What are the responsibilities and job description for the Portfolio Manager & Financial Planner position at Northwestern Mutual?
Portfolio Manager & Financial Planner
Position Summary
Raghu Rajagopalan, Wealth Management Advisor -Northwestern Mutual a dynamic and growing wealth management firm, is seeking a highly motivated Portfolio Manager/Financial Planner to join our team and support our mission of helping clients align their values, goals and wealth.
The Portfolio Manager & Financial Planner is responsible for delivering customized investment management and comprehensive wealth planning solutions to high-net-worth individuals, families, retirees, and business owners. The role combines institutional-quality portfolio management with consultative financial planning to help clients achieve long-term financial objectives.
The ideal candidate possesses strong investment acumen, exceptional relationship management skills, and the ability to translate complex financial concepts into actionable client strategies.
Key Responsibilities
Investment & Portfolio Management
Portfolio Construction & Management
- Build and manage diversified investment portfolios aligned with client objectives, risk tolerance, tax considerations, liquidity needs, and investment policy guidelines.
- Develop strategic and tactical asset allocation recommendations.
- Conduct security, manager, mutual fund, ETF, and alternative investment due diligence.
- Oversee portfolio implementation, rebalancing, and trading activities.
- Monitor portfolio performance relative to benchmarks and client goals.
- Evaluate portfolio risk exposures and recommend appropriate adjustments.
Investment Research & Market Analysis
- Analyze market trends, economic conditions, interest rate environments, and capital market developments.
- Participate in investment committee discussions and investment strategy development.
- Provide market commentary and portfolio updates to clients and internal stakeholders.
- Research investment opportunities across equity, fixed income, alternative, and private market asset classes.
Risk Management
- Monitor concentration, liquidity, and portfolio-specific risks.
- Ensure portfolios remain aligned with investment policy statements and fiduciary standards.
- Implement tax-efficient investment strategies where appropriate.
- Maintain compliance with regulatory requirements and firm investment guidelines.
Financial Planning & Client Relationship Management
Financial Planning
- Develop and deliver comprehensive financial plans covering:
- Retirement planning
- Income distribution strategies
- Tax-efficient wealth accumulation
- Education funding
- Estate planning coordination
- Insurance and risk management
- Charitable and legacy planning
- Use planning software and analytical tools to model client scenarios and recommendations.
- Collaborate with attorneys, CPAs, and other professionals to implement planning strategies.
Client Relationship Management
- Serve as a trusted advisor and primary point of contact for assigned client relationships.
- Conduct annual and quarterly client review meetings.
- Present portfolio performance, investment recommendations, and financial planning updates.
- Help clients navigate major life transitions and financial decisions.
- Communicate proactively during periods of market volatility and economic uncertainty.
Business Development & Growth
- Identify opportunities to deepen existing client relationships through additional planning and advisory services.
- Participate in prospect meetings and business development initiatives.
- Build referral relationships with centers of influence, including CPAs, estate attorneys, and business advisors.
- Support client acquisition and retention efforts.
- Contribute to overall growth of the firm's Assets Under Management (AUM) and revenue.
Ideal Qualifications
Education
- Bachelor's Degree in Finance, Economics, Accounting, Business, or related field.
Preferred Designations
- CFA® (Chartered Financial Analyst)
- CFP® (Certified Financial Planner)
- CIMA® (Certified Investment Management Analyst)
- CPWA® (Certified Private Wealth Advisor)
Experience
- 4 years of experience in portfolio management, wealth management, investment advisory, or private banking.
- Demonstrated experience managing client portfolios and delivering financial planning advice.
- Experience working with High-Net-Worth (HNW) and Ultra-High-Net-Worth (UHNW) clients preferred.