Morningstar Investment Adviser Singapore, a subsidiary of investment research provider Morningstar, has secured licence from the Monetary Authority of Singapore (MAS) to offer financial advisory services in the country.
The licence will enable the firm to provide investment advice through publications, thematic reports and individual analyst reports on securities to the local market through its websites and products.
Morningstar Asia CEO Nick Cheung said: “We have built a reputation as an objective and credible source for investors and advisors around the world because we translate data and information into research that provides analytical and visual tools to help them make informed decisions.
"We are pleased that this license enables us to build a team on the ground in Singapore that will leverage Morningstar’s global capabilities to deliver top-notch insights to local individual and professional investors.”
The company offers data on nearly 540,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on nearly 18.5 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets.