Per 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.