Private Wealth Management Investment Consultant

PowerToFly; Morristown (NJ); On-site; USD 68,000 - 120,000; Full time

Benefits offered by this job

Health Insurance

401(k)

Paid Time Off

Discretionary bonuses

Job summary

Morgan Stanley in Morristown, New Jersey is seeking an Investment Consultant - Wealth Planning Specialist to oversee financial plans for clients. This senior role involves developing and maintaining comprehensive strategies and selling annuities and insurance solutions as necessary.

The ideal candidate will possess a strong background in financial planning, alongside relevant licenses and certifications. Morgan Stanley offers a competitive salary range of $68,000 to $120,000, plus benefits, including medical, dental, and retirement plans.

Qualifications

• 10 or more years of relevant work experience.
• Active Series 7, 63 and 65 or Series 7 and 66.
• Minimum of 5 years FINRA registration preferred.

Responsibilities

• Provide financial planning to team clients and conduct yearly reviews.
• Support FA team in purchasing Annuities and Insurance solutions.
• Examine and monitor client’s holdings for suitability.

Skills

Financial Planning

Annuities knowledge

Insurance products

Interpersonal skills

Communication skills

Education

College degree or professional certification

CFP

Insurance License

Job description

POSITION SUMMARY

The Investment Consultant - Wealth Planning Specialist is a senior level resource available to FA/PWA team that is responsible for the development, maintenance and oversight of financial plans for the team’s clients, in addition to specializing in the sale of annuities and insurance solutions to complement those financial plans.

DUTIES AND RESPONSIBILITIES

• Provide financial planning (including basic income replacement needs, supplemental retirement planning, estate and business planning, and wealth transfer planning) to all team clients and ensure that the plan is up to date by conducting a yearly review (as a minimum)
• Serve as liaison on behalf of the FA team in the purchase of Annuities and Insurance solutions
• Drive adoption of Goals-Based Wealth Management tools/ practices
• Lead meetings to discuss Insurance and Annuities investment strategies and options
• Critically examining and monitoring the client’s Annuities and Insurance holdings for ongoing suitability and making recommendations to upgrade or re-allocate holdings, where appropriate
• Assist clients with incorporating Insurance and Annuities solutions within their Financial Plans through case design support and asset/liability matching
• Maintain relationships with Retirement Solutions, Trust, and Planning Specialists as well as external partners to facilitate product implementation
• Serve as a source for connecting clients to other product/service opportunities (i.e. making connections to banking solutions based on the needs identified through the Financial Plan)
• Manage client interaction by participating and driving client prospecting and meetings

EDUCATION AND/OR EXPERIENCE

• College degree or professional certification required
• 10 or more years of relevant work experience
• CFP
• Insurance Licensed
• Wealth transfer / trust experience
• Active Series 7, 63 and 65 or Series 7 and 66, or successful completion of Series 7 and Series 66 exams within the time frame provided by applicable company policy
• Minimum of 5 years FINRA Registration preferred

KNOWLEDGE / SKILLS

• Extensive knowledge around Financial Planning, Annuities, and Insurance products
• Familiarity with Morgan Stanley Insurance, Annuities, and Financial Planning suite a plus
• Financial industry and product knowledge
• Excellent interpersonal, written, verbal, and communication skills
• Knowledge of applicable compliance rules and regulations and firm policies

REPORTS TO

• Branch Manager and dotted line to the Assistant Complex Manager

COMPENSATION AND BENEFITS

New York: Expected base pay rates for the role will be between $68,000 and $120,000 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.

New Jersey: Salary range for the position: $68,000 and $120,000 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.

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.