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View More Press Releases by Morgan Stanley

Press release:

Digital Portal Enhancements, Student Loan Refinancing and Financial Coaching added to Morgan Stanley at Work's Financial Wellness Program for Corporate Clients

Issued by: Morgan Stanley

Date: Sept. 12, 2019

New York, Sept. 12, 2019 -- Morgan Stanley today announced further enhancements to its Morgan Stanley at Work Financial Wellness platform. Changes include the addition of digital portal enhancements, student loan refinancing capabilities and financial coaching to its Financial Wellness program for employees of mid-to-large size corporations.

"With more than 50 percent of employees citing financial stress as their biggest concern, there is a strong desire among employers to offer Financial Wellness programs to help reduce employee stress, improve retention and engagement1," said Brian McDonald, Head of Morgan Stanley at Work. "Our full suite of Financial Wellness offerings provides employees with access to resources covering a broad range of critical financial topics. This type of education enables employees to build a holistic plan to help them make confident decisions to achieve their financial goals."

The new enhancements to the Financial Wellness program include:

    Digital Portal Experience - includes a new, more robust assessment tool and personalized journeys with engaging content and calculators to help measure an employees' financial fitness. Employees also now have access to over 100 articles across six important topics (personal finances, retirement, investing, college planning, estate planning and taxes) as well as videos and webinars.

    Student Loan Refinancing2 - access to an independent marketplace for student loan refinancing from Credible to better manage educational loans; as well as educational material and call center support. This benefit is provided as part of the Financial Wellness program and doesn't require additional setup by employers.

    Financial Coaching - a new phone-based, financial coaching service employees and their families can connect to through My Secure Advantage3, an independent financial coaching service, to obtain information on budgeting, debt management and credit issues.

These enhancements are designed to help employees improve their financial well-being based on their needs and goals. In addition, younger plan participants in the earlier stages of their careers can elect to be served by the Morgan Stanley Access Investing and Morgan Stanley Virtual Advisor channels. As plan participants build their wealth, and their needs become more complex, there is a natural transition to a Morgan Stanley Financial Advisor-based relationship.

View More Press Releases by Morgan Stanley


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