Associate Portfolio Manager

Rathbones Group Plc; Greater London; Hybrid; GBP 80,000 - GBP 100,000; Full time

Job summary

A leading wealth management firm in Greater London is looking for an Associate Portfolio Manager to support the management of client investment portfolios. This role involves working closely with clients to align their investments with financial goals, under close supervision. Candidates should have a Level 4 qualification and experience in financial services. The position offers a hybrid working pattern and comprehensive benefits, promoting a collaborative culture.

Benefits

Company pension

Private medical insurance

Discretionary bonus

Flexible holidays

Study support

Qualifications

• Experience in portfolio management, suitability reviews, and client reporting.
• Understanding of Rathbones proposition and investment process.
• Awareness of regulatory environment and compliance standards.

Responsibilities

• Support construction and management of investment portfolios.
• Monitor performance and recommend adjustments to portfolios.
• Collaborate with PM teams and engage in client relations.

Skills

Experience in financial services

Strong communication skills

Analytical skills

Familiarity with quantitative methods

Client-centric approach

Education

Level 4 CISI Investment Advice Diploma

Job description

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At Rathbones, we help people invest their money well, so they can live well. That means more than financial returns – it’s about helping people feel confident in their decisions and supported in their future. We don’t just manage money, we guide people through life’s big moments, helping them stay on track and focus on what matters most.

We’re proud to be one of the UK’s leading wealth managers, with over £109bn* in assets under management and 20+ offices across the and Channel Islands. We’re a FTSE 250 company with national reach and a local feel – and we’re growing.

*As of June 2025

Division: RIM

Location: London

Contract: Permanent

Working pattern: Hybrid

About the Role

Working as part of a dedicated Portfolio Management team, steadily building on core knowledge to actively support construction, management and monitoring of investment portfolios for a wide and varied client base (individuals, institutions and funds) to achieve financial goals whilst balancing risk and return. Role will have close supervision and management oversight to ensure good client outcomes through strong investment performance. Associate Portfolio Manager marks progression from the Wealth Trainee role, with some responsibility, under close supervision, to help with the management of a smaller, less complex book of clients.

What you’ll be responsible for

Investment Strategy, Portfolio Construction and Technical Expertise

• Start to use systems, tools and knowledge to support the process to define and implement investment strategies based on clients’ risk tolerance, financial goals and investment horizons.
• Under supervision, ensure investment portfolios aligned with client objectives and market conditions.
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• Within Rathbones portfolio management strategy, be able to recommend specific asset selection and determine the optimal asset allocation to build the portfolio.
• Thorough understanding of Rathbones investment process, when instructed, be able to conduct additional research and analysis to support client requirements and outcomes.
• Build good understanding of Rathbones proposition, commercial awareness of the wider market and clear knowledge of the regulatory framework.
• Build a working knowledge of the Front Office Process Guides and Operating Model Summary and Investment Risk procedures.

Market and Performance Monitoring

• Be aware of financial markets, economic trends and geopolitical events to ensure informed investment recommendations can be made.
• Support and assist the tracking of the performance of aligned portfolios and start to recommend adjustments as needed (such as rebalancing to maintain the desired asset allocation).
• Be able to identify, assess and manage or elevate risks associated with investments.
• Understand how to use performance and health check data to assess portfolio risks and take action/escalate to manage accordingly.

Client Engagement

• Work in partnership within PM teams and, where appropriate, engaging with IMs in support of client meetings and client relations.

Business Performance & Growth

• Contribution towards strong, consistent, risk-adjusted investment performance, aligned to the central Rathbones investment philosophy.
• Demonstrate commercial awareness and contribute to the firm’s growth initiatives.
• Buddy and support other junior team members, sharing expertise and fostering development.
• Actively participate in internal forums /committees and business projects as required.
• Promote a collaborative culture and uphold the firm’s values and standards.

About you

Level 4 CISI Investment Advice Diploma (both Securities and Financial Planning and Advice modules)

• Experience in financial services, portfolio, investments or client-facing roles.
• Exposure to portfolio management, suitability reviews, and client reporting.
• Familiarity with business development activities and relationship/stakeholder management.
• Strong communication and interpersonal skills.
• Understanding and articulation of Rathbones proposition, portfolio and investment process and Research capabilities
• Awareness of quantitative methods, financial math, statistics and economics.
• Early research and analytical skills.
• Understand portfolio construction and valuation and pricing techniques.
• Awareness of regulatory environment and compliance standards.
• Client‑centric and commercially aware.
• Proactive, collaborative, and accountable.
• Demonstrates integrity, attention to detail, and professionalism.
• Seeks feedback and strives for continuous improvement.

Our offer to you

We want everyone at Rathbones to fulfil their potential, in an environment where you are proud to work and feel like you belong.

We offer a comprehensive remuneration package, which we review regularly, and benefits include:

• A company pension - 9% non-contributory or 10% if you contribute 5%
• Private medical insurance – Individual on joining, family after 1 year’s service
• Life assurance - 8 x salary
• Company share scheme
• Discretionary bonus
• Flexible holidays – purchase up to 5 additional days
• Green Car Scheme
• Family friendly policies – enhanced family leave for parents & carers
• Study support – study days and funding for courses and qualifications
• Season travel ticket loans
• Other voluntary benefits you can choose to suit you

Our employees can choose to take part in various social groups and communities to support their wellbeing, growth, development and sense of community. These include:

• Sports & Social Committees, such as cricket, football, netball, running, yoga, quiz nights, charity bake sales and much more.
• Inclusion Networks that help us drive change within the organisation such as Gender Balance, Multicultural, Abilities Count, Pride, Social Mobility, Generations, Take a moment to pause (Menopause) and Armed Forces.
• The NextGen IM Network, which brings together a community of trainees from across the UK, who are all at the early stages of their careers and offers development opportunities, exposure across the business as well as peer support and connection.

Life at Rathbones

We aim to become an employer of choice for the wealth management sector, to achieve this we are working hard to build a diverse, equal, and inclusive workplace that motivates, develops and embraces the strengths of all our colleagues. Being part of Rathbones means you will join a team of passionate professionals in a successful culture that cares for its people. At Rathbones, we provide meaningful work, opportunities, and a voice to all.

We are committed to building a team that is made up of diverse skills, experiences and abilities and encourage applications from all backgrounds. We welcome individuals who share our values.

We’re a Level 2 Disability Confident Employer under the UK Government scheme. This means we’ve signed up to a set of commitments around how we recruit, retain and develop people with disabilities. Find out more about the Government Scheme online.

If you feel there are any reasonable adjustments that would make the process easier for you and help you to perform at your best whether that is due to disability, neurodiversity or other protected characteristic, just let us know by emailing us at [e-mail]

Mission

We believe in playing the long game. That means building consistent results, earning trust and doing the right thing — for our clients, our colleagues and the communities we’re part of.

Our values shape how we work:

• We aim high
• We get it done
• We show we care
• We do the right thing

These aren’t just words on a wall. They guide how we treat each other, how we make decisions and how we build relationships that last.

We will close this advert once we have received enough applications for the next stage. Please submit your application as soon as possible to ensure you don’t miss out.