Director Portfolio Management

Job Description

Job Description

Director, Portfolio Management Chicago, IL (Hybrid, 3 days in office)

A fast-growing, fee-only fiduciary advisory firm is adding a new fundamental equity strategy to its platform and is hiring a Director of Portfolio Management to lead it. Roughly $450M in assets is coming over to seed the strategy, with a clear runway to scale across the firm's $3B+ legacy client base.

This is a real stock-picker's seat. The work is long-term and value-oriented: quality businesses at reasonable prices, disciplined risk management, customized client outcomes. If you've spent your career building individual stock portfolios and want to do it at scale inside a growing wealth platform, this is the seat.

What you'll own

Portfolio Management & Construction

• Build and manage customized equity portfolios aligned to client objectives
• Develop strategic asset allocation frameworks tailored to HNW client needs
• Maintain a long-term investment philosophy emphasizing quality businesses and valuation discipline
• Evaluate buy, sell, and hold decisions based on fundamental analysis
• Incorporate risk management strategies, including hedging and options where appropriate
• Lead portfolio positioning through market cycles, including down markets and recoveries

Investment Research & Idea Generation

• Conduct in-depth fundamental research on individual securities
• Monitor earnings calls, company filings, and market-moving news
• Evaluate new information and adjust investment theses as needed
• Develop and present investment recommendations and model portfolios
• Maintain a high-conviction US Large Cap Equity buy list

Performance & Risk Oversight

• Track and evaluate portfolio performance relative to benchmarks
• Manage downside risk in volatile markets
• Lead portfolio rebalancing strategies in response to market conditions
• Ensure alignment with client risk tolerances and investment objectives

Client Engagement

• Serve as a client-facing investment expert
• Communicate portfolio positioning, market insights, and investment decisions clearly
• Support retention and growth of HNW client relationships
• Maintain responsiveness consistent with a high-touch service model

Strategic Contribution

• Introduce differentiated investment capabilities, including hedging and active management approaches
• Support legacy client portfolio strategies requiring customization
• Partner with senior leadership to evolve investment processes and scalability

What you bring

• CFA designation (required, no exceptions)
• 10+ years in portfolio management and fundamental equity investing
• Demonstrated experience building and managing individual stock portfolios
• Proven track record of performance across multiple market cycles
• Strong analytical, modeling, and communication skills
• Experience across multiple firms or investment environments preferred

Role details

• Location: Chicago (3 days in office required)
• Classification: Full-time, exempt, 40+ hours per week