Portfolio Manager – Tax Management

  • Competitive
  • New York, NY, USA
  • Permanent, Full time
  • Morgan Stanley USA
  • 16 Feb 19

Portfolio Manager – Tax Management

The Portfolio Solutions team provides investment products, portfolio management services, and Tax Management solutions for Consulting Group advisory programs, including Select UMA - the industry-leading Unified Managed Accounts program with over $250 Billion in assets under management. The team offers a comprehensive, unified approach to asset allocation, manager selection, account management, trading, and overall relationship management to Morgan Stanley's Financial Advisors and their clients. Position Summary The Tax Managed Select UMA Team manages a $30B+, innovative investment service that is a more customized subset of the larger UMA business. The service offers a highly specialized tax-aware investment solution for clients with tax sensitivities. The team is responsible for executing on a spectrum of Tax Overlay strategies designed to minimize realized capital gains and enhance after-tax returns. A Portfolio Manager in the Tax Managed Select UMA team would be responsible for: - Assisting Financial Advisors with asset allocation and manager selection - Presenting Tax Management solutions for specialized situations to Financial Advisors and clients - Managing trade implementation in a tax-efficient way - Providing continuous oversight for and performing risk management of the account base - Organizing, attending, coordinating meetings and conference calls with Financial Advisors in support of their Select UMA books or prospects - Participating in developing solutions and enhancements that drive business efficiencies and propel growth - Participating in continuous education with respect to firm's global investment advice, product research and industry trends

Qualifications:

Qualifications: - Equivalent to Bachelor's degree with business related coursework. B.S. in Accounting, Finance, or Business Management preferred - Knowledge of financial securities markets, Advisory programs and products, as well as legal and regulatory requirements - Ability to deliver as an individual contributor while being a strong team player - Ability to adapt to a continually changing work environment while managing multiple priorities - Excellent communication skills in both verbal and written forms - Series 7 and 66 (alternatively, both 63 and 65) designations a must - Former portfolio management experience with tax efficiency a huge plus