Private Wealth Management Associate

Role overview

The Private Wealth Management Associate supports Financial Advisors, Private Wealth Advisors, and their teams by delivering high-touch client service and helping keep day-to-day operations running smoothly. This role is centered on building trusted client relationships, working with a client-first mindset, and contributing to an excellent overall client experience.

In addition to service responsibilities, the associate helps with business development activities such as digital marketing support, proposal tools, portfolio holdings, and financial planning tasks. The position also involves collaborating closely with internal stakeholders and handling a variety of administrative and client-facing duties.

Client service responsibilities

• Act as a senior service-team member and provide support coverage for an FA, PWA, or team.
• Build and maintain productive relationships with internal and external partners.
• Help strengthen both new and existing client relationships through a consistently strong service experience.
• Support preparation for client meetings and track follow-up items after meetings.
• Make sure service tasks are completed promptly and, when needed, assign daily work across the team.
• Step in for registered or unregistered client service duties as requested, including money movement, responding to non-investment account questions, guiding clients on digital tools such as MS Online, and entering orders in a clerical capacity when required.
• Stay up to date on policies, procedures, and new platform updates, and share practical reminders and best practices with teammates.

Business development support

• Help the FA/PWA/team organize and execute the business plan while coordinating with market partners such as Practice Strategy Consultants and Branch Management.
• Carry out administrative work connected to digital and in-person marketing efforts, including conferences, seminars, webinars, websites, social media, and email outreach.
• Prepare and review client reports or financial plans using firm-approved systems for current or prospective clients.
• Support research activities using approved internal tools and systems.
• Attend selected client and prospect meetings to represent the service perspective when requested.
• Take part in firm initiatives, training programs, special projects, and other duties assigned by local management.

Experience, licensing, and skills

The role requires at least five years of relevant work experience. A four-year college degree or a professional certification is preferred. Active Series 7, plus either Series 66 or the combination of Series 63 and Series 65, is required. Additional product licenses may also be needed.

The ideal candidate brings strong leadership ability, deep familiarity with financial services products, and comfort working with equities, bonds, options, mutual funds, annuities, insurance, and managed accounts. The job also calls for strong technical fluency, fast learning, excellent organization, sharp attention to detail, and the ability to prioritize in a busy environment. Strong writing, interpersonal, and client service skills are essential, along with solid time management, teamwork, adaptability, multitasking ability, and a self-driven, goal-oriented approach.

Reporting line

This role reports to the Business Service Officer.

Compensation and benefits

The expected base salary range at the start of employment is $75,000 to $125,000 per year. Actual compensation will be determined individually and may also include commission, incentive pay, discretionary bonuses, and short- or long-term incentive arrangements, along with Morgan Stanley benefit programs.

Morgan Stanley notes that it offers a broad employee benefits and perks package and provides opportunities for internal mobility across the business for employees who demonstrate initiative and determination.

Equal opportunity

Morgan Stanley is committed to equal employment opportunity and to maintaining a workplace that values diversity of experience and background. Hiring, development, and advancement are based on skills and talent.

Additional information

The role is based in New York, NY and is a full-time onsite position.

Morgan Stanley describes its mission as raising, managing, and allocating capital to help clients reach their goals. The firm emphasizes its long-standing history, client-first values, collaboration, innovation, diversity and inclusion, and community contribution across its global offices.