Company Directory - Morgan Stanley Wealth Management
Company Details - Morgan Stanley Wealth Management
Morgan Stanley Wealth Management
WebsiteNew York, United States
Morgan Stanley Wealth Management is a division of Morgan Stanley that offers comprehensive financial services including investment management, financial planning, and advisory services to individuals, families, and institutions.
CCI Score
CCI Score: Morgan Stanley Wealth Management
-44.60
0.02%
Latest Event
Racial Discrimination Lawsuit at Morgan Stanley Wealth Management
Morgan Stanley Wealth Management is facing a racial discrimination lawsuit following an internal HR email regarding employment disputes. The suit raises serious concerns about the firm's treatment of workers and its commitment to fair and equitable labor practices.
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TOADIE
Morgan Stanley Wealth Management is currently rated as a Toadie.
Latest Events
- JAN012025
Morgan Stanley Wealth Management is facing a racial discrimination lawsuit following an internal HR email regarding employment disputes. The suit raises serious concerns about the firm's treatment of workers and its commitment to fair and equitable labor practices.
-70
Labor Relations and Human Rights Practices
March 29
The filing of a racial discrimination lawsuit against Morgan Stanley Wealth Management points to significant issues in labor relations and human rights practices. Such disputes signal a breakdown in protecting marginalized employees and ensuring an inclusive workplace environment, which is a negative outcome from an anti-fascist perspective.
Morgan Stanley hit with racial discrimination suit - Investment News
- DEC312024
Morgan Stanley & Co LLC disclosed that $50,000 was spent on lobbying activities during Q4 2024 on issues including financial regulatory reform, cannabis-related banking, tax reform, and cybersecurity. This expenditure reflects the company's active engagement in influencing policy decisions, raising concerns about corporate interference in democratic regulatory processes.
-70
Political Contributions and Lobbying Efforts
March 29
The reported $50,000 lobbying expenditure, though moderate, is indicative of corporate efforts to shape financial and regulatory policies. From an anti-fascist perspective, such political spending contributes to the undue influence of financial institutions in policy-making, which can undermine public accountability and democratic oversight.
Lobbying Update: $50,000 of MORGAN STANLEY & CO LLC lobbying was just disclosed
- DEC312024
A recent filing under the Lobbying Disclosure Act revealed that Morgan Stanley & Co LLC spent $50,000 on lobbying activities during Q4 2024, focusing on issues such as financial regulatory reform, banking regulation, tax policy, and cybersecurity, raising concerns about corporate influence over regulatory frameworks.
-40
Political Contributions and Lobbying Efforts
March 29
The disclosed $50,000 lobbying expenditure demonstrates an active effort to influence regulatory policies on issues central to financial oversight and reform. From an anti-authoritarian perspective, this kind of targeted corporate political activity raises concerns about the manipulation of policy to favor corporate interests over broader public welfare.
Lobbying Update: $50,000 of MORGAN STANLEY & CO LLC lobbying was just disclosed
- APR122024
US regulators are scrutinizing Morgan Stanley Wealth Management's anti‐money laundering controls and onboarding procedures. In response, the division has bolstered its defenses by enhancing compliance measures with new technology and artificial intelligence tools.
+30
Business Practices and Ethical Responsibility
March 29
The company is responding to regulatory concerns by improving its AML controls and compliance efforts. Strengthening internal practices and increasing transparency in handling financial crimes is a positive step toward ethical business practices.
Probe Into Morgan Stanley’s Wealth Arm Shows Scrutiny of AML
+20
Technology and Services Impact
March 29
By incorporating advanced technologies and artificial intelligence to improve its AML defenses, Morgan Stanley Wealth Management demonstrates a proactive approach. The use of innovative tech for compliance promotion supports anti-authoritarian interests in transparency and accountability.
Probe Into Morgan Stanley’s Wealth Arm Shows Scrutiny of AML
- JAN242024
Morgan Stanley published a policy statement detailing its approach to engaging in the legislative and regulatory process, including the public disclosure of all U.S. federal lobbying costs as required by law. The statement outlines the role of its Government Relations Department and executive oversight in managing political activities.
-30
Political Contributions and Lobbying Efforts
March 29
The policy highlights Morgan Stanley’s active involvement in political lobbying and contributions. While the company complies with legal disclosure requirements, the engagement in lobbying activities can be seen as reinforcing corporate influence over public policy, which from an anti‐fascist perspective may undermine democratic processes.
Morgan Stanley Corporate Political Activities Policy Statement
-20
Executive Political Engagement
March 29
The policy statement reveals the oversight exercised by senior executives, including the Chief Legal Officer and Chief Administrative Officer, in managing the firm’s political activities. This structured executive engagement reinforces corporate influence in political processes, contributing to an environment where corporate interests may unduly affect public policy.
Morgan Stanley Corporate Political Activities Policy Statement
- NOV092023
Morgan Stanley’s wealth management division is under investigation by the Federal Reserve for inadequate vetting of foreign clients and unresolved money laundering prevention issues, as reported by The Wall Street Journal.
-50
Business Practices and Ethical Responsibility
March 29
The investigation reveals persistent deficiencies in customer due diligence and anti-money laundering controls at Morgan Stanley Wealth Management. Repeated regulatory findings and the continuing need for corrective action underscore a troubling record in ethical business practices.
Morgan Stanley wealth management business faces Fed probe: report
- OCT102023
Morgan Stanley Wealth Management is facing a lawsuit from its former global head of diversity, Marilyn Booker, who alleges that the firm systematically discriminated against Black women by deprioritizing substantive diversity reforms while favoring the retention of White executives. The complaint cites reduced budget allocations for diversity initiatives and a dismissive leadership attitude as evidence of racial bias.
-80
Labor Relations and Human Rights Practices
March 29
The lawsuit highlights claims of systemic racial discrimination and unequal treatment within Morgan Stanley, particularly in the handling of Black employees and the lack of genuine commitment to diversity. Such practices undermine worker rights and contribute to a broader culture of exclusion, which is detrimental from an anti-fascist, human rights perspective.
Morgan Stanley Sued for Race Bias by Former Head of Diversity
- OCT012023
The EEOC has filed a lawsuit alleging systemic gender discrimination and retaliatory practices against women in Morgan Stanley's institutional equity division, including a case involving a former convertible bond sales representative. The firm denies the allegations, attributing the termination to misconduct.
-60
Labor Relations and Human Rights Practices
March 29
The lawsuit by the EEOC brings to light serious allegations of gender discrimination and retaliation, suggesting problematic labor practices that undermine the rights of women and other marginalized groups. Such practices run counter to principles of workplace fairness and ethical treatment of employees.
EEOC Files Discrimination Suit Against Morgan Stanley. Firm Denies Charges.
- JAN102023
Morgan Stanley Wealth Management settled a lawsuit filed by a former Black, Hispanic, and disabled wealth adviser alleging discrimination based on race, sex, disability, and related factors, ending the legal proceedings with a stipulation of dismissal.
-80
Labor Relations and Human Rights Practices
March 29
The settlement of a lawsuit alleging discrimination on the basis of race, sex, ethnicity, disabilities, and use of medical leave highlights severe issues in labor relations and human rights practices. Such discriminatory behavior against marginalized individuals reflects problematic business practices that undermine fair labor standards.
Morgan Stanley, Ex-Associate End Race, Sex, Disability Bias Suit
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Industries
- 523110
- Investment Banking and Securities Dealing
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- Other Financial Investment Activities
- 523930
- Investment Advice
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- Portfolio Management