Morgan Stanley partners with tech firms to boost wealth business

By Elizabeth Dilts NEW YORK (Reuters) – Morgan Stanley inked deals with 10 technology outfits last year to improve the products and services it offers wealth-management customers, the bank said on Tuesday. Among the new partners are Addepar, which offers investment-tracking software, and Zelle, a digital payments network that aims to compete against the popular mobile application Venmo. Although the tools will not necessarily generate fees, they will help financial advisers do their jobs better, Morgan Stanley Chief Executive James Gorman said. …

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