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E*TRADE from Morgan Stanley · 5 months ago

VP, Wealth Management Advisory Attorney

Purchase, New York, United States of America

Full-time

Onsite

Mid, Senior Level

$120K/yr - $205K/yr

7+ years exp

E*TRADE from Morgan Stanley is a leading financial services firm, and they are seeking a VP, Wealth Management Advisory Attorney to provide legal support for their investment advisory business. The role involves advising on legal matters, drafting agreements, and working closely with clients and regulatory bodies.

BankingFinanceFinancial Services

Responsibilities

Day-to-day legal support for Morgan Stanley Wealth Management's investment advisory business, including providing legal analysis and advice with respect to applicable rules, regulations and legal risk relating to the fiduciary standard of care, trading, best execution, trade allocation, operational issues, principal trading rules, investment allocations, client fee structures, conflicts of interest, and cash solicitation rules

Advising on matters related to the various types of clients serviced by Wealth Management, including retail natural persons, high net worth individuals, family offices, institutions, charitable organizations, and pension plans, among others

Drafting client agreements, account documentation and disclosure, and negotiating agreements with portfolio managers

Working with various areas of Morgan Stanley's Wealth Management business on new product and services development

Working directly with clients and their counsel on issues relating to contracts and related matters

Dealing with relevant regulators, especially the SEC

Interacting with other Legal Department areas as well as Compliance and Risk

Qualification

Investment Advisers ActFINRA regulationsDrafting agreementsRegulatory processesClient communicationsLegal analysisNegotiating contractsUnderstanding fiduciary lawsInterfacing with clients

Required

7 years or more of experience in dealing with issues arising under the Investment Advisers Act of 1940, FINRA rules and regulations as well as related federal securities laws and state fiduciary laws

Ability to interface effectively with investment personnel as well as Wealth Management clients and their counsel

Experience in drafting agreements, client communications and other disclosure documents; negotiating contracts

Familiarity with regulatory processes (SEC and FINRA)

Understanding of regulatory landscape applicable to registered investment advisers