Associate Portfolio Manager

Fiduciary Trust International is a premier investment and wealth management firm with a commitment to growing and protecting wealth across generations. We offer a dynamic and collaborative approach to managing wealth for high-net-worth and ultra high-net-worth individuals and families, family offices, endowments, foundations, and institutions. Unlike other firms, our investment managers, tax and estate planning professionals work together to develop holistic strategies to optimize clients’ portfolios while mitigating the impact of taxes on their wealth. As a fiduciary, the guidance we provide is always in the best interests of our clients, without conflict or competing benefits. We offer boutique customization and deep expertise in specialized investment, tax and planning strategies alongside sophisticated technology and custody platforms.

Fiduciary Trust International is owned by Franklin Templeton, a diversified firm that spans asset management, wealth management, and fintech, giving us many ways to help investors make progress toward their goals. With clients in over 150 countries and offices on six continents, you’ll get exposed to different cultures, people, and business development happening around the world.

Fiduciary Trust Company of Canada

Fiduciary Trust Company of Canada (“FTCC”), a nationally regulated Trust Company, and its predecessors have been successfully providing customized discretionary wealth management solutions to affluent Canadians for over 35 years. We are investment counselors and estate planning experts who help clients preserve, grow and transfer their wealth. A trusted and proven private wealth boutique, FTCC is backed by the strength and expertise of a global investment leader, Franklin Templeton, whose roots are well established in the Canadian market and date back to 1954. Since then, we have been committed to one goal: delivering exceptional asset management services to Canadian investors.

The unique combination of Investment Counseling, Investment Management and Personal Trust expertise offered by FTCC, combined with the global scale and expertise of the asset management firms that comprise Franklin Templeton Investments sets us apart from our competitors in our ability to deliver highly customized wealth management solutions to clients and their third-party advisors.

Our collective global investment teams bring specialized expertise across diverse asset classes and serve institutional, retail, and high-net-worth clients.

The Role

FTCC is recruiting for a client focused Associate Portfolio Manager (“APM”) to join our private wealth team, which is responsible for the delivery of investment counseling services to Canadian investors and institutions.

The primary focus of this role should be concentrated in three key areas: relationship management, portfolio management and operational management (admin). The ideal candidate should possess a comprehensive understanding of our operations and be committed to contributing to the growth of our business.

Initiative and Accountability: The APM should proactively take on tasks to alleviate the Portfolio Manager's workload, allowing them to focus on client interactions and business development. We seek an associate who not only handles data in their daily tasks but comprehends the underlying concepts. A knowledgeable associate will independently identify and address potential errors and data discrepancies.

Passion and Knowledge: Building on the previous point, a passionate and knowledgeable associate will inquire about the reasoning behind tasks rather than doing their assignment and simply passing them along to the next person in line. This individual should be proactive in identifying and addressing issues, fostering a culture of continuous improvement.

Small Accounts Management: We should aim to engage an associate eventually capable of handling smaller accounts under the lead Portfolio Manager. This individual would be valuable in servicing younger clients and/or children of existing clients who may not meet our minimum requirements. The associate can effectively cater to these clients through virtual interactions exclusively.

In summary, the APM role necessitates an individual who is not only proficient in the technical aspects of portfolio management but is also driven by a genuine passion for the financial markets and a proactive approach to problem-solving. This approach will ensure that the associate actively contributes to the success and integrity of our operations.

Associate Portfolio Manager (APM)

We are seeking highly motivated candidates for the role of Associate Portfolio Manager, a dynamic position that combines relationship management, portfolio management and operations management. This role is designed to provide a comprehensive training ground for a junior investment professional who aspires to build a career in the private wealth management industry. The APM will play a pivotal role in assisting lead PMs.

Client Relationship Management:

Interact directly with HNW clients, managing follow-up and ongoing client deliverables.

Partner with PMs to understand clients, attend client meetings at times, and prioritize client goals while developing solutions.

Establish and maintain client contact, acting as a key point of contact for clients and their advisors.

Take on increasing responsibility for smaller client relationships as experience grows, allowing PMs to focus on larger and more complex client relationships; and

Build awareness for the firms’ capabilities and assist in business development opportunities and events.

Operational and Administrative Support:

Maintain awareness of client account activity, including systematic withdrawals, deposits, fee withdrawals, overdraft, raising cash, etc.;

Review account openings, analyze relevant document to begin KYC and ensure proper administration of accounts;

;Maintain follow ups and ensure key metrics are met by PMs (minimal annual review per client, ensure updated Investment Policy Statements, etc); and

Collaborate with private client service associates to ensure that clients are onboarded in a smooth and seamless way.

Portfolio Management

Incorporate Investment Strategy Committee (“ISC”) views in portfolios and ensure compliance with their respective targets and current tactical asset allocation;

Review accounts, suggest appropriate actions to uphold asset allocation and ISC views;

Develop and maintain deep understanding of investment products and strategies;

Understand different account types (RRSP, TFSA, Corp, LIRA, etc);

Assist in the development and implementation of Investment Policy Statements and Investment Proposals for new and existing clients;

Liaise with Performance department and portfolio administrators to ensure portfolios are properly set up for performance measurement, including benchmarks and composites;

Prepare presentations for proposal and client review meetings. Understand concepts that the PM wants to present to clients and proactively adjust the presentations accordingly; and

Sign off on trade recommendations compiled by the Analyst/Trader and provide back up for this function as required.

Qualifications/skills:

Bachelor’s degree or equivalent

At least three years of relevant portfolio management experience supporting clients in a wealth management team;

Must be able to register as an Advising Representative or Associate Advising Representative with provincial Securities Commissions;

Progress or completion of a Certified Investment Management Analyst (CIMA), Chartered Financial Analyst (CFA), Certified Financial Planner (CFP) and/or Canadian Investment Manager (CIM) designation would be considered an asset;

Strong verbal and written communication skills;

Detail oriented, ability to work independently and proactively

Proficiency with word processing, spreadsheet and presentation software;

Prior experience managing high net worth clients in a servicing/sales capacity; and

Strong analytical and relationship building skills.

Experience our welcoming culture and reach your professional and personal potential!

Our culture is shaped by our diverse global workforce and strongly held core values. Regardless of your interests, lifestyle, or background, there’s a place for you at Franklin Templeton. We provide employees with the tools, resources, and learning opportunities to help them excel in their career and personal life.

By joining us, you will become part of a culture that focuses on employee well-being and provides multidimensional support for a positive and healthy lifestyle. We understand that benefits are at the core of employee well-being and may vary depending on individual needs. Whether you need support for maintaining your physical and mental health, saving for life’s adventures, taking care of your family members, or making a positive impact in your community, we aim to have them covered.

Learn more about the wide range of benefits we offer at Franklin Templeton

*Most benefits vary by location. Ask your recruiter about benefits in your country.

Franklin Templeton is an Equal Opportunity Employer. We are committed to providing equal employment opportunities to all applicants and existing employees, and we evaluate qualified applicants without regard to ancestry, age, color, disability, genetic information, gender, gender identity, or gender expression, marital status, medical condition, military or veteran status, national origin, race, religion, sex, sexual orientation, and any other basis protected by federal, state, or local law, ordinance, or regulation.

Franklin Templeton is committed to fostering a diverse and inclusive environment. If you believe that you need an accommodation to search for or apply for one of our positions, please send an email to . In your email, please include the accommodation you are requesting, the job title, and the job number you are applying for. It may take up to three business days to receive a response to your request. Please note that only accommodation requests will receive a response.

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