Morgan Stanley is preparing to give artificial intelligence agents direct access to key wealth management and stock administration platforms, marking one of the first major moves by a Wall Street bank to integrate external AI systems into client-facing operations, CNBC reported.
According to Mark Mitchell, chief product officer of Morgan Stanley at Work, AI agents will be able to retrieve data and insights directly from the firm's ShareWorks and Equity Edge platforms, reducing reliance on traditional user interfaces designed for humans.
Morgan Stanley will soon open its trillion-dollar wealth management funnel to AI agents https://t.co/AomAfeu9RY
— CNBC (@CNBC) June 3, 2026
The bank has already launched limited access with select clients and plans to expand the capability to its 3,400 corporate administration clients by next year.
Morgan Stanley said the initiative reflects a broader shift toward "agentic AI," where autonomous tools handle tasks traditionally performed by employees. The firm believes the technology can help clients manage increasingly complex stock compensation plans without significantly expanding staff.
The report said Morgan Stanley is leveraging the Model Context Protocol, an open-source standard that allows AI models to connect directly with data sources. The bank views proprietary data and business logic, rather than user interfaces, as its key competitive advantage in an AI-driven future.
Also Read:
TIPP Staff
