Wealth Management Associate
About the role
Wealth Management Associates provide exceptional service to clients and support Financial Advisor(s) (FAs)/Private Wealth Advisor(s) (PWAs)/teams on a daily basis. As senior members of the service team, through regular interactions with clients, individuals in this role build trusted relationships. Leading with a client-first mindset, a successful candidate will have strong interpersonal skills and focus on delivering an exceptional client experience. In supporting FAs/PWAs/teams, this role focuses on assisting in areas such as digital marketing, portfolio holdings and/or proposal tools, and financial planning.
Responsibilities
Client Support
- Cultivate relationships with business partners and colleagues internally and externally
- Support the FA/PWA/team in enhancing new and existing client relationships by providing an exceptional client experience
- Assist the FA/PWA/team in delivering against their client service model, including preparing for regular meetings and tracking follow-ups
- Ensure all client service functions are performed in a timely manner, assigning work to team members on a daily basis if/as needed
- Provide backup coverage for traditional registered or unregistered Client Service Associate responsibilities at the request of the client and/or FA/PWA/team, such as executing money movement transactions, answering general non-investment related questions concerning client accounts, educating or enrolling clients in digital tools (e.g., MS Online), accepting or entering unsolicited orders and/or entering solicited orders in a clerical capacity
- Remain current on all policies, procedures and new platforms and share reminders and best practices with other service team members
Business Development & Operational Support
- Assist the FA/PWA/team in organizing around and executing against their business plan, partnering closely with other market stakeholders such as Practice Strategy Consultants and Branch Management
- At the direction of FA/PWA/team, execute against all administrative elements of digital and in-person marketing strategies including conferences and seminars or webinars, websites, social media and regular email connectivity
- At the request of the client and/or FA/PWA/team, prepare and review various client reports or financial plans from firm-approved systems for existing or prospective clients
- At the request of the client and/or FA/PWA/team, assist with research using firm-approved systems
- At the request of FA/PWA/team, participate in existing client and/or prospective client meetings, representing the service lens
- Participate in firm initiatives (e.g., training or education programs), special projects and/or other duties directed by local management
Qualifications
Education and/or Experience
- Strong leadership skills
- Knowledge of financial services products, including but not limited to equities, bonds, options, mutual funds, annuities, insurance, and managed accounts
- Technically proficient and quick learner of new and updated platforms
- Detail oriented with superior organizational skills and ability to prioritize
- Expert knowledge of basic personal computer, MS Office (particularly MS Excel) and internet applications
- Exceptional writing, interpersonal and client service skills
- Strong time management skills
- Team player with the ability to collaborate with others
- Ability to work in a fast-paced, evolving environment
- Adaptable and ability to multi-task
- Goal oriented, self-motivated and results driven
Reports to Business Service Officer.
Pay
Salary range for the position: $33,113 and $90,000 per year. The successful candidate may be eligible for an annual discretionary incentive compensation award and may be eligible to participate in the relevant business unit's incentive compensation plan, which also may include a discretionary bonus component.
Benefits
- Medical, Prescription Drug, Dental, Vision
- Health Savings Account
- Dependent Day Care Savings Account
- Life Insurance, Disability and Other Insurance Plans
- Paid Time Off (including Sick Leave consistent with state and local law, Parental Leave and X Vacation Days annually)
- 10 Paid Holidays
- 401(k)
- Short/Long Term Disability
- Other special perks reserved for employees
Visit mybenefits.morganstanley.com to learn more about benefit offerings.