Lonsec's Research House of the Year title hopes under pressure
Leading the way after the first part of the Money Management Rate the Raters survey, Lonsec's place as the number one research house was put under pressure when the dealer groups had their say.
With the Research House of the Year to be announced on Thursday, Money Management can reveal that Lonsec's title hopes took a hit as the views of dealer groups were taken into account.
Having secured an 85.7 per cent 'good' to 'excellent' result in the 2013 Dealer Group survey for its overall performance, Lonsec's combined 'good' to 'excellent' rating slipped to 44.44 per cent in this year's survey.
However the proportion of those rating Lonsec's overall performance as 'excellent' jumped from 7.1 per cent to 22.22 per cent this year, one of just four categories where the research house experienced an increase in its 'excellent' rating from dealer groups.
Dealer groups also reported a decline in their views of Lonsec's fund and fund company research - which was ranked as the most important service a ratings house could offer - with its combined 'good' and 'excellent' ratings dropping from 100 per cent in 2013, to 90.91 per cent this year.
The quality of Lonsec's staff also fell in the eyes of dealer groups, with just 22.22 per cent scoring an 'excellent' rating in 2014, compared to 28.6 per cent last year.
For more on the Rate the Raters Dealer Group survey results, and to find out which ratings house has secured the title of Research House of the Year, see Thursday's print edition of Money Management or visit MoneyManagement.com.au later this week.
AUTHOR
Nicholas O'Donoghue
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