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Morgan Stanley Beefs Up Portfolio Offering

Morgan Stanley’s Consulting Services Group has added to its Custom Portfolio offering to more than 1,400 open-end mutual funds.
Reported by Fred Schneyer
Financial advisers may now use stocks, bonds, exchange-traded funds and mutual funds to construct diversified, comprehensive portfolios, a Morgan Stanley news release asserted.

Custom Portfolio is designed for clients who want a financial adviser to act as portfolio manager. Clients pay a single asset-based fee instead of commissions.

Morgan Stanley said it plans to increase the number of mutual funds in the six-year-old Custom Portfolio program and will continue to train more advisers throughout 2007. Advisers must qualify to be part of the program, the firm said.

More information is available at www.morganstanley.com.