In 2016, Morgan Stanley first entered into a partnership with Solium where they worked to administer a number of equity-compensation places for both employees as well as corporate clients. This long-term relationship led to the merger. By purchasing Solium, Morgan Stanley will add nearly 3,000 stock-plan clients as well as 1 million participants into its coffer which previously consisted of only 320 clients.
“This acquisition provides Morgan Stanley with broader access to corporate clients and a direct channel to their employees,” as said by Chief Executive Officer James Gorman who also suggests that it is, “A greater opportunity to establish and develop relationships with a younger demographic and service this population early in their wealth accumulation years.”
Through this unique combination, Morgan Stanley will develop into one of the top providers of stock plan administration services as well as a more-accurate manager of Workplace Wealth. Because Solium boasts an impressive cloud-based service platform along with an inventive business-to-business salesforce, their overall range of services will both strengthen and compliment Morgan Stanley’s.
