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.
MyVest and Vestmark have also unveiled strategic partnerships aimed at helping advisors and RIAs bring personalization to more clients.
Wealth management unit sees inflows of $23 billion.
Deal will give US investment bank a foothold in lucrative European market.
New report examines the impact that the initiative has had on philanthropy.
Few feel confident that they will meet their retirement goals.
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.
