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Morgan Stanley builds risk assessment technology in partnership with BlackRock

Estimating that its clients hold $2 trillion of assets away from the company, Morgan Stanley is trying to draw them to its own services by working with BlackRock Inc., said Andrew Michael Saperstein, co-head of wealth management at Morgan Stanley, during a May 29 conference.

Morgan Stanley has leveraged Aladdin, BlackRock's risk-management system, that evaluates factor-based risk from over 3,000 different risk factors down to the individual CUSIP level, according to Saperstein.

"We spent the last two years working with BlackRock to integrate it into our platform, customizing it to our risk management framework," added Saperstein. Saperstein further said that with this platform in place, Morgan Stanley's wealth management clients will be able to learn how their "assets held away expose them to risks that they didn't even know they were taking."