Private Wealth Management Portfolio Management Associate Director

Private Wealth Management Portfolio Management Associate Director Job Number: 3260679 POSTING DATE: Oct 18, 2024 PRIMARY LOCATION: Americas-United States of America-California-Menlo Park EDUCATION LEVEL: Refer to Position Description JOB: Wealth Management EMPLOYMENT TYPE: Full Time JOB LEVEL: Professional 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 of 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 and 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 the 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. QUALIFICATIONS 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: Complex Business Service Officer and/or Business Service Officer 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). #J-18808-Ljbffr