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
Licensee Centrepoint Alliance has completed the acquisition of Brighter Super’s annual review service advice book, via Financial Advice Matters.
ASIC has launched court proceedings against the responsible entity of three managed investment schemes with around 600 retail investors.
There is a gap in the market for Australian advisers to help individuals with succession planning as the country has been noted by Capital Group for being overly “hands off” around inheritances.
ASIC has cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager.
