Wealth Management Associate



Job Number: 3234297
POSTING DATE: Mar 28, 2023
PRIMARY LOCATION: Americas-United States of America-New York-Hauppauge
EDUCATION LEVEL: High School Diploma/GED
JOB: Wealth Management
EMPLOYMENT TYPE: Full Time
JOB LEVEL: Associate Vice President


DESCRIPTION

POSITION SUMMARY:
The Wealth Management Associate is often the first point of contact with clients on a broad array of services related to account servicing, financial plans and investment portfolios. Under the direction of the Financial Advisor / Private Wealth Advisor, this industry professional combines relationship management with marketing skills, and product knowledge to cultivate longstanding relationships with clients. This self-starter must be able to work across the team and across the firm to respond quickly and accurately to client questions and concerns. The Wealth Management Associate is an integral member of the advisory team and is responsible for delivering a consistent, positive client experience to help ensure all commitments are completed and delivered in a timely manner.


DUTIES and RESPONSIBILITIES:
Client Support:

• 
  Establishes and cultivates trusting relationships with new and existing clients, proactively helping them understand their investments and planning strategies, often with guidance and input from team members
  Assists Financial Advisors / Private Wealth Advisors in the development and delivery of financial and investment strategies that aim to address each client\xe2\x80\x99s specific goals and concerns
  Leads a team-wide effort to organize, streamline and enhance a client experience that emphasizes value, service and attention to detail
  Thoroughly understands and utilizes the firm\xe2\x80\x99s financial planning tools to analyze complex financial information and lead presentations in partnership with the Financial Advisors / Private Wealth Advisors
  Prepares performance reports and other data for clients that may involve evaluating account performance, analyzing investment portfolio holdings and generating quarterly investment performance monitors
  Provides ongoing support in educating clients about specific products and services offered at the firm
  Develops presentation materials and proposals to assist Financial Advisors in cultivating new business opportunities
  May participate in or conduct client meetings with or on behalf of the Financial Advisors / Private Wealth Advisors
  Works with clients on the execution of orders in Brokerage and Advisory accounts
  Assists clients with market and stock research
  Designs and produces strategy reports and other types of communications for Financial Advisor / Private Wealth Advisor to use with clients and prospects as part of the overall marketing initiative
  Conducts quarterly/annual business performance reviews in partnership with the Financial Advisor / Private Wealth Advisor
  Manages events, webinars and seminars by organizing, marketing and setting up the venue in collaboration with the Financial Advisor / Private Wealth Advisor

Business Development & Operational Support:

• 
  Develops customized presentation materials and manages performance measurements on existing accounts to market and attract new clients
  Collaborates with the Financial Advisor / Private Wealth Advisor to develop an overall business plan and marketing strategy that may include targeted events and customized seminars
  Develops, implements and communicates enhanced service protocols and new procedures, products and portfolio enhancements to existing clients
  Identifies and implements practice management opportunities by interfacing with various departments across the firm
  Coordinates enrollment campaigns/meetings for existing clients
  Assigns work to team\xe2\x80\x99s Client Service Associate as appropriate
  Cultivates and develops relationships with business partners internally and externally
  Provides tailored recommendations to the Financial Advisor / Private Wealth Advisor about specific client situations and opportunities to consider
  Proactively participates in firm initiatives directed by local management

QUALIFICATIONS

EDUCATION, EXPERIENCE, KNOWLEDGE, and SKILLS:

Education and/or Experience

• 
  5+ years of work experience in a field relevant to the position required
  Four-year college degree or professional certification preferred
  Active Series 7 (GS), and Series 66 (AG/RA) or Series 63 (AG) and Series 65 (RA)
  Additional product licenses may be required

Knowledge/Skills

• 
  Enjoys working with people and problem solving
  Effective written and verbal communication skills
  Knowledge of financial industry and investment products preferred
  Strong understanding of applicable compliance rules, regulations and firm policies
  Able to work independently and effectively on a team
  Demonstrates leadership skills
  Strong computer skills, including knowledge of Microsoft Office (Word, Excel and PowerPoint)
  Detail-oriented with superior organizational skills and ability to prioritize tasks \xe2\x80\xa2 Ability and interest in working in a fast-paced, evolving environment
  Ability and interest in working in a fast-paced, evolving environment

REPORTS TO:

• 
  Business Service Officer

Morgan Stanley\'s goal is to build and maintain a workforce that is diverse in experience and background but uniform in reflecting our standards of integrity and excellence. Consequently, our recruiting efforts reflect our desire to attract and retain the best and brightest from all talent pools. We want to be the first choice for prospective employees.
It is the policy of the Firm to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, religion, creed, age, sex, sex stereotype, gender, gender identity or expression, transgender, sexual orientation, national origin, citizenship, disability, marital and civil partnership/union status, pregnancy, veteran or military service status, genetic information, or any other characteristic protected by law.
Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M/F/Disability/Vet).