Vice President, Portfolio Manager

Description

The Vice President, Portfolio Manager is responsible for managing discretionary investment portfolios and serving as a trusted advisor to high-net-worth individuals, families, trusts, retirement plans, foundations, endowments, and institutional clients. This role combines investment management expertise with relationship management, fiduciary oversight, and business development to deliver customized investment solutions that align with each client's financial objectives and risk profile.

The Vice President works collaboratively with Trust Officers, Wealth Advisors, Financial Advisors, Relationship Managers, Family Office professionals, and senior investment leadership to provide exceptional client service while supporting the firm's strategic growth objectives. The ideal candidate demonstrates strong investment acumen, excellent communication skills, sound fiduciary judgment, and a commitment to delivering an outstanding client experience.

This position reports to the Senior Vice President, Portfolio Manager, Chief Investment Officer, or Head of Investments, CEO and President

Essential Duties/Responsibilities

to be performed with or without accommodation

Primary Responsibilities

Portfolio Management

• Manage diversified discretionary investment portfolios for individuals, trusts, retirement plans, foundations, endowments, corporations, and institutional clients.
• Develop, implement, and monitor investment strategies consistent with each client's Investment Policy Statement (IPS), objectives, liquidity needs, tax considerations, and risk tolerance.
• Construct portfolios utilizing equities, fixed income, mutual funds, exchange-traded funds (ETFs), cash management solutions, and alternative investments where appropriate.
• Execute investment decisions consistent with the firm's investment philosophy and approved asset allocation models.
• Conduct ongoing portfolio monitoring and recommend changes based on market conditions, client objectives, and evolving financial circumstances.
• Review portfolio performance, risk characteristics, diversification, and investment manager effectiveness.
• Maintain comprehensive documentation supporting investment decisions and fiduciary oversight.

Client Relationship Management

• Serve as the primary investment contact for assigned client relationships.
• Develop long-term relationships built upon trust, responsiveness, and exceptional service.
• Meet regularly with clients to review investment performance, objectives, and financial planning considerations.
• Clearly explain investment philosophy, portfolio strategy, market conditions, and performance results in language appropriate for each client.
• Anticipate client needs and proactively recommend investment solutions.
• Coordinate with attorneys, CPAs, financial advisors, and other professional advisors to deliver integrated wealth management services.
• Maintain a high level of client satisfaction through timely communication and proactive relationship management.

Business Development

• Support efforts to grow Assets Under Management (AUM) through exceptional client service and relationship development.
• Partner with Trust Officers, Financial Advisors, and Business Development professionals to identify and pursue new investment opportunities.
• Participate in client and prospect meetings by presenting the firm's investment philosophy, process, and capabilities.
• Build productive relationships with referral sources and centers of influence, including attorneys, CPAs, and financial professionals.
• Identify opportunities to expand services within existing client relationships.

Investment Committee & Research

• Participate in Investment Committee meetings by presenting portfolio updates, investment recommendations, and market observations.
• Monitor domestic and global capital markets, economic trends, interest rates, and industry developments.
• Analyze investment research and evaluate new investment opportunities.
• Assist with manager due diligence and investment product evaluations.
• Prepare investment commentary, client presentation materials, and market updates.

Collaboration

• Work closely with Trust Administration, Compliance, Operations, Client Service, Risk Management, and Wealth Management teams.
• Promote collaboration across business lines to ensure consistent delivery of fiduciary services.
• Share investment knowledge and best practices with colleagues.
• Support onboarding and mentoring of junior investment professionals as appropriate.
• Contribute to a culture of accountability, professionalism, teamwork, and continuous improvement.

Risk Management & Compliance

• Ensure investment activities comply with:
  • Investment Policy Statements (IPS)
  • Fiduciary standards
  • SEC regulations
  • State trust regulations
  • OCC fiduciary principles and national trust charter expectations
  • Internal investment policies
  • Code of Ethics
  • Compliance procedures
  • Best execution standards
  • Personal trading policies
• Maintain accurate investment documentation and portfolio records.
• Participate in regulatory examinations, internal audits, and investment reviews.
• Escalate material investment, operational, or fiduciary risks promptly.

Requirements

Experience, Education, Certifications, Licenses

required to perform essential functions

Required

• Bachelor's degree in Finance, Economics, Accounting, Business Administration, or a related discipline.
• 4–7+ years of progressively responsible portfolio management or investment advisory experience.
• Chartered Financial Analyst ( CFA®) designation required.
• Experience managing discretionary investment portfolios.
• Strong understanding of portfolio construction, asset allocation, equity and fixed income markets, investment research, and risk management.
• Experience working with high-net-worth individuals, trusts, retirement plans, or institutional clients.
• Excellent relationship management and client communication skills.
• Demonstrated ability to present complex investment concepts clearly and confidently.
• Strong analytical, organizational, and problem-solving abilities.
• Ability to work independently while collaborating effectively across multidisciplinary teams.

Preferred

• MBA or other advanced graduate degree.
• Experience with a trust company, bank trust department, registered investment adviser (RIA), family office, or institutional asset manager.
• Familiarity with fiduciary administration, trust accounting, and estate planning concepts.
• Experience supporting business development initiatives and participating in client presentations.

Core Competencies

• Portfolio Management
• Investment Strategy
• Asset Allocation
• Capital Markets Knowledge
• Equity & Fixed Income Analysis
• Fiduciary Responsibility
• Risk Management
• Client Relationship Management
• Business Development
• Communication & Presentation
• Investment ResearchCollaboration
• Analytical Thinking
• Attention to Detail
• Professional Judgment
• Regulatory Compliance
• Time Management
• Integrity & Accountability

Success Measures

Within the first 12 months, the Vice President, Portfolio Manager will:

• Successfully manage assigned investment portfolios in accordance with fiduciary standards and investment policy.
• Build trusted relationships with clients and internal partners.
• Deliver timely and proactive investment advice and portfolio reviews.
• Contribute to the growth of Assets Under Management (AUM) through client retention and new business development.
• Participate effectively in Investment Committee governance.
• Maintain full compliance with regulatory and internal investment requirements.
• Demonstrate consistent collaboration across Trust, Wealth Management, Family Office, and Institutional Trust teams.

Work Environment and Physical Demands

required to perform essential functions

• Moderate noise (business office with computers, phone, printers, light traffic)
• Ability to sit at a computer for an extended period of time
• Regularly required to sit, stand, talk, hear, and use hands and fingers to operate a computer keyboard and telephone
• Specific vision abilities include close vision requirements due to computer work

Midwest Advisors is an Equal Opportunity Employer