Australian Unity selects Morningstar as research provider
Australian Unity Personal Financial Services has selected Morningstar Australasia to provide research and analysis support.
Australian Unity has 78 financial advisers across Australia and represents around $1 billion in funds under advice.
Under the arrangement, Morningstar will provide the business with research on managed funds, exchange traded funds, stocks and hybrids through its web-based solution Adviser Research Centre.
Morningstar added that it would also offer economic and investment analysis, model portfolios, and monitoring and input into Australian Unity's approved product list.
Australian Unity general manager personal financial services Steve Davis said Morningstar's capabilities were the right fit for the company's existing needs and better prepares them for future business development.
Recommended for you
Digital advice tools are on the rise, but licensees will need to ensure they still meet adviser obligations or potentially risk a class action if clients lose money from a rogue algorithm.
Shaw and Partners has merged with Sydney wealth manager Kennedy Partners Wealth, while Ord Minnett has hired a private wealth adviser from Morgan Stanley.
Australian investors are more confident than their APAC peers in reaching their financial goals and are targeting annual gains of more than 10 per cent, according to Fidelity International.
Zenith Investment Partners has lost its head of portfolio solutions Steven Tang after 17 years with the firm, the latest in a series of senior exits from the research house.
