Singapore, Aug. 30, 2018 – New Wealth and Morningstar Research today announced a collaboration to provide unit trust and mutual funds information via New Wealth’s tools and applications to Asian financial institutions.
Headquartered in Singapore, New Wealth has developed clear-cut and easy-to-use sales and advisory tools and applications for both relationship managers and self-directed investors, supporting the effective transformation of local financial institutions across emerging markets.
Morningstar Research, a subsidiary of Morningstar, Inc. a leading provider of independent investment research, will provide New Wealth with unit trust and mutual funds information to power its modern solutions for retail banks, asset managers, and life insurers.
“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,” said Nick Cheung, CEO of Morningstar Asia.
Both New Wealth and Morningstar Research have recognized a strong need for digital platforms to capture investors’ needs with accessible content. While the financial industry often uses complex jargon, end investors need complex financial information communicated simply to enhance financial knowledge.
“Our wealth tools and applications for end-customers and advisors 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,” said Loïc Pitrou, co-founder and CEO at New Wealth.
The ongoing development of wealth management in ASEAN is powered by the growth of digital channels for wealth and asset management as well as the leverage on augmented intelligence and robo-advisory technologies to offer better wealth services at a lower cost to the fast growing Asian middle-class.
About Morningstar
Morningstar, Inc., the parent company of Morningstar Research Pte. Limited, is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offers an extensive line of products and services for individual investors, financial advisors, asset managers, retirement plan providers and sponsors, and institutional investors in the private capital markets. Morningstar provides data and research insights on a wide range of investment offerings, including managed investment products, publicly listed companies, private capital markets, and real-time global market data. The company has operations in 27 countries.
For further information
Stephanie Ho
Marketing & Communications Director, Asia ex-India
Morningstar Asia Limited
+852 2973 4655
Stephanie.Ho@morningstar.com
About New Wealth
New Wealth is a provider of breakthrough wealth apps and design-driven consulting services to financial institutions. The New Wealth team of design thinkers and senior practitioners is committed to bringing best-in-class digital experiences to Asian financial institutions, with a focus on digital channels for wealth and asset management. New Wealth delivers engaging wealth apps for clients to bring self-service capabilities within digital investing and savings, and modern digital sales tools for relationship managers to enhance client-facing interactions.
For further information
Loïc Pitrou, CEO
+65 3159 3120
info@newwealth.com.sg
http://newwealth.com.sg
Disclaimer
This press release is for information purpose only.
Some of the statements in this press release may be forward-looking statements or statements of future expectations based on currently available information. Such statements are naturally subject to risks and uncertainties. Factors such as the development of general economic conditions, future market conditions, unusual catastrophic loss events, changes in the capital markets and other circumstances may cause the actual events or results to be materially different from those anticipated by such statements. Neither New Wealth nor Morningstar Research makes any representation or warranty, express or implied, as to the accuracy, completeness or updated status of such statements. Therefore, in no case whatsoever will New Wealth, Morningstar Research or their affiliate companies be liable to anyone for any decision made or action taken in conjunction with the information and/or statements in this press release or for any related damages.
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