Morgan Stanley at Work acquires executive benefits firm
American Financial Systems, which specializes in nonqualified executive benefit plans, will add to Morgan Stanley’s workplace solutions.
Morgan Stanley at Work, the wirehouse’s workplace solutions provider, has acquired American Financial Systems, a Waltham, Massachusetts-based firm that specializes in nonqualified executive benefit plans.
The acquisition is expected to close in the fall; the terms were not disclosed.
Adding American Financial Systems’ expertise in executive benefit plans to the financial giant’s already diverse offering “creates a powerful value proposition for plan sponsors and their participants,” Morgan Stanley said in a release.
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