Morgan Stanley plans to allow artificial intelligence agents used by corporate clients to connect directly with key workplace wealth management platforms. This move could make the bank one of the first major Wall Street firms to open part of its infrastructure to external AI tools.
This initiative involves the bank’s Morgan Stanley at Work business, which provides workplace financial services and stock plan administration. According to CNBC, the company will enable clients’ autonomous AI agents to gain information from its ShareWorks and Equity Edge platforms, which are used to manage employee stock compensation plans.
Mark Mitchell, the chief product officer of Morgan Stanley at Work, told CNBC that the firm expects clients will increasingly interact with the platforms through AI-driven systems rather than traditional software interfaces designed for human users.
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Morgan Stanley at Work oversees approximately $1.2 trillion in assets through its workplace financial solutions business, according to company figures cited in the report. The bank said it has already begun providing agentic access to a limited group of clients and expects to expand availability to roughly 3,400 stock-plan administration clients by next year.
This decision comes into action as financial institutions explore so called “agentic AI,” a category of technology designed to perform tasks and retrieve information with limited human involvement. While large banks including JPMorgan Chase and Goldman Sachs have deployed AI tools internally, Morgan Stanley’s initiative is among one of the earliest examples of a major Wall Street institution opening client-facing platforms to external AI agents.
This system will allow AI tools to access data and insights directly from ShareWorks and Equity Edge rather than requiring users to navigate standard web interfaces. Mitchell told CNBC that the long term goal is to support interactions that are “purely agentic.”
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This also showcases a broader shift regarding how companies are preparing for AI-driven software ecosystems moving forward. According to the report, Morgan Stanley is using the Model Context Protocol, an open-source standard designed to help AI systems connect with external data sources and applications.
Morgan Stanley has been always been an active adopter of artificial intelligence technologies in recent years. The bank previously introduced AI-powered tools for employees and financial advisors, including systems developed with OpenAI technology. This new initiative extends those efforts by giving outside AI agents access to selected workplace wealth management services.
The rollout will be closely watched across the financial industry as firms evaluate how AI agents can interact with regulated financial platforms while maintaining security and operational controls.
