Morgan Stanley sells student loan benefits provider to Vestwell
Gradifi, which sold to ETrade in 2019 for $30 million, will expand Vestwell beyond retirement savings.
Morgan Stanley is selling Gradifi Solutions, a student loan benefits provider, to workplace savings fintech Vestwell.
ETrade Financial acquired Gradifi from First Republic Bank for $30 million in 2019, less than three months before Morgan Stanley bought ETrade for $13 billion. Terms of the transa
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