New services available on fund selection and asset allocation
programs for Plan Sponsors
NEW YORK--(BUSINESS WIRE)--
Morgan Stanley Wealth Management today announced that it has expanded
its defined contribution retirement plan advisory services offering to
include a new discretionary investment program. The new program enables
Morgan Stanley’s Corporate Retirement Directors and Graystone
Institutional Consulting Directors to assume certain fiduciary
responsibilities assisting plan sponsors with complex investment
selection and asset allocation decisions.
Morgan Stanley can assume responsibility for the discretionary selection
and monitoring of investment options within a plan’s investment lineup.
In addition, plan sponsors may choose to utilize Morgan Stanley’s
strategic risk-based models or target date model portfolios to provide
plan participants with important asset allocation tools.
The new target date models have been developed by Morgan Stanley Wealth
Management’s Global Investment Committee and feature three unique
allocation solutions or “glide paths” that adjust the equity and
fixed-income allocations as participants get closer to retirement.
According to Mike Wilson, Chief Investment Officer, Chair of the Global
Investment Committee and Head of Research for Morgan Stanley Wealth
Management, “There’s a need to recognize that one size doesn’t fit all.
Different plans have different circumstances, and that means a different
complexion of risk for participants.”
Each of the three allocation options offer protection against different
risks that participants are likely to face over time and during
retirement. One option offers a greater hedge against longevity and
shortfall risk, another option hedges against inflation risk and market
risk and the third looks to strike a dynamic balance between inflation
and longevity risks. These discretionary offerings help plan sponsors
get the optimal value for the benefit dollars spent.
“As a leader in the corporate defined contribution marketplace, Morgan
Stanley is committed to investing in the tools that innovate and expand
our services. This is one of the many services that we are developing to
help our clients achieve a successful retirement,” commented Marc
Brookman, Head of Graystone Consulting and Institutional Consulting at
Graystone Consulting, a business of Morgan Stanley, provides a complete
range of investment consulting services to institutional clients, which
include corporations, endowments and foundations, health care
organizations, insurance entities, state and local governments,
Taft-Hartley funds and family offices. Tailored investment advice is
delivered by Institutional Consulting Directors, experienced investment
professionals who are backed by a dedicated consulting team and the
broad resources of Morgan Stanley. For further information, please visit www.morganstanley.com/graystoneconsulting.
Morgan Stanley Wealth Management, a global leader, 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, banking services, annuities and
insurance, retirement and trust services.
Morgan Stanley (NYSE: MS) is a leading global financial services firm
providing a wide range of investment banking, securities, investment
management and wealth management services. The Firm's employees serve
clients worldwide including corporations, governments, institutions and
individuals from more than 1,200 offices in 43 countries. For further
information about Morgan Stanley, please visit www.morganstanley.com.
© 2014 Morgan Stanley Smith Barney LLC. Member SIPC
Christy Jockle, 914-225-6827
Source: Morgan Stanley