Raymond James to Offer Morningstar Research Suite in UK

Nick Parmee

15 July 2008

Raymond James Investment Services is to join Morningstar’s Select Alliance programme. Under the agreement RJIS will offer its affiliates the Morningstar Adviser Workstation, a suite of investment research and analytical tools. The Adviser Workstation will be available to RJIS affiliates at a subsidised rate, providing value to advisors holding collectives within client portfolios.

RJIS has recently seen its asset mix change from 70 per cent securities and 30 per cent collectives to a 50-50 mix, reflecting trends in the wealth management industry. The addition of Morningstar Adviser Workstation to the RJIS platform is thus seen as a significant enhancement, enabling advisors to carry out extensive research across UK registered funds, offshore funds, investment trusts, and UK ETFs as well as UK unit-linked life and pension funds.

Peter Moores, RJIS chief executive officer, said: “We are particularly impressed with the depth of collectives data, and look forward to further enhancements that are planned to incorporate equity data. We also like the resources that assist advisers to create investor policy statements for their clients.”

RJIS is the UK private client investment management arm of Raymond James Financial, a diversified financial services company headquartered in Florida.