Morgan Stanley Launches Enhanced Financial Wellness Program for Employees of Corporate Clients
October 02 2018 - 9:00AM
Business Wire
Includes Financial Wellness score, proprietary thought
leadership and personalized financial solutions
Morgan Stanley Wealth Management today announced the launch of
an enhanced Financial Wellness Program for employees of
mid-to-large size corporations. Morgan Stanley Financial Wellness
is an inclusive offering that addresses a range of needs designed
to help reduce financial stress and empower employees to reach
their financial goals. The program includes a new digital portal, a
robust catalog of financial education materials, a financial
wellness assessment and the option to collaborate with either a
Morgan Stanley Financial Advisor or through Morgan Stanley Access
Investing, the Firm’s online investing platform.
“Financial stress among employees is a key contributor to
reduced productivity, lower effectiveness and higher attrition,”
said Brian McDonald, Head of Corporate Solutions. “We are pleased
to launch our Morgan Stanley Financial Wellness Program to provide
our corporate clients and their employees with critical financial
education and assessment tools that can help to mitigate these
factors and provide employees with support to enhance their
financial lives.”
Studies have shown that 53% of employees are stressed about
their finances, 54% of all employees plan to postpone retirement
and 48% of employees are distracted by their finances at work.1
The benefits of the Morgan Stanley Financial Wellness Program
include:
- Financial Education – through an
online portal, employees and their families can measure and improve
their financial well-being while being matched with educational
materials that can help address their needs. The portal includes a
12-question financial assessment and score to determine financial
fitness, 80+ articles covering topics around personal finances,
including retirement, investing, college planning, estate planning
and taxes, pre-recorded webinars and multiple calculators they can
walk through at their own pace. Also provided are detailed insights
on employee engagement – how they feel about their finances and how
much they know about their company’s retirement plan
offerings.
- Financial Advice – offered
through either digital channels or one-on-one interactive
discussions with a Morgan Stanley Financial Advisor who will create
a holistic portrait of an employee’s financial life and customize a
plan to help them pursue their goals.
- Financial Solutions – If
employees choose to, they can access Morgan Stanley’s wide breadth
of products and solutions that may help them meet their short- and
long-term financial goals, including investment management, cash
management and lending products and services, brokerage accounts,
insurance, philanthropy management services and trust and estate
planning strategies. Tax planning and preparation services are
available through a third-party vendor.
“We have the privilege to advise on and deliver employee benefit
programs on behalf of thousands of corporate clients, and are now
pleased to fulfill a request that we hear from these clients more
and more: to provide education, advice and solutions in the way
each and every employee prefers,” said Edward O’Connor, Head of
Morgan Stanley Financial Wellness and Corporate Retirement.
Morgan Stanley Wealth Management’s Corporate Solutions help
institutions and their participants achieve their financial goals
by leveraging the full breadth of Morgan Stanley Wealth Management.
Corporate Solutions includes corporate equity solutions, corporate
retirement and financial wellness solutions delivered through the
workplace. For additional information, please visit
http://www.morganstanley.com/financialwellness.
Morgan Stanley Wealth Management, a global leader, provides
access to a wide range of products and services to individuals,
businesses and institutions, including brokerage and investment
advisory services, financial and wealth planning, cash management
and lending products and services, annuities and insurance,
retirement and trust services.
Morgan Stanley (NYSE: MS) is a leading global financial services
firm providing investment banking, securities, investment
management and wealth management services. With offices in more
than 41 countries, the Firm's employees serve clients worldwide
including corporations, governments, institutions and individuals.
For more information about Morgan Stanley, please visit
www.morganstanley.com.
© 2018 Morgan Stanley Smith Barney LLC. Member SIPC.
1 PwC Employee Financial Wellness Survey, May 2017.
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Morgan StanleyChristy Jockle, (914) 225-6827
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