Morgan Stanley Wealth Management announced that it has expanded access to the Morgan Stanley Private Markets and Alternatives Fund (PMAX) by registering it as PMAX - Balanced. This change removes the accredited investor requirement, lowers minimum investment amounts and introduces daily subscriptions, making private market strategies accessible to a broader range of clients through a simplified, professionally managed investment vehicle.
Morgan Stanley Wealth Management is also adding to its PMAX product suite with the launch of PMAX – Growth, a fund with a growth-focused allocation and plans to introduce additional strategies with targeted investment objectives.
Historically, access to private markets was primarily limited to institutions and ultra-high-net-worth investors, but the PMAX fund platform broadens access to institutional-quality private market investment managers for more clients.
This expansion comes as private markets continue to gain momentum.
