This article was originally published in GoodReturns and has been reproduced in its entirety here.

https://www.goodreturns.co.nz/article/976505600/qualitative-reports-class-advice.html

Research provider FundSource will be able to deliver its reports direct to retail investors, now that they are classified as financial advice.

Monday, July 10th 2017, 6:00AM  6 Comments

by Susan Edmunds

It now has 36 qualitative fund reports available for nine fund managers.

In an update, head of FundSource Glen van Echten said the business could now classify its qualitative reports as class advice, which meant they could be given direct to retail investors. The information is available on the FundSource website.

Fund manager John Berry, of Pathfinder, said that was good news for product providers and investors.

“As class advice it is not personal to any single investor but applies to the category of investors who may be interested in a particular fund,” he said.

“Now that FundSource are comfortable the research papers are class advice we can make them available to all investors. Previously they were only available to wholesale investors.  More information in the hands of investors to help with decision making is a good thing – particularly when it is a research driven analysis of an investment product.”

FundSource has also entered into a partnership with Strategi to provide trainee advisers with free access to the FundSource Investor hub, along with access to all FundSource qualitative research reports while they are studying with Strategi.

The business has been through a period of change over recent years.

In 2015, it dropped its qualitative research functions when it partnered with Financial Express on a quantitative tool. Then it entered a strategic partnership in which Darren Howlin, managing director of research at unlisted managed funds service Research IP and former research manager at Lonsec, to conduct the qualitative research on FundSource’s behalf.

It issued its first qualitative report under that arrangement last May.

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While every care has been taken in the preparation of this information, Research IP makes no representation or warranty as to the accuracy or completeness of any statement in it including, without limitation, any forecasts. Past performance is not a reliable indicator of future performance. This blog post has been prepared for the purpose of providing general information, it is not personal financial advice and should not be relied upon as a substitute for detailed advice from your authorised financial adviser. You should, before making any investment decisions, consider the appropriateness of the information in this email, and seek professional advice, having regard to your objectives, financial situation and needs.

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