Description
Outsourced Chief Investment Office (7CIO8) group partners with Morgan Stanley Financial Advisors across all channels to offer full discretion portfolio management services to institutional and private clients (e.g., Defined Benefit plans, Endowments, Foundations, Ultra-High Net-Worth, Family Offices, etc.) of Morgan Stanley Wealth Management.
Responsibilities:
Build and manage client portfolios for OCIOs UHNW and Single Family Office clients
Including all asset allocation, manager selection, portfolio construction, risk management, and portfolio monitoring tasks
Educate clients on basic and leveraged gifting techniques employed in UHNW planning
Understand downstream implications of UHNW planning and how it affects holistic asset allocation and cash flow needs for clients
Experience with concentrated equity positions preferred
Engage with clients to perform client discovery, draft investment policy statements, provide quarterly reporting, and other tasks relevant to the OCIO space
Ensure the smooth functioning of administrative and operational activities, including those involving outside custodians and trading, reporting, and client cash flows
Partner with internal advisors / consultants and OCIOs business development team to win new clients and raise new assets
In collaboration with other subject matter experts; create commercial intellectual capital for use with clients and prospects to engage on topics related to the areas of expertise
Knowledge and skills:
6-8 years of investment-related experience serving individuals and families in a wealth management or investment consulting capacity.
A solid understanding and experience in tax, trust, and estate planning is highly desirable.
Experience in modeling UHNW planning, including advanced planning and tax management strategies.
Knowledge and experience in investment/wealth management platforms and vehicles, including managed account platforms, mutual funds, ETFs, separate accounts, and alternative investments.
Familiarity with global capital markets, with technical expertise across asset classes preferred.
Firm understanding of portfolio management concepts, including modern portfolio theory, asset allocation, portfolio construction, manager selection, risk management, and performance attribution.
Proficiency in Microsoft Office, including Excel and PowerPoint.
Strong organizational and project management skills.
Detail-oriented, with the ability to multitask and handle multiple priorities.
Exemplary verbal and written communication skills.
Proactive and hardworking, with strong professional accountability.
Qualifications:
Undergraduate degree is required
Graduate degree, CFA, CAIA and other professional designations are preferred
FINRA Series 7 and 66 is required after hiring (additional licensing may be required)
WHAT YOU CAN EXPECT FROM MORGAN STANLEY:
At Morgan Stanley, we raise, manage and allocate capital for our clients 6 helping them reach their goals. We do it in a way thats differentiated 6 and weve done that for 90 years. Our values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - arent just beliefs, they guide the decisions we make every day to do whats best for our clients, communities and more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, youll find an opportunity to work alongside the best and the brightest, in an environment where you are supported and empowered. Our teams are relentless collaborators and creative thinkers, fueled by their diverse backgrounds and experiences. We are proud to support our employees and their families at every point along their work-life journey, offering some of the most attractive and comprehensive employee benefits and perks in the industry. Theres also ample opportunity to move about the business for those who show passion and grit in their work.
To learn more about our offices across the globe, please copy and paste https://www.morganstanley.com/about-us/global-offices into your browser.
Expected base pay rates for the role will be between 115,000 and 205,000 per year at the commencement of employment.However, base pay if hired will be determined on an individualized basis and is only part of the total compensation package, which, depending on the position, may also include commission earnings, incentive compensation, discretionarybonuses, other short and long-term incentive packages, and other Morgan Stanley sponsored benefit programs.
