Morgan Stanley at Work, the wirehouse’s workplace solutions provider, has acquired American Financial Systems, a Waltham, Massachusetts-based firm that specializes in nonqualified executive benefit plans.
The acquisition is expected to close in the fall; the terms were not disclosed.
Adding American Financial Systems’ expertise in executive benefit plans to the financial giant’s already diverse offering “creates a powerful value proposition for plan sponsors and their participants,” Morgan Stanley said in a release.
Driven by robust transaction activity amid market turbulence and increased focus on billion-dollar plus targets, Echelon Partners expects another all-time high in 2025.
The looming threat of federal funding cuts to state and local governments has lawmakers weighing a levy that was phased out in 1981.
The fintech firms' new tools and integrations address pain points in overseeing investment lineups, account monitoring, and more.
Canadian stocks are on a roll in 2025 as the country prepares to name a new Prime Minister.
Carson is expanding one of its relationships in Florida while Lido Advisors adds an $870 million practice in Silicon Valley.
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As inheritances are set to reshape client portfolios and next-gen heirs demand digital-first experiences, firms are retooling their wealth tech stacks and succession models in real time.
