SYDNEY, 8 December 2011 — Morningstar Australasia, a subsidiary of Morningstar, Inc. (NASDAQ: MORN),
a leading provider of independent investment research, has been selected to provide investment research
to Australian Unity Personal Financial Services.
Australian Unity Personal Financial Services has 78 financial advisers across Australia collectively representing approximately A$1.0 billion in funds under advice and a loan book of A$311.0 million.
"We're pleased to put our capabilities and resources to work for Australian Unity's advisers and their clients," said Morningstar Australasia Chief Executive Anthony Serhan. "This represents further recognition of the quality, depth, and ease of use of our adviser research solutions. Australian Unity's advisers and their clients will benefit from our commitment to continued investment in research and technology."
Morningstar is providing Australian Unity advisers with research on managed funds, exchange-traded funds, stocks, and hybrids, as well as economic and investment commentaries, model portfolios, and monitoring and input into the investments on the Australian Unity approved product list. The research is delivered through Morningstar® Adviser Research CentreTM, a web-based solution developed specifically for dealer groups and advisers that also includes proprietary Morningstar tools such as Morningstar® FundScreenerTM, Morningstar® Portfolio X-RayTM, and Morningstar® Investment IllustratorTM.
"Morningstar's offering was the right fit for our existing needs, and also best equips us for the future development of our business," said Steve Davis, General Manager Personal Financial Services at Australian Unity Personal Financial Services.
About Morningstar Australasia and Morningstar, Inc.
Morningstar Australasia Pty Limited is an Australian subsidiary of Morningstar, Inc., 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 individuals, financial advisers, and institutions. Morningstar provides data on approximately 330,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than five million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its registered investment adviser subsidiaries and had more than US$167.0 billion in assets under advisement and management at 30 September 2011. The company has operations in 26 countries.
About Australian Unity Personal Financial Services
Australian Unity is a national healthcare, financial services, and retirement living organisation providing services to 560,000 Australians. The company has approximately 285,000 members nationwide, including more than 10,000 members who have been with the group for more than 50 years. Australian Unity's Personal Financial Services business offers financial planning advice and finance broking. The business is fee for service, focused on the best interests of clients, and designed to provide accessible personal financial services to Australians. Australian Unity Personal Financial Services had more than A$1.0 billion in funds under advice and a loan book of A$311.0 million at 30 June 2011.