Morgan Stanley at Work to Acquire Leading Nonqualified Deferred Compensation Plan Provider American Financial Systems
22 Junho 2022 - 11:00AM
Business Wire
Acquisition adds to Morgan Stanley’s workplace offering spectrum
that ranges from executive services, retirement plan guidance and
implementation, to equity compensation and financial wellness
Morgan Stanley at Work today announced the acquisition of
American Financial Systems (AFS), a recognized leader in providing
nonqualified executive benefit plan solutions and services to
employers of all sizes. The business’s full-service deferred
compensation plan offerings include:
- Plan Design Consulting: Helps assess a sponsor’s
objectives alongside retirement plan consultants and financial
advisors.
- Plan Implementation and Online Enrollment: Provides a
single point of contact to manage documentation, help get set-up on
Deferral.com, and monitor participant enrollment.
- Funding Analysis and Optimization: The business utilizes
the latest versions of proprietary software to model various
alternatives for meeting financial obligations.
- Client Management and Plan Recordkeeping: Provides
dedicated account manager to handle day-to-day processing,
recordkeeping and support to maintain balances and reporting.
“The workplace is a key story to watch over the next five years
in the wealth management industry,” said Jed Finn, Head of
Corporate & Institutional Solutions and COO of Morgan Stanley
Wealth Management. “It is the single most important source of
wealth creation, and at Morgan Stanley we have been hard at work
creating an end-to-end integrated offering where we can help plan
participants reach their financial goals and corporations manage
the full spectrum of their financial wellness, equity, and now with
the addition of AFS, deferred cash offerings.”
“Attracting, retaining, and motivating top talent is a top
priority for our clients and their organizations,” said Brian
McDonald, Head of Morgan Stanley at Work. “In response, deferred
compensation plans have grown in popularity as plan sponsors
increasingly explore new practices to round out their compensation
structures. Combining AFS with our workplace offering along with
the proficiency of our Financial Advisors creates a powerful value
proposition for plan sponsors and their participants.”
Terms of the transaction, which is expected to close during Fall
2022, were not disclosed. To learn more about Morgan Stanley at
Work, please visit: https://www.morganstanley.com/atwork/
About American Financial Systems Founded in 1986, AFS is
a recognized leader in providing supplemental executive benefit
plan solutions and services to employers of all sizes. These plans
offer an additional method to save for retirement, or other
long-term savings needs, on a tax deferred basis and play a key
role in an employer's efforts to recruit, retain and reward their
most valuable executives.
About Morgan Stanley at Work Morgan Stanley at Work
offers a suite of financial solutions, which spans Equity
Compensation through Shareworks and E*TRADE Equity Edge Online,
Retirement and Financial Wellness Solutions. Morgan Stanley at Work
combines cutting-edge planning and Morgan Stanley intellectual
capital and financial education delivered through multiple channels
to enable employees to build a holistic plan to achieve their
financial goals. Shareworks services are provided by Morgan Stanley
Smith Barney LLC, member SIPC, and its affiliates, and Equity Edge
Online® employee stock plan solutions are offered by E*TRADE
Financial Corporate Services, Inc., both are parts of Morgan
Stanley at Work and all wholly owned subsidiaries of Morgan
Stanley.
About Morgan Stanley Wealth Management Morgan Stanley
Wealth Management is a leading financial services firm that
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.
About Morgan Stanley 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.
Morgan Stanley Wealth Management is the trade name of Morgan
Stanley Smith Barney LLC, a registered broker-dealer in the United
States.
© 2022 Morgan Stanley Smith Barney LLC. Member SIPC.
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Media Relations: Katrina Clay, Katrina.clay@morganstanley.com
Lindsey Madnick, Lindsey.madnick@morganstanley.com
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