Carta vs Shareworks (Morgan Stanley at Work)
A side-by-side comparison of Carta and Shareworks (Morgan Stanley at Work) — two options for cap table & equity management. Pricing, features, and honest pros and cons.
Category
Cap Table & Equity Management
Cap Table & Equity Management
Rating
4.2 / 5
3.7 / 5
Pricing
From $$$
Enterprise / Custom
Best for
Startups and their VC/growth investors
Large global companies and pre-IPO enterprises with complex equity programs
Key features
- Cap-table management
- 409A valuations
- Equity and option administration
- Fund administration
- Investor and portfolio insights
- Private-company cap table and equity plan administration
- Global plan support across 150+ countries and tax regimes
- Tender offer and liquidity event execution
- ASC 718 financial reporting and audit packages
- Integrated brokerage and participant wealth services via Morgan Stanley
Pros
- Standard-setting cap-table platform
- Combines company and investor tooling
- Strong equity administration
- Handles very large, multi-country equity programs credibly
- Bank-grade compliance, execution, and participant brokerage
- One suite from private cap table through public-company administration
Cons
- Pricing scales quickly with growth
- Fund admin has faced service-quality criticism
- UI widely described in reviews as dated and non-intuitive
- Customer support responsiveness is a recurring complaint
- Participants report notable selling fees and FX charges