Morgan Stanley
Portfolio &Trading Solutions - Tax Management, VP
Morgan Stanley, New York, New York, us, 10261
Portfolio & Trading Solutions – Tax Management, VP
Join to apply for the
Portfolio & Trading Solutions – Tax Management, VP
role at
Morgan Stanley
The Portfolio & Trading Solutions team provides investment products, portfolio management services, and customized managed solutions for Consulting Group advisory programs, including Select UMA - the industry-leading Unified Managed Accounts program with over $600 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.
Position Summary
The Tax Managed Select UMA Team manages an industry-leading $220B+, innovative investment service that is a more customized subset of the larger UMA business. The service offers a highly specialized tax-smart investment solution for clients with tax sensitivities. The team is responsible for executing on a spectrum of tax trading strategies designed to minimize realized capital gains and enhance after-tax returns.
A Portfolio Manager in the Tax Managed Select UMA team would be responsible for:
Managing trade generation in a tax-efficient way
Supporting the continued development and enhancement of our proprietary trading system, including creating strategy presentations and coordinating delivery of technology solutions with various internal stakeholders
Proactively engaging Financial Advisors, helping to identify business opportunities for growth and drivers of risk
Assisting Financial Advisors with asset allocation, appropriate investment selection, and portfolio construction
Presenting Tax Management solutions for specialized situations to Financial Advisors and clients
Providing continuous oversight for and performing risk management of the account base
Organizing, attending, coordinating meetings and conference calls with Financial Advisors in support of their Select UMA books or prospects
Participating in continuous education with respect to firm’s global investment advice, product research and industry trends
Qualifications
Bachelor's Degree required. B.S. in Accounting, Finance, or Business Management preferred
At least 7 years of professional experience, Financial Services in a wealth management/portfolio management capacity, preferred
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
Series 7 and 66 (or 63 and 65) designations a must
Former portfolio management experience with tax efficiency a plus
Proactive with flexibility to learn multiple business disciplines
What You Can Expect From Morgan Stanley We are committed to maintaining the first-class service and high standard of excellence that have defined Morgan Stanley for over 89 years. Our values — putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back — aren’t just beliefs, they guide the decisions we make every day to do what's best for our clients, communities and more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you’ll 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. There’s 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 $110,000 and $180,000 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.
Morgan Stanley's policy: equal employment opportunity without discrimination or harassment on the basis of race, color, religion, creed, age, sex, sex stereotype, gender, gender identity or expression, transgender, sexual orientation, national origin, citizenship, disability, marital and civil partnership/union status, pregnancy, veteran or military service status, genetic information, or any other characteristic protected by law. Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M/F/Disability/Vet).
Seniority level
Mid-Senior level
Employment type
Full-time
Job function
Accounting/Auditing and Finance
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Portfolio & Trading Solutions – Tax Management, VP
role at
Morgan Stanley
The Portfolio & Trading Solutions team provides investment products, portfolio management services, and customized managed solutions for Consulting Group advisory programs, including Select UMA - the industry-leading Unified Managed Accounts program with over $600 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.
Position Summary
The Tax Managed Select UMA Team manages an industry-leading $220B+, innovative investment service that is a more customized subset of the larger UMA business. The service offers a highly specialized tax-smart investment solution for clients with tax sensitivities. The team is responsible for executing on a spectrum of tax trading strategies designed to minimize realized capital gains and enhance after-tax returns.
A Portfolio Manager in the Tax Managed Select UMA team would be responsible for:
Managing trade generation in a tax-efficient way
Supporting the continued development and enhancement of our proprietary trading system, including creating strategy presentations and coordinating delivery of technology solutions with various internal stakeholders
Proactively engaging Financial Advisors, helping to identify business opportunities for growth and drivers of risk
Assisting Financial Advisors with asset allocation, appropriate investment selection, and portfolio construction
Presenting Tax Management solutions for specialized situations to Financial Advisors and clients
Providing continuous oversight for and performing risk management of the account base
Organizing, attending, coordinating meetings and conference calls with Financial Advisors in support of their Select UMA books or prospects
Participating in continuous education with respect to firm’s global investment advice, product research and industry trends
Qualifications
Bachelor's Degree required. B.S. in Accounting, Finance, or Business Management preferred
At least 7 years of professional experience, Financial Services in a wealth management/portfolio management capacity, preferred
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
Series 7 and 66 (or 63 and 65) designations a must
Former portfolio management experience with tax efficiency a plus
Proactive with flexibility to learn multiple business disciplines
What You Can Expect From Morgan Stanley We are committed to maintaining the first-class service and high standard of excellence that have defined Morgan Stanley for over 89 years. Our values — putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back — aren’t just beliefs, they guide the decisions we make every day to do what's best for our clients, communities and more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you’ll 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. There’s 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 $110,000 and $180,000 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.
Morgan Stanley's policy: equal employment opportunity without discrimination or harassment on the basis of race, color, religion, creed, age, sex, sex stereotype, gender, gender identity or expression, transgender, sexual orientation, national origin, citizenship, disability, marital and civil partnership/union status, pregnancy, veteran or military service status, genetic information, or any other characteristic protected by law. Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M/F/Disability/Vet).
Seniority level
Mid-Senior level
Employment type
Full-time
Job function
Accounting/Auditing and Finance
#J-18808-Ljbffr