Netwealth selects Morningstar to provide software tools
Morningstar Australasia has been selected to provide software and research tools to financial advisers using Netwealth investment and superannuation platforms.
Under the agreement, advisers will have access to Morningstar's proprietary FundScreener tool and fund profiles through the Netwealth website.
Selected advisers will also be able to use the Adviser Research Centre, a web-based solution aimed specifically at dealer groups and advisers.
"Following an industry-wide tender, we found the coverage and quality of Morningstar's research to be first-class, and the technology underpinning the delivery excellent," Netwealth executive director Matt Heine said.
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.
