Portfolio Management Associate

Morgan Stanley; Boston (MA); On-site; USD 92,500 - 110,000; Full time

Job summary

Morgan Stanley is looking for a Portfolio Management Associate Director in Boston, MA, serving the Wealth Management team. This role entails crafting investment strategies with Financial Advisors and ensuring client engagement through direct communication.

Candidates should have over 10 years of relevant experience, necessary licenses, and a strong compliance track record. The position offers a competitive salary range of $92,500 to $110,000 annually, along with a comprehensive compensation package including commissions and bonuses.

Qualifications

• 10+ years of experience in a relevant field required.
• Active Series 7 and Series 66 or Series 63 and Series 65 licenses are necessary.
• Strong compliance record.

Responsibilities

• Make asset allocation recommendations to the team.
• Support Financial Advisors in analyzing portfolios.
• Conduct credit research and develop valuation models.

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 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, trends, and economic trends.

Duties and Responsibilities

• Portfolio Management & Business Development—Make asset allocation recommendations to the team and set up the portfolio in conjunction with the Financial Advisor / Private Wealth Advisor.
• Critically examine current holdings to evaluate if portfolio action is warranted.
• Proactively evaluate and upgrade platforms for the Portfolio Management Group.
• Implement decisions using PM trading platforms or other Firm’s online technologies to input trades.
• Determine scope of and perform necessary database and internet research, screenings and produce monthly or quarterly reports using proprietary software.
• Lead research meetings.
• Identify swap opportunities.
• Conduct credit research and develop valuation models.
• Client Support—Support Financial Advisors / Private Wealth Advisors in analyzing portfolios and developing advanced PM solutions and strategies for clients.
• Manage clients’ estate, trust, retirement, and insurance objectives with the Financial Advisor / Private Wealth Advisor.
• Screen new client prospects that are developed through leads and referrals to determine suitability for addition to group.
• Develop marketing and seminar materials and help distribute targeted presentations to clients on behalf of the Financial Advisor / Private Wealth Advisor.
• Support Financial Advisor / Private Wealth Advisor in meetings to discuss investment strategy options and perform 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.

Benefits and Compensation

Expected base pay rates for the role will be between $92,500 and $110,000 per year at the commencement of employment. 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 sponsor benefit programs.

Equal Employment Opportunity Statement

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).

For more information, please visit: https://www.morganstanley.com/people-opportunities/eeo.