Morgan Stanley at Work to Acquire Leading Nonqualified Deferred Compensation Plan Provider American Financial Systems
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:
"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 orgaizations," 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
About Morgan Stanley at Work
About Morgan Stanley Wealth Management
About Morgan Stanley
Morgan Stanley Wealth Management is the trade name of Morgan Stanley Smith Barney LLC, a registered broker-dealer in the United States.
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