Leveling up Financial Benefits in the Workplace with Brian McDonald

Businesses are often focused on client retention, but employee retention is equally as important. In order to retain top talent, employers need to support employees' financial needs and offer them holistic financial benefits, regardless of their stage of life or current career trajectory.  
Brian McDonald, Head of Morgan Stanley at Work, is committed to bringing employees comprehensive solutions that give them financial security and confidence. His mission is also to help employers invest in and retain their top talent. Morgan Stanley has been a key player guiding businesses for over 85 years, but their customized solutions have recently reached the next level through guidance, education, and technology. 
This week, Brian talks to Jack about Morgan Stanley’s wealth management strategy, why employees are seeking holistic financial benefits, and what’s next for Brian and Morgan Stanley. 

Key Takeaways

[01:24] - An overview of Morgan Stanley’s wealth management strategy.

[03:15] - What differentiates Morgan Stanley from its competitors?

[04:28] - What Brian is working on at Morgan Stanley.

[14:08] - Brian’s experience building the infrastructure of comprehensive workplace business.

[20:36] - Morgan Stanley’s involvement in the private markets landscape.

[24:40] - What’s next for Morgan Stanley? 

[29:07] - Brian’s key takeaways.

[30:37] - How Brian spends his time outside of work.

Quotes
[03:20] - “We believe what differentiates us from our competitors is we have the intellectual capital, our product suite, an offering with the ability to do alts, all the way down now to the self-directed investor that might just be getting started.” ~ Brian McDonald
[21:23] - “Private market clients are staying private for about 12 years now, which used to be two or three years just 10 years ago. Because of that, they still have to attract and retain talent. One way you need to do that is to be able to provide liquidity to those employees that you have on staff, as well as your investors.” ~ Brian McDonald
[29:11] - “The workplace is the key story to watch over the next five years in wealth management, in the industry at large, and certainly within Morgan Stanley.” ~ Brian McDonald

Links

Brian McDonald on LinkedIn

Morgan Stanley

Charles Schwab

E*TRADE

Vestwell

Equity Edge Online | Stock Plan Administration Platform | E*TRADE

American Financial Systems

Empower

Connect with our hosts

LifeYield

Jack Sharry on LinkedIn

Jack Sharry on Twitter

Subscribe and stay in touch

Apple Podcasts

Spotify

LinkedIn

Twitter

Facebook

Businesses are often focused on client retention, but employee retention is equally as important. In order to retain top talent, employers need to support employees' financial needs and offer them holistic financial benefits, regardless of their stage of life or current career trajectory.  

Brian McDonald, Head of Morgan Stanley at Work, is committed to bringing employees comprehensive solutions that give them financial security and confidence. His mission is also to help employers invest in and retain their top talent. Morgan Stanley has been a key player guiding businesses for over 85 years, but their customized solutions have recently reached the next level through guidance, education, and technology. 

This week, Brian talks to Jack about Morgan Stanley’s wealth management strategy, why employees are seeking holistic financial benefits, and what’s next for Brian and Morgan Stanley. 

Key Takeaways

[01:24] - An overview of Morgan Stanley’s wealth management strategy.
[03:15] - What differentiates Morgan Stanley from its competitors?
[04:28] - What Brian is working on at Morgan Stanley.
[14:08] - Brian’s experience building the infrastructure of comprehensive workplace business.
[20:36] - Morgan Stanley’s involvement in the private markets landscape.
[24:40] - What’s next for Morgan Stanley? 
[29:07] - Brian’s key takeaways.
[30:37] - How Brian spends his time outside of work.

Quotes

[03:20] - “We believe what differentiates us from our competitors is we have the intellectual capital, our product suite, an offering with the ability to do alts, all the way down now to the self-directed investor that might just be getting started.” ~ Brian McDonald

[21:23] - “Private market clients are staying private for about 12 years now, which used to be two or three years just 10 years ago. Because of that, they still have to attract and retain talent. One way you need to do that is to be able to provide liquidity to those employees that you have on staff, as well as your investors.” ~ Brian McDonald

[29:11] - “The workplace is the key story to watch over the next five years in wealth management, in the industry at large, and certainly within Morgan Stanley.” ~ Brian McDonald

Links

Brian McDonald on LinkedIn
Morgan Stanley
Charles Schwab
E*TRADE
Vestwell
Equity Edge Online | Stock Plan Administration Platform | E*TRADE
American Financial Systems
Empower

Connect with our hosts

LifeYield
Jack Sharry on LinkedIn
Jack Sharry on Twitter

Subscribe and stay in touch

Apple Podcasts
Spotify
LinkedIn
Twitter
Facebook