Episodes

  • Invested at Work: Off the Cuff With Charly Kevers

    Invested at Work: Off the Cuff With Charly Kevers
    Oct 26 2026

    Where can AI accelerate IPO preparation, and where is human judgment most important?


    CFO of Carta, Charly Kevers, shares his take on when to use AI before going public, what questions

    CEOs should ask their CFOs sooner and why keeping employees focused on the business is the best

    IPO preparation companies can do. Plus, what an IPO means to him. Hint: It’s not an exit.


    This is Invested at Work: Off the Cuff. Rapid-fire questions and candid answers to meet the leader behind

    the title.


    To hear the full story of how Charly supports clients in navigating the human and financial side of major

    liquidity events, check out his full interview with host Rodney Bolden, available right now in your feed.

    For more conversations on the future of workplace financial benefits, make sure to follow or subscribe to

    Invested at Work. Share this episode with a colleague, and visit us at morganstanley.com/atwork to

    unlock the power of your organization's benefits.


    Visit Carta.com for private market financial infrastructure solutions.


    Visit MorganStanley.com/atwork for more insights on workplace financial benefits.


    Invested at Work is brought to you by Morgan Stanley at Work, hosted by Rodney Bolden. Our executive

    producers are Fiona Kelsey and Lisa Boyce, and our associate producer is Ive Jones. Our production

    partner is Sequel Media Inc.


    Disclosures:

    This material is for informational and educational purposes only. It is not individually tailored investment, legal or tax

    advice; a recommendation to buy, sell, hold or transact in any security or strategy; or an offer or solicitation.

    The guest speaker is not an employee of or affiliated with Morgan Stanley Smith Barney LLC (“Morgan Stanley”). The

    speaker’s opinions are solely their own and do not necessarily reflect Morgan Stanley’s views. Morgan Stanley does

    not represent that the speaker’s information is accurate or complete, and the speaker received no compensation.

    References to Carta or any other company, product or service are informational only and are not an endorsement,

    recommendation or sponsorship by Morgan Stanley. Morgan Stanley is not responsible for third-party products,

    services, content or information.

    Discussions of IPOs, liquidity events, M&A, equity compensation, stock options, RSUs, 409A valuations and related

    topics are general. Availability and consequences vary by company facts, plan documents, terms and law. Liquidity

    events are not guaranteed, and timing, valuation, tax treatment and outcomes are uncertain.

    Private company securities are often illiquid, subject to transfer restrictions and difficult or impossible to value or sell.

    Equity compensation involves risk and may not result in value. Vesting, exercise, expiration, forfeiture, dilution and

    tax rules may materially affect value. Investing involves risk, including possible loss of principal. Past results do not

    guarantee future results.

    Output from Artificial Intelligence-(AI) supported tools may contain inaccuracies, omissions, or bias and should be

    independently reviewed and verified before use.

    Morgan Stanley and its affiliates do not provide legal, accounting or tax advice. Tax considerations depend on

    individual circumstances. Consult your legal, accounting and tax advisors.

    Morgan Stanley at Work and Shareworks services are provided by Morgan Stanley Smith Barney LLC, Member

    SIPC. Employee stock plan solutions are offered by E*TRADE Financial Corporate Services, Inc., Solium Capital

    LLC, Solium Plan Managers LLC and MSSB.

    © 2026 Morgan Stanley Smith Barney LLC. Member SIPC.

    CRC 5968915 10/2026
    Show More Show Less
    5 mins
  • Building an Investor Mindset: Strategic IPO Prep With Carta CFO Charly Kevers

    Building an Investor Mindset: Strategic IPO Prep With Carta CFO Charly Kevers
    Oct 12 2026

    When you think of "investors," you probably imagine private equity firms, angel investors or major sources of external funding. But what about your employees? For Charly Kevers, CFO of Carta, equity-holding employees are investors, and getting their buy-in is essential for long-term growth.


    In this episode of Invested at Work, Charly and host Rodney Bolden discuss the “investor mindset” and how it informs everything from daily work to IPO preparedness to talent acquisition. Charly also shares hot tips for IPO readiness and why it should begin years before picking an investment banker.

    Charly Kevers is the CFO of Carta, the financial infrastructure platform for private capital, where he is responsible for leading cross-functional teams overseeing finance, accounting, treasury, risk and investor relations. Prior to Carta, Charly held leadership roles at LendingClub, Salesforce, and Hewlett Packard.

    Visit Carta.com for private market financial infrastructure solutions.


    Visit MorganStanley.com/atwork for more insights on workplace financial benefits.

    Invested at Work is brought to you by Morgan Stanley at Work, hosted by Rodney Bolden. Our executive producers are Fiona Kelsey and Lisa Boyce, and our associate producer is Ive Jones. Our production partner is Sequel Media Inc.

    #investedatworkpodcast #employeebenefits #workplacebenefits #sharemorganstanley


    Disclosures:

    This material is for informational and educational purposes only. It is not individually tailored investment, legal or tax advice; a recommendation to buy, sell, hold or transact in any security or strategy; or an offer or solicitation.

    The guest speaker is not an employee of or affiliated with Morgan Stanley Smith Barney LLC (“Morgan Stanley”). The speaker’s opinions are solely their own and do not necessarily reflect Morgan Stanley’s views. Morgan Stanley does not represent that the speaker’s information is accurate or complete, and the speaker received no compensation.

    References to Carta or any other company, product or service are informational only and are not an endorsement, recommendation or sponsorship by Morgan Stanley. Morgan Stanley is not responsible for third-party products, services, content or information.

    Discussions of IPOs, liquidity events, M&A, equity compensation, stock options, RSUs, 409A valuations and related topics are general. Availability and consequences vary by company facts, plan documents, terms and law. Liquidity events are not guaranteed, and timing, valuation, tax treatment and outcomes are uncertain.

    Private company securities are often illiquid, subject to transfer restrictions and difficult or impossible to value or sell. Equity compensation involves risk and may not result in value. Vesting, exercise, expiration, forfeiture, dilution and tax rules may materially affect value. Investing involves risk, including possible loss of principal. Past results do not guarantee future results.

    Output from Artificial Intelligence-(AI) supported tools may contain inaccuracies, omissions, or bias and should be independently reviewed and verified before use.

    Morgan Stanley and its affiliates do not provide legal, accounting or tax advice. Tax considerations depend on

    individual circumstances. Consult your legal, accounting and tax advisors.

    Morgan Stanley at Work and Shareworks services are provided by Morgan Stanley Smith Barney LLC, Member SIPC. Employee stock plan solutions are offered by E*TRADE Financial Corporate Services, Inc., Solium Capital LLC, Solium Plan Managers LLC and MSSB.

    © 2026 Morgan Stanley Smith Barney LLC. Member SIPC.

    CRC 5968915 10/2026
    Show More Show Less
    26 mins
  • Invested at Work: Off the Cuff With Rachel Ulep

    Invested at Work: Off the Cuff With Rachel Ulep
    Sep 28 2026

    How can equity compensation leaders get legal and compliance to say yes to creative ideas?

    Rachel Ulep has answers.

    As eBay’s Director of Global Stock and Equity Programs, Rachel has revamped eBay’s approach to employee education and training by injecting whimsy and creativity. Find out how she got her wider team on board with developing employee-facing AI agents and gamifying compliance training with collectible trading cards.

    This is Invested at Work: Off the Cuff, where leaders reveal the joys and challenges of managing total rewards strategies and scaling businesses, and share who they are beyond their job titles.

    To hear the full story of how Rachel is injecting creativity into compliance training and equity compensation education for eBay’s 12,000 global employees, check out her full interview with host Rodney Bolden, available right now in your feed.

    For more conversations on the future of workplace financial benefits, make sure to follow or subscribe to Invested at Work. Share this episode with a colleague, and visit us at morganstanley.com/atwork to unlock the power of your organization's benefits.

    Invested at Work is brought to you by Morgan Stanley at Work, hosted by Rodney Bolden. Our executive producers are Fiona Kelsey and Lisa Boyce, and our associate producer is Ive Jones. Our production partner is Sequel Media Inc.

    #investedatworkpodcast #employeebenefits #workplacebenefits #sharemorganstanley

    This material has been prepared for educational purposes only. The guest speakers are neither employees of nor affiliated with Morgan Stanley Smith Barney LLC, otherwise known as Morgan

    Stanley. The opinions expressed by our external guests are solely their own and do not

    represent the views of Morgan Stanley. Please see our show notes for a full disclaimer on the

    information provided.


    © 2026 Morgan Stanley Smith Barney LLC. Member SIPC.

    CRC# 5758345 07/2026


    Full Disclosures:

    This podcast is for educational and informational purposes only and is not an offer, solicitation, recommendation, or advice to buy or sell any security, financial instrument, product, or service. It is not individualized investment, financial planning, legal, tax, accounting, benefits, or other professional advice. Morgan Stanley Smith Barney LLC, its affiliates, Financial Advisors and Private Wealth Advisors do not provide tax or legal advice; consult your own qualified advisors.

    Guest speakers are not compensated by, employed by, or affiliated with Morgan Stanley Smith Barney LLC, Morgan Stanley at Work, or their affiliates, unless stated. Their views are their own and do not necessarily reflect those of Morgan Stanley. eBay is not affiliated with Morgan Stanley. References to eBay and related examples are illustrative only and do not imply endorsement, approval, recommendation, or validation.

    Morgan Stanley makes no representation or warranty regarding third-party statements or examples, including accuracy or suitability. Examples may not be appropriate or available for all companies, employees, jurisdictions, plans, or circumstances. Applicable official documents and employer materials control in any conflict.

    Investing involves risk, including possible loss of principal. Company stock and equity compensation values may fluctuate; concentrated employer stock positions may involve additional risks. Past performance, survey findings, metrics, outcomes, and program results are not guarantees or predictions and may not be representative.

    AI tools may produce inaccurate or inappropriate responses and should be subject to governance, oversight, security, privacy, compliance, and risk controls. Trademarks and brand references are the property of their owners and used for identification only.

    Morgan Stanley at Work services are provided by Morgan Stanley Smith Barney LLC, member SIPC, and/or its affiliates.

    ©2026 Morgan Stanley Smith Barney LLC. Member SIPC.

    CRC# 5758345 07/2026
    Show More Show Less
    5 mins
  • Whimsy in the Workplace: How eBay Gamified Equity and Compliance Training

    Whimsy in the Workplace: How eBay Gamified Equity and Compliance Training
    Sep 14 2026

    How can global enterprises transform complex compliance and equity education into high-impact employee engagement?

    Discover the innovative playbook Rachel Ulep uses to reach 12,000 eBay employees.

    In this episode of Invested at Work, host Rodney Bolden sits down with Rachel Ulep, Director of Global Stock and Equity Programs at eBay, live at Morgan Stanley’s annual Thrive conference. Rachel discusses her team’s recent injection of creativity and whimsy into employee education—from compliance training to equity compensation sessions. Leaning into eBay’s love of collectibles, they designed trading cards as an employee education tool; they also developed employee-facing AI agents and gamified elements of live stock information sessions for the company’s 12,000 global employees. All to make education more effective and accessible and reach a 70% ESPP enrollment rate.

    Listen for Rachel’s employee-centered approach, and the difference equity compensation education can make in employees’ lives.

    Rachel Ulep has led eBay’s global stock and equity programs since 2018. Before joining eBay, Rachel administered stock plans at TIBCO and multinationals including Accenture and AOL Time Warner. She’s dedicated her entire career to effective stock plan administration and is passionate about employee-centric approaches.

    Invested at Work is brought to you by Morgan Stanley at Work, hosted by Rodney Bolden. Our executive producers are Fiona Kelsey and Lisa Boyce, and our associate producer is Ive Jones. Our production partner is Sequel Media Inc.


    Disclosures:

    This material has been prepared for educational purposes only. The guest speakers are neither employees of nor affiliated with Morgan Stanley Smith Barney LLC, otherwise known as Morgan

    Stanley. The opinions expressed by our external guests are solely their own and do not

    represent the views of Morgan Stanley. Please see our show notes for a full disclaimer on the

    information provided.


    © 2026 Morgan Stanley Smith Barney LLC. Member SIPC.

    CRC# 5758345 07/2026
    Show More Show Less
    23 mins
  • Invested at Work: Off the Cuff With Atish Davda

    Invested at Work: Off the Cuff With Atish Davda
    Aug 31 2026
    Is it harder to manage an employee who has no equity or someone who's a millionaire on paper? Atish Davda, Head of Private Markets and EquityZen, reveals his takes on tough leadership questions—including navigating equity compensation, his most difficult people decisions and the most memorable thing someone has done with their liquidity from selling their private stock shares on EquityZen. This is Invested at Work: Off the Cuff, rapid-fire questions and candid answers to meet the leader behind the title.To hear the full story of how Atish is enabling private companies and employees to sell stocks pre-IPO, and the impacts on risk and retention, check out his full interview with host Rodney Bolden, available right now in your feed.For more conversations on the future of workplace financial benefits, make sure to follow or subscribe to Invested at Work. Share this episode with a colleague, and visit us at morganstanley.com/atwork to unlock the power of your organization's benefits.Visit EquityZen for curated private market investment opportunities, data, and expert insights. Invested at Work is brought to you by Morgan Stanley at Work, hosted by Rodney Bolden. Our executive producers are Fiona Kelsey and Lisa Boyce, and our associate producer is Ive Jones. Our production partner is Sequel Media Inc. #investedatworkpodcast #employeebenefits #workplacebenefits #sharemorganstanley Disclosures:This material is for educational and informational purposes only and is not an offer, solicitation or recommendation to buy or sell any security, financial instrument, product or service.Podcast participants’ views are their own and do not necessarily reflect those of Morgan Stanley Smith Barney LLC, Morgan Stanley at Work or their affiliates. Morgan Stanley employees participating are not acting as financial, tax, legal or fiduciary advisors to any listener or other person.References to EquityZen, private company secondary markets, approved liquidity pathways, private company stock transactions and related parties are illustrative only, not an endorsement, recommendation, solicitation or validation by Morgan Stanley of any company, platform, transaction structure, investment strategy or service provider. Morgan Stanley does not guarantee any third-party obligations, services, products, platforms, processes or performance. Trademarks and brand references belong to their owners.Morgan Stanley Smith Barney LLC is not implying an affiliation, sponsorship, endorsement with/of the third party or that any monitoring is being done by Morgan Stanley of any information contained within the web site. Morgan Stanley is not responsible for the information contained on the third party web site or the use of or inability to use such site. Nor do we guarantee their accuracy and completeness. Morgan Stanley Smith Barney LLC, its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Consult appropriate tax, legal, accounting, benefits, securities and compliance advisors.Holders of private company stock should review applicable plan documents, agreements, company policies, transfer restrictions and governing documents before any sale, pledge, transfer or other transaction. Related discussion is general and does not replace controlling official documents.Discussion of equity compensation, private company shares, liquidity events, vesting, taxation, withholding, transferability, employee benefits, HR practices or company stock is not tax, legal, accounting, investment or financial planning advice. Companies should evaluate objectives, plan design, budget and legal, fiduciary and compliance obligations before changing related programs.Investing involves risk, including possible loss of principal. Company stock and equity compensation values can fluctuate. Private company securities involve additional risks, including limited liquidity and information, valuation uncertainty, transfer restrictions, lack of a public market and concentration risk, and may not be suitable for all investors.Survey findings are informational and subject to limitations. Past performance is not a guarantee of future results. Statements about market trends, private market activity, IPOs, M&A, liquidity events, growth or employee financial outcomes are general observations only and not predictions, guarantees or investment recommendations. Anecdotal examples are illustrative only, not representative of all outcomes and not a recommendation to sell, hold, exercise or transfer equity awards or company stock. Individual experiences will vary.Morgan Stanley at Work services are provided by Morgan Stanley Smith Barney LLC, member SIPC, or its affiliates. ©2026 Morgan Stanley Smith Barney LLC. Member SIPC. CRC# 5796651 08/2026
    Show More Show Less
    3 mins
  • How EquityZen Is Breaking Open Private Markets With Co-Founder Atish Davda

    How EquityZen Is Breaking Open Private Markets With Co-Founder Atish Davda
    Aug 17 2026
    What happens to employees at private companies when years, or even decades, pass before a liquidity event? Atish Davda, Head of Private Markets and EquityZen, has created a pathway for private market sales to help employers lower risk, boost employee retention and ultimately get the most out of pre-IPO life.In this episode of Invested at Work, Atish and host Rodney Bolden delve into the tension employees face when waiting for a liquidity event while their own financial needs can’t wait—whether that’s purchasing a home, sending kids to college or, in Atish’s case, buying an engagement ring. They discuss employer-backed solutions, plus the mistakes Atish made while scaling EquityZen, including the rollout of critical employer-sponsored savings programs.Atish Davda co-founded EquityZen in 2013 and was also the company’s first engineer. As CEO, Atish has since grown the marketplace for pre-IPO stocks to nearly one million subscribers, making private stocks available to the public. Visit EquityZen for curated private market investment opportunities, data, and expert insights.Invested at Work is brought to you by Morgan Stanley at Work, hosted by Rodney Bolden. Our executive producers are Fiona Kelsey and Lisa Boyce, and our associate producer is Ive Jones. Our production partner is Sequel Media Inc. #investedatworkpodcast #employeebenefits #workplacebenefits #sharemorganstanley This material is for educational and informational purposes only and is not an offer, solicitation or recommendation to buy or sell any security, financial instrument, product or service.Podcast participants’ views are their own and do not necessarily reflect those of Morgan Stanley Smith Barney LLC, Morgan Stanley at Work or their affiliates. Morgan Stanley employees participating are not acting as financial, tax, legal or fiduciary advisors to any listener or other person.References to EquityZen, private company secondary markets, approved liquidity pathways, private company stock transactions and related parties are illustrative only, not an endorsement, recommendation, solicitation or validation by Morgan Stanley of any company, platform, transaction structure, investment strategy or service provider. Morgan Stanley does not guarantee any third-party obligations, services, products, platforms, processes or performance. Trademarks and brand references belong to their owners.Morgan Stanley Smith Barney LLC is not implying an affiliation, sponsorship, endorsement with/of the third party or that any monitoring is being done by Morgan Stanley of any information contained within the web site. Morgan Stanley is not responsible for the information contained on the third party web site or the use of or inability to use such site. Nor do we guarantee their accuracy and completeness. Morgan Stanley Smith Barney LLC, its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Consult appropriate tax, legal, accounting, benefits, securities and compliance advisors.Holders of private company stock should review applicable plan documents, agreements, company policies, transfer restrictions and governing documents before any sale, pledge, transfer or other transaction. Related discussion is general and does not replace controlling official documents.Discussion of equity compensation, private company shares, liquidity events, vesting, taxation, withholding, transferability, employee benefits, HR practices or company stock is not tax, legal, accounting, investment or financial planning advice. Companies should evaluate objectives, plan design, budget and legal, fiduciary and compliance obligations before changing related programs.Investing involves risk, including possible loss of principal. Company stock and equity compensation values can fluctuate. Private company securities involve additional risks, including limited liquidity and information, valuation uncertainty, transfer restrictions, lack of a public market and concentration risk, and may not be suitable for all investors.Survey findings are informational and subject to limitations. Past performance is not a guarantee of future results. Statements about market trends, private market activity, IPOs, M&A, liquidity events, growth or employee financial outcomes are general observations only and not predictions, guarantees or investment recommendations. Anecdotal examples are illustrative only, not representative of all outcomes and not a recommendation to sell, hold, exercise or transfer equity awards or company stock. Individual experiences will vary.Morgan Stanley at Work services are provided by Morgan Stanley Smith Barney LLC, member SIPC, or its affiliates. ©2026 Morgan Stanley Smith Barney LLC. Member SIPC. CRC# 5796651 08/2026
    Show More Show Less
    22 mins
  • Invested at Work: Off the Cuff With Aaron Schumm

    Invested at Work: Off the Cuff With Aaron Schumm
    Aug 3 2026
    What is the one critical thing your employees care about deeply that you might be completely overlooking?This is Invested at Work: Off the Cuff. Unscripted and top-of-mind, where industry leaders share candid perspectives on the realities of scaling businesses, managing total compensation strategies and navigating the complexities of leadership.This week: Aaron Schumm, founder, CEO and chairman of Vestwell.To hear the full story of how Aaron is rebuilding workplace savings from the ground up, check out his full interview with host Rodney Bolden, available right now in your feed.For more conversations on the future of workplace financial benefits, make sure to follow or subscribe to Invested at Work. Share this episode with a colleague, and visit us at morganstanley.com/atwork to unlock the power of your organization's benefits.Visit Vestwell.com to learn more about workplace savings vehicles.Visit MorganStanley.com/atwork for more insights on workplace financial benefits.Invested at Work is brought to you by Morgan Stanley at Work, hosted by Rodney Bolden. Our executive producers are Fiona Kelsey and Lisa Boyce, and our associate producer is Ive Jones. Our production partner is Sequel Media Inc.#investedatworkpodcast #employeebenefits #workplacebenefits #sharemorganstanleyThis podcast episode is for informational/educational purposes only and is not investment, legal, or tax advice. Participants in this podcast are not compensated and are not affiliated with Morgan Stanley. The guest speaker (Aaron Schumm/Vestwell) is an external guest; the views expressed are solely his own and do not represent Morgan Stanley’s views.Nothing in the episode should be construed as a recommendation or solicitation to buy/sell any security, adopt any investment strategy, or implement any particular plan design; listeners should consider their own circumstances and consult appropriate professionals.The discussion is general in nature and not intended to address any particular individual/entity’s circumstances.Morgan Stanley Smith Barney LLC and its affiliates and Financial Advisors/Private Wealth Advisors do not provide tax or legal advice; tax laws are complex and subject to change; consult a tax advisor/attorney.Information contained herein is based on data from multiple sources considered to be reliable and Morgan Stanley Smith Barney LLC (“Morgan Stanley”) makes no representation as to the accuracy or completeness of data from sources outside of Morgan Stanley.When Morgan Stanley Smith Barney LLC, its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors (collectively, “Morgan Stanley”) provide “investment advice” regarding a retirement or welfare benefit plan account, an individual retirement account or a Coverdell education savings account (“Retirement Account”), Morgan Stanley is a “fiduciary” as those terms are defined under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), and/or the Internal Revenue Code of 1986 (the “Code”), as applicable. When Morgan Stanley provides investment education, takes orders on an unsolicited basis or otherwise does not provide “investment advice”, Morgan Stanley will not be considered a “fiduciary” under ERISA and/or the Code. For more information regarding Morgan Stanley’s role with respect to a Retirement Account, please visit www.morganstanley.com/disclosures/dol. Tax laws are complex and subject to change. Morgan Stanley does not provide tax or legal advice. Individuals are encouraged to consult their tax and legal advisors (a) before establishing a Retirement Account, and (b) regarding any potential tax, ERISA and related consequences of any investments or other transactions made with respect to a Retirement Account.This episode discusses legislation and regulatory initiatives—such as the “savers match,” child savings accounts/“Trump accounts,” “Trump IRA,” ERISA-related provisions, and the “in-plan vs. out-of-plan” emergency savings framework—those references are provided for general informational purposes only and are not intended as legal, tax, or compliance advice.Any discussion of laws, regulations, proposed rules, or government programs reflects general commentary and may not reflect the most current legal or regulatory developments.Laws and regulations are complex, may be amended, and may be subject to different interpretations by regulators, courts, plan fiduciaries, and other parties; guidance and enforcement priorities may also change over time.Accordingly, listeners should not rely on the episode as a substitute for professional advice, and should consult their own qualified legal counsel, tax advisor, ERISA counsel, or other appropriate professional regarding their specific circumstances and any plan design, eligibility, or implementation questions (including questions related to ERISA provisions, leave/eligibility rules, and emergency savings design ...
    Show More Show Less
    5 mins
  • Savings Solutions and Scaling Strategies With Vestwell’s Aaron Schumm

    Savings Solutions and Scaling Strategies With Vestwell’s Aaron Schumm
    Jul 20 2026
    “You're taking a 50-plus-year-old industry and flipping it on its head and saying, ‘We're going to redo this from the ground up.’” Aaron Schumm, founder, CEO and chairman of Vestwell, is shaking things up when it comes to modernizing workplace savings solutions. As inflation concerns rise and workforce demands shift, traditional benefits packages are no longer enough. In this episode, Aaron joins host Rodney Bolden to share how fintech innovation is allowing companies to build flexible, automated benefits frameworks that can help relieve employee financial stress, improve retention and scale seamlessly with organizational growth. At Vestwell, Aaron leads a fintech unicorn currently anchoring customizable benefits for over half a million businesses and two million individual savers. Having previously scaled the wealth management technology platform FolioDynamix, Aaron transitioned to the workplace benefits sector after recognizing systemic inefficiencies in how employee savings plans were administered. Visit Vestwell.com to learn more about workplace savings vehicles. Visit MorganStanley.com/atwork for more insights on workplace financial benefits. Invested at Work is brought to you by Morgan Stanley at Work, hosted by Rodney Bolden. Our executive producers are Fiona Kelsey and Lisa Boyce, and our associate producer is Ive Jones. Our production partner is Sequel Media Inc.This podcast episode is for informational/educational purposes only and is not investment, legal, or tax advice. Participants in this podcast are not compensated and are not affiliated with Morgan Stanley. The guest speaker (Aaron Schumm/Vestwell) is an external guest; the views expressed are solely his own and do not represent Morgan Stanley’s views. Nothing in the episode should be construed as a recommendation or solicitation to buy/sell any security, adopt any investment strategy, or implement any particular plan design; listeners should consider their own circumstances and consult appropriate professionals. The discussion is general in nature and not intended to address any particular individual/entity’s circumstances. Morgan Stanley Smith Barney LLC and its affiliates and Financial Advisors/Private Wealth Advisors do not provide tax or legal advice; tax laws are complex and subject to change; consult a tax advisor/attorney. Information contained herein is based on data from multiple sources considered to be reliable and Morgan Stanley Smith Barney LLC (“Morgan Stanley”) makes no representation as to the accuracy or completeness of data from sources outside of Morgan Stanley. When Morgan Stanley Smith Barney LLC, its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors (collectively, “Morgan Stanley”) provide “investment advice” regarding a retirement or welfare benefit plan account, an individual retirement account or a Coverdell education savings account (“Retirement Account”), Morgan Stanley is a “fiduciary” as those terms are defined under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), and/or the Internal Revenue Code of 1986 (the “Code”), as applicable. When Morgan Stanley provides investment education, takes orders on an unsolicited basis or otherwise does not provide “investment advice”, Morgan Stanley will not be considered a “fiduciary” under ERISA and/or the Code. For more information regarding Morgan Stanley’s role with respect to a Retirement Account, please visit www.morganstanley.com/disclosures/dol. Tax laws are complex and subject to change. Morgan Stanley does not provide tax or legal advice. Individuals are encouraged to consult their tax and legal advisors (a) before establishing a Retirement Account, and (b) regarding any potential tax, ERISA and related consequences of any investments or other transactions made with respect to a Retirement Account. This episode discusses legislation and regulatory initiatives—such as the “savers match,” child savings accounts/“Trump accounts,” “Trump IRA,” ERISA-related provisions, and the “in-plan vs. out-of-plan” emergency savings framework—those references are provided for general informational purposes only and are not intended as legal, tax, or compliance advice. Any discussion of laws, regulations, proposed rules, or government programs reflects general commentary and may not reflect the most current legal or regulatory developments.Laws and regulations are complex, may be amended, and may be subject to different interpretations by regulators, courts, plan fiduciaries, and other parties; guidance and enforcement priorities may also change over time. Accordingly, listeners should not rely on the episode as a substitute for professional advice, and should consult their own qualified legal counsel, tax advisor, ERISA counsel, or other appropriate professional regarding their specific circumstances and any plan design, eligibility, ...
    Show More Show Less
    22 mins