Morgan Stanley Shareworks
Equity plan administration inside Morgan Stanley at Work
3.9Enterprise / CustomBest for Pre-IPO companies planning the public-company transition
Equity Compensation Enterprise Pre-IPO
Overview
Shareworks began as Solium, the equity administrator Morgan Stanley acquired for $900M in 2019, and its capabilities now live inside Morgan Stanley at Work — the bank retired the standalone Shareworks name but kept the machinery. It administers equity plans for private and public companies, with cap table management, 409A-linked valuation services, global compliance and liquidity support. Best suited to later-stage companies that want equity comp, wealth services and an eventual IPO path under one roof.
Key features
- 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
- Deep bench for IPO transitions and tender offers
- Bank-grade compliance and participant services
- One vendor from late-private through public life
Cons
- Standalone Shareworks branding is being retired, muddying evaluation
- Heavy for early-stage cap tables
- Enterprise pricing and contracting