The formermanaging director of Morningstar, Graham Rich, has signed joint venture agreements with Plan-for-Life and Resnik Communications, as part of the role out of his new research enterprise, Brillient.
The two groups will provide the raw data for two of Brillient’s planned new information and marketing projects. Plan-for-Life, an actuarial and research group, will be involved in what will be known as the Funds Market Monitor, a Web-based tool to be available to independent financial advisers from the end of June.
The Funds Market Monitor will review the flow of funds into the funds management industry, including what channels the funds are invested through, what platforms they come through and which managers are ultimately managing the money.
Brillient is also currently working towards the July release of a pilot version of its Portfolio Construction Monitor.
To be launched in conjunction with Resnik Communications, the Portfolio Construction Monitor will act as a recourse centre for independent financial advisers.
It will provide advisers signed up to the service with fund recommended lists, advice on tactical and portfolio asset allocations, and with an assessment of the ratings of fund managers given by other research groups.
Rich has also commenced work on the Fund Rating Monitor project, to be released at the end of May. This will review the relationship between the rating given to an Australian equities fund manager by a research house and its future performance.
