Morgan Stanley Partners with Greenlight to Empower Families to Raise Financially-Smart Kids
01 Dezembro 2021 - 11:00AM
Business Wire
Morgan Stanley today announced a partnership with Greenlight®
Financial Technology, Inc. (“Greenlight”) to bring families an
easy, convenient way to teach kids about personal finance. All
Morgan Stanley CashPlus brokerage account holders can now sign up
for a complimentary Greenlight subscription, complete with
Greenlight debit cards for each child and a companion money app for
the whole family.
Greenlight teaches kids and teens invaluable money management
skills through its award-winning app and debit card that instills
lessons in earning, saving, spending wisely and investing. With
Greenlight, parents also have a better way to manage family
finances with automatic allowance payment, chores tracking,
flexible spend controls and more.
“Many of our Morgan Stanley CashPlus account holders are
families looking for a better way to manage their money while
continuing to build long-term wealth for their family,” said Paul
Halpern, Head of Deposits and Banking Services, Morgan Stanley
Private Banking Group. “Greenlight brings our clients a way to also
teach their children about the world of money, ensuring the next
generation has the knowledge and skills they need for a healthy
financial future.”
“Parents know it’s important for their kids and teens to grow up
with healthy financial habits, but many don’t know where to start
and schools don't always give them the tools they need,” said Tim
Sheehan, co-founder and CEO of Greenlight. “Partnering with Morgan
Stanley, a global leader in financial services, allows us to bring
Greenlight to even more families, empowering parents to raise
financially-smart kids.”
Morgan Stanley CashPlus offers clients a modern alternative to
banking. CashPlus is designed specifically for cash management
needs, while offering a wide range of benefits – from unlimited ATM
withdrawals to easy online bill pay to no foreign transaction fees
– and a seamless digital experience. Greenlight is the newest
benefit now available to all Morgan Stanley CashPlus account
holders.
Morgan Stanley's CashPlus account holders will receive
Greenlight's $4.99 monthly subscription plan complimentary when
they sign up for this program. Once enrolled, a client can add up
to five family members to the Greenlight account. For more
information, please visit: www.morganstanley.com/greenlight.
About Morgan Stanley
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.
The CashPlus Account is a brokerage account offered through
Morgan Stanley Smith Barney LLC. Conditions and restrictions apply.
Please refer to the CashPlus Account Disclosure Statement for
further details at
https://www.morganstanley.com/wealth-disclosures/cashplusaccountdisclosurestatement.pdf.
About Greenlight
Greenlight Financial Technology is the family fintech company on
a mission to help parents raise financially-smart kids. Its
groundbreaking product, Greenlight, is an all-in-one money
management platform purpose-built for families, complete with a
debit card and companion app. Parents can automate allowance,
manage chores, set flexible spend controls and invest for their
kids’ futures. Kids and teens learn to earn, save, spend wisely,
give and invest with parental approval.
The Greenlight Card is issued by Community Federal Savings Bank,
member FDIC, pursuant to license by Mastercard International. For
more information about Greenlight, please visit:
greenlight.com.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20211201005655/en/
Morgan Stanley: Susan Siering,
Susan.Siering@morganstanley.com or Cesaltine Gregorio,
Cesaltine.Gregorio@morganstanley.com
Greenlight: Jessica Tenny,
jessica.tenny@greenlight.me
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