Full-Time

Direct Indexing

Specialist, Associate Portfolio Manager

Posted on 1/23/2025

Vanguard

Vanguard

10,001+ employees

Client-owned investment management firm offering low-cost funds

Fintech
Financial Services

Compensation Overview

$70k - $125kAnnually

Senior

No H1B Sponsorship

Oakland, CA, USA

The job is hybrid, requiring some in-office presence.

Category
Asset Management
Financial Planning and Analysis (FP&A)
Finance & Banking
Required Skills
Data Analysis

You match the following Vanguard's candidate preferences

Employers are more likely to interview you if you match these preferences:

Degree
Experience
Requirements
  • Five years' related work experience in the Financial Services industry or client services preferred.
  • Undergraduate degree or equivalent combination of training and experience.
  • Progress towards or completion of CFA or CFP preferred.
Responsibilities
  • Prepares assigned direct indexing portfolios that meet or exceed performance standards consistent with investment objectives, and adhering to client-specified or regulatory restrictions and constraints.
  • Collaborates and partners with investment advisors to deliver portfolio construction plans. Offers strategies for financial planning and set up required personalized indexing capabilities for clients.
  • Analyzes portfolio management data and coordinates resolution of process issues. Collaborates with internal collaborators to investigate exceptions within trading instructions.
  • Reviews and monitors portfolios' trading activity to ensure portfolios track assigned index appropriately and accurately.
  • Supports the delivery of sophisticated portfolio construction and management strategy for sophisticated financial planning accounts.
  • Builds relationships with external clients and internal departments. Acts as a liaison to facilitate a successful strategic approach to meet client and business needs.
  • Participates in and may lead initiatives to improve departmental policies and procedures. Review workflow changes to ensure they better meet evolving business needs and maintain adherence to external regulations.
  • Participates in special projects and performs other duties as assigned.

Vanguard provides financial services with a focus on investment management. The company offers a variety of products, including mutual funds, exchange-traded funds (ETFs), individual retirement accounts (IRAs), and 401k rollovers, aimed at individual investors, financial advisors, and institutions. Vanguard's unique ownership structure means it is owned by its funds, which are in turn owned by the clients, allowing it to prioritize the needs of its investors over external shareholders. This model enables Vanguard to offer low-cost investment options, as it primarily earns revenue through management fees that are generally lower than those of its competitors. Additionally, Vanguard provides personalized investment advisory services, charging fees based on the assets managed. The company's goal is to help clients grow their wealth and achieve their financial objectives through effective investment strategies, while maintaining a commitment to cost efficiency and investor value.

Company Stage

Private

Total Funding

N/A

Headquarters

Kline Township, Pennsylvania

Founded

1975

Simplify Jobs

Simplify's Take

What believers are saying

  • Vanguard's new active bond ETFs offer diversified, low-cost fixed income options.
  • The acquisition of Steelcase shares diversifies Vanguard's portfolio into the furniture industry.
  • Launching the International Dividend Growth Fund appeals to investors seeking sustainable dividend growth.

What critics are saying

  • Competition from AI-driven platforms like Writer challenges Vanguard's traditional advisory services.
  • Vanguard's stake in Steelcase exposes it to the volatile furniture market.
  • New active bond ETFs may struggle in a low-yield environment with increasing competition.

What makes Vanguard unique

  • Vanguard is client-owned, aligning its interests with investors, unlike traditional firms.
  • The firm offers low-cost investment products, making it attractive to cost-conscious investors.
  • Vanguard's ownership structure allows it to focus on long-term investor value.

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Benefits

Best-in-class medical, dental & vision coverage

Onsite health clinic & fitness center

Health Smart Rewards program

Vanguard Retirement Savings Plan

Education Benefits

PTO

Family Planning Benefist

Parental leave

Personal development opportunities

Volunteer Time Off

INACTIVE