Assirt to research stocks
Research house Assirt is to add a stock market research arm to its operations after the purchase of an interest in LM Equities Research from Leodaritsis Morgan Holdings (LMH).
Research house Assirt is to add a stock market research arm to its operations after the purchase of an interest in LM Equities Research from Leodaritsis Morgan Holdings (LMH).
LM Equities was a wholly owned subsidiary of LMH, formed in a joint venture between Peter Leodaritsis and Roy Morgan Research, which sold its 50 per cent stake in the business to Assirt.
The purchase gives Assirt research capabilities in managed funds and individual shares. This has been an aim of the group for quite some time, according to Assirt marketing director Lisa Henderson.
"Assirt's objective has been to provide research within a one stop environment and this is part of that aim. We plan to integrate this into our research software and make it part of a complete solution available to financial planners," Henderson says.
The research arms will remain separate but be integrated in the delivery system with Assirt planning to use, shareanalysis.com, the delivery vehicle already in place for LM Equities.
Assirt director Brett Sanders says the new equities research elements will be rolled out as they are brought within the Assirt system but are not available yet as the deal has only just been completed.
LM Equities started up last year as the first independent institutional equities re-search company and provides in-depth coverage of 275 stocks across the financial services, technology, biotechnology and media sectors. Full coverage extends to1200 stocks covered by a team of 23 analysts and managers.
AUTHOR
Jason Spits
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