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.
Rajesh Markan earlier this year pleaded guilty to one count of criminal fraud related to his sale of fake investments to 10 clients totaling $2.9 million.
From building trust to steering through emotions and responding to client challenges, new advisors need human skills to shape the future of the advice industry.
"The outcome is correct, but it's disappointing that FINRA had ample opportunity to investigate the merits of clients' allegations in these claims, including the testimony in the three investor arbitrations with hearings," Jeff Erez, a plaintiff's attorney representing a large portion of the Stifel clients, said.
Chair also praised the passage of stablecoin legislation this week.
Maridea Wealth Management's deal in Chicago, Illinois is its first after securing a strategic investment in April.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.