FAQs
What is the primary role of a UMA Portfolio Manager?
The primary role of a UMA Portfolio Manager is to implement Investment Managers and Financial Advisors trade instructions for the UMA program, working closely with the different teams involved in the process.
What are the key responsibilities of a UMA Portfolio Manager?
The key responsibilities include implementing Investment Manager models, interacting as a liaison between various parties, providing portfolio analysis and management, coordinating trade implementation, and participating in developing solutions and enhancements for the program.
What qualifications are required for a UMA Portfolio Manager?
A Bachelor's degree in Accounting, Finance, or Business Management is required, along with knowledge of financial securities markets, advisory programs, and products. The Series 7 and 66 designations are also required or the willingness to obtain them within 90 days of hire.
What is the expected base pay for a UMA Portfolio Manager?
The expected base pay ranges from $85,000 to $135,000 per year at the commencement of employment, but actual pay may vary based on individual factors and may include additional compensation such as commission earnings, incentive compensation, bonuses, and benefit programs.