Established research houses still dominate
The well-established incumbent research houses such as Morningstar, Lonsec and Zenith dominate the investment research space, according to new research released by platform provider, Netwealth.
A new Netwealth whitepaper, released this month has described Morningstar, Lonsec and Zenith with usage rates among advisers of 65 per cent, 44 per cent and 24 per cent respectively, represent the technology leaders when it comes to investment research, portfolio analysis and selection.
“However, for businesses whose client bases have larger account balances ($500,000+), the less traditional investment research technologies are gaining some more traction,” it said.
The whitepaper suggested that new entrants faced a challenge in gaining a foothold, pointing to the fact that “emerging players with novel approaches to investment analysis and research, like TipRanks, SelfWealth, Fincast and Macrovue are yet to achieve much adoption to date”.
Recommended for you
There is one specific risk that is a significantly higher concern for financial services directors compared to companies overall and is impacting their risk appetite, according to the AICD.
Global fund managers are shunning bonds, with the asset class seeing the largest drop in allocations in more than 20 years.
Australian Ethical has seen its funds under management reach $10 billion, driven by organic customer growth and superannuation contributions.
Financial advisers will have access to private equity investments run by WTW for the first time as it launches a pooled fund to provide savers with access to traditionally institutional assets.
