Morgan Stanley has entered into an agreement with Wilson Sonsini Goodrich & Rosati that enables privately held companies currently using the law firm’s capitalization management software to migrate to Morgan Stanley’s Shareworks capitalization and stock plan platform.
In 2019, Morgan Stanley acquired the Canadian stock plan business Solium Capital and rebranded it as Shareworks. With its acquisition of ETrade in 2020, Morgan Stanley now serves more than 4.9 million stock plan participants.
Morgan Stanley Shareworks offers software and services that help private and public companies simplify share plan management, provide disclosures and support tax and legal compliance.
”Morgan Stanley intends to be the leader in capitalization management for private companies and early stage startups, helping them to manage the complexities of their equity and employee stock plans,” Jed Finn, head of corporate and institutional solutions at Morgan Stanley Wealth Management, said in a release.
Chicago-based Mesirow Fiduciary Solutions adds flexPATH's plan-level outsourced fiduciary book, boosting its retirement market reach to $164 billion.
Also, Raymond James's employee advisor channel adds breakaways from Wells Fargo and Stifel, while UBS welcomes an ex-Morgan Stanley duo in Indiana.
It promised guaranteed principal and 10% monthly returns. The SEC says it invested nothing.
Ten years after entering the fee-based annuity market, MassMutual Ascend says nearly half its lifetime sales came in the past two years alone – but barriers remain among fee-only advisors.
Amplify, WealthReach, Zeplyn and Zocks have unveiled partnerships aimed at automating portfolio management, content creation, account opening, and client communication.
Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains
Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income
