Morningstar offers SMA tools to advisers
Morningstar Australia will provide financial advisers with access to the equities selection tools and lists used by the research house to build its separately managed accounts and direct share investing models.
The research house will provide three pre-set lists around direct equity investments as part of its new Preferred Stock List tool accessible via its online Adviser Research Centre, stating the tool will be customisable for dealer group needs and uses.
Morningstar stated the new tool would access the research group's analyst recommendations and ratings around equities and would allow advisers to select different combinations of ratings and research in line with a client's views on risk.
Morningstar Australasia Head of Adviser Solutions, Andrew Whelan, said the new tools provided access to Morningstar's proprietary equity research and went well beyond buy or sell ratings.
"Using the Preferred Stock List will also help ensure that stock selection and portfolio construction are based on an independent, globally vetted research process, helping to satisfy compliance requirements and contribute to better outcomes for investors," Whelan said.
Morningstar said the Preferred Stock List was the starting point for its construction of direct share portfolios, which it offers as models or separately managed accounts with the ratings drawn from its team of Australian and New Zealand equity analysts and strategists.
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Jason Spits
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