Morgan Stanley Launches Encrypted Document Sharing Portal for Clients in Partnership with Box
July 22 2019 - 8:00AM
Business Wire
Morgan Stanley (NYSE:MS) today announced the launch of a new
wealth management digital collaboration product, which allows for
encrypted document sharing between clients and Financial Advisors.
The new platform is powered by Box (NYSE:BOX), a leader in cloud
content management. Through this partnership, Morgan Stanley Wealth
Management will be utilizing Box’s cloud content management
capabilities, including Box Platform, Box KeySafe and Box
Governance.
Morgan Stanley’s “Digital Vault” provides an encrypted
repository for clients to store and share life’s most important
documents, such as wills, deeds, estate plans, financial statements
and tax filings with their Financial Advisors. This unified
solution offers an additional layer of encryption not offered
through email*, and also supports two-way sharing. Key features of
the platform include:
- Encrypted cloud-based document storage and sharing between the
client and Financial Advisor in a central location
- Client document upload and access through Morgan Stanley Online
and the Morgan Stanley Mobile App
- Notifications when content is uploaded for both clients and
Financial Advisors
- Interactive commentary to enhance client and Financial Advisor
collaboration on documents
“Adopting new technologies to enhance and improve the way we
deliver information to our clients and foster communication between
advisor teams and clients is incredibly important for wealth
management – especially in this increasingly digital world,” said
Naureen Hassan, Chief Digital Officer for Morgan Stanley Wealth
Management. “By investing in a cloud content management platform
like Box and leveraging other best-of-breed technology partners, we
have been able to create a more secure, efficient and collaborative
environment for conducting business.”
“Box empowers our clients to collaborate with their Financial
Advisers seamlessly while adhering to the highest standards of data
privacy, protection and security,” said Sal Cucchiara, Chief
Information Officer for Wealth Management at Morgan Stanley.
“Protecting our clients’ assets and personal information is our top
concern, and this is our latest investment in safety and security
at scale.”
“As one of the world’s leading investment banking, securities
and wealth management firms, Morgan Stanley has been on the
cutting-edge of building technologies that drive their business and
financial markets worldwide,” said Aaron Levie, co-founder and CEO
of Box. “With Box, they are applying that same forward-thinking
strategy, providing clients and their employees with better access
to information, and ultimately driving more efficiency and
collaboration.”
Morgan Stanley is defining the future of wealth management by
setting a new standard for delivering client excellence: a unique
combination of human capital, cutting-edge technology, leading
intellectual capital and customized financial solutions, all
delivered by a Financial Advisor to help clients achieve their life
goals.
*Uploading a document to Morgan Stanley’s document sharing
platform does not obligate Morgan Stanley or its employees to
review or take any action with respect to the document.
Additional information on the Morgan Stanley “Digital Vault”
platform is available here:
https://www.morganstanley.com/campaigns/wealth-management/digital-vault.
About Morgan Stanley
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, wealth management
and investment 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.
About Box
Box (NYSE:BOX) is a leading Cloud Content Management platform
that enables organizations to accelerate business processes, power
workplace collaboration and protect their most valuable
information, all while working with a best-of-breed enterprise IT
stack. Founded in 2005, Box simplifies work for 70% of the Fortune
500, including AstraZeneca, General Electric, JLL, and Nationwide.
Box is headquartered in Redwood City, CA, with offices across the
United States, Europe, and Asia. To learn more about Box, visit
http://www.box.com.
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Media Inquiries: Susan Siering +1 212-761-6030
susan.siering@morganstanley.com or Jordan Beadle +1 415-275-0836
press@box.com
Investor Relations: Alice Kousoum Lopatto and Elaine Gaudioso +1
650-209-3467 ir@box.com
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