Associate Portfolio Manager
Top Benefits
About the role
CORPORATE PROFILE
Claret Asset Management specializes in offering portfolio management services to high-net-worth clients. We are completely independent and free of conflicts of interest. Claret was founded in 1996 with the objective of answering the growing needs of private investors.
JOB DESCRIPTION
The associate portfolio manager is an integral part of our succession plan. They are assigned to one of our portfolio management teams to learn about and understand the business, collaborate with all team members, and ultimately support Claret’s growth and development.
Join a team that engages in continuous learning, understanding, and knowledge sharing. You will thrive in our supportive environment where you can indulge your curiosity to learn, while receiving the feedback you need to refine your skills and abilities and improve.
RESPONSIBILITIES AND DUTIES
Direct responsibilities in working with the portfolio manager
- Assisting the portfolio manager with research/rebalancing/portfolio management which may include:
- Collecting “know-your-client” information,
- Assisting with client relationships,
- Assisting with assessing suitability (without making a decision for the client),
- Researching and analyzing individual securities for potential inclusion in investment portfolios,
- Performing research and analysis on the economy or asset classes generally, and
- Performing managed account rebalancing which is mechanical in nature.
- Utilize resources from the Research team to integrate additional quantitative tools into the manager screening, research and monitoring process
- Cooperate with portfolio management colleagues on product development projects
- Evaluate a client’s current financial position to provide insights to the portfolio manager
- Ensure transactions are properly recorded
- Research tax efficient strategies for clients
- Maintain current knowledge of market events
Business Development
- Develop a targeted client acquisition strategy, including online and offline marketing efforts
- Build and manage a pipeline of prospective clients
- Build a referral network with financial professionals, attorneys, accountants, and other centers of influence
- Attend industry conferences and events to network with potential clients and professionals
- Analyze market trends and the competitive landscape to find opportunities
- Nurture and maintain strong relationships with existing clients
- Develop relationships with the clients’ next generation to facilitate the transfer of assets
Other duties
- Review financial statements and communicate findings clearly and concisely to the team
- Screen companies based on quantitative factors
- Test investment ideas and strategies
- Create and maintain watchlist for companies and monitor for investment potential
- Submit approved trades to trading desk
- Facilitate money market & FX transactions
- Collect and analyze manager performance data and performance attribution to provide to institutional clients
- Analyze performance attribution reports on separate account strategies to identify key factors affecting performance.
- Assist in the processing of tax season-related reporting
- Collaborate with accountants about client tax reports
- Review tax data to ensure accuracy
KNOWLEDGE AND EXPERIENCE
- 3-5 years of relevant industry experience
- Working experience with industry software such as Bloomberg, D1g1t and FactSet
- Working experience with Office 365 Software (Particularly Dynamics as a CRM)
CORE COMPETENCIES AND SKILLS
- A solution-oriented mindset with strong analytical and problem-solving skills
- Ability to communicate effectively with various internal and external stakeholders
- Product expertise pertaining to financial instruments and investment products
- Adaptability, cooperation and open-mindedness, and expressing a team-oriented attitude
- Self-motivated with an ability to work independently and as part of a group
- Excellent communication and presentation skills, both verbal and written, with the ability to effectively communicate complex solutions and influence stakeholders
EDUCATION AND TRAINING
- Bachelor’s Degree in finance, mathematics, accounting, actuarial science, or other related fields
- CFA or CIM designation (or in process of completion. If you are undergoing the CFA route, having completed at least level 1 is required)
- Financial planner designation delivered by the Quebec Institute of Financial Planning a strong asset
- Actively strives to maintain current knowledge of industry trends, through formal or informal training activities
WORKING CONDITIONS
- Work in a newly renovated space located in a AAA building in the heart of downtown Montreal, which includes access to a bike storage room and showers on premises
- A team-oriented culture, based on mutual support
- Broad responsibilities, which can evolve as you do
- Complete health benefits including dental coverage and access to a telemedicine platform
- Bilingual (French and English) workplace
- Free coffee and tea
About Claret Asset Management
Claret Asset Management specializes in offering portfolio management services to high net worth clients. We are completely independent and free of conflicts of interest. Claret was founded in 1996 with the objective of answering the growing needs of private investors. Our offices are located in the heart of downtown Montreal with 37 employees, including 5 portfolio managers. In 2018, we opened an office in Toronto, Ontario.
Claret manages $1.7 billion in assets and we are privileged to work with more than 1,000 clients (households). At Claret Asset Management, we believe that every investment portfolio should respond to the unique needs of the investor it was created to serve.
Throughout the years, we have developed an expertise in managing investment portfolios specifically designed for high net worth clients. Our philosophy is to maximize long term, after tax returns, given our clients constraints, while ensuring each of our client's peace of mind in the short term.
We have one investment philosophy throughout the firm. Each investment opportunity is assessed and carefully analyzed by Claret's Portfolio Managers, after which a decision is made.
Our investment methodology is based on the fundamentals of value investing, tried and proven through time.
At Claret, we are just as preoccupied by capital preservation as by its potential growth. The first question we ask ourselves before making an investment is: if we are wrong, what do we stand to lose. We then look at the growth possibilities. This is the best way to minimize bad surprises. Although we do have a conservative approach, we still outperform our benchmarks over the long term.
We are numbers oriented Portfolio Managers and a numbers oriented firm. The first thing we look at when considering a possible investment are the numbers contained in the corporate financial statements. The story comes second.
Associate Portfolio Manager
Top Benefits
About the role
CORPORATE PROFILE
Claret Asset Management specializes in offering portfolio management services to high-net-worth clients. We are completely independent and free of conflicts of interest. Claret was founded in 1996 with the objective of answering the growing needs of private investors.
JOB DESCRIPTION
The associate portfolio manager is an integral part of our succession plan. They are assigned to one of our portfolio management teams to learn about and understand the business, collaborate with all team members, and ultimately support Claret’s growth and development.
Join a team that engages in continuous learning, understanding, and knowledge sharing. You will thrive in our supportive environment where you can indulge your curiosity to learn, while receiving the feedback you need to refine your skills and abilities and improve.
RESPONSIBILITIES AND DUTIES
Direct responsibilities in working with the portfolio manager
- Assisting the portfolio manager with research/rebalancing/portfolio management which may include:
- Collecting “know-your-client” information,
- Assisting with client relationships,
- Assisting with assessing suitability (without making a decision for the client),
- Researching and analyzing individual securities for potential inclusion in investment portfolios,
- Performing research and analysis on the economy or asset classes generally, and
- Performing managed account rebalancing which is mechanical in nature.
- Utilize resources from the Research team to integrate additional quantitative tools into the manager screening, research and monitoring process
- Cooperate with portfolio management colleagues on product development projects
- Evaluate a client’s current financial position to provide insights to the portfolio manager
- Ensure transactions are properly recorded
- Research tax efficient strategies for clients
- Maintain current knowledge of market events
Business Development
- Develop a targeted client acquisition strategy, including online and offline marketing efforts
- Build and manage a pipeline of prospective clients
- Build a referral network with financial professionals, attorneys, accountants, and other centers of influence
- Attend industry conferences and events to network with potential clients and professionals
- Analyze market trends and the competitive landscape to find opportunities
- Nurture and maintain strong relationships with existing clients
- Develop relationships with the clients’ next generation to facilitate the transfer of assets
Other duties
- Review financial statements and communicate findings clearly and concisely to the team
- Screen companies based on quantitative factors
- Test investment ideas and strategies
- Create and maintain watchlist for companies and monitor for investment potential
- Submit approved trades to trading desk
- Facilitate money market & FX transactions
- Collect and analyze manager performance data and performance attribution to provide to institutional clients
- Analyze performance attribution reports on separate account strategies to identify key factors affecting performance.
- Assist in the processing of tax season-related reporting
- Collaborate with accountants about client tax reports
- Review tax data to ensure accuracy
KNOWLEDGE AND EXPERIENCE
- 3-5 years of relevant industry experience
- Working experience with industry software such as Bloomberg, D1g1t and FactSet
- Working experience with Office 365 Software (Particularly Dynamics as a CRM)
CORE COMPETENCIES AND SKILLS
- A solution-oriented mindset with strong analytical and problem-solving skills
- Ability to communicate effectively with various internal and external stakeholders
- Product expertise pertaining to financial instruments and investment products
- Adaptability, cooperation and open-mindedness, and expressing a team-oriented attitude
- Self-motivated with an ability to work independently and as part of a group
- Excellent communication and presentation skills, both verbal and written, with the ability to effectively communicate complex solutions and influence stakeholders
EDUCATION AND TRAINING
- Bachelor’s Degree in finance, mathematics, accounting, actuarial science, or other related fields
- CFA or CIM designation (or in process of completion. If you are undergoing the CFA route, having completed at least level 1 is required)
- Financial planner designation delivered by the Quebec Institute of Financial Planning a strong asset
- Actively strives to maintain current knowledge of industry trends, through formal or informal training activities
WORKING CONDITIONS
- Work in a newly renovated space located in a AAA building in the heart of downtown Montreal, which includes access to a bike storage room and showers on premises
- A team-oriented culture, based on mutual support
- Broad responsibilities, which can evolve as you do
- Complete health benefits including dental coverage and access to a telemedicine platform
- Bilingual (French and English) workplace
- Free coffee and tea
About Claret Asset Management
Claret Asset Management specializes in offering portfolio management services to high net worth clients. We are completely independent and free of conflicts of interest. Claret was founded in 1996 with the objective of answering the growing needs of private investors. Our offices are located in the heart of downtown Montreal with 37 employees, including 5 portfolio managers. In 2018, we opened an office in Toronto, Ontario.
Claret manages $1.7 billion in assets and we are privileged to work with more than 1,000 clients (households). At Claret Asset Management, we believe that every investment portfolio should respond to the unique needs of the investor it was created to serve.
Throughout the years, we have developed an expertise in managing investment portfolios specifically designed for high net worth clients. Our philosophy is to maximize long term, after tax returns, given our clients constraints, while ensuring each of our client's peace of mind in the short term.
We have one investment philosophy throughout the firm. Each investment opportunity is assessed and carefully analyzed by Claret's Portfolio Managers, after which a decision is made.
Our investment methodology is based on the fundamentals of value investing, tried and proven through time.
At Claret, we are just as preoccupied by capital preservation as by its potential growth. The first question we ask ourselves before making an investment is: if we are wrong, what do we stand to lose. We then look at the growth possibilities. This is the best way to minimize bad surprises. Although we do have a conservative approach, we still outperform our benchmarks over the long term.
We are numbers oriented Portfolio Managers and a numbers oriented firm. The first thing we look at when considering a possible investment are the numbers contained in the corporate financial statements. The story comes second.