POSITION SUMMARY:
The Portfolio Management (PM) Associate Director is a vital part of the Wealth Management team who assists Financial Advisors / Private Wealth Advisors with the development and execution investment strategies based on client goals. The Portfolio Management Associate Director works with the Financial Advisor / Private Wealth Advisor to create customized investment plans for clients, creates reporting on investment activity and performance and communicates effectively with clients regarding their accounts, market conditions and economic trends. This role requires an in-depth understanding of market conditions, trends, and economic trends.
DUTIES and RESPONSIBILITIES:
Portfolio Management & Business Development:
- Makes asset allocation recommendations to the team and sets up the portfolio in conjunction with the Financial Advisor / Private Wealth Advisor
- Critically examines current holdings to evaluate if portfolio action is warranted
- Proactively evaluates and upgrades platforms for the Portfolio Management Group
- Implements decisions by using PM trading platforms or other Firm’s online technologies to input trades
- Determines scope of and performs necessary database and internet research, screenings and produces monthly or quarterly reports using proprietary software
- Leads research meetings
- Identifies swap opportunities
- Conducts credit research and develops valuation models
Client Support:
- Supports Financial Advisors / Private Wealth Advisors in analyzing portfolios and developing advanced PM solutions and strategies for clients
- Manages clients’ estate, trust, retirement, and insurance objectives with the Financial Advisor / Private Wealth Advisor
- Screens new client prospects that are developed through leads and referrals to determine suitability for addition to group
- Develops marketing and seminar materials and helps distribute targeted presentations to clients on behalf of the Financial Advisor / Private Wealth Advisor
- Supports Financial Advisor / Private Wealth Advisor in meetings to discuss investment strategy options and performs market reviews
EDUCATION, EXPERIENCE, KNOWLEDGE, and SKILLS:
Education and/or Experience
- 10+ years of experience in a field relevant to the position required
- Advanced degree or professional certification or prior industry experience required
- Active Series 7 (GS) and Series 66 (AG/RA) or Series 63 (AG) and Series 65 (RA)
- Must hold and maintain the CFA designation
- Additional product licenses may be required
- Strong compliance record
Knowledge/Skills
- Enjoys working with people and solving problems
- Effective written and verbal communication skills
- Proficient in applicable software applications
- Strong understanding of applicable compliance rules, regulations and firm policies
- Knowledge of financial industry and investment products preferred
- Successful completion of the Portfolio Management Coursework or holds the CFA designation
- Detail-oriented with superior organizational skills and ability to prioritize tasks
- Able to work independently and effectively on a team
- Ability and interest in working in a fast-paced, evolving environment
Reports to:
- Complex Business Service Officer and/or Business Service Officer
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.
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
- 10+ years of experience in a relevant field
- Advanced degree, professional certification, or relevant prior industry experience
- Active Series 7 license
- Series 66, or Series 63 and Series 65 licenses
- Additional product licenses, as required
- Strong compliance record
- Proficiency in applicable software applications
- Strong knowledge of applicable compliance rules, regulations, and firm policies
- Knowledge of the financial industry and investment products
- Completion of Portfolio Management Coursework or CFA designation
- Strong written and verbal communication skills
- Superior organizational skills and ability to prioritize tasks
- Ability to work independently and effectively on a team
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.
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Healthcare Strength — Health coverage is characterized as comprehensive, with medical, dental, vision, and added supports like One Medical and mental-health sessions. Feedback suggests the overall package is strong to excellent for a large financial-services employer.
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Retirement Support — Retirement programs include a 401(k) with company matching and related financial benefits. These features are frequently highlighted as part of a broad, competitive package.
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Parental & Family Support — Family benefits are noted for generous paid parental leave, fertility support, and caregiver leave. Feedback suggests these offerings stand out as a strength within the package.
Morgan Stanley Insights
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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