Investment Consultant - Team COO **
- Full Time, onsite
- Morgan Stanley
- New York, United States of America
Salary undisclosed
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Position Summary
The Team COO is a senior level position that serves as a lead coordinator for a Financial Advisor / Private Wealth Advisor Team. As part of the sales organization, this role oversees and orchestrates all business operations and execution for the team. The Team COO will be responsible for enhancing team capacity, managing the client service model, ensuring the execution of new business initiatives and marketing, implementing client investment strategies, and monitoring FA / PWA team compensation.
DUTIES And RESPONSIBILITIES
Oversee team’s Support Professionals to ensure alignment on team priorities and business goals
Serve as a coordinator for business matters related to the team, ensuring that they are directed to the appropriate contact, addressed properly, efficiently and judiciously, and track progress until resolved
Coordinate and guide strategic business initiatives to achieve desired results, including tracking the acquisition of assets, growth, and performance of FA/PWA/team
Organize and prioritize critical issues and required information for Advisors to facilitate efficient decision making
Support the FA/PWA/team in enhancing new and existing client relationships through an exceptional client experience
Proactively assess client needs to determine the proper course of action and delegate to the appropriate individual on the team to manage
Manage team client communications strategy
Work in conjunction with local Management to oversee such team responsibilities as interviewing candidates for hire, training team members and offering input on staff performance
Evaluate and implement new services offered by the firm to determine how to integrate them into current service offering
Closely coordinate with analysts and FA / PWAs to oversee client investment functions, including but not limited to the oversight of policies, procedures, reporting and performance metrics via firm approved resources
Lead client onboarding including implementing the appropriate investment strategy and determining the correct client placement within the FA / PWA team
Monitor elements of team compensation including support staff salaries and funding
Maintain and develop client relationships by developing strategies to meet their financial goals through financial planning and wealth management
Advise clients in accordance with the team’s agreed upon strategy
Analyze investment opportunities and client needs, and recommend appropriate strategies
Prepare and deliver presentations/seminars to clients and prospects for business development purposes, as needed
Education and/or Experience
Minimum of bachelor’s degree or comparable professional certification required
10 Or More Years Of Relevant Work Experience Preferred
Active Series 7, 63 and must maintain investment adviser representative (RA) registration, where required, in their place of business state and any other state(s) where the individual maintains a physical place of business. Additional product licenses may be required
o
Product and state licenses in parallel to Financial Advisors on the Team, required
Knowledge/Skills
Financial industry and product knowledge
Excellent written and verbal communication skills
Knowledge of applicable compliance rules and regulations and firm policies
Ability to interact and communicate effectively with colleagues and clients
Reports To
Evidence of strong leadership skills or previous supervisory experience
Branch Manager or Associate Market Manager
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 85 years. At our foundation are five core values — putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back — that guide our more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you’ll find trusted colleagues, committed mentors and a culture that values diverse perspectives, individual intellect and cross-collaboration. We Firm is differentiated by the caliber of our diverse team. While our company culture and commitment to inclusion define our legacy and shape our future, helping to strengthen our business and bring value to clients around the world. Learn more about how we put this commitment to action: morganstanley.com/diversity. 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.
We're committed to bringing passion and customer focus to the business.
Expected base pay rates for the role will be between $50,000 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.
Morgan Stanley's goal is to build and maintain a workforce that is diverse in experience and background but uniform in reflecting our standards of integrity and excellence. Consequently, our recruiting efforts reflect our desire to attract and retain the best and brightest from all talent pools. We want to be the first choice for prospective employees.
It is the policy of the Firm to ensure 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).
Morgan Stanley's goal is to build and maintain a workforce that is diverse in experience and background but uniform in reflecting our standards of integrity and excellence. Consequently, our recruiting efforts reflect our desire to attract and retain the best and brightest from all talent pools. We want to be the first choice for prospective employees.
It is the policy of the Firm to ensure 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).
The Team COO is a senior level position that serves as a lead coordinator for a Financial Advisor / Private Wealth Advisor Team. As part of the sales organization, this role oversees and orchestrates all business operations and execution for the team. The Team COO will be responsible for enhancing team capacity, managing the client service model, ensuring the execution of new business initiatives and marketing, implementing client investment strategies, and monitoring FA / PWA team compensation.
DUTIES And RESPONSIBILITIES
Oversee team’s Support Professionals to ensure alignment on team priorities and business goals
Serve as a coordinator for business matters related to the team, ensuring that they are directed to the appropriate contact, addressed properly, efficiently and judiciously, and track progress until resolved
Coordinate and guide strategic business initiatives to achieve desired results, including tracking the acquisition of assets, growth, and performance of FA/PWA/team
Organize and prioritize critical issues and required information for Advisors to facilitate efficient decision making
Support the FA/PWA/team in enhancing new and existing client relationships through an exceptional client experience
Proactively assess client needs to determine the proper course of action and delegate to the appropriate individual on the team to manage
Manage team client communications strategy
Work in conjunction with local Management to oversee such team responsibilities as interviewing candidates for hire, training team members and offering input on staff performance
Evaluate and implement new services offered by the firm to determine how to integrate them into current service offering
Closely coordinate with analysts and FA / PWAs to oversee client investment functions, including but not limited to the oversight of policies, procedures, reporting and performance metrics via firm approved resources
Lead client onboarding including implementing the appropriate investment strategy and determining the correct client placement within the FA / PWA team
Monitor elements of team compensation including support staff salaries and funding
Maintain and develop client relationships by developing strategies to meet their financial goals through financial planning and wealth management
Advise clients in accordance with the team’s agreed upon strategy
Analyze investment opportunities and client needs, and recommend appropriate strategies
Prepare and deliver presentations/seminars to clients and prospects for business development purposes, as needed
Education and/or Experience
Minimum of bachelor’s degree or comparable professional certification required
10 Or More Years Of Relevant Work Experience Preferred
Active Series 7, 63 and must maintain investment adviser representative (RA) registration, where required, in their place of business state and any other state(s) where the individual maintains a physical place of business. Additional product licenses may be required
o
Product and state licenses in parallel to Financial Advisors on the Team, required
Knowledge/Skills
Financial industry and product knowledge
Excellent written and verbal communication skills
Knowledge of applicable compliance rules and regulations and firm policies
Ability to interact and communicate effectively with colleagues and clients
Reports To
Evidence of strong leadership skills or previous supervisory experience
Branch Manager or Associate Market Manager
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 85 years. At our foundation are five core values — putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back — that guide our more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you’ll find trusted colleagues, committed mentors and a culture that values diverse perspectives, individual intellect and cross-collaboration. We Firm is differentiated by the caliber of our diverse team. While our company culture and commitment to inclusion define our legacy and shape our future, helping to strengthen our business and bring value to clients around the world. Learn more about how we put this commitment to action: morganstanley.com/diversity. 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.
We're committed to bringing passion and customer focus to the business.
Expected base pay rates for the role will be between $50,000 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.
Morgan Stanley's goal is to build and maintain a workforce that is diverse in experience and background but uniform in reflecting our standards of integrity and excellence. Consequently, our recruiting efforts reflect our desire to attract and retain the best and brightest from all talent pools. We want to be the first choice for prospective employees.
It is the policy of the Firm to ensure 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).
Morgan Stanley's goal is to build and maintain a workforce that is diverse in experience and background but uniform in reflecting our standards of integrity and excellence. Consequently, our recruiting efforts reflect our desire to attract and retain the best and brightest from all talent pools. We want to be the first choice for prospective employees.
It is the policy of the Firm to ensure 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).
About Morgan Stanley
| Size | More than 5000 |
| Industry | Investment Banking & Brokerage |
| Location | New York County, United States |
| Founded | 1 January 1935 |