Benefits of the New Morgan Stanley Access Direct Account
This topic was initially slated as a session at Synergy 2020 in Austin, TX – our plans changed, but the quality of our content didn’t, and we want to share it with the public as an evergreen resource. Learn more about Synergy here.
What is the Morgan Stanley Access Direct Account?
The Access Direct Account is an exciting evolution in our Shareworks by Morgan Stanley platform. Access Direct is an online, self-directed brokerage account for US-based stock plan participants. From building an investment portfolio to managing your everyday finances, the Morgan Stanley Access Direct account gives you the flexibility to do more with your stock plan proceeds.1
The account is truly about providing your participants with an array of options, if they should choose to take advantage of it.
- Automatic transfer of transaction proceeds from stock plan sales to the account
- Access to a broad range of digital cash management solutions such as online payments, Send Money with Zelle®, etc.
- Morgan Stanley Debit Card with up to $200 in annual global ATM fee rebates
- Unlimited check writing
- Access to a simple-yet sophisticated trading platform on desktop or mobile
- Performance reporting, watch lists and other online tools
- Access to insights, research and data from Morgan Stanley’s investment professionals
- $0 commissions for online stock and ETF trades
- No account minimums
For more information on pricing for Morgan Stanley Access Direct, check our pricing details here.
The enhanced structure will give participants new features:
- Long shares or cash from a transaction (including a private company liquidity event) will now sit in the Access Direct Account
- The Access Direct Account will be linked to the participant’s Shareworks homepage
Although the new Access Direct Account offers access to new features, there are still a number of things that won’t change for you and your participants, including how you both use Shareworks. All of your operational workflows in Shareworks will remain the same as well (including reporting, vesting events, and release process workflows).
This is a structural change designed to deliver greater flexibility and management over equity awards at the participant level. If you’re a current client, you’ll receive specific communication about the timeline for the change, the participant experience, and what to expect in the near- to long-term.
If you’re not yet a client, but want to learn more about the Access Direct Account as part of the comprehensive Shareworks solution, request a demo today.
1 For more information on pricing for Morgan Stanley Access Direct, check our pricing details at https://www.morganstanley.com/what-we-do/wealth- management/morgan-stanley-access-direct/pricing-details.
NOT ALL PRODUCTS AND SERVICES ARE AVAILABLE IN ALL JURISDICTIONS OR COUNTRIES.
Morgan Stanley Access Direct is a self-directed online brokerage account for U.S. residents where trading and other account activities are undertaken at the client’s sole discretion without access to a Financial Advisor. There are no minimum balance requirements or account maintenance fees associated with the account (other fees may apply), and a client’s interaction with Morgan Stanley will be primarily through electronic communications and online resources. Please consider opening a full-service brokerage account if you would prefer to receive the investment guidance and assistance of a Financial Advisor.
Morgan Stanley Smith Barney LLC recommends that investors independently evaluate particular account types, investments and strategies, and encourages investors to seek the advice of a Financial Advisor. The appropriateness of a particular account type, investment or strategy will depend on an investor’s individual circumstances and objectives.
Equity securities may fluctuate in response to news on companies, industries, market conditions and general economic environment. Companies paying dividends can reduce or stop payouts at any time.
An investment in an exchange-traded fund involves risks similar to those of investing in a broadly based portfolio of equity securities traded on exchange in the relevant securities market, such as market fluctuations caused by such factors as economic and political developments, changes in interest rates and perceived trends in stock prices. The investment return and principal value of ETF investments will fluctuate, so that an investor's ETF shares, if or when sold, may be worth more or less than the original cost.
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Send Money with Zelle® is available on the Morgan Stanley Mobile App for iPhone and Android. Enrollment is required and dollar and frequency limits may apply. Domestic fund transfers must be made from an eligible account at Morgan Stanley Smith Barney LLC (Morgan Stanley) to a US-based account at another financial institution. Morgan Stanley maintains arrangements with JP Morgan Chase Bank, N.A. and UMB Bank, N.A. as NACHA-participating depository financial institutions for the processing of transfers on Zelle. Data connection required, and message and data rates may apply, including those from your communications service provider. Must have an eligible account in the U.S. to use Zelle. Transactions typically occur in minutes when the recipient’s email address or U.S. mobile number is already enrolled with Zelle. See the Send Money with Zelle® terms for details.
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Electronic payments arrive to the payee within 1-2 business days, Check payments arrive to the payee within 5 business days. Same-day and overnight payments are available for an additional fee within the available payment timeframes.
Reserved clients are eligible for unlimited global ATM fee rebates. All other clients are eligible for up to $200 in annual global ATM fee rebates.
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Shareworks by Morgan Stanley services for public companies are provided by Solium Financial Services LLC and Morgan Stanley Smith Barney LLC, members SIPC, and their affiliates, all wholly-owned subsidiaries of Morgan Stanley. Shareworks by Morgan Stanley fund transfer services for private companies are provided by Solium Financial Services LLC.
CRC 3077106 (05/2020)