Wealth Management Associate

Morgan Stanley; Toms River (NJ); On-site; USD 68,000 - 120,000; Full time

Benefits offered by this job

Medical benefits

401(k)

Paid Time Off

Job summary

Morgan Stanley in Toms River, NJ is looking for Wealth Management Associates to provide exceptional client service and support to Financial Advisors. This role involves building trusted client relationships and supporting business development efforts through various channels.

Candidates should possess strong interpersonal skills, knowledge of financial products, and the ability to manage multiple tasks efficiently. The position offers a competitive salary along with a comprehensive benefits package including health plans, paid time off, and a 401(k).

Qualifications

• Participates in training or education programs.
• Represents service lens in client meetings.

Responsibilities

• Cultivates relationships with business partners.
• Assists in executing digital marketing strategies.
• Prepares client reports or financial plans.

Skills

Strong leadership skills

Knowledge of financial services products

Proficient in MS Office

Exceptional writing skills

Strong time management skills

Goal oriented

Tools

MS Excel

Internet applications

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 a focus 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.

Client Support

• Provide coverage for an FA/PWA/team including
  • 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 & Operational Support

• Assist 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, execute 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, prepare and review 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, assist with research using firm‑approved systems

Qualifications

Education and/or Experience

• Participating in existing client and/or prospective client meetings, representing the service lens as requested by FA/PWA/team
• Participating in firm initiatives (e.g., training or education programs), special projects and/or other duties directed by local management

Knowledge, Skills & Abilities

• 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 platformsDetail 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

Compensation & Benefits

Salary range for the position: $68,000 to $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 may also 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 Vacation Days annually), 10 Paid Holidays, 401(k), and Short/Long Term Disability, in addition to other special perks reserved for our employees.

Equal Opportunity Employment

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.