Morgan Stanley, Empower to expand joint plan solutions
The agreement will help Morgan Stanley at Work deliver services to small-business retirement plans.
Morgan Stanley is expanding its partnership with Denver-based Empower Retirement, a large record keeper, to offer a wider array of services in its adviser-sold plans for businesses with retirement plan assets under $50 million.
Through its Morgan Stanley at Work suite of solutions, the company said the joint effort will include access to its stock plan administration services. It will also result in co-branded digital solutions and capabilities, streamlined administration for plan sponsors and financial advisers, and favorable administrative pricing terms through Morgan Stanley.
[More: Empower’s $3.55 billion deal with Prudential makes the 401(k) world a lot smaller]
Learn more about reprints and licensing for this article.
