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Separately Managed Account information

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$28K

$45.4K

$66K

How much do separately managed account jobs pay per year?

As of Sep 7, 2026, the average yearly pay for separately managed account in the United States is $45,356.00, according to ZipRecruiter salary data. Most workers in this role earn between $39,500.00 and $49,000.00 per year, depending on experience, location, and employer.

What is a separately managed account?

A Separately Managed Account (SMA) is a portfolio of assets managed by a professional investment firm for an individual investor. Unlike mutual funds, SMAs are customized to the investor’s specific financial goals, risk tolerance, and investment preferences. The investor directly owns the underlying securities, allowing for greater transparency and potential tax advantages. SMAs are often used by high-net-worth individuals seeking personalized investment management.

What are the typical responsibilities of a separately managed account manager, and how do they work with clients and other team members?

Professionals managing Separately Managed Accounts (SMAs) are responsible for creating and implementing customized investment strategies tailored to individual client needs. They regularly monitor portfolio performance, conduct market research, and make adjustments based on changing market conditions or client objectives. Collaboration is key—they often work closely with relationship managers, compliance officers, and trading desks to ensure portfolios remain aligned with client goals and regulatory requirements. Additionally, SMA managers communicate regularly with clients to provide updates, discuss performance, and address any concerns, fostering strong client relationships and trust.

What skills and qualifications are needed to thrive as a separately managed account portfolio manager?

To thrive as an SMA Portfolio Manager, you need a deep understanding of investment strategies, portfolio construction, and financial markets, often supported by a degree in finance or a related field and certifications such as CFA. Expertise with portfolio management software, risk management tools, and compliance systems is typically required. Strong analytical thinking, attention to detail, and client communication skills help you tailor investment solutions and build trust. These abilities are crucial for delivering customized investment performance and maintaining regulatory compliance in a client-focused environment.

What is the difference between Separately Managed Account vs Financial Advisor?

AspectSeparately Managed AccountFinancial Advisor
CredentialsCertifications like CFA, CFP often preferredCFP, ChFC, or similar certifications common
Work EnvironmentTypically employed by asset management firms or financial institutionsIndependent or firm-based, providing personalized financial planning
Industry UsageUsed in investment management for high-net-worth clientsUsed broadly for comprehensive financial planning and investment advice

While a Separately Managed Account (SMA) is a specific investment vehicle managed on behalf of clients, a Financial Advisor provides holistic financial planning and investment advice, often utilizing SMAs among other products. SMAs are tailored investment portfolios, whereas Financial Advisors offer broader financial services.

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What states have the most Separately Managed Account jobs?

States with the most job openings for Separately Managed Account jobs include:

What job categories do people searching Separately Managed Account jobs look for?

The top searched job categories for Separately Managed Account jobs are:

Separately Managed Account jobs near you
Infographic showing various Separately Managed Account job openings in the United States as of August 2026, with employment types broken down into 86% Full Time, 10% Part Time, and 4% Contract. Highlights an 89% Physical, 3% Hybrid, and 8% Remote job distribution, with an average salary of $45,356 per year, or $21.8 per hour.

Client Operations Supervisor, Separately Managed Accounts

Hackajob

Malvern, PA • On-site

Other

This job post has expired 3 days ago. Applications are no longer accepted.

Job description

Client Operations Supervisor, Separately Managed Accounts (SMA)

Client Operations Supervisor, Separately Managed Accounts (SMA) leads a focused, client-dedicated team responsible for the end-to-end management of the SMA account lifecycle. Accountable for service delivery, operational performance, and continuous improvement, this role ensures advisors and clients receive a seamless experience from onboarding through ongoing servicing and account closure. Through strong leadership, effective workflow management, and cross-functional partnership, the manager drives operational excellence while supporting the growth and scalability of the business.

Key Responsibilities
  • Account Lifecycle Leadership
    • Lead a focused, client-dedicated team responsible for delivering end-to-end operational support and account lifecycle management - including onboarding, implementation, account maintenance, servicing, and termination activities - for a strategic Direct Indexing, Separately Manager Accounts (SMA) relationship
    • Ensure client and operational requests are completed accurately, efficiently, and within established service level commitments while delivering a high-quality client experience.
  • Serve as the primary escalation point for complex account and operational issues, providing guidance and driving timely resolution.
  • Monitor volumes, service levels, capacity, and staffing needs to ensure operational demands and client expectations are met.
  • Build strong partnerships with Portfolio Management, Technology, Risk, and other stakeholders to resolve issues, improve processes, and enhance client outcomes.
  • Oversee operational exceptions, service issues, and account inquiries while ensuring proactive communication and effective resolution.
  • Establish and maintain controls, procedures, and service practices that support quality, risk management, regulatory compliance, and operational excellence.
  • Leverage operational and service metrics to identify trends, improve performance, support resource planning, and drive continuous improvement.
  • Strategic Growth & Operational Excellence
    • Partner with business and technology leaders to implement scalable operating model improvements and support new products, platform enhancements, and strategic initiatives.
    • Identify and implement process simplification, standardization, automation, and service enhancements that improve efficiency, scalability, and the advisor experience.
    • Develop and maintain operating procedures, training materials, and knowledge resources to promote consistency, effectiveness, and sustainable growth.
  • People Leadership & Team Development
    • Hire, coach, develop, and lead a team of operational professionals supporting the SMA account lifecycle.
    • Establish performance expectations, provide ongoing feedback, conduct performance reviews, and support career development.
    • Foster a culture of accountability, client focus, collaboration, continuous improvement, and risk awareness.
    • Manage team capacity, workload allocation
    • Qualifications
    • Required
      • Bachelor's degree
      • 5+ years of experience in SMA operations, or direct indexing.
      • Prior supervisory, team lead, or people management experience.
      • Strong understanding of account lifecycle processing, operational controls, and exception management.
      • Excellent analytical, organizational, and problem-solving skills.
      • Ability to manage multiple priorities within a high-volume operational environment.
      • Strong communication and stakeholder management capabilities.
    • Preferred
      • Knowledge of custodial systems and managed account operating models.
      • Experience leading process improvement or automation initiatives.
      • Familiarity with operational risk and control frameworks.

    Special Factors

    Sponsorship

    Vanguard is not offering visa sponsorship for this position.

    About Vanguard

    At Vanguard, we don't just have a missionwe're on a mission.

    To work for the long-term financial wellbeing of our clients. To lead through product and services that transform our clients' lives. To learn and develop our skills as individuals and as a team. From Malvern to Melbourne, our mission drives us forward and inspires us to be our best.

    How We Work

    Vanguard has implemented a hybrid working model for the majority of our crew members, designed to capture the benefits of enhanced flexibility while enabling in-person learning, collaboration, and connection. We believe our mission-driven and highly collaborative culture is a critical enabler to support long-term client outcomes and enrich the employee experience.

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