Fund Management
Openwork Makes HNW Tie With Morgan Stanley Quilter

Openwork, the multi-tie distribution company, is to add Morgan Stanley Quilter's Discretionary portfolio Service and Managed Portfolio Service, to its manifold distribution agreements. Openwork also said this was to be the first launch in what will be a series of distribution agreements in 2006, aimed at high net worth customers. The Morgan Stanley Quilter Discretionary Portfolio Service will be available to Openwork clients with assets of at least £200,000 ($371,363), while the Managed Portfolio Service is available to clients with assets between £25,000 and £200,000. Glenn Hawksbee, head of sales at Morgan Stanley Quilter said: “Morgan Stanley Quilter is delighted to be working with Openwork. This relationship underlines our commitment to working with financial advisors to provide clients with a highly personalised investment management service.”