Morgan Stanley is expanding its partnership with Denver-based Empower Retirement, a large record keeper, to offer a wider array of services in its adviser-sold plans for businesses with retirement plan assets under $50 million.
Through its Morgan Stanley at Work suite of solutions, the company said the joint effort will include access to its stock plan administration services. It will also result in co-branded digital solutions and capabilities, streamlined administration for plan sponsors and financial advisers, and favorable administrative pricing terms through Morgan Stanley.
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