At a Glance
- Tasks: Manage discretionary portfolios and build strong relationships with intermediaries.
- Company: Join Cazenove Capital, part of a global investment manager with over 200 years of experience.
- Benefits: Flexible working, competitive salary, and opportunities for professional growth.
- Other info: Diversity and inclusion are at the heart of our culture; everyone is welcome here.
- Why this job: Make a real impact in wealth management while developing your skills in a dynamic environment.
- Qualifications: Experience in portfolio management and strong communication skills required.
The predicted salary is between 50000 - 70000 € per year.
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Who we're looking for: Portfolio Manager
About Cazenove Capital
At Cazenove Capital we look after private individuals, families and charities. We are the wealth management business of the FTSE-listed global investment manager Schroders. We help our clients around the world invest money to meet their goals, fulfil their ambitions, and prepare for the future.
About Schroders, our parent company
We're a global investment manager. We help institutions, intermediaries and individuals around the world invest money to meet their goals, fulfil their ambitions, and prepare for the future. We have around 6,000 people on six continents. And we've been around for over 200 years, but keep adapting as society and technology changes. What doesn't change is our commitment to helping our clients, and society, prosper.
The base
We are based at Charlotte Square in the centre of Edinburgh.
The team
We are one of the largest UK-based wealth management firms, based in Edinburgh, headquartered in London but with offices around the country. We help private clients, families, charities and some institutions meet their long term goals by offering our expertise in investment, wealth planning, lending and family office services. We draw on the resources of the Schroders group, as well as having our own in‑house investment team. We're open to flexible working, so we can all balance our personal and professional commitments.
What you'll do
This is a Portfolio Manager role with a strong DFM / IFA (intermediary) focus. You will take increasing day‑to‑day ownership of a set of existing intermediary relationships and associated discretionary portfolios, providing excellent service and robust investment oversight. Over time, you will help grow the intermediary book in partnership with business development colleagues, while operating within agreed governance and risk frameworks.
The DFM / IFA model (how the role operates)
Intermediary partners (IFAs) introduce clients and remain the primary relationship owner with the end‑client. We act as the discretionary investment manager, responsible for portfolio construction, implementation, and ongoing management within agreed objectives and suitability. Business development colleagues will support "door opening" and introductions; the Portfolio Manager plays a key role in winning confidence, articulating the investment approach, and then running and retaining mandates through high‑quality ongoing service.
Key responsibilities
- Take day‑to‑day responsibility for discretionary portfolios linked to intermediary (IFA) relationships, with appropriate senior oversight during transition.
- Build and maintain strong relationships with IFAs through responsiveness, professionalism, and confidence in external meetings.
- Attend meetings with IFAs and end‑clients, clearly explaining portfolio strategy, positioning, performance, and key risks.
- Implement portfolio actions (rebalancing, transitions, cash management and mandate changes) in line with client objectives, suitability, mandate guidelines, and internal governance.
- Maintain strong market awareness and demonstrate an interest in investment decision‑making, including (where relevant) portfolios with exposure to direct securities as well as funds.
- Work closely with internal stakeholders (research, trading, operations, risk and compliance) to ensure efficient implementation and strong control standards.
- Support investment governance and reporting, including portfolio commentary and materials for internal forums as required.
- Partner with business development colleagues to support new opportunities: help convert introductions into funded mandates and support retention through excellent service and communication.
- Identify and escalate portfolio, operational, or relationship risks; ensure timely remediation and accurate documentation.
- Adhere to all relevant policies, procedures, and regulatory requirements.
The knowledge, experience and qualifications you need
- Experience in portfolio management / investment management, with meaningful exposure to DFM and IFA servicing.
- Strong understanding of the service model and expectations when operating via intermediaries (pace, responsiveness, relationship management, suitability).
- Confident communicator with resilience and professionalism; able to represent the business credibly in meetings where you are often the service provider in the room.
- Strong organisational skills and attention to detail; able to manage competing priorities in a client‑facing role.
- Professional investment qualification at CISI Level 7 (or equivalent). Exceptional candidates with Level 6 may be considered depending on experience and technical depth.
- Typically 5+ years' relevant experience, with evidence of readiness to step up and take ownership.
- Edinburgh‑based (commutable) and willing to travel regionally; driving capability is strongly preferred.
The knowledge, experience and qualifications that will help
- Experience supporting or leading business development activity with intermediaries (networking, proposition discussions, conversion support).
- Experience managing portfolios that include a blend of funds and direct securities.
- Ability to produce client‑ready materials (presentations, market updates, portfolio commentary).
- Strong working knowledge of Excel and PowerPoint; comfortable using investment data and research platforms.
We recognise potential, whoever you are
Our purpose is to provide excellent investment performance to clients through active management. Diversity of thought, facilitated by an inclusive culture, will allow us to make better decisions and better achieve our purpose. This is why inclusion and diversity are a strategic priority for us and why we are an equal opportunities employer. You are welcome here, regardless of your age, disability, gender identity, religious beliefs, sexual orientation, socio‑economic background, or any other protected characteristic.
Portfolio Manager (Cazenove Edinburgh) employer: Schroders
Cazenove Capital, located in the heart of Edinburgh, is an exceptional employer that prioritises employee growth and inclusivity within a dynamic work culture. With a commitment to flexible working arrangements, we empower our Portfolio Managers to build meaningful relationships with clients while benefiting from the extensive resources of the Schroders group. Join us to thrive in a supportive environment that values diversity and fosters professional development in the wealth management sector.
StudySmarter Expert Advice🤫
We think this is how you could land Portfolio Manager (Cazenove Edinburgh)
✨Tip Number 1
Network like a pro! Get out there and connect with people in the industry. Attend events, join online forums, and don’t be shy about reaching out to folks on LinkedIn. The more people you know, the better your chances of landing that Portfolio Manager role.
✨Tip Number 2
Prepare for interviews by knowing your stuff! Research Cazenove Capital and understand their investment strategies. Be ready to discuss how your experience aligns with their goals. Show them you’re not just another candidate; you’re the one they need!
✨Tip Number 3
Follow up after interviews! A quick thank-you email can go a long way. It shows your enthusiasm for the role and keeps you fresh in their minds. Plus, it’s a great chance to reiterate why you’re the perfect fit for their team.
✨Tip Number 4
Don’t forget to apply through our website! We’ve got all the latest job openings, and applying directly can sometimes give you an edge. Plus, it’s super easy to keep track of your applications this way. Let’s get you that dream job!
We think you need these skills to ace Portfolio Manager (Cazenove Edinburgh)
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Portfolio Manager role. Highlight your experience in portfolio management and your understanding of DFM and IFA servicing. We want to see how your skills align with what we do at Cazenove Capital!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about wealth management and how you can contribute to our team. Be sure to mention any relevant experience that showcases your ability to build relationships with intermediaries.
Showcase Your Communication Skills:As a Portfolio Manager, you'll need to communicate effectively with clients and IFAs. In your application, demonstrate your communication skills by being clear and concise. We love candidates who can articulate their thoughts well!
Apply Through Our Website:We encourage you to apply through our website for the best chance of success. It’s straightforward and ensures your application goes directly to us. Plus, it shows you’re keen on joining our team at Cazenove Capital!
How to prepare for a job interview at Schroders
✨Know Your Portfolio Inside Out
Before the interview, make sure you have a solid understanding of your own portfolio management experience. Be ready to discuss specific examples of how you've managed discretionary portfolios and your approach to working with intermediaries. This will show your expertise and confidence in handling the responsibilities of the role.
✨Research Cazenove Capital and Schroders
Familiarise yourself with Cazenove Capital's values, services, and recent developments. Understanding their approach to wealth management and how they operate within the DFM/IFA model will help you tailor your responses and demonstrate your genuine interest in the company during the interview.
✨Prepare for Client-Facing Scenarios
Since the role involves interacting with IFAs and end-clients, practice articulating your investment strategies clearly and confidently. Think about potential questions they might ask regarding portfolio performance and risks, and prepare concise, informative answers that reflect your knowledge and professionalism.
✨Showcase Your Relationship Management Skills
Highlight your ability to build and maintain strong relationships with intermediaries. Prepare examples of how you've successfully managed client expectations and provided excellent service in previous roles. This will demonstrate your fit for a position that relies heavily on relationship management and responsiveness.
