Portfolio Associate

Reposted 14 Days Ago
Be an Early Applicant
Harrison, NY, USA
In-Office
17-43 Hourly
Senior level
Fintech • Financial Services
The Role
Portfolio Associates support Financial Advisors by enhancing client relationships, facilitating transactions, onboarding clients, and providing administrative support, while being dedicated to personal development and teamwork.
Summary Generated by Built In

POSITION SUMMARY  
Portfolio Associates provide exceptional service to our clients and support Financial Advisor(s) (FAs)/ Private Wealth Advisor(s) (PWAs)/ teams on a daily basis.  As key members of the service team, through regular interactions with clients, individuals in this role build trusted relationships.  Leading with a client 
first mindset, a successful candidate for this role will have strong interpersonal skills and will be able to assist clients with their everyday needs.  This title is given to Registered Client Service Associates who are committed to their personal development and growth, successfully complete the Portfolio Associate 
curriculum and are nominated by their leadership team based on their performance and contributions.  
Portfolio Associates are those who continuously deliver exceptional results; serve as a role model to their peers and who are committed to their personal development and growth. 
DUTIES and RESPONSIBILITIES: 
CLIENT SUPPORT 
Provide service coverage for a FA/PWA/team including:  
•  Supporting the FA/PWA/team in cultivating and enhancing new and existing client relationships  
• Executing money movement transactions at the request of the client and/or FA/PWA/team 
• Answering general non-investment related questions concerning client accounts, including relaying 
stock positions, and providing account balances (e.g., funds due and margin debit) 
• Enter profile information or pre-fill account documentation on client accounts and/or documents in 
aa clerical capacity at the direction of the client and/or FA/PWA/team 
• Educating or enrolling clients in digital tools (e.g. MSOnline, eSign, eAuthorization) 
• Onboard and maintain client accounts, including collecting client information and required 
documentation in a clerical capacity at the direction of the client and/or FA/PWA/team 
• Provide existing clients with details around their account information (e.g., investment objectives, 
risk tolerance)  
• Accept or enter unsolicited orders and/or enter solicited orders in a clerical capacity at the direction 
of the FA/PWA/team 
• Supporting the FAs / PWAs / teams’ marketing strategy (e.g., website maintenance)  
• Assist FAs / PWAs/ teams in delivering against their business plan and client service model  
• Remaining current on all policies, procedures, and new platforms  
• Participating in firm initiatives (e.g., training or education programs), special projects and/or other 
duties directed by local management 
• Serve as a peer / mentor to other Support Professionals in the market  
ADMINISTRATIVE SUPPORT:  
• Answering inbound phone calls or making outbound calls with updates on service requests (e.g., 
scheduling follow-up calls with FAs / PWAs / teams as needed)   
Morgan Stanley 
EOE committed to diversifying its workforce. 
M/F/D/V 
Version: 7/10/2024 
Morgan Stanley 
Portfolio Associate 
Job Description 
• Managing the calendar including coordinating meetings or events with logistics such as material 
prep (e.g., maintaining agendas, sending calendar invites with Zoom credentials)  
• Maintaining travel itineraries, preparing expense reports and managing the reimbursement process 
• Assisting with general in-office support functions such as copying, filing and scanning documentation 
• Preparing and submitting expense reports for processing at the direction of the FA/PWA 
EDUCATION, EXPERIENCE, KNOWLEDGE, and SKILLS: 
Education and/or Experience 
• High School Diploma/Equivalency 
• College degree preferred 
• Active Series 7 (GS), and Series 66 (AG/RA) or Series 63 (AG) and Series 65 (RA) 
• 5+ years of work experience in a field relevant to the position  
• Successful completion of the pre-requisite Portfolio Associate Training Curriculum, with leadership 
nomination  
Knowledge/Skills 
• Knowledge of financial services products, including but not limited to equities, bonds, options, 
mutual funds, annuities, insurance, and managed accounts 
• Detail orientated with superior organizational skills and ability to prioritize  
• Advanced Microsoft Office skills (Word, Excel, Outlook and PowerPoint) 
• Exceptional writing, interpersonal and client service skills 
• Strong time management skills 
• Team player with the ability to collaborate with others 
• Ability to work in a fast-paced, evolving environment 
• Adaptable and ability to multitask  
• Goal oriented, self-motivated and results driven 
Reports to: 
• Business Service Officer 
Morgan Stanley 
EOE committed to diversifying its workforce. 
M/F/D/V 
Version: 7/10/2024

WHAT YOU CAN EXPECT FROM MORGAN STANLEY:

At Morgan Stanley, we raise, manage and allocate capital for our clients – helping them reach their goals. We do it in a way that’s differentiated – and we’ve done that for 90 years.  Our values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - aren’t just beliefs, they guide the decisions we make every day to do what's best for our clients, communities and more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you’ll find an opportunity to work alongside the best and the brightest, in an environment where you are supported and empowered. Our teams are relentless collaborators and creative thinkers, fueled by their diverse backgrounds and experiences. We are proud to support our employees and their families at every point along their work-life journey, offering some of the most attractive and comprehensive employee benefits and perks in the industry. There’s also ample opportunity to move about the business for those who show passion and grit in their work.

To learn more about our offices across the globe, please copy and paste https://www.morganstanley.com/about-us/global-offices​ into your browser.

Expected base pay rates for the role will be between $17 and $43.27 per hour at the commencement of employment. However, base pay if hired will be determined on an individualized basis and is only part of the total compensation package, which, depending on the position, may also include commission earnings, incentive compensation, discretionary bonuses, other short and long-term incentive packages, and other Morgan Stanley sponsored benefit programs.

Morgan Stanley is an equal opportunity employer committed to building and maintaining a workforce that is diverse in experience and background.  Our recruiting efforts reflect our strong commitment to a culture of inclusion, where individuals are hired, developed, and advanced based on their skills and talents.

Our workforce reflects a broad cross-section of the global communities in which we operate, bringing a variety of backgrounds, talents, perspectives, and experiences.

For more information, please visit: https://www.morganstanley.com/people-opportunities/eeo.

Skills Required

  • High School Diploma/Equivalency
  • College degree preferred
  • Active Series 7, and Series 66 or Series 63 and Series 65
  • 5+ years of relevant work experience
  • Successful completion of the pre-requisite Portfolio Associate Training Curriculum

Morgan Stanley Compensation & Benefits Highlights

The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Morgan Stanley and has not been reviewed or approved by Morgan Stanley.

  • Parental & Family Support Family support is extensive, with paid parental leave for all parents, adoption and fertility assistance, backup childcare, and eldercare resources. Feedback suggests these programs meaningfully enhance the overall package and help with retention.
  • Healthcare Strength Health coverage spans medical, dental, vision, mental‑health access, care navigation, and expert second opinions. Convenient primary care access and condition‑specific support reinforce the depth of healthcare coverage.
  • Equity Value & Accessibility Equity compensation and stock ownership are positioned as core motivators that encourage commitment and retention. Feedback suggests education and support are provided to help participants manage equity and related financial benefits.

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The Company
HQ: New York, NY
87,899 Employees

What We Do

Morgan Stanley mobilizes capital to help governments, corporations, institutions and individuals around the world achieve their financial goals. For over 85 years, the firm’s reputation for using innovative thinking to solve complex problems has been well earned and rarely matched. A consistent industry leader throughout decades of dramatic change in modern finance, Morgan Stanley will continue to break new ground in advising, serving and providing new opportunities for its clients. Morgan Stanley is committed to maintaining the first-class service and high standard of excellence that have always defined the firm. At its foundation are five core values — putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back — that guide its more than 60,000 employees in 1,200 offices across 41 countries.

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