UMA Portfolio Manager

Morgan Stanley•New York, NY

18d

About The Position

The UMA Portfolio Manager is part of Morgan Stanley’s Portfolio Solutions team, which provides investment products, portfolio management services, and tax management solutions for Consulting Group advisory programs, including Select UMA. The team supports asset allocation, manager selection, account management, trading, and relationship management for Morgan Stanley Financial Advisors and their clients. The Portfolio Manager implements Investment Manager models and Financial Advisor trade instructions for UMA accounts, working directly with Investment Managers and Financial Advisor teams through the model delivery and trading process. The role includes understanding client allocation strategies, responding to questions, coordinating and executing trades, and managing accounts according to client guidelines and program specifications. It also provides customized portfolio services and support to Financial Advisors, sales directors, and support teams.

Requirements

Series 7 and 66 designations, or willingness to obtain them within 90 days of hire.
Bachelor’s degree in Accounting, Finance, or Business Management, or an equivalent degree with business-related coursework.
Knowledge of financial securities markets, advisory programs and products, and legal and regulatory requirements.
Ability to contribute individually while also working effectively as part of a team.
Ability to adapt to a continually changing work environment while managing multiple priorities.
Excellent verbal and written communication skills.

Responsibilities

Implement Investment Manager models based on client guidelines and program specifications, including asset allocation specifications.
Act as a liaison among Investment Managers, financial and Graystone advisors, and clients.
Provide portfolio and individual account analysis, portfolio construction, implementation, and daily management.
Manage and coordinate trade implementation and interact with the trading team.
Participate in developing solutions and enhancements that improve business efficiency and support growth.
Manage daily accounts based on client requests and program specifications, including rebalancing thresholds.
Provide customized services, including cash management, restriction management, custom asset allocation models, portfolio rebalancing, coordination of multiple accounts, and gradual portfolio transitions.
Provide Financial Advisors with information about Investment Managers, vehicle types, and individual products.
Assist Financial Advisors, Consulting Group Sales Directors, and the Consulting Group Sales Support Desk by communicating program details effectively and efficiently.
Execute trades in equity SMA portfolios, ETFs, and domestic mutual funds.
Serve as a point of contact for Financial Advisor and client service, including conference calls and portfolio reviews.