Portfolio Management Associate

Morgan Stanley•Boston, MA

22h•$92,500 - $110,000

About The Position

The Portfolio Management (PM) Associate Director is a vital part of the Wealth Management team who assists Financial Advisors / Private Wealth Advisors with the development and execution investment strategies based on client goals. The Portfolio Management Associate Director works with the Financial Advisor / Private Wealth Advisor to create customized investment plans for clients, creates reporting on investment activity and performance and communicates effectively with clients regarding their accounts, market conditions and economic trends. This role requires an in-depth understanding of market conditions, trends, and economic trends.

Requirements

10+ years of experience in a field relevant to the position required
Advanced degree or professional certification or prior industry experience required
Active Series 7 (GS) and Series 66 (AG/RA) or Series 63 (AG) and Series 65 (RA)
Additional product licenses may be required
Strong compliance record
Proficient in applicable software applications
Strong understanding of applicable compliance rules, regulations and firm policies
Successful completion of the Portfolio Management Coursework or holds the CFA designation
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

Nice To Haves

Knowledge of financial industry and investment products preferred

Responsibilities

Makes asset allocation recommendations to the team and sets up the portfolio in conjunction with the Financial Advisor / Private Wealth Advisor
Critically examines current holdings to evaluate if portfolio action is warranted
Proactively evaluates and upgrades platforms for the Portfolio Management Group
Implements decisions by using PM trading platforms or other Firm’s online technologies to input trades
Determines scope of and performs necessary database and internet research, screenings and produces monthly or quarterly reports using proprietary software
Leads research meetings
Identifies swap opportunities
Conducts credit research and develops valuation models
Supports Financial Advisors / Private Wealth Advisors in analyzing portfolios and developing advanced PM solutions and strategies for clients
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 materials and helps distribute targeted presentations to clients on behalf of the Financial Advisor / Private Wealth Advisor
Supports Financial Advisor / Private Wealth Advisor in meetings to discuss investment strategy options and performs market reviews