Morgan Stanley wants to add roughly 50 advisors and bring more credibility to the National Football League Players Association program after a $43 million investment loss was revealed in 2016.
Morgan Stanley will add roughly 50 advisors to the National Football League Players Association program after a $43 million investment loss was revealed in 2016.
The pact is an affiliation-like agreement with no upfront fees attached and grants Morgan Stanley more access to the NFLPA's network of players and events. , said the union went through a "constant state of making enhancements to the program" after the loss. Though individual advisors can still sign up for the NFLPA's program for a $2,500 affiliation fee, in October, the program was again adjusted to add larger "institutionalized" financial firms that don't need to pay a fee.
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