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Discover new trends, fresh ideas and unique perspectives to help motivate your employees and fuel your company’s next stage.

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How are you staying up-to-date? Discover new trends, ideas and unique perspectives to help motivate your employees and fuel your company’s next stage.

 

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Tips for Your Employees Educating the Next Generation

Tanya Van Court: If we believe that doing better for our kids does not mean giving more to our kids, but instead means giving more education and financial knowledge to our kids so that they can do better for themselves, then that puts us in a completely different mindset. When we want to teach our kids about the power of compound interest and building wealth, we've got to include that conversation about investing and we need to include it early on.

Elizabeth Chand: If needed, reach out to a third party to help facilitate. I'll tell you as a mom, I can say the same thing 20 times, but sometimes if that third party comes in, it's suddenly like the best idea ever.

Paul Stam: Using investment accounts for educational purposes is valuable as well. Why not set up a Roth IRA with your child? The child will be the owner of the account. You'll invest over time, but you'll use the account as an educational tool. So you'll teach the child about stocks, bonds, ETFs, mutual funds, and the child will learn the basic concepts of investing such as asset allocation and diversification.

Elizabeth Chand: weave it into the day to day. Talk to them about what you're saving for, what your goals.

Tanya Van Court: They have to understand that investing is a core principle for their entire lives.

Elizabeth Chand: Just know that there are others that can help you through that process.

Morgan Stanley at Work

Morganstanley.com/atwork

Disclosures: The investments listed may not be appropriate for all investors. Morgan Stanley Smith Barney LLC recommends that investors independently evaluate particular investments, and encourages investors to seek the advice of a financial advisor. The appropriateness of a particular investment will depend upon an investor's individual circumstances and objectives.

When Morgan Stanley Smith Barney LLC, its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors (collectively, “Morgan Stanley”) provide “investment advice” regarding a retirement or welfare benefit plan account, an individual retirement account or a Coverdell education savings account (“Retirement Account”), Morgan Stanley is a “fiduciary” as those terms are defined under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), and/or the Internal Revenue Code of 1986 (the “Code”), as applicable. When Morgan Stanley provides investment education, takes orders on an unsolicited basis or otherwise does not provide “investment advice”, Morgan Stanley will not be considered a “fiduciary” under ERISA and/or the Code. For more information regarding Morgan Stanley’s role with respect to a Retirement Account, please visit www.morganstanley.com/disclosures/dol. Tax laws are complex and subject to change. Morgan Stanley does not provide tax or legal advice. Individuals are encouraged to consult their tax and legal advisors (a) before establishing a Retirement Account, and (b) regarding any potential tax, ERISA and related consequences of any investments or other transactions made with respect to a Retirement Account.

Asset allocation, diversification and rebalancing do not assure a profit or protect against loss. There may be a potential tax implication with a rebalancing strategy. Please consult your tax advisor before implementing such a strategy.

Morgan Stanley at Work services are provided by Morgan Stanley Smith Barney LLC, member SIPC, and its affiliates, all wholly owned subsidiaries of Morgan Stanley.

© 2022 Morgan Stanley Smith Barney LLC. Member SIPC.

CRC 4758839 (05/2022)

Financial Wellness A New Approach to Financial Wellness

A New Approach to Financial Wellness

Financial wellness is about the state of improving ones relationship with their finances. Financial stress can look very differently depending on the employee that we’re working with. It may be having student debt levels that’s really high. It may be coupled with living in a high cost city. And the importance of that is we want to make sure that money is not a source of stress, but is actually quite the opposite. It can be a source of confidence, of empowerment.

What does a modern financial wellness program look like?

Financial wellness is incredibly important because it comes back to taking care of your people. Our full suite of financial wellness offerings consists of three areas. We have an education program which is really grounded on understanding your finances and building acumen around investing. We do this secondly through providing advice. This is a personalized roadmap to plan for your future. And thirdly, it’s about providing solutions. For every employee, once we have a plan in place, taking action and have the resources they need to help reach their goals.

How can business take a customized approach to financial wellness?

We know that creating a customized financial wellness program is incredibly important, but we also know that there’s challenges for organizations that may have a diverse population.

The programs should be designed according to the needs of the organization and the needs of the people. By serving your population and hearing and taking in the questions they may have, we can start to identify trends based on different segments.

How can financial wellness help recruitment and retention?

Employees or future employees are asking employers do they an offer of financial wellness benefits. So those companies and organizations that do have these benefits can attract new talent to their organizations.

Why is human capital so important for organizations?

Human capital is one of the most, if not the most powerful assets that firms have. When they invest in their people, their people benefit but so do the companies and even down to the customers that they serve.So with the Morgan Stanley Financial Wellness Program, we’re the connective tissue helping employees understand where they currently are and how to make the most of their benefits.

Financial Wellness Financial Wellness at Work

Financial wellness is first providing education about how to best manage your personal finances to achieve your financial goals, and then creating a pathway to help you achieve that.

(Super/Animated Title) Financial Wellness at Work in :60

Title Sequence: The Morgan Stanley Minute

(VO) I am Jed Finn, Head of Corporate and Institutional Solutions, Wealth Management.

(Super/Animated Title) I am Jed Finn

Head of Corporate and Institutional Solutions, Wealth Management

Employees from companies both large and small say that their finances are their greatest source of stress, more than their work situation, health issues or even family issues.

The research shows that there’s a clear link between financial stress and poor productivity in the workplace.

Half of the employees who we interviewed spend more than they earn each month, while 40 % say they don’t have enough savings to cover even three months of expenses, no matter what their income levels are.

Super: Source: Financial Health Network, Better for Employees, Better for Business: The Case for Employers to Invest in Employee Financial Health, May 2019.

Firms that invest in financial wellness resources for employees will clearly set themselves apart in the marketplace.

If you’re not on board with delivering financial wellness at work, you risk less productive employees and you risk losing the war for talent.

I am Jed Finn and we are Morgan Stanley.

Super/Animated Logo: WE ARE Morgan Stanley

Financial Wellness How Businesses Can Navigate the New Normal

The goal coming through this period of time that we’re facing right now is not just to get through it.  It’s to figure out how do we thrive in this environment?  And we have plenty of potential to do that.  We believe that if employees are thriving at work, it’s going to help you attract and retain the best talent. 

Q: What is the role of leadership in the new normal? (on-screen text)

And in my mind, leadership is a support role and that’s never more true than during a period of time like this.  But our ability to set the stage and to have that patience and thoughtfulness and empathy for one another will really help us engage as a culture and get through this period of time.  It’s going to be a new normal. 

Q: How have leaders made adjustments to the way we work? (on-screen text)

Our leaders are used to being able to bring their team to a huddle and gather around and share information.  That has all changes with the work from home or remote work environment.  And so we have to find new ways to create those huddles and maybe we do that through video conferencing every morning or a 15 minute check in. 

Q: How have leaders made adjustments to the way we work? (on-screen text)

During periods like this, employers often forget about things like career development, or training, or mentorship.  I would say it’s time to double down on those things in order to feel like they’re continuing to not pause during this period of time, but continue to grow and develop as an individual.

Q: How can remote work improve diversity and inclusion? (on-screen text)

If you are able to work from home, you can hire a more diverse work force from across the country, across the globe for that matter.  It also allows us to tap into a diverse workforce or diverse pool of talent, such as those that are disabled.  It will make us stronger as a culture and make us stronger as an employer. Our team at Morgan Stanley at Work is here to really partner with you to help your employees manage their enterprise level needs in a way that also keeps their employees very engaged.  Their ability to grow and develop as individuals will help kind of paint that picture of what our culture can be like on the other side of this pandemic.

Empower Your Workforce

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