Chicago headquartered Investment research and investment management firm Morningstar will now be able to provide financial advisory services in Singapore.
The Monetary Authority of Singapore (MAS) has granted Morningstar Investment Adviser Singapore a license to provide financial advisory services in the city-state, Morningstar said in a statement today.
As an entity licensed by the MAS, Morningstar Investment Adviser Singapore can now provide investment advice through publications, thematic reports, and individual analyst reports on securities to the local market through Morningstar websites and products.
The U.S. firm provides data on nearly 540,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on approximately 18.5 million equities, indexes, futures, options, commodities, and precious metals.
As well as Singapore the company has operations in 27 countries and as of 30 September 2016 it has more than $200 billion in assets under advisement and management.
«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,» said Nick Cheung, (pictured) CEO of Morningstar in Asia.
The licence will now enable Morningstar to build a team on the ground in Singapore that will leverage on Morningstar’s global capabilities.
