The research house will enable Westpac’s Online Investing division to distribute daily investment emails to its clients, incorporating Morningstar's fundamental equity data and content.
“We were excited to take on this project with Westpac Online Investing ... The service provides Westpac clients with relevant, high quality equity investment commentary and insights, accessible wherever they are,” Morningstar Australasia chief executive officer Anthony Serhan said.
“The initiative further illustrates Morningstar's ability to design, build, and implement technology solutions that meet the needs of institutional clients,” he added.
The emails include equity data, content on earnings announcements, dividends and valuation metrics, as well as market commentary, investment articles and videos.
They are also formatted so they can be easily accessed on either mobile phones or tablet devices, and the content can be customised for individual client’s portfolios.
“We have a strong established working relationship with Morningstar, who already provides research insights to our business. We're delighted that Morningstar has created a purpose-built solution to meet our business needs,” James Staltari, head of Westpac Online Investing said.
“We've invested substantially in recent years to cement our position as a leading provider of online broking services in Australia.
“This initiative, along with our improved smartphone and tablet trading apps, provides further demonstration of our commitment to investing in technologies that enhance the investing experience of our customers.”
