Private Wealth Management Associate

Morgan Stanley; New York (NY); On-site; USD 75,000 - 125,000; Full time

Job summary

Morgan Stanley is seeking a Wealth Management Associate in New York, NY. This role emphasizes exceptional client service, cultivating client relationships, and supporting Financial Advisors with various tasks.

The ideal candidate will have over 5 years of relevant experience, a four-year degree or professional certification, and necessary licenses. The expected base salary ranges from $75,000 to $125,000 annually, depending on qualifications and experience.

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Qualifications

• 5+ years of work experience in a field relevant to the position.
• Detail-oriented with superior organizational skills.
• Ability to work in a fast-paced, evolving environment.

Responsibilities

• Cultivating relationships with business partners and colleagues.
• Supporting FA/PWA/team in enhancing client relationships.
• Preparing and reviewing client reports or financial plans.

Skills

Strong leadership skills

Knowledge of financial services products

Detail-oriented

Exceptional writing and interpersonal skills

Strong time management skills

Team player

Adaptable and ability to multi-task

Education

Four-year college degree or professional certification

Active Series 7 (GS), Series 66 (AG/RA) or Series 63 (AG) and Series 65 (RA)

Tools

MS Office (particularly MS Excel)

Job description

POSITION SUMMARY

Wealth Management Associates provide exceptional service to our clients and support Financial Advisor(s) (FAs)/ Private Wealth Advisor(s) (PWAs)/ teams on a daily basis. As senior 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 areas such as digital marketing, portfolio holdings and/or proposal tools and financial planning.

DUTIES and RESPONSIBILITIES

Client Service

• Cultivating relationships with business partners and colleagues internally and externally


• Supporting the FA/PWA/team in enhancing new and existing client relationships by providing an exceptional client experience


• Assisting the FA/PWA/team in delivering against their client service model, including preparing for regular meetings as well as tracking follow‑ups


• Ensuring all client service functions are performed in a timely manner, assigning work to team members on a daily basis if/as needed


• Providing 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 clients 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 capacity


• Remaining current on all policies, procedures and new platforms and sharing reminders and best practices with other service team members

Business Development Support

• Assisting the FA/PWA/team in organizing around and executing against their business plan, partnering closely with other market stakeholders such as Practice Strategy Consultants and Branch Management


• At the direction of FA/PWA/team, executing against all administrative elements of digital and in person marketing strategies including conferences and seminars or webinars, websites, social media and regular email connectivity


• At 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 clients


• At the request of the client and/or FA/PWA/team, assisting with research using firm‑approved systems


• At the request of FA/PWA/team, participating in existing client and/or prospective client meetings, representing the service lens


• Participating in firm initiatives (e.g., training or education programs), special projects and/or other duties directed by local management

EDUCATION, EXPERIENCE, KNOWLEDGE and SKILLS

Education and/or Experience

• 5+ years of work 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) required


• Additional product licenses may be required

Knowledge/Skills

• Strong leadership skills


• Knowledge of financial services products, including but not limited to equities, bonds, options, mutual funds, annuities, insurance, and managed accounts


• Technically proficient and quick learner of new and updated platforms


• Detail oriented with superior organizational skills and ability to prioritize


• Expert knowledge of basic personal computer, MS Office (particularly MS Excel) and internet applications


• Exceptional writing, interpersonal and client service skills


• Strong time management skills


• Team player with the ability to collaborate with others


• Ability to work in a fast‑paced, evolving environment


• Adaptable and ability to multi‑task


• Goal oriented, self‑motivated and results driven

REPORTS TO

Business Service Officer

EXPECTED COMPENSATION

Expected base pay rates for the role will be between $75,000 and $125,000 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.

EEO STATEMENT

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.