Business Development Associate

Morgan-Stanley; Deerfield (IL); On-site; USD 75,000 - 125,000; Full time

Benefits offered by this job

Medical insurance

Dental & Vision insurance

Paid time off

401(k)

Job summary

Morgan Stanley in Deerfield, IL seeks a seasoned Business Development Associate to support Financial Advisors with client service, meetings, and execution of business plans. You will assist with digital marketing, portfolio tools, and client reporting, while coordinating with Practice Strategy Consultants and Branch Management.

The role emphasizes relationship building, strong MS Office skills, and the ability to multi-task in a fast-paced environment.

Qualifications

• 5+ years of work experience in a role supporting financial advisors or client service
• Bachelor’s degree or professional certification preferred
• Active Series 7 (GS) and Series 66 (AG/RA) or Series 63 (AG) and Series 65 (RA) required

Responsibilities

• Support Financial Advisor(s)/PWA(s) with client service and development efforts
• Prepare for meetings and track follow-ups
• Assist with digital marketing, portfolio holdings, and proposal tools
• Contribute to business plan execution with market stakeholders
• Provide backup coverage for clerical client service tasks

Skills

Relationship building

Financial services knowledge

MS Office / Excel

Client service

Time management

Education

Bachelor's degree

Professional licenses (Series 7/66/63/65)

Tools

MS Office

MS Excel

CRM / client reporting tools

Job description

POSITION SUMMARYBusiness Development 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 their focus will be on delivering an exceptional client experience. In supporting Financial Advisor(s) (FAs)/ Private Wealth Advisor(s) (PWAs)/ teams, this role will focus on assisting in all areas of service level business development including digital marketing, portfolio holdings and/or proposal tools and financial planning.DUTIES and RESPONSIBILITIES:Cultivating relationships with business partners and colleagues internally and externallySupporting the FA/PWA/team in cultivating and enhancing new and existing client relationships through an exceptional client experienceAssisting the FA/PWA/team in delivering against their client service model, including preparing for regular meetings as well as tracking follow-upsAssisting the FA/PWA/team in organizing around and executing against their business plan and strategies to support it, partnering closely with other market stakeholders such as Practice Strategy Consultants, Business Development Managers and Branch ManagementAt the direction of FA/PWA/team, executes against all clerical elements of digital and in-person marketing strategies including conferences and seminars or webinars, websites, social media and regular email connectivityAt the request of the client and/or FA/PWA/team, preparing and reviewing various client reports or financial plans from firm-approved systems for existing or prospective clientsAt the request of the client and/or FA/PWA/team, assisting with research using firm-approved systemsAt the request of FA/PWA/team, participating in existing client and/or prospective client meetings, representing the service lensFocusing with the FA/PWA/team and other business partners to optimize business practice efficienciesProviding backup coverage for traditional registered or unregistered Client Service Associate responsibilities at the request of the client and/or FA/PWA/team, such as executing money movement transactions, answering general non-investment related questions concerning client accounts, educating or enrolling clients in digital tools (e.g., MS Online), accepting or entering unsolicited orders and/or entering solicited orders in a clerical capacityParticipating in firm initiatives (e.g., training or education programs), special projects and/or other duties directed by local managementRemaining current on all policies, procedures and new platformsEDUCATION, EXPERIENCE, KNOWLEDGE, and SKILLS:Education and/or Experience5+ years of work experience in a field relevant to the position requiredFour-year college degree or professional certification preferredActive Series 7 (GS), and Series 66 (AG/RA) or Series 63 (AG) and Series 65 (RA) requiredAdditional product licenses may be requiredKnowledge/SkillsKnowledge of financial services products, including but not limited to equities, bonds, options, mutual funds, annuities, insurance, and managed accountsTechnically proficient and quick learner of new and updated platformsDetail oriented with superior organizational skills and ability to prioritizeExpert knowledge of basic personal computer, MS Office (particularly MS Excel) and internet applicationsExceptional writing, interpersonal and client service skillsStrong time management skillsTeam player with the ability to collaborate with othersAbility to work in a fast-paced, evolving environmentAdaptable and ability to multi-taskGoal oriented, self-motivated and results drivenReports to:Business Service OfficerWHAT 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.Salary range for the position: $75,000 and $125,000 per year. The successful candidate may be eligible for an annual discretionary incentive compensation award. The successful candidate may be eligible to participate in the relevant business unit’s incentive compensation plan, which also may include a discretionary bonus component. Morgan Stanley offers a full spectrum of benefits, including Medical, Prescription Drug, Dental, Vision, Health Savings Account, Dependent Day Care Savings Account, Life Insurance, Disability and Other Insurance Plans, Paid Time Off (including Sick Leave consistent with state and local law, Parental Leave and X Vacation Days annually), 10 Paid Holidays, 401(k), and Short/Long Term Disability, in addition to other special perks reserved for our employees. Please visit mybenefits.morganstanley.com to learn more about our benefit offerings.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 .