Singapore-based New Wealth and Morningstar Research will 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 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 US-based data and research provider Morningstar, will provide New Wealth with unit trust and mutual funds information to power its solutions for retail banks, asset managers and life insurers.
Enhance Financial Knowledge
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,» said Loïc Pitrou (pictured above), co-founder and CEO at New Wealth.
Augmented Intelligence
The ongoing development of wealth management in ASEAN is powered by the growth of digital channels for wealth & 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.
«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,» Nick Cheung, CEO of Morningstar Asia, said.
