Job Information
Edward Jones Associate Portfolio Manager in Mississauga, Ontario
Position Schedule: Full-Time
The Canadian Portfolio Management team is responsible for the design, implementation, marketing, and ongoing management of fully discretionary multi-asset investment programs that deliver Edward Jones' best thinking to clients, in a fiduciary relationship, across multiple risk profiles and investment objectives. This team has overall responsibility for asset allocation implementation, portfolio construction, and manager/fund/security selection within firm discretionary multi-asset model portfolios (including Edward Jones Models, SMAs and UMAs) and is ultimately responsible for the investment performance of these portfolios, which has direct client impact.
The team will be comprised of licensed Portfolio Managers and an Associate Portfolio Manager (APM) who are experts in portfolio design, asset allocation, security selection and implementing tactical allocations within the portfolio. They will partner with other Advice & Guidance teams, including Investment Manager Research, the US Portfolio Management team and the Asset Allocation team, to bring Edward Jones' best thinking to life while effectively accounting for and addressing the unique nuances and structure of the Canadian market. The team will manage client assets in a manner consistent with Edward Jones' investment philosophy, adhering to its established investment process and regulatory considerations, and deliver performance that meets or exceeds expectation on behalf of clients.
Key Responsibilities:
Execute rigorous fundamental and quantitative research on individual companies and industry sectors to identify high-conviction equity opportunities specifically for the Edward Jones Proprietary SMAs, including financial modelling and determining intrinsic value of companies
Support the Canadian Portfolio Management Team (PMT) in conducting in-depth research and analysis to optimize asset allocation across different asset classes (including equities, fixed income, alternatives and cash) and preparing investment recommendations for Edward Jones Model Portfolios, SMAs and UMAs
Serve as an investment subject matter expert and deliver high quality recommendations to support the Canadian PMT areas of influence and support other areas of the organization in pursuit of firm objectives.
Contribute to the investment decision making process by assisting in the asset allocation implementation, portfolio construction and manager/security selection process, including proposing recommendations for the MyCompass Model series.
Work in partnership with Investment Strategy, Portfolio Solutions, Research, Investment Risk Group, Asset Allocation Team, and other internal stakeholders and committees in making better informed decisions consistent with the firm's long-term strategy
Deliver effective written and verbal communication on investment ideas and industry knowledge to financial advisors, clients, internal departments, and firm leaders (as needed). This includes the ability to create and deliver timely, insightful and technical presentations on Edward Jones' managed portfolios.
Actively look for opportunities to improve and further develop knowledge around portfolio construction, risk, asset allocation, investment managers, and markets
Serve as a deep SME and deliver high quality insights and answers to financial advisors and internal departments by responding to information requests
Responsible for translating Canadian PM team insights and decisions into client and branch facing content on a recurring basis; including writing quarterly commentary, fact sheets, model sheets, security/manager changes and supporting rationale. Content is highly technical but communication must be easy to understand for the end user.
Act with integrity, diligence, and due care in supporting the design, implementation, and ongoing oversight Edward Jones' Managed Accounts by ensuring all investment recommendations meet our fiduciary standard, regulatory obligations and prioritize clients' best interests
At Edward Jones, we value and respect our associates and their contributions, and we recognize individual efforts through a rewards program that promotes a long-term career, financial security and well-being. Visit our career site (https://careers.edwardjones.com/compensation-and-values/) to learn more about our total compensation approach, which in addition to base salary, typically includes benefits, bonuses and profit sharing. The salary range for this role is based on national data and actual pay is based on skills, experience, education, and other relevant factors for a potential new associate.
Hiring Minimum: $115900
Hiring Maximum: $197300
- Skills/Requirements
Key Requirements:
Bachelor's Degree in related field
6-10 years of experience
CFA required
Licensed Associate Portfolio Manager (with CIRO)
MBA and CFP preferred
Knowledge and Skills Requirements:
Experience in fundamental equity analysis, including analysis of industry attractiveness and single stock valuation through creation and maintenance of financial models. This includes ability to build and maintain financial models that examine historical trends and project future earnings and cash flows.
Experience and knowledge of various types of investments, asset classes, and interpreting economic data.
Knowledge of asset allocation, portfolio construction, and portfolio risk management
Knowledge of various types of investments, asset classes, and financial markets
Knowledge of mutual fund and money management industry; knowledge of various managed investments including mutual funds, ETFs, UMAs, and separately managed accounts
Understanding of taxes and financial planning related items
Awards & Accolades
At Edward Jones, we are building a place where everyone feels like they belong. We're proud of our associates' contributions to the firm and the recognitions we have received.
Check out our U.S. awards and accolades: Insights & Information Blog Postings about Edward Jones (https://careers.edwardjones.com/blog/?_sft_category=awards-accolades)
Check out our Canadian awards and accolades: Insights & Information Blog Postings about Edward Jones (https://careers.edwardjones.com/en-CA/blogs/?_sft_category=awards-accolades-en-ca)
- About Us
Join a financial services firm where your contributions are valued. Edward Jones is a Fortune 500¹ company where people come first. With over 9 million clients and 20,000 financial advisors across the U.S. and Canada, we're proud to be privately-owned, placing the focus on our clients rather than shareholder returns.
Behind everything we do is our purpose: We partner for positive impact to improve the lives of our clients and colleagues, and together, better our communities and society. We are an innovative, flexible, and inclusive organization that attracts, develops, and inspires performance excellence and a sense of belonging.
People are at the center of our partnership. Edward Jones associates are seen, heard, respected, and supported. This is what we believe makes us the best place to start or build your career.
View our Purpose, Inclusion and Citizenship Report (https://careers.edwardjones.com/blog/edward-jones-releases-annual-purpose-inclusion-and-citizenship-report/?codes=DIRECT&utm_source=DIRECT) .
¹Fortune 500, published June 2024, data as of December 2023. Compensation provided for using, not obtaining, the rating.
Edward Jones does not discriminate on the basis of race, color, gender, religion, national origin, age, disability, sexual orientation, pregnancy, veteran status, genetic information or any other basis prohibited by applicable law.
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