Senior Portfolio Manager

About the role

The Senior Portfolio Manager is the discretionary portfolio manager for the Private Client Office and is responsible for constructing, implementing, and maintaining portfolios for the group’s client households. This is an ownership role, not an advisory or research role. The individual will hold discretionary authority over client accounts and will be accountable for the decisions made within them.

Responsibilities

Scope and Operating Environment: The Senior Portfolio Manager will be responsible for approximately 10 to 15 client households, representing roughly 100 to 150 individually managed accounts across taxable, retirement, trust, and entity structures. Accounts are predominantly managed individually. The role does not currently operate on a block trading or single-model basis. Position sizing, tax lot selection, cash needs, and restrictions are handled at the account level. The individual is responsible for trade rotation and fair allocation practices across accounts, and for maintaining documentation consistent with firm best execution standards. The individual will build and maintain a preferred universe of ETFs, funds, and individual securities alongside the platform offerings available through Cetera Investment Advisers.

Authority and Oversight: The Senior Portfolio Manager holds day-to-day discretionary authority for portfolio construction, implementation, rebalancing, and tax management within each client’s stated objectives and investment policy. The PCO Director functions in a chief investment officer capacity over the group. The Director sets objectives, constraints, and investment policy, and retains final authority over material portfolio decisions, including significant position exits, new position additions, and changes to the approved universe. Day-to-day implementation within that framework belongs to the Senior Portfolio Manager.

Working With Lead Advisors: Lead advisors vary in how involved they wish to be in investment strategy. Some will want to remain active participants in portfolio decisions and client communication. Others will hand the investment relationship over entirely. The Senior Portfolio Manager is expected to work effectively with both, partnering with lead advisors on client communication and portfolio strategy while maintaining the discipline and consistency of the underlying investment process.

Build Phase Expectations: This position is part of the initial buildout of the Private Client Office. The account base will start small and grow deliberately. The first twelve to eighteen months will involve building the investment process, portfolio templates, rebalancing and trading workflow, reporting standards, and the approved universe from the ground up.

Primary Responsibilities:

• Serve as discretionary portfolio manager for PCO client households.
• Own asset allocation, portfolio construction, and account location strategy across taxable, qualified, and trust structures.
• Execute tax-aware transitions, portfolio changes, rebalancing, and loss harvesting across individually managed accounts.
• Manage concentrated stock positions, including monetization, hedging, and structured exit strategies.
• Integrate private investments and alternatives into household portfolio construction, including capital call pacing and liquidity modeling.
• Own trade rotation, allocation fairness, and best execution documentation across accounts.
• Partner with lead advisors on client communication and portfolio strategy