Wealth Management Associate

Morgan Stanley • Purchase, NY

1d • $33,360 - $90,000

About The Position

Wealth Management Associates provide exceptional client service and daily support to Financial Advisors (FAs), Private Wealth Advisors (PWAs), and their teams. As senior members of service teams, they build trusted relationships through regular client interactions and a client-first approach. The role supports areas such as digital marketing, portfolio holdings and proposal tools, and financial planning.

The associate provides client-service coverage, helps strengthen client relationships, supports the team’s service model, and ensures client-service work is completed promptly. The role also supports business development by helping execute business plans and marketing strategies, preparing client reports or financial plans using firm-approved systems, conducting research, and participating in client or prospective-client meetings. Associates may also take part in firm initiatives and special projects.

The position reports to a Business Service Officer. Expected base pay is $33,360–$90,000 per year at the commencement of employment. Actual base pay is determined individually. Total compensation may also include commissions, incentive compensation, discretionary bonuses, other short- and long-term incentives, and Morgan Stanley-sponsored benefit programs.

Requirements

• At least 5 years of work experience in a field relevant to the position.
• Active Series 7 (GS) and Series 66 (AG/RA), or Series 63 (AG) and Series 65 (RA).
• Additional product licenses may be required.
• Strong leadership skills.
• Knowledge of financial-services products, including equities, bonds, options, mutual funds, annuities, insurance, and managed accounts.
• Technical proficiency and ability to learn new and updated platforms quickly.
• Attention to detail, superior organizational skills, and ability to prioritize.
• Expert knowledge of basic personal computers, MS Office—particularly MS Excel—and internet applications.
• Exceptional writing, interpersonal, and client-service skills.
• Strong time-management skills.
• Ability to collaborate and work as part of a team.
• Ability to work in a fast-paced, evolving environment; adaptability and ability to multitask.
• Goal-oriented, self-motivated, and results-driven.

Nice To Haves

• Four-year college degree or professional certification preferred.

Responsibilities

• Cultivate relationships with internal and external business partners and colleagues.
• Support the FA/PWA/team in enhancing new and existing client relationships and delivering an exceptional client experience.
• Help deliver the team’s client-service model, including preparing for regular meetings and tracking follow-ups.
• Ensure client-service functions are completed in a timely manner and assign work to team members as needed.
• Provide backup for traditional registered or unregistered Client Service Associate responsibilities when requested, including money movement transactions, answering general non-investment account questions, educating or enrolling clients in digital tools, and accepting or entering unsolicited orders or entering solicited orders in a clerical capacity.
• Stay current on policies, procedures, and platforms, and share reminders and best practices with other service team members.
• Help the FA/PWA/team organize and execute its business plan, collaborating with market stakeholders such as Practice Strategy Consultants and Branch Management.
• Execute administrative elements of digital and in-person marketing strategies as directed, including conferences, seminars, webinars, websites, social media, and regular email connectivity.
• Prepare and review client reports or financial plans for existing or prospective clients using firm-approved systems, when requested.
• Assist with research using firm-approved systems, when requested.
• Participate in existing-client or prospective-client meetings at the direction of the FA/PWA/team, representing the service perspective.
• Participate in firm initiatives, training or education programs, special projects, and other duties directed by local management.

Benefits

• Morgan Stanley-sponsored benefit programs; the posting describes these as comprehensive employee benefits and perks but does not specify individual benefits.
• Total compensation may include commission earnings, incentive compensation, discretionary bonuses, and other short- and long-term incentive packages.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: No Education Listed