Portfolio Strategist

Portfolio Strategist at Permanent Capital Partners Portfolio Strategist at Permanent Capital Partners in Schiller Park, Illinois Posted in 3 days ago.

Type:

full-time

Job Description:

POSITION SUMMARY

The Portfolio Strategist is a critical and highly visible role within the firm's investment team, serving as the connective tissue between each family and the Chief Investment Officer. This individual will enhance the client experience

• from conducting thorough intake conversations that surface each family's goals, cash flow needs, liquidity requirements, and structural nuances, to translating those insights into portfolio strategies that are tax-efficient, structurally sound, and positioned for strong long-term returns.

The ideal candidate will be a Member of PCIO's Investment Advisory Committee where they will represent the Member's individual and collective interest to the CIO and team. This partnership ensures the efficient marriage of goals-based planning, tax aware portfolio implementation, and liquidity management alongside world class manager research and selection. The Portfolio Strategist must be equally adept at sophisticated investment construction and genuine client relationship management. They must possess deep fluency in multi-entity portfolio architecture, after-tax alpha generation, and complex planning vehicles

• and must be able to communicate all of it clearly and confidently to clients ranging from founding-generation wealth creators to next-generation family members.

INVESTMENT PRINCIPLES 1.

Long-Term Focus:

Commitment to building and sustaining value over decades, with an orientation toward compound wealth preservation rather than short-term performance optimization. 2. After-Tax Alpha as a

First Principle:

Recognition that in a multi-entity UHNW context, tax efficiency is not a secondary consideration

• it is a primary driver of real returns.

The candidate must internalize this deeply. 3.

Relationship-Driven:

Strong, trust-based relationships are foundational to this role. The families we serve expect genuine partnership, not transactional service. 4.

Independent Thinking:

Willingness to challenge consensus, bring original perspectives to portfolio construction, and advocate for clients when the right path diverges from convention. 5.

Conviction and Decisiveness:

Ability to act on well-researched, high-conviction ideas and defend those positions clearly to clients and colleagues alike. 6.

Intellectual Curiosity:

Intrinsically curious with a genuine appetite.

OUR VALUES

Earn Trust Trust is the life-blood of our business. Everything we do to create value for our stakeholders is dependent upon being worthy of their trust. We understand that trust is earned in inches and lost in miles. It is earned by acting with integrity, accountability, and consistency over time. Build Relationships Relationships are built by investing time in shared experiences and by creating value for one another. We approach relationships with the intent to nurture them for life. We go out of our way to provide more value than we extract. We communicate clearly and share bad news proactively. We celebrate the good times together and support each other deeply in tough times. Be Humble & Hungry We celebrate the combination of authentic humility and passionate ambition. We believe that personal and professional growth starts with a beginner's mind and an openness to new ideas. We love to compete, and we will not be outhustled. Love Your Work We are here by choice. We can do anything in the world, and we choose to do this because we love it. Enthusiasm and laughter are contagious

• spread them. Our colleagues and partners are amazing people
• embrace the opportunity to connect with them.

Leverage this platform to manifest your dreams. Drive Results We measure our success by the results we create. We are proactive, creative, and tenacious in our pursuit of goals. We understand that results are the outflow of completing our upstream work with excellence. We aspire to drive impact in the world beyond our financial results.

PRINCIPAL DUTIES & RESPONSIBILITIES

Client Intake & Relationship Management

• Client Intake
• Lead structured intake conversations with clients and prospects to develop a comprehensive understanding of their portfolio, goals, cash flow profile, liquidity needs, risk tolerance, family governance dynamics, and long-term intentions. Translate these findings into clear written briefs for the investment team.
• Ongoing Relationship Ownership
• Serve as a point of contact for assigned client families across all investment matters. Build deep, sustained relationships with both the founding generation and next-generation family members.
• Client Communication
• Attend client-facing meetings, assist in presentations, and portfolio reviews. Develop and deliver polished PowerPoint materials and concise written memos that make complex information accessible and actionable for sophisticated non-professional audiences.
• CRM & Task Management Documentation
• Log client notes, meeting summaries, portfolio observations, and relevant insights into Nevis on an ongoing and timely basis. Portfolio Strategy & Construction
• Total Portfolio View
• Construct and maintain a coherent portfolio strategy for each client family that accounts for all assets across all legal entities
• taxable accounts, revocable and irrevocable trusts, LLCs, foundations, and other vehicles
• optimizing holistically rather than account by account.
• After-Tax Alpha
• Own the firm's approach to after-tax return optimization. This includes asset location strategy, tax-loss harvesting, management of embedded gains, and the evaluation of every portfolio decision through a tax lens before and after execution.
• Complex Structure Fluency
• Demonstrate working fluency with how assets flow through and are treated within CRTs, GRATs, SLATs, Dynasty Trusts, Opportunity Zones, DAFs, and other charitable and estate planning vehicles. Collaborate with clients' legal and tax advisors to ensure investment decisions are coordinated with planning strategies.
• Concentration & Hedging Strategies
• Develop strategies for clients with concentrated equity positions, including Direct Indexing, completion portfolios, exchange funds, collars, and other approaches that allow for prudent diversification without triggering disproportionate tax consequences.
• CIO Collaboration
• Serve as the primary conduit between client relationships and the CIO. Translate the firm's investment philosophy and portfolio recommendations into clear client-facing narratives, and bring client feedback, concerns, and requests back to the investment team in a constructive and actionable way.
• Scenario Modeling
• Build and interpret Monte Carlo, stochastic, and deterministic models to stress-test portfolio outcomes, inform long-term wealth projections, and support investment planning recommendations for complex client situations. Reporting & Analytics
• Look-Through Reporting
• Leverage UHNW-specific reporting platform (Addepar) to produce consolidated, look-through reports that aggregate total portfolio exposure across multiple legal entities, asset classes, managers, and geographies into a single coherent view.
• Performance Attribution
• Explain sources of return, risk, and tax impact clearly and accurately
• both in written materials and in real-time client conversations.
• Quarterly Reviews
• Work with the member services team to prepare the quarterly portfolio reviews for each client family, including performance attribution, asset allocation commentary, and forward-looking positioning rationale.

MINIMUM QUALIFICATIONS

• Four-year degree required; Master's degree strongly preferred.
• CFA strongly preferred. CFP, CIMA, or CPWA are additionally valued given the client-facing and planning dimensions of this role.
• 10+ years of direct experience in a family office, private bank, or the private wealth division of a major financial institution. Direct family office experience is the strongest signal.
• Demonstrated expertise in after-tax portfolio management, including Direct Indexing, tax-loss harvesting, asset location, and concentrated position strategies.
• Deep familiarity with complex planning structures: CRTs, GRATs, SLATs, Dynasty Trusts, Opportunity Zones, and charitable vehicles (DAFs, foundations).
• Hands-on experience with Addepar or a comparable UHNW consolidated reporting platform.
• Experience across multiple asset classes including public equities, fixed income, private equity, private credit, real assets, and hedge funds.
• Proficient in Microsoft Office Suite and Bloomberg. Demonstrated ability to develop polished client-facing presentation materials independently.
• Demonstrated ability to integrate Large Language Models (LLMs) into research and operational workflows to enhance analytical depth, streamline content production, and accelerate decision-making cycles.

SKILLS & ABILITIES

Client & Communication Skills

• Exceptional ability to lead intake conversations and distill complex family situations
• goals, liquidity, spending, governance, structure
• into a clear and actionable portfolio brief.
• Ability to communicate sophisticated investment concepts to ultra-high-net-worth clients in plain language, without sacrificing context. This is a defining skill for this role.
• Personable, emotionally intelligent, and capable of building trusted relationships with both founding-generation and next-generation family members.
• Strong written communication skills, including the ability to produce clean investment memos and executive summaries under time pressure. Operational & Team Effectiveness
• Flexible and effective within a small, high-trust team environment. Knows when to act independently and when to seek input.
• Strong work ethic with the ability to prioritize multiple high-priority deliverables simultaneously and without close guidance.
• Superior attention to detail. Delivers high-quality finished work product on time, consistently.
• Intrinsically curious, committed to continuous improvement, and capable of original thinking.

To apply , please submit your resume to recruiting@permanent-capital.com