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Portfolio Management Associate

Morgan Stanley

  • Boston, Massachusetts
  • 30+ days ago

    Highlights

    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. 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.

    Numbers & Facts

    LocationBoston, Massachusetts
    IndustryBanking
    Company Size10,000 employees or more
    Year Founded1935
    Websitehttp://www.morganstanley.com

    Description

    Job Description

    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)

    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: 

    Market Business Service Officer and/or Business Service Officer


    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).

    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 $92,500 and $110,000 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 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.

    About Company

    Morgan Stanley is a global financial services firm offering a complete range of financial services to a large and diversified group of clients and customers, including governments, corporations, institutions and individuals throughout the world. The talent and passion of our people is critical to our success. Together, we share a common set of values rooted in integrity and excellence. Morgan Stanley can provide a superior foundation for building a professional career - a place for people to learn, to achieve and to grow.

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