Morgan Stanley at Work today announced three strategic product enhancements to its Equity Edge Online® (EEO) and Shareworks share plan platforms, designed to simplify functionality for Morgan Stanley at Work’s corporate clients and their country participants of work.
With these technological improvements in EEO and Shareworks, corporate customers will experience new processes that drive efficiency, increase productivity and increase satisfaction.
New technology capabilities and features on the platform include:
- Enhanced fractional share transaction capabilities in both Shareworks and EEO that enable share plan participants to trade any fractional shares of their equity – or sell enough to cover taxes and keep the rest. This helps them retain a greater number of equity shares after vesting, expands their tax strategy choices, and fosters deeper engagement and satisfaction with their plans.
- A fully automated Leave of Absence administration process in Shareworks, in which share plan administrators no longer need to manually update individual vest schedules when a participant goes on leave and/or returns. Plan administrators can now automatically handle this common occurrence with a simple status rule—saving time and minimizing errors.
- A new automation framework in EEO called Workflows allows stock plan administrators to build custom automated processes, reducing individual manual steps. Automated workflows help administrators coordinate and set up end-to-end processes on the platform itself, maintain whatever parameters they need, isolate specific attendee populations, and execute workflows for specific events—all from one place.
“Over the past two years we have made significant progress in bringing together the best of Shareworks and Equity Edge Online,” said Mark Mitchell, Morgan Stanley’s Chief Product Officer at Work. “We have our foot firmly on the gas to improve the lives of administrators and their participants through technology that turns once analog processes into seamless automation. These latest improvements help save companies time and costs while also mitigating risks. There is much more to come as we continue to invest heavily in our people, platforms and products.”
About Morgan Stanley at work
Morgan Stanley at Work offers a range of financial solutions, which include Equity Compensation through Shareworks and E*TRADE Equity Edge Online, Retirement and Financial Wellness Solutions. Morgan Stanley at Work combines Morgan Stanley’s cutting-edge planning and 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 provided by E*TRADE Financial Corporate Services, Inc., both part 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 broad range of products and services for individuals, businesses and institutions, including brokerage and investment advisory services, financial and wealth planning, money management and lending. products and services, annuities. and insurance, pension and trust services.
About Morgan Stanley
Morgan Stanley (NYSE: MS) is a leading global financial services firm that provides a broad range of investment banking, securities, wealth management and investment management services. With offices in 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.
Shareworks, a part of Morgan Stanley at Work, is offered by Morgan Stanley Smith Barney LLC, member SIPC, and its subsidiaries, all wholly owned subsidiaries of Morgan Stanley. Equity Edge Online Employee Stock Plan Solutions are provided by E*TRADE Financial Corporate Services, Inc. which are part of Morgan Stanley at Work. Securities products and services are offered by E*TRADE Securities LLC, Member SIPC. In connection with stock plan solutions offered by Morgan Stanley at Work, E*TRADE Securities LLC and Morgan Stanley Smith Barney LLC provide brokerage services to stock plan participants. E*TRADE Financial Corporate Services, Inc. and E*TRADE Securities LLC are separate but affiliated subsidiaries of Morgan Stanley.
Morgan Stanley Wealth Management is the trading name of Morgan Stanley Smith Barney LLC, a broker-dealer registered in the United States.
© 2022 Morgan Stanley Smith Barney LLC. SIPC member.
CRC 4897127 08/2022