New financial services group launched
A new financial services provider, the MDS Financial Group, has been launched, aimed at providing retail and corporate clients with “independent investor advice”.
MDS Financial Group is the product of a merger between market data and information provider Bourse Data, international market data specialist MDSnews and private client adviser Cube Financial.
The name change to the MDS Financial Group reflects the new focus of the combined group, which keeps MDSnews’ ASX listing.
Advice services include investor education, online stock recommendations, online trading, private client phone service, and information and tools.
MDS Financial Group executive director Alun Stevens said the new entity would “provide investors with the best independent tools and information and let them choose their level of involvement”.
“They can rest assured that we are not obliged to push them into certain investments or investment behaviours, as is the case with too many providers, and that all information is bias-free,” he said.
Maintaining independence across service lines such as private client advice, online execution and education was central to the new group’s offering, according to Stevens.
“This level of independence is something the big end of town cannot deliver.”
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