Private Wealth Management Investment Consultant - Portfolio Manager Specialist

Morgan Stanley • Beverly Hills, CA

23h

About The Position

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

The specialist opens investment advisory accounts through the program and manages investment strategies on a discretionary basis. The role supports Financial Advisors with portfolio analysis and advanced portfolio management solutions, leads discussions about investment strategies and performance, and participates in client prospecting and meetings. It also oversees investment functions, develops asset allocation models, recommends and implements strategies, rebalances holdings when appropriate, and recommends suitable benchmarks.

This role does not sell, manage, or provide 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 Series 7 and Series 66 exams within the timeframe set by applicable company policy.
• 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.
• A minimum of 5 years of FINRA registration preferred.
• Additional product licenses may be required.

Responsibilities

• Open investment advisory accounts through the firm’s Portfolio Management program and manage investment strategies on a discretionary basis.
• Support Financial Advisors in analyzing portfolios and developing advanced portfolio management solutions and strategies based on client 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 set up portfolios within the Portfolio Management program.
• Critically examine and rebalance current portfolio holdings when necessary.
• Review and recommend appropriate benchmarks for current asset allocations.
• Do not sell, manage, or provide recommendations for accounts outside the firm’s Portfolio Management program.

Benefits

• Morgan Stanley-sponsored employee benefits and perks; specific benefits are not listed.
• Compensation may include 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