CO Salary Range: USD 100,000.00 - 165,000.00 per year
Job Description:
The Department
With over one Trillion of dollars in assets under management in a blend of Fidelity and third-party investment vehicles, Fidelity's Strategic Advisers, LLC is a leading provider of asset allocation solutions for retail, institutional, and high net worth clients. The range of investment solutions include managed accounts, financial planning frameworks and custom solutions.
Strategic Advisers is a registered investment adviser and Fidelity Investments Company and serves as the investment manager to all Fidelity managed accounts offered by Fidelity's Portfolio Advisory Services and through Fidelity's Wealth Management Advisory Services. We construct and manage asset allocation portfolios for over 3.5 million customer accounts.
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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 Associate Investment Manager will join the Personalized Wealth Management team in our Denver office. The role is both to support senior members of the team, as well as provide 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. Candidates must be a CFA, CFP or be willing to sit for or have passed the Series 65.
Responsibilities
Investment Management Support
- Provide support to our Sr. Investment Managers; prepare for client meetings, including running portfolio analysis and performance attribution reports.
- Provide personalized transition analysis for hypothetical scenarios and recommendations to clients on security transfers for charitable intentions.
- Monitor and update portfolio assignment for Sr. Investment Managers
Portfolio Trading/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 options.
- 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.
- Monitor and carry out fiduciary responsibilities with a high-level of integrity.
Qualifications
Experience/Education
- Prior experience within financial services
- Graduate degree preferred; degree or emphasis in Engineering/Computer Science/ Data Science/Accounting/Economics subjects strongly preferred.
- Existing or progress toward CFA, CFP or Series 65 credential preferred; or, a willingness to obtain the Series 65 and work towards CFA or CPF.
Skills and Knowledge
- Ability to work effectively on a collaborative team with a strong spirit of innovation.
- Understanding of portfolio theory and quantitative portfolio construction techniques in a taxable environment.
- Technical and programming skills including R, Python, Java, and SQL is a plus, but not required.
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