Associate Portfolio Manager

Job Description

We are looking for a personable Associate Portfolio Manager to join our wealth management team in Mercer Island. The Associate PM will be responsible for portfolio construction, rebalancing, trading, and investment strategy analysis.

Coldstream is an employee-owned, independently-operated firm that’s been earning the trust of affluent families and businesses for 28 years. We offer a comprehensive, holistic approach to planning and provide unparalleled advice and exceptional service. We welcome new colleagues who value open communication and believe in building life-long relationships. Founded in 1996, the firm has offices in Seattle, Mercer Island, Bellevue, Kirkland, Portland, Boise, and Kenai, Alaska. For more on Coldstream, please visit www.coldstream.com .

Specific responsibilities will include:

• Use quantitative risk models and optimization to manage multi-asset portfolios
• Perform ongoing, systematic audits of the portfolio rebalancer to ensure portfolios are within the clients’ portfolio targets
• Generating and executing daily trade orders and model-based portfolio rebalancing
• Develop and maintain tools and rebalancer settings to increase trading efficiencies to minimize errors
• Serve on the firm’s Investment Strategy Group (ISG), providing input on strategic and tactical asset allocation guidelines for portfolios firm-wide
• Execute tax loss harvesting
• Monitor cash and yield alternatives (Money Market Funds, CD’s, T-bills, etc.) and communicate best thinking to team
  
  

Experience And Skills

We are looking for a candidate who has:

• Bachelor's degree in Finance or a related field
• FINRA Series 65
• CFA candidate
• 5 years of relevant experience in the financial services industry in a high-net-worth, client-facing environment, including experience with portfolio operations and performance
• Excellent Excel skills; proficiency with Tamarac, Morningstar, and Bloomberg, AdvisorView and Rebalancer are preferred
• Acute attention to detail and proofing skills
• Strong verbal and written communication skills
  
  

Job Benefits

In terms of pay expectations, we assess each candidate individually based on their experience and qualifications and offer competitive compensation that reflects the value they bring to the team. Base pay typically starts between $90k - $120k plus an annual bonus and a generous benefits package.

As a Washington’s Best Workplaces awardee, we pride ourselves on our collaborative and supportive culture. We’ve created a full benefits package that focuses on the growth, health, and wellness of our team members:

• Pay: Competitive base pay plus annual bonus
• Benefits: Fully paid premiums for medical/dental/vision, short-term and long-term disability, and life insurance
• 401(k): 100% company match up to 4% of your annual pay
• Stock: Opportunity to purchase equity and become an owner of the firm
• Paid Time Off: Starting at 16 days per year, then increasing with tenure - plus 10 holidays and an extra paid day off each year to do volunteer work
• Career development: 100% training/certification/licensing/dues reimbursement and mentoring program
• Parking: heavily subsidized parking or transit pass
• Wellness reimbursement
• Paid sabbaticals and anniversary bonuses
  
  

Coldstream is committed to inclusion and diversity. To us, diversity means employing team members of different races, genders, ages, physical abilities, national origins, religions, sexual orientations, ethnicities, political ideologies, educational and military backgrounds, and more. We welcome, support, and respect all team members, and we value the wide variety of experiences, opinions, and talents that they bring to the company. As we grow, we continue to cultivate an environment in which all team members’ perspectives and contributions are treated with respect, and every individual feels confident that they belong and are empowered to be their best.