Senior Investment Manager - Private Wealth Management

Job Description:

The Department

Strategic Advisers, LLC. (SAI) is a registered investment advisor and wholly owned subsidiary of FMR LLC that provides investment management services to clients through Fidelity’s retail and institutional distribution channels. For more than 20 years SAI has specialized in the design, construction and management of asset allocation solutions, as well as the methodologies for many of Fidelity’s investment planning tools, to help investors reach their financial goals. With over $900 billion in assets under management in a blend of Fidelity and third party investment vehicles, the SAI team of investment professionals constructs and manages asset allocation portfolios for over one million customer accounts. As part of SAI, the Private Wealth Management Investment Team is focused exclusively on providing investment solutions for Fidelity’s highest net worth clients.

The Role

• Strategic Advisers is looking for a Private Wealth Senior Investment Manager to join the team. Fidelity’s Private Wealth Management team provides personalized, integrated and comprehensive wealth management advice, planning and investment management to high-net-worth clients. The offering has evolved into a successful wealth management capability with demonstrated success in retaining and developing Fidelity’s largest and most complex clients who seek more personalized investment solutions. This person will be responsible for running and implementing SAI’s most innovative and sophisticated investment solutions to solve complex investment needs for our clients using customized asset allocation and asset location strategies. This role will involve collaborating with a team of wealth management authorities to create tailored investment solutions that integrate with a range of sophisticated wealth management capabilities. The managed portfolios this role will be responsible for will range in size from $2 million to potentially $150 million, with combined total managed assets ranging from $4 - $10 billion. Playing a role in SAI's next generation of managed account strategies, the candidate will be required to act as an investment leader with vision on new investment concepts within Fidelity.

Primary Responsibilities

I. Portfolio Management

• Manage individual client portfolios applying complex portfolio construction techniques that involve the coordination of asset location, allocation, and broad vehicle selection across equity and fixed income asset classes.
• Develop a deep understanding of internal research to lead the translation of the best ideas into client portfolios to achieve superior returns consistent with the SAI investment philosophy.
• Build highly personalized portfolios for clients through proactive portfolio construction strategies, incorporating the impacts of estate planning, large quantities of legacy investments, and other complex plans needs.
• Mastery of portfolio construction and investment analytic software to implement complex portfolio construction across multi account registrations types while being able to clearly understand the impacts on investment risk and return characteristics.
• Help to evolve future investment philosophy and investment processes, and participate in generating new insights for future technical design requirements.

II. Client Engagement

• Provide highly adaptive communication on sophisticated investment concepts to a diverse variety of Fidelity’s clients.
• Collaborate with Fidelity’s Wealth Strategists to quickly generate key observations about a client wealth plan, potential pathways for appropriate investment solutions, and an implementation strategy.
• Generate customized communication incorporating analysis on performance attribution, portfolio positioning, and the impact capital market events on specific client portfolios.
• Ability to present detailed investment processes, philosophies, and capital market dynamics in front of larger groups including both internal colleagues and external clients.

Qualifications

Experience/Education

• Advanced degree preferred; degree or emphasis in finance/accounting/economics subjects strongly preferred.
• Existing or progress toward CFA, CPA, or CFP credential preferred.
• Demonstrated experience in a role working directly with clients, preferably with HNW clients.
• Minimum of 15 years of relevant investment experience in research, portfolio management, or trading.

Skills and Knowledge:

• Ability to operate in a fast-paced environment with the ability to multi-task, be adaptable, and solve problems creatively.
• Strong communication skills that have a balance of substance, style, and confidence.
• Outstanding attention to detail, as well as superior analytical skills that allow for independent judgment and reasoning while dealing with significant time constraints.
• Demonstrated understanding of quantitative portfolio construction techniques in a taxable, private wealth environment.
• Solid understanding of a wide range of wealth management strategies involving financial and estate planning.
• Ability to travel on a quarterly basis as client communication is split between phone calls, video conference and on-site visits.

Location:

• San Francisco, CA

Certifications:

Company Overview

Fidelity Investments is a privately held company with a mission to strengthen the financial well-being of our clients. We help people invest and plan for their future. We assist companies and non-profit organizations in delivering benefits to their employees. And we provide institutions and independent advisors with investment and technology solutions to help invest their own clients’ money.

Join Us

At Fidelity, you’ll find endless opportunities to build a meaningful career that positively impacts peoples’ lives, including yours. You can take advantage of flexible benefits that support you through every stage of your career, empowering you to thrive at work and at home. Honored with a Glassdoor Employees’ Choice Award, we have been recognized by our employees as a top 10 Best Place to Work in 2024. And you don’t need a finance background to succeed at Fidelity—we offer a range of opportunities for learning so you can build the career you’ve always imagined.

Fidelity’s hybrid working model blends the best of both onsite and offsite work experiences. Having the majority of our associates work onsite is important for our business strategy and our culture. We also value the benefits that working offsite offers associates. Most roles listed as Hybrid will require associates to work onsite all business days of every other week in a Fidelity office. This does not apply to roles listed as Remote or Onsite.

At Fidelity, we value honesty, integrity, and the safety of our associates and customers within a heavily regulated industry. Certain roles may require candidates to go through a preliminary credit check during the screening process. Candidates who are presented with a Fidelity offer will need to go through a background investigation, detailed in this document, and may be asked to provide additional documentation as requested. This investigation includes but is not limited to a criminal, civil litigations and regulatory review, employment, education, and credit review (role dependent). These investigations will account for 7 years or more of history, depending on the role. Where permitted by federal or state law, Fidelity will also conduct a pre-employment drug screen, which will review for the following substances: Amphetamines, THC (marijuana), cocaine, opiates, phencyclidine.

We invite you to Find Your Fidelity at fidelitycareers.com.

Fidelity Investments is an equal opportunity employer. We believe that the most effective way to attract, develop and retain a diverse workforce is to build an enduring culture of inclusion and belonging.

Fidelity will reasonably accommodate applicants with disabilities who need adjustments to participate in the application or interview process. To initiate a request for an accommodation, contact the HR Accommodation Team by sending an email to accommodations@fmr.com.