Private Wealth Management Director of Investments

711 MS Smith Barney, LLC; Menlo Park (CA); On-site; USD 75,000 - 125,000; Full time

Job summary

Morgan Stanley seeks a Director of Investments to guide the investment policy for the Financial Advisor / Private Wealth Advisor team. The role develops asset allocation models and oversees reporting and performance metrics for all client assets, coordinating with advisors and clients.

Qualifications include 10+ years of experience, an advanced degree or certification, and relevant investment licenses. Reports to Complex BSO/Manager; base pay ranges with incentives are offered.

Qualifications

• 10+ years of work experience in a field relevant to the position.
• Advanced degree or professional certification required.
• Active Series 7 (GS) and Series 66 (AG/RA) or Series 63 (AG) and Series 65 (RA) licenses preferred.

Responsibilities

• Develops and oversees investment functions, policies, reporting and performance metrics.
• Partners with advisors on asset allocation models and investment strategy execution.
• Establishes relationships to access research and managers.
• Evaluates managers and rebalances assets to align with policy.
• Reviews benchmarks for current asset allocation.
• May participate in client meetings and address client questions on investments.
• Prepares investment portfolio analyses and client materials.

Education

Advanced degree or professional certification

Investment licenses (Series 7/66 or 63/65)

10+ years of relevant experience

Job description

The Director of Investments is a senior level position on a Financial Advisor / Private Wealth Advisor team. This industry professional plays a critical role in helping clients achieve their investment goals by developing, maintaining, and overseeing the strategic investment policy and program for all client assets managed by the team. The Director of Investments is responsible for the development of asset allocation models and the oversight of the team’s reporting and performance metrics. This professional must have strong organizational, analytical and communication skills to effectively discuss investment strategies with the Financial Advisor / Private Wealth Advisor team and their clients.

DUTIES and RESPONSIBILITIES:

Investment Management

• Develops and oversees investment functions including the oversight of policies, procedures, reporting and performance metrics via firm approved resources
• Partners with Financial Advisor / Private Wealth Advisor on the selection and oversight of investment managers, the development of asset allocation models and executes the implementation of the investment strategy on behalf of the Financial Advisor team
• Establishes relationships within the investment community to ensure access to best-in-class research and managers
• Evaluates investment managers on behalf of the team and recommends changes, if necessary, to re-balance assets and terminate and hire managers to ensure managers and investment mandates align with the investment policy
• Reviews and develops recommendations regarding the appropriate benchmarks for the current asset allocation in conjunction with the Financial Advisor / Private Wealth Advisor

Client Engagement

• May participate in or conduct client meetings with or on behalf of the Financial Advisors / Private Wealth Advisors
• Serves as a contact for clients when administrative problems arise, as well as fields general client questions on a broad spectrum of topics
• Conducts investment portfolio analysis, prepares materials and interacts with clients on investment issues

EDUCATION, EXPERIENCE, KNOWLEDGE, and SKILLS:

• Education and/or Experience 10+ years of work 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

Knowledge/Skills Enjoys working with people and solving problems Financial industry and product knowledge Effective written and verbal communication skills Strong understanding of applicable compliance rules and regulations and firm policies Team player with the ability to collaborate with others Ability to interact and communicate effectively with colleagues and clients Detail-oriented with superior organizational skills and ability to prioritize tasks Ability and interest in working in a fast-paced, evolving environment

Reports to: Complex Business Service Officer and/or Business Service Manager

To qualify, applicants must be legally authorized to work in the United States and must not require, now or in the future, sponsorship for employment visa status.

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 $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. 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. At Morgan Stanley, we advise, originate, trade, manage and distribute capital for people, governments and institutions, always with a standard of excellence and guided by our core values. Morgan Stanley is dedicated to providing first-class service to our clients, in a way that reflects our commitment to creating a more sustainable future and fostering stronger communities around the world. In each line of business, we strive to demonstrate our belief in the power of transformative thinking, innovative strategies and leading-edge solutions—and in the ability of capital to work for the benefit of all society.