Employee benefits

Morgan Stanley made sweeping changes to its employee benefits including increasing parental leave and allowing some employees to buy its stock at a 10% discount amid intense competition for talent.

With Senate tax writers in agreement with the House to ban the favored tax-free strategy, wealth advisors have a narrow window to make moves.

Technology gives investors more opportunity to diversify than ever, but experts worry about exotic strategies in IRAs.

For decades, a top spot at Goldman Sachs was seen as the pinnacle of money and power. But in today’s era of hyper-wealth creation, the bank’s most senior leaders have come to believe they’re not getting paid enough.

Goldman Sachs Group added new employee benefits, including higher retirement contributions, as part of a package of changes aimed at addressing worker burnout.

The service lifted the limit from $19,500 as part of its annual inflation adjustments.

After a $70 million fundraising round, the company also plans to begin offering HSAs and emergency savings.

The widely expected bump in benefits won’t alter the program’s fiscal sustainability.

The average 529 account holds less than $29,000, which would pay for about half of a year of tuition at the average private university or a year or more at a public university.

The proposed law would ban all IRAs, regardless of size or owner’s income, from holding unconventional assets like stakes in private companies, real estate and startups.