PWM Team Associate

Morgan Stanley•Boston, MA

6d•Onsite

About The Position

Morgan Stanley’s Private Wealth Management (PWM) Division focuses on the ultra-high net worth (UHNW) client segment. For over 40 years, PWM has served the needs of affluent individuals, families and their foundations. By providing advice founded on a culture of excellence and driven by global insight, PWM is devoted to helping clients preserve and grow their financial, generational and social capital. As such, UHNW clients need Private Wealth Advisors (PWAs) with deep training and knowledge. Morgan Stanley’s Private Wealth Management Team Associate Program is an apprenticeship-style program designed to identify and prepare qualified candidates for participation in our three-year Private Wealth Advisor Associate (PWAA) program. Throughout two, one-year rotations on Private Wealth teams, Team Associates will have the opportunity to shadow their senior Advisor(s), engaging in client-facing meetings, calls, projects and analyses to learn about the advisory role and responsibilities first-hand. Team Associates will begin to adopt a proprietary mindset and leverage their prior experience in delivering value for both the team and clients, with the goal being selection by a team for sponsorship in the PWAA program.

Requirements

Bachelor’s degree
Two-years of prior relevant experience
SIE, Series 7, Series 66 (or 63 and 65), or successful completion of Series 7 and Series 66 exams
Strong familiarity with financial services / wealth management industry
Excellent listening, communication (both verbal and written), analytical and problem-solving skills – Individual will have extensive interaction with clients and Advisors
Integrity – Dedication to doing the right thing and putting the client’s needs first
Collaboration and leadership skills – A demonstrated commitment to both partnership and teamwork
Self-confidence – Initiative to proactively address Advisor and client situations as they arise
Exceptional interpersonal skills – Ability to connect and readily build trust with both teammates and clients
Time management – Ability to prioritize efficiently and deliver high quality work under pressure

Responsibilities

Shadow PWA team member(s) to develop an understanding of the advisory role and responsibilities
Work on client-facing projects and analyses
Attend client meetings and calls
Prepare and present materials for client meetings
Perform client portfolio analyses and market research to generate recommendations
Analyze performance and generate recommendations
Develop client acquisition strategies and processes
Leverage prior experience in delivering value to both team and clients
Stay abreast of Firm initiatives and become a team expert
Adopt a proprietary mindset and collaborate with PWA in learning best practices