LTSE Equity vs Morgan Stanley Shareworks
A side-by-side comparison of LTSE Equity and Morgan Stanley Shareworks — two options for cap table & equity. Pricing, features, and honest pros and cons.
Category
Cap Table & Equity
Cap Table & Equity
Rating
4.1 / 5
3.9 / 5
Pricing
Self-serve tiers
Enterprise / Custom
Best for
Seed-stage portcos keeping clean records cheaply
Pre-IPO companies planning the public-company transition
Key features
- Cap table management and share ledger
- Round and dilution scenario modeling
- SAFE and convertible tracking
- Waterfall and exit analysis
- Board and stakeholder document storage
- Equity plan administration for private and public companies
- Cap table management with liquidity event support
- Valuation and 409A-related services
- Global compliance and tax mobility support
- Participant financial wellness and education
Pros
- Honest pricing for early-stage reality
- Simple enough for founders to keep accurate themselves
- Backed by an SEC-registered exchange operator
- Deep bench for IPO transitions and tender offers
- Bank-grade compliance and participant services
- One vendor from late-private through public life
Cons
- No 409A or fund-side products in the core offering
- Lighter automation than premium platforms
- Standalone Shareworks branding is being retired, muddying evaluation
- Heavy for early-stage cap tables
- Enterprise pricing and contracting