Management Associate, Portfolio Management

Empowering Financial Futures

For more than 65 years, Glenmede's independent ownership, innovation and unwavering commitment to our clients have made us a trusted partner for private wealth, endowment & foundation, and investment management clients.

Our people are invaluable. Through a team-oriented environment, your knowledge, expertise and varied backgrounds contribute to thoughtful innovation. Our culture fosters opportunities for continuous career growth and development in all areas of the organization. Working at Glenmede, you will experience the infrastructure and resources of a large firm combined with the client and employee focus of an independently owned boutique.

Private Wealth:
Empowering the confident pursuit of purpose, passions and legacy through integrated wealth management.

To us, wealth is not static or one-dimensional. The complexities of wealth management require an integrated approach to anticipating, understanding and addressing unique client circumstances. Our team of experts partners with every client to personalize solutions that lead to exceptional outcomes. Our success is determined by the success of our clients.

This position will operate in a hybrid work environment, 3 days per week in the office (Pittsburgh, PA).

The primary function of the Management Associate is to support a team of Relationship Managers, Portfolio Managers and investment specialists in the daily execution of portfolio management responsibilities and the respective daily client service requirements. The role is an integral component of the relationship team and will provide a broad landscape from which to learn the application of holistic, goals-based wealth and investment management.

The Management Associate position is intended for an individual with an interest in portfolio management, construction and implementation for private clients.

Portfolio Management and Investments

• Assist Portfolio Managers in the management of client portfolios. This includes analysis of asset allocation, portfolio construction, and strategy-specific investments to ensure that portfolios are aligned with the client's wealth objectives, investment policy guidelines and Glenmede's best thinking.
• Analyze asset-specific data to formulate perspectives around asset allocation, portfolio construction, and strategy specific investments.
• Synthesize data into observable messages around style/sector tilts, geographic concentrations, performance drivers, risk contribution, and company-specific information.
• Actively participate in internal investment meetings, including morning update, Investment Policy Committee (IPC), and manager/strategy updates by the Manager Research Group (MRG).

Relationship Management and Client Service

• Proactively and independently handle routine to moderately complex client (internal and/or external clients) inquiries as part of the relationship management team.
• Respond to client requests or proactively identify potential issues in the normal course of business, undertake research or take needed action to resolve (with guidance from senior officers where appropriate) and keep all relevant parties informed.
• Cover situations that arise when other team members are out of the office.
• Act as initial point of contact for client and internal communications, manage information flow, prioritize needs, assist with and draft communications, as required.
• Participate in client meetings and conference calls, as requested.
• Assist relationship management team in maintaining client information and communications in the client relationship management (CRM) system in accordance with firm best practices.
• Develop a strong foundational understanding of wealth management topics including; financial, estate and income tax planning.

Portfolio and Account Administration

• Review daily reports (e.g., transaction, overdraft, bond maturity) for possible investment implications.
• Assist in preparation of presentation materials for client meetings.
• Coordinate with wealth planning, wealth advisory, tax, or other departments to ensure deadlines are met.
• Develop an understanding of middle and back office functions and processes and how…