Private Wealth Management Portfolio Management Associate

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Job Description - Private Wealth Management Portfolio Management Associate (3258095)

Date : Aug 28, 2024

Location : Americas-United States of America-California-Pasadena

Education Level : Refer to Position Description

Department : Wealth Management

Employment Type : Full Time

Job Level : Professional

POSITION SUMMARY :

The Portfolio Management (PM) Associate is an integral member of a Wealth Management team who assists Financial Advisors / Private Wealth Advisors with developing financial plans and investment strategies based on client goals.

The Portfolio Management Associate creates a consistent and positive client experience to help ensure all commitments are completed and delivered in a timely manner.

This role requires an in-depth understanding of market conditions, trends and overall economic outlook in order to provide both client and portfolio management support to the team.

DUTIES and RESPONSIBILITIES :

Portfolio Management & Business Development :

• Makes asset allocation recommendations to the group and sets up the portfolio in conjunction with the Financial Advisor / Private Wealth Advisor.
• Proactively evaluates and upgrades platforms for the Portfolio Management Group; implements decisions by using the LYDIA trading platform.
• Determines scope of and performs necessary database and internet research, screenings, and produces monthly or quarterly reports using proprietary software.
• Critically examines current holdings to evaluate if portfolio action is warranted.
• Attends research meetings.

Client Support :

• Regularly meets with clients to discuss investment strategy options and perform market reviews with or on behalf of the Financial Advisor / Private Wealth Advisor.
• 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 material and helps distribute targeted presentations to clients on behalf of the Financial Advisor / Private Wealth Advisor.

EDUCATION, EXPERIENCE, KNOWLEDGE, and SKILLS :

Education and / or Experience :

• 5+ years of experience in a field relevant to the position required.
• Four-year college degree or professional certification preferred.
• Active Series 7 (GS) and Series 66 (AG / RA) or Series 63 (AG) and Series 65 (RA).
• Additional product licenses may be required.
• Mandarin fluency preferred.

Knowledge / Skills :

• Enjoys working with people and solving problems.
• Effective written and verbal communication skills.
• Proficient in applicable software applications.
• Knowledge of financial industry and investment products preferred.
• Successful completion of Portfolio Management Coursework or holds the CFA designation.
• Strong understanding of applicable compliance rules, regulations and firm policies.
• 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 :

Business Service Officer

Compensation : Expected base pay rates for the role will be between $50,000 and $115,000 per year 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's goal is to build and maintain a workforce that is diverse in experience and background but uniform in reflecting our standards of integrity and excellence.

Consequently, our recruiting efforts reflect our desire to attract and retain the best and brightest from all talent pools.

We want to be the first choice for prospective employees.

It is the policy of the Firm to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, religion, creed, age, sex, sex stereotype, gender, gender identity or expression, transgender, sexual orientation, national origin, citizenship, disability, marital and civil partnership / union status, pregnancy, veteran or military service status, genetic information, or any other characteristic protected by law.

Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M / F / Disability / Vet).

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