Wealth Management Associate

PowerToFly; Chicago (IL); On-site; USD 68,000 - 120,000; Full time

Benefits offered by this job

Discretionary bonus

Comprehensive benefits

Job summary

Morgan Stanley in Chicago seeks a seasoned wealth planning associate to build client relationships, support advisors, and enhance the client experience.

You will use planning tools, prepare reviews, and educate clients on products while coordinating with the advisory team to drive growth.

Qualifications

• 5+ years of work experience in a field relevant to the position
• Four-year college degree or professional certification preferred
• Active SIE, Series 7 and 66 (or 63 and 65) licenses
• Additional product licenses may be required

Responsibilities

• Establishes and cultivates trusting client relationships and guides investment planning
• Supports Financial Advisors in developing and delivering strategies
• Improves client experience with value-focused service
• Uses financial planning tools to analyze data and present findings with Advisors
• Prepares performance reports and quarterly investment monitors
• Educates clients on products and services offered

Skills

People skills

Communication skills

Financial knowledge

Compliance knowledge

Teamwork

Leadership

MS Office

Attention to detail

Adaptability

Education

Four-year college degree or professional certification

Active SIE, Series 7 and 66 licenses

Additional product licenses may be required

Tools

Microsoft Office Suite

Job description

DUTIES AND RESPONSIBILITIES

• Establishes and cultivates trusting relationships with new and existing clients, proactively helping them understand their investments and planning strategies, often with guidance and input from team members
• Assists Financial Advisors / Private Wealth Advisors in the development and delivery of financial and investment strategies that aim to address each client’s specific goals and concerns
• Leads a team-wide effort to organize, streamline and enhance a client experience that emphasizes value, service and attention to detail
• Thoroughly understands and utilizes the firm’s financial planning tools to analyze complex financial information and lead presentations in partnership with the Financial Advisors / Private Wealth Advisors
• Prepares performance reports and other data for clients that may involve evaluating account performance, analyzing investment portfolio holdings and generating quarterly investment performance monitors
• Provides ongoing support in educating clients about specific products and services offered at the firm
• Develops presentation materials and proposals to assist Financial Advisors in cultivating new business opportunities
• May participate in or conduct client meetings with or on behalf of the Financial Advisors / Private Wealth Advisors
• Works with clients on the execution of orders in Brokerage and Advisory accounts
• Assists clients with market and stock research
• Designs and produces strategy reports and other types of communications for Financial Advisor / Private Wealth Advisor to use with clients and prospects as part of the overall marketing initiative
• Conducts quarterly/annual business performance reviews in partnership with the Financial Advisor / Private Wealth Advisor
• Manages events, webinars and seminars by organizing, marketing and setting up the venue in collaboration with the Financial Advisor / Private Wealth Advisor

BUSINESS DEVELOPMENT & OPERATIONAL SUPPORT

• Develops customized presentation materials and manages performance measurements on existing accounts to market and attract new clients
• Collaborates with the Financial Advisor / Private Wealth Advisor to develop an overall business plan and marketing strategy that may include targeted events and customized seminars
• Develops, implements and communicates enhanced service protocols and new procedures, products and portfolio enhancements to existing clients
• Identifies and implements practice management opportunities by interfacing with various departments across the firm
• Coordinates enrollment campaigns/meetings for existing clients
• Assigns work to team’s Client Service Associate as appropriate
• Cultivates and develops relationships with business partners internally and externally
• Provides tailored recommendations to the Financial Advisor / Private Wealth Advisor about specific client situations and opportunities to consider
• Proactively participates in firm initiatives directed by local management

EDUCATION, EXPERIENCE, KNOWLEDGE, AND SKILLS

• 5+ years of work experience in a field relevant to the position required
• Four-year college degree or professional certification preferred
• Active SIE, Series 7 and 66 (or 63 and 65) licenses
• Additional product licenses may be required

KNOWLEDGE / SKILLS

• Enjoys working with people and problem solving
• Effective written and verbal communication skills
• Knowledge of financial industry and investment products preferred
• Strong understanding of applicable compliance rules, regulations and firm policies
• Able to work independently and effectively on a team
• Demonstrates leadership skills
• Strong computer skills, including knowledge of Microsoft Office (Word, Excel and PowerPoint)
• Detail‑oriented with superior organizational skills and ability to prioritize tasks
• Ability and interest in working in a fast‑paced, evolving environment

REPORTS TO

• Business Service Manager

SALARY AND BENEFITS

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 STATEMENTS

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.