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Morgan Stanley and the National Football League Players Association have announced an agreement that will see the firm offer the union’s members help with expanding their investments during and after their sports careers. So reports CNBC

nfl 3644686 640smallPer the deal, Morgan Stanley will add about 50 advisors to the NFLPA’s financial planning network and have more access to the players. Sandra Richards, the head of Morgan Stanley’s Global Sports and Entertainment unity, will head the team entering the NFLPA program. 

The NFLPA’s program was previously in the news when it had a $43 million loss in 2016 due to bad investments and has subsequently made changes to advisor requirements. 

Read the full article from CNBC.

Last modified on Thursday, 13 August 2020
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