Morgan Stanley Opens AI Access to 3,400 Wealth Clients as Wall Street Tests External Agents
Updated
Updated · CNBC · Jun 3
Morgan Stanley Opens AI Access to 3,400 Wealth Clients as Wall Street Tests External Agents
3 articles · Updated · CNBC · Jun 3
Summary
3,400 administration clients will gain access by next year to let external AI agents connect directly to Morgan Stanley’s ShareWorks and Equity Edge platforms, with a handful already using the capability.
The bank says agentic access will let corporate clients manage increasingly complex stock-compensation plans and pull data without adding HR or support staff, while Morgan Stanley scales service without hiring “thousands and thousands” more employees.
ShareWorks and Equity Edge sit at the center of a workplace strategy that Morgan Stanley said in April helped gather $1.2 trillion in assets for its wealth business.
At $7.35 trillion in client assets, Morgan Stanley’s wealth unit is the world’s largest, and the bank is betting proprietary data matters more than keeping clients inside traditional software interfaces.
The move makes Morgan Stanley one of the first major Wall Street banks to open systems to outside AI agents; rivals such as JPMorgan and Goldman have so far focused on internal uses.