Director of Investment Advisory and Client Portfolio Management

At BBH, Partnership is more than a form of ownership—it’s our approach to business and relationships.  We know that supporting your professional and personal goals is the best way to help our clients and advance our business. We take that responsibility seriously. With a 200-year legacy and a shared passion for what’s next, this is the right place to build a fulfilling career.

Brown Brothers Harriman (BBH) is currently recruiting an experienced professional to join as Head of Client Portfolio Management & Strategy, which is part of the Investment Research Group (IRG). IRG is broadly responsible for asset allocation, portfolio construction, manager selection and monitoring, risk management, and other investment decisions on behalf of BBH Capital Partners, which manages approximately $60 billion in Multi-Family Office (MFO) assets. IRG is also responsible for helping our Capital Partner Relationship Managers and clients implement our investment best thinking.

The IRG Client Portfolio Management & Strategy Team is a recently created group within IRG that is focused on serving as a liaison between the front office and IRG to ensure our best investment thinking is customized and implemented on behalf of our clients. The Client Portfolio Management & Strategy Team works closely with 1) the Investment Research Team (within IRG), keeping abreast of manager and market updates; 2) the Relationship Managers to ensure that the appropriate investment oversight and implementation is provided to our clients; and 3) the Investment Operations & Analytics Team (within IRG), to ensure seamless creation and execution of IRG vehicles.

The Head of Client Portfolio Management & Strategy will possess broad expertise in investing across asset classes and portfolio management strategies, and in this role will be responsible for staying abreast of developments with all managers on the BBH investment platform as well as providing market and macroeconomic updates to IRG. The Head of Client Portfolio Management & Strategy will also interact with existing and potential clients as an investment representative from IRG, perform and oversee ad hoc investment analyses as requested by clients, and provide oversight of clients’ asset allocation and portfolio construction in conjunction with the clients’ Relationship Manager.

The Head of Client Portfolio Management & Strategy will help to build out, and manage, a small team of regional Client Portfolio Management & Strategy team members who will be located in various regional offices providing on-the-ground support to Relationship Managers and clients. The position is expected to have 4-5 direct reports to provide executional and analytical support within the next 1-2 years.

Key responsibilities include:  

1. Portfolio Analysis & Monitoring

• Serve as an IRG investment expert for BBH’s taxable and non-taxable clients. Participate in client meetings, as appropriate, and prepare summary memos documenting meeting discussions and key takeaways; Ensure that all deliverables are met on a timely basis.
• Develop and implement client portfolio analytical frameworks to assist Relationship Managers in investment decision making, including private equity modeling, portfolio look-throughs, capital gains and other tax information, etc.
• Work with the IRG Investment Team to stay abreast of manager developments and be able to speak to clients about performance, themes, opportunity set, and individual manager holdings.
• Take the lead on monitoring managers that are in client portfolios, but which are not covered by the Investment Research Team. Examples may include legacy private equity investment and hedge funds, individual public securities that have been distributed by venture capital funds, etc.
• Produce timely thought pieces to address frequently asked client questions.
• Actively engage in IRG investment discussions and decision-making processes.

2. Reporting & Relationship Management

• Create client-specific materials and reports as needed.
• Respond to front office inquiries and data requests.
• Draft communications for relationship teams including, but not limited to: 1-pagers that summarize key data for each manager, top 10 investment holdings summaries, and Ad Hoc commentary (think: performance update, moved to watch list, personnel turnover, etc.).
• Participate in the process to onboard new client relationships.

3. Asset Allocation

• Working with Relationship Managers, ensure that client portfolios are managed in accordance with the investment policy statement.
• Be proactive about rebalancing recommendations when markets move portfolios away from targets.
• Monitor and analyze portfolio exposure data for client policy portfolios.

4. Market and Macroeconomic Analysis and Content Generation

• Analyze market and macroeconomic developments that may influence portfolio construction or other investment decisions.
• Produce external-use and internal-use thought pieces surrounding such research, as well as commentary related to the investment portfolio.

5. General

• Support IRG with other miscellaneous and/or ad-hoc investment-related research projects.
• Prepare for, and attend, various internal BBH investment-related meetings (e.g., IRG weekly meetings, IRG Oversight Group, Private Bank Investment Oversight Committee, etc.).
• Serve as an avid reader, staying informed of industry trends and research papers, highlighting areas of interest to the rest of the team.

6. People Leadership

• Provide supervision to Client Portfolio Management & Strategy regional heads and analysts.  

Qualifications:

• BA or Equivalent, Graduate School degree or CFA a plus
• 15+ years of relevant investment experience
• Proven ability to engage with ultra high-net-worth individuals
• Experience with Microsoft Office Products, particularly Excel, required
• Exceptional data analysis
• Exceptional written/verbal communication skills and a passion for client service
• Strong attention to detail
• Strong interpersonal skills
• Demonstrated interest in and passion for investing
• Demonstrated ability to work in a team environment in a collaborative way
• Strong quantitative and qualitative analysis skills
• Strong conceptual and critical thinking skills
• Highest level of integrity and professional standards

What We Offer:

• A collaborative and high performing team that values intellectual curiosity and independent thought
• A culture of inclusion that values each employee’s unique perspective
• Opportunities to grow your expertise and take on new challenges
• High-quality benefits program emphasizing good health, financial security, and peace of mind
• Rewarding work with the flexibility to enjoy personal and family experiences at every career stage
• Volunteer opportunities to give back to your community and help transform the lives of others
• Investment in tailored professional development opportunities
• An environment that enables you to step outside your role to add value

Salary Range

$200,000-$250,000 plus annual incentive.

BBH’s compensation program includes base salary, discretionary bonuses, and profit-sharing. The anticipated base salary range(s) shown above are only for the indicated location(s) and may differ in other locations due to cost of living and labor considerations. Base salaries may vary based on factors such as skill, experience and qualification for the role. BBH's total rewards package recognizes your contributions with more than just a paycheck—providing you with benefits that enhance your experience at BBH from long-term savings, healthcare, and income protection to professional development opportunities and time off, our programs support your overall well-being. 

We value diverse experiences. We value diverse experiences and transferrable skillsets. If your career hasn’t followed a traditional path, includes alternative experiences, or doesn’t meet every qualification or skill listed in the job description, please do go ahead and apply.

About BBH:

Brown Brothers Harriman (BBH) is a premier global financial services firm, known for premium service, specialist expertise, technology solutions and partnership approach to client management. Across Investor Services and Capital Partners, we work with an enviable roster of sophisticated clients who make BBH their first call when they are tackling their hardest challenges. Delivering for our clients and each other energizes us.

We believe that how we do our work is just as important as what we do. We are relentless problem solvers who know our best ideas come from collective debate and development—so we are never possessive about our ideas. Every day we come together as a diverse community of smart and caring people to deliver exceptional service and expert advice—creating success that lasts. No matter where you sit in the organization, everyone is empowered to contribute their ideas. BBHers can pick up the phone and call any colleague, and they are happy to help. Expanding your impact beyond your daily role is part of how we operate as trusted partners to one another. 

We believe stability is a competitive advantage, but being stable means having the knowledge, skill, and discipline to evolve, often—pushing the boundaries of innovation.  As a private partnership, every investment we make is in the relationships, technologies, products and development we believe are in the long-term interests of our clients and our people. Our long-tenured leaders are experts in their areas and are actively involved in the day-to day business, taking the time to provide guidance and mentoring to build the next generation of BBHers. Because we know, our success begins with yours.

Go to BBH.com to learn more about our rewards and benefits, philanthropy, approach to sustainability or how we support you to thrive personally, physically and financially.

We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, gender, national origin, age, genetic information, creed, marital status, sexual orientation, gender identity, disability status, protected veteran status, or any other protected status under federal, state or local law.