Morgan Stanley talks financial wellness in free virtual event
Holistic wellbeing is determined by our personal finances – Morgan Stanley wants to show employers why and what to do about it.
The wealth management giant is hosting a free virtual event – called Morgan Stanley at Work Virtual Financial Wellness Retreat – to educate employers and their employees about the benefits of financial wellness programs. Viewers will have access to event recordings for one month after the live broadcast from February 9-11.
“We know 2020 has put our health and financial resilience to the test,” said Krystal Barker Buissereth, CFA and Head of Financial Wellness, Morgan Stanley at Work. “This event is an opportunity for us to train and empower our attendees to prioritize financial wellbeing.”
Buissereth says Morgan Stanley executives are joined by guest speakers from other financial institutions with some high-profile appearances. Former pro golfer Cheyenne Woods wants to share how her experiences as an athlete have shaped her approach to life, wellness and financial planning. Dolvett Quince, a coach on The Biggest Loser TV program, will discuss how physical health affects mental and financial wellbeing.
Studies show that financial wellness benefits have a positive effect on the well-being of employees. A survey of more than 1,200 employees found that UBS found that 82% of employees who participated in financial wellness programs feel more confident and knowledgeable about their money management. Of those who did not attend a financial education program, only 42% said they understood personal finances.
Many of Morgan Stanley’s sessions will be geared towards helping employees get the most out of their current financial wellness programs and helping employers figure out what their employees need.
“We want to make sure employers have access to these tools and training so they can maximize their benefits in the workplace,” says Buissereth.
To date, the Morgan Stanley event has around 10,000 attendees. Employers and their employees can register online free of charge and have access to the session recordings for the next month. The event begins Tuesday at 12 p.m. Eastern Standard Time.