Morgan Stanley Wins Three 2024 Technology Awards in Generative AI, Fractional Shares, and Portfolio Risk Management
27 März 2024 - 3:30PM
Business Wire
Morgan Stanley (NYSE: MS) announced today that it has won three
2024 Celent Model Awards recognizing the Firm’s innovative use of
technology. The awards include a Model Wealth Manager Award for its
AI @ Morgan Stanley Assistant in the Essential and Emerging
Technologies category, a Model Wealth Manager Award for its
Fractional Share program in the Personalization category, and a
Model Risk Manager Award for its Portfolio Risk Platform in the
Data and Analytics category.
“Being recognized by Celent for innovation in three categories
is a true honor,” said Jed Finn, Head of Morgan Stanley Wealth
Management. “These awards reflect our expertise in leveraging
technology to create tech-forward products and solutions for the
benefit of our clients and Financial Advisors.”
Celent’s Model Wealth Manager awards recognize best practices of
technology usage in different areas critical to success in wealth
management and is the main award that a financial firm in the
industry can receive from Celent. Celent’s Model Risk Manager award
category recognizes best practices use of technology in financial
risk management, operational risk management, cross risk, and
financial crime.
The AI @ Morgan Stanley Assistant leverages Open AI’s large
language model to analyze and synthesize complex information in
seconds and to summarize answers for Financial Advisors in an
easily digestible format. Designed specifically for and by Morgan
Stanley with appropriate controls, AI @ Morgan Stanley Assistant
empowers Financial Advisors to ask questions and evaluate large
amounts of Morgan Stanley’s world-renowned intellectual
capital.
Morgan Stanley’s enhanced Select Unified Managed Account (UMA®)
platform offers fractional shares holding capability for Separately
Managed Accounts (SMAs) and Exchange-Traded Funds (ETFs).
Fractional Shares allow access to more tax efficient vehicles and
professional management with lower initial minimum investments. It
also increases the opportunity for diversification* by allowing
investors to hold more positions and asset classes within their
portfolio.
Morgan Stanley’s Portfolio Risk Platform and the risk analytics
integrated into their proprietary platform applications help its
Financial Advisors leverage dynamic risk insights across thousands
of risk factors. Built in partnership with BlackRock and powered by
Aladdin®, Financial Advisors are able to instantly analyze an
entire book of business, including assets held away, which helps
identify and mitigate risk in client portfolios.
For more information about Morgan Stanley’s Celent Award honors
as well as a full list of this year’s honorees, please visit
https://www.celent.com/insights/523504018 and
https://www.celent.com/insights/857747082.
About Morgan Stanley Wealth Management
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, cash management
and lending products and services, annuities and insurance,
retirement and trust services.
About Morgan Stanley
Morgan Stanley (NYSE: MS) is a leading global financial services
firm providing a wide range of investment banking, securities,
wealth management and investment management services. With offices
in 42 countries, the Firm’s employees serve clients worldwide
including corporations, governments, institutions and individuals.
For further information about Morgan Stanley, please visit
www.morganstanley.com.
# # #
The Celent Model Wealth and Risk Manager 2024 Awards for Data
and Analytics, Essential and Emerging Technologies, and
Personalization, were granted to Morgan Stanley Smith Barney LLC
(“Morgan Stanley”) following an evaluation process conducted by
Celent analysts. To be considered for this award, Morgan Stanley
submitted Model Wealth Manager and Model Risk Manager 2024
Nomination Award Worksheets to Celent on or about October 2023.
Celent judged each submission on three criteria: (1) Measurable
business benefits of live initiatives; (2) degree of innovation
relative to the industry; and (3) technology or implementation
excellence. In order to win, the initiatives must demonstrate clear
business benefits, innovation, and technology or implementation
excellence.
Celent does not receive compensation from the participating
firms in exchange for the award and Morgan Stanley did not pay a
fee to Celent in exchange for the award. Morgan Stanley is not
affiliated with Celent. Based on their submission in October 2023
for Celent’s 2024 Model Awards program, Celent granted Morgan
Stanley their awards in January 2024 and publicly shared the news
in March 2024. Celent is a global financial services research and
advisory firm and is responsible for determining the recipient of
this award.
Morgan Stanley does not provide tax or legal advice. Financial
Advisors should encourage their clients to consult his/her personal
tax and/or legal advisor to learn about any potential tax or other
implications that may result from acting on a particular
recommendation.
Morgan Stanley provides certain products or services supported
by AI via an arrangement with OpenAI LLC (OpenAI), an unaffiliated
party. Morgan Stanley employees using such products or services are
bound by all applicable policies and procedures. Morgan Stanley is
not responsible for products and service offered by OpenAI on a
basis separate from its arrangement with Morgan Stanley
The Portfolio Analysis report (“Report”) is generated by Morgan
Stanley Smith Barney LLC’s (“Morgan Stanley”) Portfolio Risk
Platform. The assumptions used in the Report incorporate portfolio
risk and scenario analysis employed by BlackRock Solutions (“BRS”),
a financial technology and risk analytics provider that is
independent of Morgan Stanley. BRS’ role is limited to providing
risk analytics to Morgan Stanley, and BRS is not acting as a
broker-dealer or investment adviser, nor does it provide investment
advice with respect to the Report. Morgan Stanley has validated and
adopted the analytical conclusions of these risk models.
This material has been prepared without consideration of the
investment objectives, risk tolerance or financial circumstances of
any specific investor. Before making a recommendation, the
Financial Advisor or Private Wealth Advisor must have a reasonable
basis for such a recommendation, and take into account the client's
circumstances, objectives and risk tolerance to ensure it is
appropriate for the client.
*Diversification does not guarantee a profit or protect against
loss in a declining financial market
©2024 Morgan Stanley Smith Barney LLC. Members SIPC.
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