PWM Portfolio Management Associate

  • Competitive
  • New York, NY, USA
  • Permanent, Full time
  • Morgan Stanley USA
  • 18 Oct 18

PWM Portfolio Management Associate

POSITION SUMMARY:
The Portfolio Management Associate works with a Portfolio Manager(s) with at least $100 million in PM assets or more than 150 PM accounts with PM assets greater than $50 million to carry out the job responsibilities outlined below.

DUTIES and RESPONSIBILITIES:

  • Regularly meets with clients to discuss investment strategy options and perform market reviews with or on behalf of the Financial Advisor
  • Manages clients' estate, trust, retirement and insurance objectives with the Financial Advisor
  • Develops marketing and seminar material and helps distribute targeted presentations to clients on behalf of the Financial Advisor
  • Screens new client prospects that are developed through leads and referrals to determine suitability for addition to group
  • Makes asset allocation recommendations to the group and sets up the portfolio in conjunction with the Financial Advisor
  • Critically examines current holdings to evaluate if portfolio action is warranted
  • Proactively evaluates and upgrades platforms for the Portfolio Management Group and maintains all hardware; implements decisions by using the LYDIA trading platform
  • Determines scope of and performs necessary database and internet research and screening and produces monthly or quarterly reports using proprietary software
  • Attends research meetings
  • Complies with all industry rules and regulations and Firm policies


Qualifications:

EDUCATION, EXPERIENCE, KNOWLEDGE, and SKILLS:
Education and/or Experience
  • Minimum of 5 years of post-high school education and/or work experience in a field relevant to the position required
  • Four-year college degree or professional certification preferred
  • Active Series 7, 63 and 65 or Series 7 and 66
  • Additional product licenses may be required

Knowledge/Skills
  • Proficient in applicable software applications
  • Financial industry and product knowledge
  • Successful completion of Portfolio Management Coursework or holds the CFA designation.)
  • Ability to interact and communicate effectively with colleagues and clients
  • Excellent written and verbal communication skills

Reports To:
  • Business Service Manager with potential dotted line to the Group Director