Private Wealth Management Investment Consultant

Morgan Stanley • Morristown, NJ

1d

About The Position

The Investment Consultant - Wealth Planning Specialist is a senior level resource available to FA/PWA team that is responsible for the development, maintenance and oversight of financial plans for the team’s clients, in addition to specializing in the sale of annuities and insurance solutions to complement those financial plans.

Requirements

• College degree or professional certification required
• 10 or more years of relevant work experience
• CFP
• Insurance Licensed
• Wealth transfer / trust experience
• Active Series 7, 63 and 65 or Series 7 and 66, or successful completion of Series 7 and Series 66 exams within the time frame provided by applicable company policy
• Minimum of 5 years FINRA Registration preferred
• Extensive knowledge around Financial Planning, Annuities, and Insurance products
• Familiarity with Morgan Stanley Insurance, Annuities, and Financial Planning suite a plus
• Financial industry and product knowledge
• Excellent interpersonal, written, verbal, and communication skills
• Knowledge of applicable compliance rules and regulations and firm policies

Responsibilities

• Provide financial planning (including basic income replacement needs, supplemental retirement planning, estate and business planning, and wealth transfer planning) to all team clients and ensure that the plan is up to date by conducting a yearly review (as a minimum)
• Serve as liaison on behalf of the FA team in the purchase of Annuities and Insurance solutions
• Drive adoption of Goals-Based Wealth Management tools/ practices
• Lead meetings to discuss Insurance and Annuities investment strategies and options
• Critically examining and monitoring the client’s Annuities and Insurance holdings for ongoing suitability and making recommendations to upgrade or re-allocate holdings, where appropriate
• Assist clients with incorporating Insurance and Annuities solutions within their Financial Plans through case design support and asset/liability matching
• Maintain relationships with Retirement Solutions, Trust, and Planning Specialists as well as external partners to facilitate product implementation
• Serve as a source for connecting clients to other product/ service opportunities (i.e. making connections to banking solutions based on the needs identified through the Financial Plan)
• Manage client interaction by participating and driving client prospecting and meetings

Benefits

• 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 X Vacation Days annually)
• 10 Paid Holidays
• 401(k)
• Short/Long Term Disability

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Education Level: Associate degree