Morgan Stanley Wealth Management continues to push on with plans to expand its adviser base and broaden the range of services on offer to clients.
Following the company's joint venture with Citibank in June 2009, Morgan Stanley Wealth Management has added 45 advisers to its network and plans to continue building.
"We have been lucky, we have brought in a reasonable number of really good advisers and we have got no intention to stop that," Morgan Stanley Wealth Management chief executive officer Harry Parkinson told InvestorDaily.
"We continue to look out for high quality advisers to join our team. It has been something that we have been doing for the past two and half years and we are not going to stop," he said.
He explained that although there is unlikely to be any dramatic changes to the business before the end of the year, the company is already focused on its strategy for 2013.
"There are two or three areas in the business where we think we can improve our service level to the client and extend our offering," Parkinson said.
"We think there is appetite in those areas. So [we] continue to ensure that we're providing the client with everything that they need," he said.
Morgan Stanley Wealth Management has found that adviser sentiment has remained resilient despite several domestic and global challenges facing the market.
"They are remarkably resilient and they're working really hard. I would say there is a general expectation in the adviser business that things will improve. You've just got to continue doing business and servicing clients as best you can until then," Parkinson said.
