Private Wealth Management Portfolio Management Associate Director - Pasadena California

Company: Morgan Stanley & Co.
Location: Pasadena, California
Posted On: 11/20/2024

POSITION SUMMARY: The Portfolio Management (PM) Associate Director is a vital part of the Wealth Management team who assists Financial Advisors / Private Wealth Advisors with the development and execution of investment strategies based on client goals. The Portfolio Management Associate Director works with the Financial Advisor / Private Wealth Advisor to create customized investment plans for clients, creates reporting on investment activity and performance, and communicates effectively with clients regarding their accounts, market conditions, and economic trends. This role requires an in-depth understanding of market conditions, trends, and economic trends. DUTIES and RESPONSIBILITIES: Portfolio Management & Business Development:

• Makes asset allocation recommendations to the team and sets up the portfolio in conjunction with the Financial Advisor / Private Wealth Advisor.
• Critically examines current holdings to evaluate if portfolio action is warranted.
• Proactively evaluates and upgrades platforms for the Portfolio Management Group.
• Implements decisions by using PM trading platforms or other Firm's online technologies to input trades.
• Determines scope of and performs necessary database and internet research, screenings, and produces monthly or quarterly reports using proprietary software.
• Leads research meetings.
• Identifies swap opportunities.
• Conducts credit research and develops valuation models. Client Support:
  • Supports Financial Advisors / Private Wealth Advisors in analyzing portfolios and developing advanced PM solutions and strategies for clients.
  • Manages clients' estate, trust, retirement, and insurance objectives with the Financial Advisor / Private Wealth Advisor.
  • Screens new client prospects that are developed through leads and referrals to determine suitability for addition to group.
  • Develops marketing and seminar materials and helps distribute targeted presentations to clients on behalf of the Financial Advisor / Private Wealth Advisor.
  • Supports Financial Advisor / Private Wealth Advisor in meetings to discuss investment strategy options and performs market reviews. EDUCATION, EXPERIENCE, KNOWLEDGE, and SKILLS: Education and/or Experience
    • 10+ years of experience in a field relevant to the position required.
    • Advanced degree or professional certification or prior industry experience required.
    • Active Series 7 (GS) and Series 66 (AG/RA) or Series 63 (AG) and Series 65 (RA).
    • Additional product licenses may be required.
    • Strong compliance record. Knowledge/Skills
      • Enjoys working with people and solving problems.
      • Effective written and verbal communication skills.
      • Proficient in applicable software applications.
      • Strong understanding of applicable compliance rules, regulations, and firm policies.
      • Knowledge of financial industry and investment products preferred.
      • Successful completion of the Portfolio Management Coursework or holds the CFA designation.
      • Detail-oriented with superior organizational skills and ability to prioritize tasks.
      • Able to work independently and effectively on a team.
      • Ability and interest in working in a fast-paced, evolving environment. Reports to:
        • Complex Business Service Officer and/or Business Service Officer.
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