Morgan Stanley Wealth Management Enhances Premier Cash Management Program

Program recognizes and rewards clients for managing their day-to-day financial activities with the Firm, as an attractive alternative to traditional banks

New York —

Morgan Stanley Wealth Management today announced that it has made enhancements to its Premier Cash Management Program (Premier) which recognizes and rewards clients for managing their day-to-day financial activities with the Firm.  Morgan Stanley provides everyday cash management solutions as an attractive alternative to traditional banks, including direct deposit, check writing, online bill pay, mobile deposits, and a debit card with ATM access and fee rebates. 

Premier provides savings such as unlimited ATM fee rebates worldwide and no foreign transaction fees on the Morgan Stanley Debit Card and account and service fee waivers, for qualifying clients.  Morgan Stanley has also partnered with Experian® to provide Premier clients with a complimentary and comprehensive package of credit and identity protection benefits such as 3-bureau credit reports and monitoring, alerts, $1MM Identity Theft Insurance and more.  Premier clients also have access to U.S.-based cash management service professionals for all of their cash management servicing needs. 

The program launched in July 2016 and by the end of the year already had over 80,000 clients enjoying the program’s benefits.  Client feedback collected in the months following the launch has been extremely positive – 90 percent of Premier clients say the program is more rewarding than other financial firms.  *Clients have touted unlimited ATM fee rebates and identity protection as key benefits of the program. 

The Firm continues to refine and expand the program.  Recent key enhancements include expanding the account types and activities that qualify clients for inclusion in the program, making the benefits more accessible to a greater number of Morgan Stanley clients. 

“Today our enhanced suite of cash management solutions provides an attractive alternative to a traditional bank and complements our investing and lending offerings to help our clients more completely meet their financial needs and goals,” said Eric Heaton, Chief Executive Officer and President, Morgan Stanley Private Bank, National Association.  “With Premier, our clients receive exclusive access to a variety of enhanced benefits to make managing their everyday finances more rewarding.  And we are continually making the program better for our clients.” 

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. 

Morgan Stanley (NYSE: MS) is a leading global financial services firm providing investment banking, securities, wealth management and investment management services.  With offices in more than 42 countries, the Firm's employees serve clients worldwide including corporations, governments, institutions and individuals.  For more information about Morgan Stanley, please visit www.morganstanley.com. For more information about Premier Cash Management from Morgan Stanley, visit www.morganstanley.com/premier. 

©2017 Morgan Stanley Smith Barney LLC. Member SIPC.  Morgan Stanley Wealth Management is a business of Morgan Stanley Smith Barney LLC.   

*Cash Management Engaged Client Quantitative Survey (Jan 2017) 

Identity Theft Insurance underwritten by insurance company subsidiaries or affiliates of American International Group, Inc. (AIG). The description herein is a summary and intended for informational purposes only and does not include all terms, conditions and exclusions of the policies described. Please refer to the actual policies for terms, conditions, and exclusions of coverage. Coverage may not be available in all jurisdictions. Review the Summary of Benefits. 

Premier Cash Management is an incentive program that recognizes and rewards clients for choosing Morgan Stanley for their everyday cash management needs.  Clients must meet certain criteria in order to qualify for the Premier Cash Management program, and Morgan Stanley Smith Barney LLC reserves the right to change or terminate the program at any time and without notice.  Where appropriate, Morgan Stanley Smith Barney LLC has entered into arrangements with affiliated and non-affiliated parties to assist in offering certain products and services related to Premier Cash Management.  Please refer to the Premier Cash Management Terms and Conditions for further details. 

Morgan Stanley Premier Protection. This optional service is available to you at no charge and will provide credit report monitoring, identity protection, fraud resolution, and insurance protection. Services will be provided by Experian, a leading global credit reporting agency. Since this is an optional service it requires your enrollment, which can be completed by visiting Morgan Stanley Online or through the Experian-hosted website, available at www.morganstanley.com/premierprotection. Separate terms and conditions pertaining to the services from Experian will be provided to you when you enroll in the service. You will be responsible for understanding these separate terms and conditions, and you should review them carefully. Neither Morgan Stanley nor its affiliates is the provider of the Experian services and will not have any input or responsibility concerning the terms and conditions associated with the Experian services. Further, neither Morgan Stanley nor its affiliates shall be responsible for the content of any advice or services provided by Experian. Morgan Stanley or its affiliates may participate in transactions on a basis separate from Experian. Morgan Stanley or its affiliates may receive compensation in connection with referrals made to Experian.  Identity Theft Insurance is underwritten by insurance company subsidiaries or affiliates of American International Group, Inc. (AIG).The description herein is a summary and intended for informational purposes only and does not include all terms, conditions, and exclusions of the policies described. Please refer to the actual policies for terms, conditions, and exclusions of coverage. Coverage may not be available in all jurisdictions. 

The Morgan Stanley Debit Card is currently issued by UMB Bank, n.a., pursuant to a license from MasterCard International Incorporated. MasterCard and Maestro are registered trademarks of MasterCard International Incorporated. The third-party trademarks and service marks contained herein are the property of their respective owners. 

Morgan Stanley Smith Barney LLC is a registered Broker/Dealer, Member SIPC, and not a bank.  Where appropriate, Morgan Stanley Smith Barney LLC has entered into arrangements with banks and other third parties to assist in offering certain banking related products and services. 

Investment, insurance and annuity products offered through Morgan Stanley Smith Barney LLC are: NOT FDIC INSURED | MAY LOSE VALUE | NOT BANK GUARANTEED | NOT A BANK DEPOSIT | NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY 

Cash management and lending products and services are provided by Morgan Stanley Smith Barney LLC, Morgan Stanley Private Bank, National Association or Morgan Stanley Bank, N.A, as applicable. 

CRC 1737440-03/17

Media Relations: Christine Jockle, 914.225.6827

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