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Separately Managed Account Jobs (NOW HIRING)

Advisors Asset Management

Regional Vice President

Product concentration will be Separately Managed Accounts (SMA) and Open-end Mutual Funds. External Territory Available: Tennessee, Mississippi, Alabama, Florida Pan Handle (Must Reside in Territory ...

Telepathy Inc

Client Service Associate

Seattle, WA · On-site

$80K - $85K/yr

This role will specifically focus on servicing our Separately Managed Accounts business out of our Seattle office. Responsibilities of the Role: * Responsible for new account set up, change requests ...

Neuberger Berman

SMA Portfolio Manager

New York, NY · On-site

$150K - $185K/yr

... Separately Managed Account Team and will lead the taxable business. Neuberger manages over $2.4 billion in high quality-focused, taxable investment grade separately managed accounts (SMAs), across ...

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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 Aug 18, 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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Cities with the most Separately Managed Account job openings:

What states have the most Separately Managed Account jobs?

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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 97% Full Time, and 3% Contract. Highlights an 88% In-person, 6% Hybrid, and 6% Remote job distribution, with an average salary of $45,356 per year, or $21.8 per hour.

Sr. Manager, Retail Managed Accounts Offers

Charles Schwab

Austin, TX

Full-time

Medical, Dental, Vision, Retirement

Posted 26 days ago

Job description

Your opportunity

Schwab Investment Platforms, Solutions, and Strategy (SIPSS) brings together Schwab’s investment platforms, product solutions, and product strategy teams to set strategic direction and drive investment across Schwab’s managed accounts, third‑party platforms, digital advice, and emerging capabilities. SIPSS partners across the firm to deliver a modern, scalable, and competitive investment product ecosystem for Schwab clients.

Within SIPSS, Investment Offers & Solutions (IOS) is responsible for managing our third-party product marketplaces (Alternative Investments, Managed Accounts, Mutual Funds, ETFs, Structured Products, Fixed Income, Annuities & Insurance, and 529) as well as our proprietary Separately Managed Accounts. Our mission is to provide a positive experience for Schwab clients that invest in these products, while growing a key revenue stream for Schwab.

Within IOS, Managed Accounts Solutions (MAS) is responsible for the end-to-end management of our managed investing solutions, primarily Separately Managed Accounts (SMAs). To do this, we design and implement a strategic vision, maintain a robust product offering, develop new tools and research for clients, deepen third-party and proprietary asset management relationships, and work effectively with partners to deliver a best-in-class SMA offering

 

As SMAs become an increasingly important investment vehicle, we are focused on improving our product line-up, platform and services related to SMAs. As a member of the team, you will have the opportunity to assist in developing and supporting strategic initiatives for our Retail and third-party  Managed Accounts offers. These initiatives include addressing changing industry trends, evolving our business and economic model, pursuing market growth opportunities, intended to significantly enhance and expand our ability to meet our clients’ needs for Managed Accounts, including evolving our platforms to be more modern and competitive.

The Senior Manager is an individual contributor role that is vital to evolving the overall lineup of retail and institutional separately managed account offerings and supporting aspects such as offer development, positioning, enhancements, and pricing. The successful candidate must be energetic and enthusiastic about strategy, analytics, and financial services. The candidate will also need to be self-motivated, results oriented, and able to help lead strategic initiatives from initiation to execution.

In this role, you’ll report to the Director, Retail Managed Accounts.

In addition to the salary range, this role is also eligible for bonus or incentive opportunities.

What you have

Required Qualifications

  • Bachelor’s Degree required
  • 5+ years of strategy, consulting, or product development/offer management work experience, preferably within a financial services firm or a top-tier consulting firm
  • High degree of comfort dealing with ambiguity; comfort in a dynamic and fast-moving work environment
  • Strategic thinker, with ability to formulate compelling vision and strategy and translate that to actionable roadmaps and results
  • Excellent problem-solving and data analysis skills, including ability to gather data and synthesize insights to understand client needs and business impacts to inform product design
  • Demonstrated proficiency in storyboarding and translating data & insights into a compelling business case and recommendation
  • Excellent project management skills, including attention to detail and the ability to multi-task and work efficiently (independently and with teams), to meet tight deadlines with minimal supervision
  • Superior communication skills, both written and verbal, with demonstrated ability developing materials and effectively presenting to diverse types of audiences including executives
  • Successfully execute on multiple initiatives at the same time, autonomously, quickly, despite challenges, and with great attention to detail
  • Ability to weigh multiple perspectives, gain consensus, and influence key stakeholders
  • General understanding / familiarity with separately managed account offerings
  • Ability to create presentations and effectively present to and persuade stakeholders
  • Expert user of PowerPoint and Excel 

Preferred Qualifications

  • MBA and/or equivalent post-MBA level experience preferred

What’s in it for you

At Schwab, you’re empowered to shape your future. We champion your growth through meaningful work, continuous learning, and a culture of trust and collaboration—so you can build the skills to make a lasting impact. Our Hybrid Work and Flexibility approach balances our ongoing commitment to workplace flexibility, serving our clients, and our strong belief in the value of being together in person on a regular basis.

We offer a competitive benefits package that takes care of the whole you – both today and in the future:

  • 401(k) with company match and Employee stock purchase plan
  • Paid time for vacation, volunteering, and 28-day sabbatical after every 5 years of service for eligible positions
  • Paid parental leave and family building benefits
  • Tuition reimbursement
  • Health, dental, and vision insurance

Apply