Portfolio Management Internship

In breve

Heritage is creating a Modern Investment Office that helps prominent families worldwide grow and protect their wealth. The firm blends institutional‑grade investment sourcing, personalized portfolio construction, advanced technology and deep sector expertise to make private‑market opportunities more transparent and actionable. The Portfolio Management Internship sits within the newly formed Investment Lab division, supporting Heritage's growth through portfolio construction, investment advice and organic initiatives. As a Portfolio Management Intern you will work daily with client portfolios, analysing existing and prospective holdings across multiple asset classes and custodians. Your tasks include reviewing allocation structures, spotting inefficiencies such as cost drag or concentration, and building a clear picture of each portfolio's alignment with client objectives. You will also help develop improved allocation proposals, research financial instruments, including funds, ETFs, private‑market vehicles and structured products, and model the impact of potential changes. In addition, you will assist senior stakeholders in preparing concise presentation decks that turn complex analysis into actionable recommendations. The role is aimed at a student or recent graduate with a solid foundation in finance or economics and a genuine interest in investment management. Candidates must demonstrate a strong understanding of public equities, fixed income and alternative investments, be comfortable working with numbers, building models and drawing analytical conclusions, and possess excellent communication skills to translate complex analysis into clear, logical output. Organizational ability, meticulous attention to detail, and the capacity to manage deadlines independently are essential. Fluency in English is required, and applicants must be available to start the internship in November 2026. Heritage offers a paid six‑month internship in Milan, beginning in October/November 2026. Interns join an international team representing more than ten nationalities, with daily collaboration and quarterly team‑building events. The programme promises exposure to top‑tier professionals from leading organisations, providing a strong platform for personal and professional growth in a vibrant, multicultural environment. What the role asks for: - Student or recent graduate in finance or economics - Understanding of public equities, fixed income, alternatives - Ability to read data, build models, draw conclusions - Strong written and verbal communication skills - Excellent organizational and deadline‑management abilities - Extraordinary attention to detail - Genuine curiosity about wealth management and private markets - English fluency - Availability to start internship in November 2026 (nice‑to‑have)