax overlay management, composite/performance attribution — into clear, prioritized product requirements
- Act as the internal subject-matter authority on UMA structures (sleeves, base sleeves, overlay managers, manager-traded sleeves, flexible/custom models) and how they intersect with household-level asset location rebalancing
- Partner with engineering and design to architect scalable solutions that serve both large wirehouse/broker-dealer UMA programs and asset manager/overlay manager workflows
- Work directly with Portfolio Managers, overlay managers, and asset manager partners (both internal at VAS and external sponsor-side clients) to gather requirements and validate solutions before and after delivery
- Maintain a strong relationship with the Advisory Solutions (VAS) organization, ensuring the product roadmap reflects the needs of Vestmark's own Portfolio Management team as a proving ground for the broader wealth channel
- Define and prioritize the backlog for your product area, balancing strategic platform investments against client-specific and regulatory-driven commitments
- Represent Vestmark's UMA and portfolio management capabilities in client and prospect conversations, RFPs, and executive business reviews
- Partner with Sales, Relationship Management, and Client Delivery to ensure new and existing wealth management clients can successfully adopt and scale on the platform
- Stay current on industry trends in managed accounts, direct indexing, tax management, and multi-manager portfolio construction, and translate them into platform investment decisions
- Contribute to the growth and development of our core values: We Before Me, Positive Energy, Knowledge Explorer, and Own It
Qualifications
- 10+ years of experience in product management, portfolio management, or investment technology roles within the wealth management or asset management industry
- Deep understanding of managed account concepts: sleeves, overlay management, trading discretion (account vs. sleeve level), rebalancing engines, tax transition/tax-loss harvesting, and composite performance attribution
- Proven ability to translate complex investment operations concepts into product requirements and user experiences for both internal Portfolio Managers and external sponsor/wealth management clients
- Experience delivering platform capabilities to a wealth management or broker-dealer/RIA/TAMP audience (the "wealth channel"), ideally including exposure to multi-manager or model marketplace distribution
- Strong track record partnering with engineering and design teams to ship complex, scalable financial technology solutions. Ability to work with cross-functional teams including service, marketing, sales, account management to understand product requirements and launch new products.
- Excellent communication and executive presence; comfortable presenting to clients, prospects, and senior internal stakeholders
- Bachelor's degree required; CFA, CIMA, or similar investment credential a plus
Preferred Experience
- Familiarity with optimization and rebalancing tools (e.g., Northfield, BARRA/Axioma) and how they inform sleeve-level and household-level trading decisions
- Experience owning product for platforms that integrate portfolio optimization engines (e.g., Northfield, Barra, or similar) into automated, rules-based trading and rebalancing workflows.
- Background at a wirehouse, broker-dealer, RIA aggregator, TAMP, or an asset manager delivering tax-managed investment solutions.
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 It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.
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, company-paid medical premiums of 90%, a competitive time-off program, and other variable compensation, if eligible.
Skills Required
- 10+ years of experience in product management, portfolio management, or investment technology within wealth management or asset management
- Deep understanding of managed account concepts: sleeves, overlay management, trading discretion, rebalancing engines, tax-loss harvesting, and performance attribution
- Proven ability to translate complex investment operations into product requirements and user experiences for internal and external stakeholders
- Experience delivering platform capabilities to wealth management or broker-dealer/RIA/TAMP audiences, including multi-manager or model marketplace distribution
- Strong track record partnering with engineering and design to ship complex, scalable financial technology solutions
- Excellent communication and executive presence; comfortable presenting to clients, prospects, and senior stakeholders
- Bachelor's degree
- CFA, CIMA, or similar investment credential
- Familiarity with optimization and rebalancing tools (e.g., Northfield, BARRA/Axioma) and integrating portfolio optimization engines into trading/rebalancing workflows
- Background at a wirehouse, broker-dealer, RIA aggregator, TAMP, or asset manager delivering tax-managed investment solutions
What the Team is Saying
Vestmark, Inc. Compensation & Benefits Highlights
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Healthcare Strength — Healthcare coverage is described as robust, with a high employer-paid share of premiums, multiple medical plan options including an HSA, and dental and vision coverage. An EAP and ongoing wellness initiatives complement the core health benefits.
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Leave & Time Off Breadth — Time off is clearly structured with a solid vacation baseline that increases with tenure, alongside sick time, paid holidays, and parental and other paid leaves. Clarity and published PTO policies are emphasized as a plus.
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Retirement Support — Retirement benefits include a matched 401(k) characterized as competitive for similar-sized tech firms, with traditional and Roth options available. The structure is presented as straightforward and reliable.
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.
