Portfolio Management Associate **
Morgan Stanley
Norwell, MA, USA
Posted on Dec 20, 2024
POSITION SUMMARY:
The Portfolio Management (PM) Associate is an integral member of a Wealth Management team who assists Financial Advisors / Private Wealth Advisors with developing financial plans and investment strategies based on client goals. The Portfolio Management Associate creates a consistent and positive client experience to help ensure all commitments are completed and delivered in a timely manner. This role requires an in-depth understanding of market conditions, trends and overall economic outlook in order to provide both client and portfolio management support to the team.
DUTIES and RESPONSIBILITIES:
Portfolio Management & Business Development:
- Makes asset allocation recommendations to the group and sets up the portfolio in conjunction with the Financial Advisor / Private Wealth Advisor
- Proactively evaluates and upgrades platforms for the Portfolio Management Group; implements decisions by using the LYDIA trading platform
- Determines scope of and performs necessary database and internet research, screenings, and produces monthly or quarterly reports using proprietary software
- Critically examines current holdings to evaluate if portfolio action is warranted
- Attends research meetings
Client Support:
- Regularly meets with clients to discuss investment strategy options and perform market reviews with or on behalf of the Financial Advisor / Private Wealth Advisor
- Manages clients’ estate, trust, retirement, and insurance objectives with the Financial Advisor / Private Wealth Advisor
- Screens new client prospects that are developed through leads and referrals to determine suitability for addition to group
- Develops marketing and seminar material and helps distribute targeted presentations to clients on behalf of the Financial Advisor / Private Wealth Advisor
EDUCATION, EXPERIENCE, KNOWLEDGE, and SKILLS:
Education and/or Experience
- 2+ years of 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)
- Additional product licenses may be required
Knowledge/Skills
- Enjoys working with people and solving problems
- Effective written and verbal communication skills
- Proficient in applicable software applications
- Knowledge of financial industry and investment products preferred
- Successful completion of Portfolio Management Coursework or holds the CFA designation
- Strong understanding of applicable compliance rules, regulations and firm policies
- Detail-oriented with superior organizational skills and ability to prioritize tasks
- Able to work independently and effectively on a team
- Ability and interest in working in a fast-paced, evolving environment
Reports to:
- Business Service Officer
Morgan Stanley
EOE committed to diversifying its workforce.
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