Portfolio Solutions TeamThe Portfolio Solutions team provides investment products, portfolio management services, and Tax Management solutions for Consulting Group advisory programs, including Select UMA - the industry-leading Unified Managed Accounts program with over $800 Billion in assets under management. The team offers a comprehensive, unified approach to asset allocation, manager selection, account management, trading, and overall relationship management to Morgan Stanley's Financial Advisors and their clients.
Portfolio Management Position SummaryThe primary role of the UMA Portfolio Manager is to implement Investment Managers and Financial Advisors trade instructions for the UMA program. PMs work directly with the Investment Managers and Financial Advisors teams throughout the model delivery and trading process. (e.g., understanding Financial Advisor's client allocation strategies, answering questions for Financial Advisors and their support staff, allocating and execution trades for UMA client accounts).
Key Responsibilities: - Implement Investment Manager models based on client's guidelines and program specifications (e.g., asset allocation specifications)
- Interact as a liaison between Investment Managers, financial and Graystone advisors and clients
- Provide portfolio and individual account analysis, portfolio construction, implementation and daily management
- Manage and coordinate trade implementation and interact with trading team
- Participating in developing solutions and enhancements that drive business efficiencies and propel growth
- Daily account management based on client requests and program specifications (e.g., rebalancing thresholds)
- Provide customized services that include cash management, restriction management, custom asset allocation models, portfolio rebalancing, multiple-accounts coordination and gradual portfolio transitions.
- Service Financial Advisors by providing information about Investment Managers, vehicle types and individual products
- Provide assistance to Financial Advisors, Consulting Group Sales Directors and Consulting Group Sales Support Desk by communicating program details effectively and efficiently
Trade Execution- Equity SMA portfolios
- ETFs
- Domestic Mutual Funds
FA/Client Service- One Point of Contact
- FA and Client Conference Calls
- Portfolio Reviews
Requirements- Series 7 and 66 designations required or the willingness to obtain within 90 days of hire
- Bachelor's in Accounting, Finance, or Business Management required or Equivalent degree with business related coursework.
- Knowledge of financial securities markets, advisory programs and products, as well as legal and regulatory requirements
- Ability to deliver as an individual contributor while being a strong team player
- Ability to adapt to a continually changing work environment while managing multiple priorities
- Excellent communication skills in both verbal and written forms
Expected base pay rates for the role will be between $70,000 and $115,000 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, discretionary bonuses, other short and long-term incentive packages, and other Morgan Stanley sponsored benefit programs.
