Adhesion is a $7bil Managed Account Platform designed for Registered Investment Advisors (RIA) who are looking to bring their clients - and their businesses - to the next level. We passionately believe in the RIA community, the fiduciary model and doing whatever it takes to raise the bar in the delivery of conflict-free, fee-based investment advice to consumers. We have dedicated ourselves exclusively to this cause for over a decade.

The Overlay Portfolio Manager will assist with monitoring client accounts to ensure they are continually aligned with their investment mandate and done so in a manner consistent with their service levels.  These functions will include tax, cash, drift and allocation alignment. The Overlay Portfolio Manager will also assist with trading and executing manager model changes.

Responsibilities:

  • Re-balancing accounts to model portfolios; analyzing results and ensuring compliance to stated mandates.
  • Entering model changes and work up manager trades.
  • Processing of new accounts as well as changes to established portfolios and model strategies. 
  • Monitor and rectifying portfolio alerts and out of balance conditions
  • Participate as back up for block trading (equities, ETFs) using custodian and step-out brokerage relationship. Also support direct upload of fund and trades.
  • Timely processing of scheduled account maintenance
  • Work with custodians and other partners to optimize the trading process while reducing risk and potential for error. 
  • Work on special projects as assigned by Director of the group.
  • Participating in the quarterly trading-review meeting and assisting in best-execution evaluation committee.
  • Liaison between Overlay Portfolio Management and other departments within the Firm (client support, portfolio operations, etc.)
  • Monitor, manage, and review client case requests to completion within an SLA or timely manner.

Qualifications & Requirements:

  • 2-5 Years of client portfolio management, wealth management, investment advisory or sponsor environment. Individual security selection and manager research is not a desired skill for this position.
  • Direct experience with portfolio re-balancing practices. Familiarity with overlay / UMA tools and or practices a definite plus.
  • Strong organizational skills 
  • A person with a strong sense of personal accountability, an entrepreneurial spirit with a roll-up-your-sleeves mentality.
  • Good communication skills with a strong attention to detail.
  • Ability and desire to work in a fast-paced, market-oriented environment, capable of working under pressing deadlines. 
  • Proficiency in the investment advisory business including a thorough understanding of investment product types (e.g., managed accounts, ETFs, alternative investments.) and investment advisor operations (i.e. portfolio accounting, portfolio management trading, client/ performance reporting).
  • Four-year undergraduate degree

Apply for this Job

* Required