Nasdaq Private Market and Morgan Stanley Wealth Management to Launch Wealth Management Education and Services Initiative
18 August 2015 - 12:00AM
Business Wire
New Program Will Serve Participants in Private Company Liquidity
Programs
The Nasdaq Private Market, LLC and Morgan Stanley Wealth
Management (MSWM) today announced a joint initiative to make
available wealth management education and services to employees and
participants in private company liquidity programs.
Wealth management services will be offered by MSWM’s Palo Alto
Group, led by Mark Curtis and Karen McDonald, a leading financial
advisor team focused on the reinvestment of liquidation proceeds
from employee stock plans. The Palo Alto Group will work with
founders and employees who seek wealth management services
following their participation in a liquidity program on the Nasdaq
Private Market platform.
“At Nasdaq Private Market, we are always looking for
opportunities to assist our client companies in effectively
managing their equity ownership and further enhancing their
relationships with employees and other shareholders,” said Carine
Schneider, President of Equity Solutions, Nasdaq Private Market.
“We believe Morgan Stanley Wealth Management can provide an
important service to employees of those companies, many of whom may
be experiencing a significant wealth event for the first time.”
Nasdaq Private Market offers a range of solutions to help
private companies enable their founders, employees and other
shareholders to sell a portion of their shares in a
company-controlled program.
“In a growing trend, companies are staying private longer and
are arranging for structured liquidity programs for employees and
other shareholders who wish to sell non-public equity ownership
interests for diversification and other purposes,” said Marc
Brookman, Head of Institutional Products and Sales for Morgan
Stanley Wealth Management. “This initiative will give these
individuals access to financial education and services from a team
of financial professionals with a strong track record in this
area.”
About Nasdaq Private Market:
Nasdaq Private Market is the premier equity services provider to
private companies. Our end-to-end solution enables private
companies to digitize, integrate, and control all of their
equity-related functions, including cap table management,
shareholder liquidity, investor relations, and capital raising.
Whether a company seeks to optimize an eventual IPO or remain
private permanently, Nasdaq Private Market provides comprehensive
capital market support to meet its needs. For certain eligible
investors and shareholders, Nasdaq Private Market is a place to
discover and engage with some of the most exciting private
companies. The NASDAQ Private Market, LLC is not: (a) a registered
exchange under the securities exchange act of 1934; (b) a
registered investment adviser under the investment advisers act of
1940; or (c) a financial or tax planner, and does not offer legal
advice to any user of the NASDAQ Private Market website.
Securities-related services are offered through NPM Securities,
LLC, a registered broker-dealer and alternative trading system,
which is a member FINRA/SIPC and a wholly-owned subsidiary of the
NASDAQ Private Market, LLC. Securities offered through NPM
Securities, LLC are not listed or traded on the NASDAQ Stock Market
LLC, nor are the securities subject to the same listing or
qualification standards applicable to securities listed or traded
on the NASDAQ Stock Market LLC. To learn more, visit
www.npm.com.
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, banking services,
annuities and insurance, retirement and trust services.
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 more than 43 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.
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version on businesswire.com: http://www.businesswire.com/news/home/20150817005089/en/
Nasdaq Private Market Media:Will Briganti,
646-441-5012william.briganti@nasdaq.comorMorgan Stanley Wealth
Management Media:Christine Jockle,
914-225-6827christine.jockle@morganstanley.com
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