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Morgan Stanley Financial Advisor Associate (FAA) Program

Essay Instructions:

1-page summary of the Career/Job or Graduate Program:
Describe the career field/program and what is involved (tasks, classes, duties, projects, responsibilities, qualifications, etc.), the salary expectations, job growth rate, and education, prerequisites or training needed for hire or admission.
Include a screenshot of specific job/position or graduate school program posting or a link to their web page (this should have been submitted at the beginning of the semester, so you may use the same document/link)
2-page reflection paper on what you will do to have a successful interview (based on course material and feedback from your mock interview)
List 5 things you will do to help them be successful once hired at their first job or accepted into the graduate program.

Financial Advisor Associate

Company NameMorgan Stanley  (Links to an external site.)Company Location Montgomery, AL, US

About us

Morgan Stanley mobilizes capital to help governments, corporations, institutions and individuals around the world achieve their financial goals. For over 75 years, the firm’s reputation for using innovative thinking to solve complex problems has been well earned and rarely matched. A consistent industry leader throughout decades of dramatic change in modern finance, Morgan Stanley will continue to break new ground in advising, serving and providing new opportunities for its clients. Morgan Stanley is committed to maintaining the first-class service and high standard of excellence that have always defined the firm. At its foundation are four core values — putting clients first, doing the right thing, leading with exceptional ideas and giving back — that guide its more than 55,000 employees in 1,200 offices across 43 countries.

Financial Advisor Associate Job Description


The Morgan Stanley Financial Advisor Associate (FAA) Program prepares ambitious self-starters to become Financial Advisors through intensive training and development. Our extensive curriculum provides you, state-of-the-art wealth management tools, techniques and resources needed to create strategies and build a client base of high-net worth individuals. When you launch your career as a Financial Advisor, you are prepared to apply your product knowledge and wealth management talents to deliver clients with individualized and comprehensive financial guidance.

Becoming a Financial Advisor at Morgan Stanley will allow you to:

Help Others Achieve Their Goals - You can help clients achieve their financial goals and help them make a difference in their lives.

Make a Difference While Accomplishing Work-Life Balance - As a Financial Advisor you may have the opportunity to control your work schedule and the flexibility to achieve work-life balance as you manage your own business.

Play Your Part - Listen to your clients and work with them to develop portfolios reflective of what's most important to them.

Build a Personally and Financially Rewarding Career - You have the potential to grow your business, assist your clients with their financial and investment needs and meet your personal financial goals.

To succeed, you'll need the right combination of personal attributes:

  • Drive: As a Financial Advisor, you are entirely responsible for generating your own income. To succeed, you’ll need to be organized, focused and highly disciplined.

  • Ambition: You’ll work hard, struggle through slow periods and face tough challenges while building your business. You’re the kind of person who doesn’t give up - and knows you’ll get to where you want to be.

  • Accountability: There are no shortcuts to succeeding in this business, and you’ll need to be demanding of yourself. You’ll treat your clients properly, with consistency and care. You’ll be diligent in your work and in disclosing details your clients need to know.

  • Confidence: Assurance in yourself and your work conveys to your clients a feeling of confidence in their choices and financial future. Top Financial Advisors are comfortable talking with people. They can engage easily in conversation and confidently handle the challenges of running their own business.

A Training Process Geared Towards Your Success

The Program Is Broken Out Into Three Phases

Our rigorous training and development program fully prepares our FAAs to enter our elite Financial Advisor workforce. The FAA Program is highly selective, and we accept only the top candidates.

Phase 1
FAAs are required to pass the Series 7 and 66 licensing exams, begin consultation meetings with their designated coaches appointed to them at the commencement of the program, complete assigned curriculum, and attend the first National Performance Training Session.

Phase 2
FAAs learn about wealth management topics and client conversations, participate in weekly coaching meetings, prospect for clients, open new account relationships, and attend a second National Performance Training Session.

Phase 3
In this final stage FAAs learn to manage and expand client relationships, gather referrals, target specific niche markets, complete the Financial Planning Specialist (FPS) program, and meet frequently with their Manager.

Job Responsibilities

  • Complete proprietary training in finance, wealth planning, investment strategies and products.

  • Effectively source business prospects and employ client acquisition techniques.

  • Consult with clients on wealth management strategies based on their financial and investment goals.

  • Balance referral activities, customer follow-ups and administrative tasks.

  • Comply with all regulatory requirements, including licensing and registrations.

  • Meet pre-determined production goals as outlined in training program.

    • Job Requirements

The best Financial Advisors are high achievers, astute listeners and skilled problem solvers who can offer specialized advice to help clients meet their wealth management needs.

  • Holds bachelor’s degree or equivalent to five years professional experience in business development, management, sales, legal, accounting, education, military, finance or other business-related field.

  • Exemplary communication, presentation, time-management and organizational skills.

  • Talented at networking with businesses and personal communities.

  • Ability to listen to client needs and provide financial solutions.

  • Authorization to work in the U.S. without restriction.

  • Successful completion of background check and pre-employment assessments.

Hiring Process

Our hiring procedure is a multistep process that can take four to six weeks to complete. Successful candidates can expect to complete online assessments, two or three rounds of interviews, and business planning exercises. All offers of employment are contingent on a background check.

About Us

Morgan Stanley Wealth Management, an industry leader, provides access to a wide range of products and services to individuals, businesses and institutions, including brokerage and investment advisory services, financial and wealth planning, cash management and lending products and services, annuities and insurance, retirement and trust services.

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, gender, gender identity or expression, sexual orientation, national origin, citizenship, disability, marital and civil partnership/union status, pregnancy (including unlawful discrimination on the basis of a legally protected pregnancy/maternity leave), protected 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 Wealth Management is a business of Morgan Stanley Smith Barney LLC. Member SIPC.

Industry

  • Banking
  • Financial Services
  • Investment Management

Employment Type

Full-time

Job Functions

  • Finance
  • Sales

Salary & Benefits Beta

For Financial Advisor Associate in Montgomery, Alabama Area at Morgan Stanley

Estimated salary

Base salary

$61,200/yr

Range: $42K to $89K

Range: $42K – $89K

  • Total compensation

$77,000/yr

Range: $49K to $120K

Range: $49K – $120K

Essay Sample Content Preview:
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Financial Advisor Associate: Morgan Stanley
The name Morgan Stanley is one that is widely known. The company’s dealings with the government as well as other businesses and individuals are widely publicized. Having earned a good reputation for its forward-thinking, it is not unusual to consider the company a leader in what it does. Even as the world changes and companies are forced to adapt, Morgan Stanley has maintained its work ethic and it is unsurprising that it continually helps to further the interests of its clients. The company’s presence in the world is also felt and with its influence in 43 countries, much should be expected from the organization going forward.
Summary
The Morgan Stanley Financial Advisor Associate program (FAA) is one of the most rigorous and intense training program in the U.S. Morgan Stanley is not simply a company that seeks to reap from where it has not sown. Using this program, the organization seeks to prepare individuals who can meet or match the requirements to join its elite workforce. Those seeking to join the program need to make sure they are cut out for the rigorous training. This thus calls for personal reflection as the field is demanding and can be quite stressful if someone is not ready to sacrifice or put themselves in the best position to succeed in the field.
A salary should never be the only consideration while assessing a field but as a financial advisor, the salary range is $42,000 to $89,000. Additionally, it should be noted that in the next 10 years, the field is expected to continue growing. With economies growing and becoming a lot stronger, the positions of financial advisors will continue to be secure. However, the volatility or unpredictability of the economies of the world also make the position of financial advisors crucial in the next phase of the world.
With regards to entry level education into the field, one needs at least a bachelor’s degree to get the chance of working as a financial advisor. Morgan Stanley’s FAA also considers a bachelor’s degree as a requirement for individuals seeking to be considered for the program. However, those without bachelor’s degrees can also be considered viable if they have five years of professional experience. So, education is key in this field. But as always, it is not always the only thing needed. Morgan Stanley advises that people have to also consider their personal attributes that will help them excel or succeed in the field. The organization quotes drive as one of the key prerequisites of succeeding as a financial advisor. While working in this field, individual success is highly dependent on one’s drive. There is a lot of competition in the field and one has to separate themselves from the rest.
Other personal attributes that should help someone excel in the position of financial advisor include ambition, ac...
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