Private Wealth Management Investment Consultant - Portfolio Manager Specialist

Morgan Stanley • Beverly Hills, CA

2d • $68,000 - $120,000

About The Position

The Portfolio Manager Specialist is a senior-level position on a Financial Advisor/Private Wealth Advisor team. The role is responsible for developing, maintaining, and overseeing investment strategy and asset allocation for the team's clients within the firm's Portfolio Management program. The program is administered by the Portfolio Management Group, a subdivision of the Consulting Group.

The specialist supports Financial Advisors in analyzing client portfolios and developing investment solutions based on client objectives. The role includes making asset-allocation recommendations, setting up portfolios in the program, reviewing and rebalancing holdings, evaluating benchmarks, and overseeing relevant investment policies, procedures, reporting, and performance metrics using firm-approved resources. The specialist also leads investment-strategy discussions and participates in client prospecting and meetings.

This position does not sell, manage, or make recommendations for accounts outside the firm's Portfolio Management program, including other brokerage or managed-account programs.

Requirements

• College degree or professional certification required.
• Active Series 7, 63, and 65 licenses, or Series 7 and 66 licenses; alternatively, successful completion of the Series 7 and Series 66 exams within the timeframe provided by applicable company policy.
• Additional product licenses may be required.
• Knowledge of the financial industry and financial products.
• Effective written and verbal communication skills.
• Knowledge of applicable compliance rules and regulations and firm policies.

Nice To Haves

• 10 or more years of relevant work experience preferred.
• Minimum of 5 years of FINRA registration preferred.

Responsibilities

• Use the firm's Portfolio Management program to open investment advisory accounts and manage investment strategies on a discretionary basis.
• Support Financial Advisors in analyzing portfolios and developing advanced portfolio-management solutions and strategies based on clients' investment objectives.
• Lead meetings to discuss investment strategy options and performance.
• Participate in and drive client prospecting and meetings.
• Develop and oversee investment functions, including policies, procedures, reporting, and performance metrics using firm-approved resources.
• Develop asset-allocation models and implement investment strategies.
• Make asset-allocation recommendations and establish portfolios within the Portfolio Management program.
• Critically examine and rebalance current portfolio holdings when necessary.
• Review and recommend appropriate benchmarks for current asset allocations.

Benefits

• Comprehensive employee benefits and perks.
• Benefits and support for employees and their families throughout their work-life journey.
• Potential commission earnings, incentive compensation, discretionary bonuses, and other short- and long-term incentive packages, depending on the position.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior