The Zone partners with Morgan Stanley Global Sports & Entertainment to promote Financial Wellness for Athletes

Rhea-AI Summary

The Zone, a mental wellness platform for athletes, has partnered with Morgan Stanley to integrate financial education tools into its app. This collaboration aims to provide athletes with access to financial wellness resources, addressing the crucial link between financial stress and mental wellness. The initiative will feature mobile-friendly content, personal finance fundamentals, and support for athletes' overall well-being. The partnership reflects a growing awareness of the importance of holistic wellness in sports, targeting current and future member-athletes for enhanced financial education.

Positive

• Partnership with Morgan Stanley enhances financial education for athletes.
• Focus on holistic wellness links financial management with mental health.
• Access to mobile-friendly content provides athletes with relevant financial tools.

Negative

• None.

NEW YORK, Dec. 21, 2021 /PRNewswire/ -- The Zone, a mental wellness platform focused on athletes, announced today an agreement with leading global financial services firm, Morgan Stanley. The firm's Global Sports & Entertainment division will provide its financial tools and resources to integrate within The Zone's app allowing educational, interactive content and programming across the digital platform. This will enable The Zone's current and future member-athletes and institutions to obtain premier access to Morgan Stanley's financial education curriculum.

Elements of the collaboration will feature mobile-friendly, bite-sized content and programming, alongside push notifications that will seek to engage athletes and address with them the link between financial education, mental wellness and peak performance; fundamentals of personal finance; tips and approaches to help conceptualize and achieve financial wellness; and maintain frequent interaction with them to allow for close monitoring of their wellness and communication with counselors, as needed. 

"We are very excited to work alongside Morgan Stanley Global Sports & Entertainment in this innovative partnership to ensure that our athletes are equipped with the tools and resources necessary to manage and improve every aspect of their total wellness" said Ivan Tchatchouwo, The Zone's CEO & Co-Founder. "Financial education is a cornerstone of a truly holistic wellness experience, and we look forward to implementing this important component with Morgan Stanley to help us continue providing our community of athletes with the best possible solution."

Tchatchouwo and Erik Poldroo, two former student-athletes whose own journeys included bouts with mental wellness, founded The Zone with the vision of fostering an environment where athletes can feel comfortable seeking help and guidance for their mental health and wellness, just as they would for any physical injury or academic issue – and an ecosystem where athletes clearly understand where to go for and how to seek counsel. 

As it relates to holistic wellness, studies show that financial constraints are a leading source of stress, above all other factors, indicating that there is an undoubtable link between financial stress and poor individual performance and productivity, which translates from anywhere to the workplace, classroom or lines of competition in a given sport. "Our objective in partnering with The Zone is to enhance the comprehensive wellness experience of athletes nationwide, by arming them with the education on how to best manage and approach their personal finances as they strive for their financial goals – and by applying these learnings to help them create pathways towards success," said Sandra Richards, Head of Global Sports & Entertainment and Segment Sales & Engagement at Morgan Stanley. "With the added pressure and commitments on today's athletes, perhaps being greater now than ever before, we couldn't think of a more important way to address this issue and help break the stigma around mental health and wellness."

The Zone currently provides wellness to several NCAA Division I athletic programs and non-profit organizations and is poised to announce a series of upcoming activations heading into 2022.

For more information about The Zone, please visit https://www.itsthezone.com/.

For more information about Morgan Stanley Global Sports & Entertainment, please visit https://www.morganstanley.com/what-we-do/wealth-management/global-sports-entertainment.

About The Zone
The Zone is a digital, AI-powered platform designed for athletes to monitor and support their mental health and wellness. Through a series of unique content and programming, The Zone aims to provide athletes with premium, unfettered access to mental health and wellness tools, resources, and professionals aimed at managing and enhancing their holistic wellness experience.

About Morgan Stanley Wealth Management
Morgan Stanley Wealth Management, a global leader, provides access to a wide range of products and services to individuals, businesses and institutions, including brokerage and -investment advisory services, financial and wealth planning, cash management and lending products and services, annuities and insurance, retirement and trust services.

About Morgan Stanley
Morgan Stanley (NYSE: MS) is a leading global financial services firm providing investment banking, securities, wealth management and investment management services. With offices in more than 41 countries, the Firm's employees serve clients worldwide including corporations, governments, institutions and individuals. For more information about Morgan Stanley, please visit www.morganstanley.com.

For Media Inquiries:

The Zone
Ivan Tchatchuowo
ivan@itsthezone.com 
(917) 386-4647

Morgan Stanley Global Sports & Entertainment
Christine Jockle
Christine.Jockle@morganstanley.com

Stephen Elmore
Stephen.Elmore@morganstanley.com 
(917) 312-1364

View original content:https://www.prnewswire.com/news-releases/the-zone-partners-with-morgan-stanley-global-sports--entertainment-to-promote-financial-wellness-for-athletes-301448741.html

SOURCE The Zone

FAQ

What is the partnership between The Zone and Morgan Stanley about?

The Zone has partnered with Morgan Stanley to provide financial education tools and resources within its mental wellness platform for athletes.

What benefits does the partnership provide to athletes?

The partnership offers athletes access to financial wellness resources, educational content, and support for improving their overall mental health.

When was the partnership between The Zone and Morgan Stanley announced?

The partnership was announced on December 21, 2021.

How does financial education relate to mental wellness according to the press release?

Financial stress is linked to poor individual performance and productivity, making financial education an essential component of holistic wellness.

What type of content will be available through The Zone's app after the partnership?

The content will include mobile-friendly, bite-sized educational materials on personal finance and mental wellness.