Finance News

Morgan Stanley at Work to Acquire Leading Nonqualified Deferred Compensation Plan Provider American Financial Systems

Morgan Stanley at Work to Acquire Leading Nonqualified Deferred Compensation Plan Provider American Financial Systems

Morgan Stanley at Work 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:

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  • Plan Design Consulting: Helps assess a sponsor’s objectives alongside retirement plan consultants and financial advisors.
  • Plan Implementation and Online Enrollment: Provides a single point of contact to manage documentation, help get set-up on Deferral.com, and monitor participant enrollment.
  • Funding Analysis and Optimization: The business utilizes the latest versions of proprietary software to model various alternatives for meeting financial obligations.
  • Client Management and Plan Recordkeeping: Provides dedicated account manager to handle day-to-day processing, recordkeeping and support to maintain balances and reporting.

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“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 organizations,” 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.”

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