Mercer and Morningstar Inc. are teaming up to create a digital platform for institutional investment manager data, performance analytics and qualitative research.
“Investors and their advisors do not have comprehensive resources for institutional strategies research and data,”said Rich Nuzum, global president of Mercer’s wealth business, in a press release. “Working together with Morningstar, we can give investors and their advisors an extensive and deep view of their opportunity set and costs, empowering them to make better, overall investing decisions.”
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Institutional investors and consultants, as well as asset managers and financial advisors, will be able to access the platform through Morningstar Direct. The two firms intend to map the information that’s currently part of MercerInsight into the new system. The platform, which will be rolled out by region, is expected to be available in Canada and the U.S. by the first quarter of 2019.
“We’ve seen how asset management firms, investment consultants and wealth managers have struggled to find a comprehensive, forward-looking, qualitative research solution at the strategy and share-class level,” said Tricia Rothschild, chief product officer at Morningstar, in the release. “We selected Mercer for this venture to close that gap by developing a global solution that will help advisors, asset managers and investment consultants focus decision-making and create new investment options for the end investor, driving stronger outcomes.”
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