Morningstar launches web-based research product
Morningstar has launched what it describes as a web-based research solution combining data on Australian and New Zealand listed companies – Morningstar DatAnalysis Premium.
Announcing the move this week, Morningstar Australasia chief executive Anthony Serhan said more than 20 years of company financials and annual reports dating back to the 1970s would now be available with a single log-in, providing a real edge for researchers and increased efficiencies in analysis.
"DatAnalysis Premium's combination of comprehensive historical ASX filings and company reports with wide-ranging, detailed fundamental financial data provides a very powerful solution for company analysis,” he said.
Serhan said users could reset the clock to an important point in a company's history, read what management was thinking, view historical financials to that point and what transpired afterwards, and compare the data with other companies in the same sector.
“The ability to easily create benchmarks for a relevant peer group is an extremely valuable functionality, while the library of more than 50,000 company reports dating back to the 1970s makes DatAnalysis Premium the living memory of public companies in Australia," Serhan said.
Recommended for you
ASIC has released the results of its first adviser exam to be held in 2025, with 241 candidates attempting the test.
Quarterly Wealth Data analysis has uncovered positive improvements in financial adviser numbers compared with losses in the prior corresponding period.
Holding portfolios that are too complex or personalised can be a detractor for acquirers of financial advice firms as they require too much effort to maintain post-acquisition.
As the financial advice profession continues to wait on further DBFO legislation, industry commentators have encouraged advisers to act now in driving practice efficiency.
