Job description
Internal Sales Associate - Alternatives
Job Number:
3235058
POSTING DATE: Apr 3, 2023
PRIMARY LOCATION: Americas-United States of America-New York-New York
JOB: Asset/Investment Management
EMPLOYMENT TYPE: Full Time
JOB LEVEL: Associate
DESCRIPTION
Morgan Stanley Investment Management (“MSIM”), together with its investment advisory affiliates, has more than 3,200 investment professionals around the world and $1.3 trillion in assets under management or supervision as of September 30, 2022. Morgan Stanley Investment Management strives to provide strong long-term investment performance, outstanding service and a comprehensive suite of investment management solutions to a diverse client base, which includes governments, institutions, corporations and individuals worldwide.
MSIM Alternatives Specialist team is a global team focused on coordinating and driving the following key activities across the MSIM Alternatives platform: Investor Coverage, Capital-Raising, Marketing, New Product Development and Market Intelligence.
Responsibilities:
The MSIM Alternatives distribution team seeks an independent, self-motivated individual for the Internal Sales Desk to focus on MSIM Alternatives business development and distribution efforts across Morgan Stanley Wealth Management and RIA universe.
- Partner and support the Alternatives Investment Distribution Specialists on the to drive growth and sales in MSIM
alternative investment products within the MS Wealth Management channel
- Collaborate and partner with colleagues on Eaton Vance sales team, across wirehouse, RIA and other channels.
- Develop proficiency in the areas of direct private equity, private credit, real assets, hedge fund and private equity fund de-
funds, and managed futures
- Build a deep and intimate knowledge of the various investment strategies across the MSIM Alternatives platform
- Establish a business plan to identify and meet with relevant Morgan Stanley Financial Advisors and relevant contacts
within the assigned territory(s)
- Leverage relationships throughout the Wealth Management business to build awareness and educate Financial Advisors
on the MSIM Alternatives platform
- Work alongside Financial Advisors to perform demand assessments and determine investor appetite for new products
- Profile MS financial advisors to expand the network of MSIM alternative investment users
- Managing and utilizing CRM database to track Financial Advisor/client interactions
QUALIFICATIONS
- Bachelors degree
- 3-5 years of experience preferably in an investment management or wealth management/financial advisory setting
- Alternative Investments experience a plus
- Understanding of the financial advisory business
- Ability to work independently and manage time efficiently and effectively
- Need to be enthusiastic, self-motivated and a team player
- Ability to handle multiple assignments at once and meet associated deadlines
- Outstanding verbal and written communication skills
- License requirements: Series 7 and 63
- Spanish and/or Mandarin proficiency is preferable but not required
Expected base pay rates for the role will be between $100,000 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).
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