Portfolio Management Associate - Chicago, United States - Morgan Stanley

Morgan Stanley

Verified Company

Chicago, United States

1 week ago

Posted by:

Mark Lane

beBee recruiter

Description

Portfolio Management Associate**Job Number:3252037

POSTING DATE:
May 7, 2024

PRIMARY LOCATION:
Americas-United States of America-Illinois-Chicago

JOB:
Wealth Management

EMPLOYMENT TYPE:
Full Time

JOB LEVEL:
Professional

DESCRIPTION
-:

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 AdvisorQUALIFICATIONS
EDUCATION, EXPERIENCE, KNOWLEDGE, and SKILLS:

Education and/or Experience

2+ years of experience in a field relevant to the position required
Fouryear 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
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
Detailoriented 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 fastpaced, evolving environment

Reports to:

Business Service Officer
Morgan Stanley's goal is to build and maintain a workforce that is diverse in experience and background but uniform in reflecting our standards of integrity and excellence. Consequently, our recruiting efforts reflect our desire to attract and retain the best and brightest from all talent pools. We want to be the first choice for prospective employees.
Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M/F/Disability/Vet).