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
AZ NGA’s CEO has unpacked how its recent $345 million debt facility from Barings will accelerate its advice network’s growth ambitions, and allow its largest firms to access a greater source of funding.
Research by Colonial First State has found women are reluctant to make retirement preparations, despite 62 per cent saying they feel that they are unable to achieve a comfortable retirement.
Managed accounts saw net inflows of $14.3 billion in the six months to 31 December, according to the latest IMAP FUM census.
The increased bids for Insignia from Bain and CC Capital value the company at $3.3 billion, while there is still a possibility for competing bids from rival players such as Brookfield.