M

Morgan Stanley

Manages investments and advises on financing

Portfolio Associate

Full-Time
$17 - $43.27/hr+ Commission + Incentive Compensation + Discretionary Bonuses
Senior
Bachelor's
White Plains, NY, USA
In Person
Finance & BankingWealth Management & Financial Advisory
Company Does Not Provide H1B Sponsorship

About the job

Requirements
  • High School Diploma/Equivalency
  • College degree preferred
  • Active Series 7 (General Securities) and Series 66 (Agent/Registered Representative) or Series 63 (Agent) and Series 65 (Registered Investment Adviser)
  • 5+ years of work experience in a field relevant to the position
  • Successful completion of the prerequisite Portfolio Associate Training Curriculum, with leadership nomination
  • Knowledge of financial services products, including but not limited to equities, bonds, options, mutual funds, annuities, insurance, and managed accounts
  • Detail oriented with superior organizational skills and ability to prioritize
  • Advanced Microsoft Office skills (Word, Excel, Outlook and PowerPoint)
  • Exceptional writing, interpersonal and client service skills
  • Strong time management skills
  • Team player with the ability to collaborate with others
  • Ability to work in a fast-paced, evolving environment
  • Adaptable and ability to multitask
  • Goal oriented, self-motivated and results driven
Responsibilities
  • Providing service coverage for a financial advisor, private wealth advisor, or team
  • Cultivating and enhancing new and existing client relationships
  • Executing money movement transactions at the request of the client and/or financial advisor/wealth advisor/team
  • Answering general non-investment questions concerning client accounts, including relaying stock positions and providing account balances
  • Entering profile information or pre-filling account documentation in a clerical capacity at the direction of the client and/or financial advisor/wealth advisor/team
  • Educating or enrolling clients in digital tools (e.g. MSOnline, eSign, eAuthorization)
  • Onboarding and maintaining client accounts, including collecting client information and required documentation in a clerical capacity
  • Providing existing clients with details around their account information (e.g., investment objectives, risk tolerance)
  • Accepting or entering unsolicited orders and/or solicited orders in a clerical capacity at the direction of the financial advisor/wealth advisor/team
  • Supporting the financial advisors/private wealth advisors/teams’ marketing strategy (e.g., website maintenance)
  • Assisting FAs/PWAs/teams in delivering against their business plan and client service model
  • Remaining current on all policies, procedures, and new platforms
  • Participating in firm initiatives (e.g., training or education programs), special projects and/or other duties directed by local management
  • Serving as a peer/mentor to other support professionals in the market
  • Answering inbound phone calls or making outbound calls with updates on service requests
  • Managing the calendar including coordinating meetings or events with logistics such as material preparation
  • Maintaining travel itineraries, preparing expense reports and managing the reimbursement process
  • Assisting with general in-office support functions such as copying, filing and scanning documentation
  • Preparing and submitting expense reports for processing at the direction of the financial advisor/wealth advisor
Desired Qualifications
  • College degree preferred
  • Experience and ability in using financial services products knowledge beyond basic level could be considered desirable but not required

About the company

Morgan Stanley advises companies and governments on financing and manages investments for institutions, individuals, and families. Its business combines investment banking and securities trading with wealth management and an asset-management division that invests across public and private markets. Bankers arrange stock and bond sales and advise on mergers, while advisors build client portfolios and fund managers invest money under agreed strategies. The firm earns advisory and management fees, trading revenue, commissions, and interest from lending and deposits. Morgan Stanley was founded as a partnership in 1935 and is headquartered in New York City.

Company Size

10,001+

Company Stage

IPO

Headquarters

New York City, New York

Founded

1935

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Simplify's Take

What believers are saying

  • Business activity supports expansion: Morgan Stanley reported $21.3 billion quarterly revenue in July 2026, versus $16.8 billion a year earlier.
  • Dallas careers have a future pipeline: Morgan Stanley announced plans for 3,800 jobs by 2035 in September 2026.
  • Recurring fees anchor wealth management: asset-management fees supplied 59% of Morgan Stanley Wealth Management's 2025 revenue.

What critics are saying

  • Staff stability is uneven: Reuters reported Morgan Stanley cut 2,500 jobs across divisions in March 2026, excluding financial advisors.
  • Falling markets squeeze fees: Morgan Stanley bases wealth and asset-management fees on client portfolio values.
  • Asset-manager inflows weakened: Morgan Stanley reported $7.5 billion long-term net flows in July 2026, versus $12.2 billion a year earlier.

What makes Morgan Stanley unique

  • Retail clients choose their service level: Morgan Stanley combines E*TRADE trading with virtual and dedicated financial advisors.
  • Workplace investing has dedicated infrastructure: Morgan Stanley runs Shareworks and E*TRADE stock-plan platforms for customer employees.
  • Specialist investing extends its reach: Morgan Stanley owns portfolio-customization firm Parametric and responsible-investing firm Calvert.

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Benefits

  • Health Insurance
  • Dental Insurance
  • Vision Insurance
  • Life Insurance
  • Disability Insurance
  • Health Savings Account/Flexible Spending Account
  • Unlimited Paid Time Off
  • Paid Vacation
  • Paid Sick Leave
  • Paid Holidays
  • Hybrid Work Options
  • 401(k) Retirement Plan

Company News

Yahoo Finance
Nov 3rd, 2026
Morgan Stanley's Wilson sees S&P 500 at 8,500 by 2027, with $10.5T in client assets set to gain

Morgan Stanley's top stock strategist, Mike Wilson, says the market correction is in its "final innings" and expects conditions to improve within weeks. He told CNBC that investors have already priced in most bad news since June, including AI spending fears, wars, and the upcoming US elections. Wilson sees the S&P 500 reaching 8,500 by mid-2027, about 11.5% above its October 23 close and above the bank's official 8,300 target. A rally would help Morgan Stanley, which earns fees on client assets. Clients hold a record $10.5 trillion with the firm, and its wealth business brought in a record $9.1 billion last quarter. Third-quarter revenue was $20.34 billion, and earnings per share were $3.03, beating the $2.94 consensus.

Kalkine
Nov 2nd, 2026
GATX prices $300M of 5.950% senior notes due 2036 at 110 bps over Treasuries

GATX Corporation priced a $300 million offering of 5.950% senior notes due November 15, 2036, according to a free writing prospectus filed on November 2, 2026. Settlement is expected on November 6, 2026. The notes were sold at 99.789% of par, a yield of 5.978%. That is 110 basis points over the benchmark US Treasury 4.625% due August 15, 2036. Interest is paid every May 15 and November 15, starting May 15, 2027. GATX can redeem the notes at par from August 15, 2036. Expected ratings are Baa1 from Moody's, BBB from S&P, and BBB+ from Fitch, all with stable outlooks. BofA Securities, Citigroup Global Markets, Morgan Stanley, and PNC Capital Markets led the offering.

Yahoo Finance
Nov 2nd, 2026
Morgan Stanley backs Sandisk at $1,750 target after 18% drop wipes $36B

Sandisk shares fell about 18% over two sessions on October 29 and 30, 2026, erasing roughly $36 billion in market value. The drop followed a record fiscal first quarter, with revenue of $11 billion, up 378% from a year earlier. Chief financial officer Luis Visoso said premium and mainstream devices held up, "partially offset by contraction at the lower end." Sales volume in its Edge unit, which sells flash memory to phone and PC makers, fell 20% from a year earlier. Morgan Stanley kept its Overweight rating and $1,750 price target, betting data center demand will offset weaker consumer sales. Consumer and client products fell to 56% of revenue from 90% a year earlier. Sandisk's 8-for-1 stock split takes effect November 20.

Kalkine
Oct 29th, 2026
Public Storage unit prices $500M of 5.600% senior notes due 2036

Public Storage Operating Company priced a $500 million offering of 5.600% senior notes due November 15, 2036, according to a filing dated October 29, 2026. The notes are guaranteed by Public Storage (NYSE: PSA). The notes were priced at 98.293% of principal, for a yield of 5.827%. That is 83 basis points over the 4.625% Treasury due August 15, 2036. The underwriting discount is 0.450%. Interest is payable twice a year, starting May 15, 2027. The company can redeem the notes at par on or after August 15, 2036, or earlier under a make-whole provision. BofA Securities, BNP Paribas Securities, and Morgan Stanley led the deal. Settlement is set for November 6, 2026.

Yahoo Finance
Oct 28th, 2026
Morgan Stanley at $187.26: 36% EPS growth and 17.1% revenue growth vs 1.6% share loss

Morgan Stanley (NYSE:MS) shares trade at $187.26, down 1.6% over the past six months. The S&P 500 gained 7.5% in that period. The bank's annualized revenue grew 17.1% over the last two years, above its five-year trend. Earnings per share rose at a 36% compound annual rate over the same time, which shows the firm became more profitable per share as it grew. Tangible book value per share grew 5.6% a year over five years, but accelerated to 10.2% a year over the past two, from $43.76 to $53.18. The stock trades at 13.7 times forward earnings.