Singaporean fintech firm New Wealth has joined forces with Morningstar Research, part of American investment research firm Morningstar, to offer financial institutions in Asia information on unit trust and mutual funds.
New Wealth develops sales and advisory tools for relationship managers as well as self-directed investors.
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Morningstar Research’s unit trust and mutual funds data is intended at helping the Singaporean firm power its solutions for asset managers, retail banks, and life insurers.
Commenting on the alliance, New Wealth co-founder and CEO Loïc PITROU said: “Our Wealth tools and applications for end-customers and advisers help financial institutions cater to mobile-first investors, and enhance the discovery and illustration of mutual funds and asset allocations.
“Furthermore, Morningstar helps our clients by offering quality and detailed data and information on unit trusts and mutual funds.”
Morningstar Asia CEO Nick Cheung added: “Morningstar’s mission is to help investors reach their financial goals and combining New Wealth’s innovative tools and applications with our quality data will ultimately enhance the end user’s experience.”
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