New York — Morgan Stanley today announced further enhancements to its Morgan Stanley at Work Financial Wellness platform. Changes include the addition of digital portal enhancements, student loan refinancing capabilities and financial coaching to its Financial Wellness program for employees of mid-to-large size corporations.
“With more than 50 percent of employees citing financial stress as their biggest concern, there is a strong desire among employers to offer Financial Wellness programs to help reduce employee stress, improve retention and engagement1,” said Brian McDonald, Head of Morgan Stanley at Work. “Our full suite of Financial Wellness offerings provides employees with access to resources covering a broad range of critical financial topics. This type of education enables employees to build a holistic plan to help them make confident decisions to achieve their financial goals.”
The new enhancements to the Financial Wellness program include:
These enhancements are designed to help employees improve their financial well-being based on their needs and goals. In addition, younger plan participants in the earlier stages of their careers can elect to be served by the Morgan Stanley Access Investing and Morgan Stanley Virtual Advisor channels. As plan participants build their wealth, and their needs become more complex, there is a natural transition to a Morgan Stanley Financial Advisor-based relationship.
Morgan Stanley at Work offers a comprehensive suite of workplace financial solutions and offerings that include Retirement, Financial Wellness and a new premier equity management offering, Shareworks by Morgan Stanley. Together, they provide in-depth financial knowledge, resources and cutting-edge technology to enable employers to empower their employees to utilize their workplace benefits to help reduce financial stress and reach their financial goals.
Morgan Stanley completed the acquisition of Solium Capital Inc. on May 1, 2019 and re-branded the platform Shareworks by Morgan Stanley. Morgan Stanley at Work and Shareworks by Morgan Stanley are service marks of Morgan Stanley or its affiliates.
Morgan Stanley Wealth Management, a global 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.
Morgan Stanley (NYSE: MS) is a leading global financial services firm providing investment banking, securities, investment management and wealth management services. With offices in more than 41 countries, the Firm’s employees serve clients worldwide including corporations, governments, institutions and individuals. For more information about Morgan Stanley, please visit www.morganstanley.com.
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1Employee Financial Wellness Study, Conducted by the Financial Health Network on behalf of Morgan Stanley. Data comes from a survey of 1,000 U.S. workers employed full-time for companies with more than 500 employees. The survey was conducted on behalf of the Financial Health Network in November and December 2018 by Greenwald & Associates, with strategic contributions and financial support from Morgan Stanley.
2Morgan Stanley does not receive financial incentives for employee engagement with Credible. The products or services referenced herein are provided by Credible Labs Inc. (“Credible”), an unaffiliated party. Neither Morgan Stanley Smith Barney LLC ("Morgan Stanley") nor its affiliates are the provider of such products or services and will not have any input or responsibility concerning an individual’s eligibility for, or the terms and conditions associated with, these products or services. Neither Morgan Stanley nor its affiliates shall be responsible for content of any advice, guidance or services provided by Credible..
3Guidance provided through My Secure Advantage is not endorsed by Morgan Stanley. Morgan Stanley does not receive financial incentives for employee engagement with My Secure Advantage. Financial Coaching, provided by My Secure Advantage, in partnership with Morgan Stanley Financial Wellness is for informational and educational purposes only. The products or services referenced herein are provided by My Secure Advantage, an unaffiliated party. The views, opinions, guidance or advice provided by My Secure Advantage and/or their financial coaches (who are not Morgan Stanley employees) are solely those of their own, and do not necessarily reflect those of Morgan Stanley Smith Barney LLC, or its affiliates.