With an aim to expand the current insurance offerings, Morgan Stanley (MS - Free Report) has collaborated with HUB International, Marsh Private Client Services and Willis Towers Watson. Teaming up with these insurance brokers, Morgan Stanley plans to offer Property & Casualty insurance to its high net worth clients and their families in order to lessen potential risks associated with property loss and general liability.
Morgan Stanley’s traditional insurance services include life insurance, long-term care insurance and disability insurance, which it currently makes available through its Wealth Management Investment Solutions Insured Solutions business. This new arrangement is expected to complement the traditional insurance business.
Through the new arrangement, the insurance brokers will help Morgan Stanley’s clients assess their risk exposures and hence will provide them solutions to help protect their assets.
There will be policy reviews to ensure that clients are properly insured and their current policies are most appropriate for their needs. Also, clients will be alerted of situations for which extra precautions are required and there will be a streamlined approach for processing insurance claims.
Joseph Toledano, the head of Insured Solutions, Morgan Stanley Wealth Management Investment Solutions stated, “Our clients place a high priority on asset protection and by working with these industry-leading insurance brokers, Morgan Stanley can address their need for a comprehensive insurance strategy as part of their overall relationship.”
Notably, Morgan Stanley has been continuously taking several initiatives to restructure operations, with a goal of increasing reliable revenue sources. Hence, it has been focusing more on the Wealth Management segment, which is less dependent on the performance of the capital markets.
In fact, its all-stock deal to acquire E*TRADE Financial for $13 billion is expected to position it as a leader in the Wealth Management industry across all channels and wealth segments, with a significant increase in the scale and breadth of its franchise.
Shares of Morgan Stanley have lost 3.2% so far this year compared with the industry’s decline of 14%.
Currently, the company carries a Zacks Rank #3 (Hold).
A couple of better-ranked stocks from the same space are mentioned below.
TD Ameritrade Holding Corporation (AMTD - Free Report) witnessed an upward earnings estimate revision of 21.8% for the current fiscal year over the past 60 days. Its share price has fallen 22.8% over the past year. It currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Interactive Brokers Group, Inc.’s (IBKR - Free Report) current-year earnings has been revised 9.1% upward over the past 60 days. Its share price has increased 3.7% over the past twelve months. The company currently carries a Zacks Rank #2 (Buy).
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A select few stocks could skyrocket the most as rollout accelerates for this new tech. Early investors could see gains similar to buying Microsoft in the 1990s. Zacks’ just-released special report reveals 8 stocks to watch. The report is only available for a limited time.
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Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
With an aim to expand the current insurance offerings, Morgan Stanley (MS - Free Report) has collaborated with HUB International, Marsh Private Client Services and Willis Towers Watson. Teaming up with these insurance brokers, Morgan Stanley plans to offer Property & Casualty insurance to its high net worth clients and their families in order to lessen potential risks associated with property loss and general liability.
Morgan Stanley’s traditional insurance services include life insurance, long-term care insurance and disability insurance, which it currently makes available through its Wealth Management Investment Solutions Insured Solutions business. This new arrangement is expected to complement the traditional insurance business.
Through the new arrangement, the insurance brokers will help Morgan Stanley’s clients assess their risk exposures and hence will provide them solutions to help protect their assets.
There will be policy reviews to ensure that clients are properly insured and their current policies are most appropriate for their needs. Also, clients will be alerted of situations for which extra precautions are required and there will be a streamlined approach for processing insurance claims.
Joseph Toledano, the head of Insured Solutions, Morgan Stanley Wealth Management Investment Solutions stated, “Our clients place a high priority on asset protection and by working with these industry-leading insurance brokers, Morgan Stanley can address their need for a comprehensive insurance strategy as part of their overall relationship.”
Notably, Morgan Stanley has been continuously taking several initiatives to restructure operations, with a goal of increasing reliable revenue sources. Hence, it has been focusing more on the Wealth Management segment, which is less dependent on the performance of the capital markets.
In fact, its all-stock deal to acquire E*TRADE Financial for $13 billion is expected to position it as a leader in the Wealth Management industry across all channels and wealth segments, with a significant increase in the scale and breadth of its franchise.
Shares of Morgan Stanley have lost 3.2% so far this year compared with the industry’s decline of 14%.
Currently, the company carries a Zacks Rank #3 (Hold).
A couple of better-ranked stocks from the same space are mentioned below.
TD Ameritrade Holding Corporation (AMTD - Free Report) witnessed an upward earnings estimate revision of 21.8% for the current fiscal year over the past 60 days. Its share price has fallen 22.8% over the past year. It currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Interactive Brokers Group, Inc.’s (IBKR - Free Report) current-year earnings has been revised 9.1% upward over the past 60 days. Its share price has increased 3.7% over the past twelve months. The company currently carries a Zacks Rank #2 (Buy).
Biggest Tech Breakthrough in a Generation
Be among the early investors in the new type of device that experts say could impact society as much as the discovery of electricity. Current technology will soon be outdated and replaced by these new devices. In the process, it’s expected to create 22 million jobs and generate $12.3 trillion in activity.
A select few stocks could skyrocket the most as rollout accelerates for this new tech. Early investors could see gains similar to buying Microsoft in the 1990s. Zacks’ just-released special report reveals 8 stocks to watch. The report is only available for a limited time.
See 8 breakthrough stocks now>>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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