The venture is expected to drive the marketing of Morgan Stanley’s structured products to retail investors forward and strengthen the company’s distribution capability and broaden the adviser base.
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Gilliat managing director Adrian Neave said that the firm has no immediate plans to distribute the products through restricted advisers.
Marc Chamberlain, executive director at Morgan Stanley commented: "We already have an established relationship with Gilliat, having worked with the firm for a number of years as an asset provider.
"We are delighted to extend this to the distribution of our products. Gilliat is a highly respected firm and we expect the venture to be of great benefit to both parties as well as to our wider client base," Chamberlain added.
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