TORONTO, Nov. 27 /CNW/ - Morningstar Canada, a wholly owned subsidiary of
Morningstar, Inc. (NASDAQ: MORN), today announced that DundeeWealth Management
has selected Morningstar, Inc. as a third-party provider of equity research
and ratings for its financial advisors.
Approximately 550 DundeeWealth advisors will have access to Morningstar
equity research on approximately 2,000 stocks across 130 industries worldwide.
Morningstar's independent equity research provides advisors with global
coverage of stocks by more than 100 Morningstar analysts and insightful
reports that include an investment thesis, competitive overview, Fair Value
Estimates underpinned by rigorous valuation models, risk level assessment, and
access to the Morningstar Rating(TM) for stocks, automatically updated every
trading day. Morningstar's equity research provides DundeeWealth advisors with
an independent perspective that helps them effectively build and monitor
client stock portfolios.
"Morningstar satisfies the demands of advisors with equity research that
delivers an independent perspective, consistent methodology, and brand-name
recognition," said Scott Mackenzie, president and CEO of Morningstar Canada.
"Our approach delivers in-depth perspectives to advisors and investors who
know Morningstar as a leading independent source for objective investment
information. Our analysts speak candidly about the companies they cover and
provide analysis based on sound principles. We're pleased to make this
research available to DundeeWealth's advisors."
"DundeeWealth Management is committed to providing our advisors with
access to leading independent research," said Dan Brintnell, executive vice
president and co-head, retail division for DundeeWealth. "Morningstar provides
the global independent footprint demanded by our advisors and their clients,"
added Jim McClocklin executive vice president and co-head, retail division.
About Morningstar, Inc. and Morningstar Canada
Morningstar, Inc. is a leading provider of independent investment
research in the United States and in major international markets. The company
offers an extensive line of Internet, software, and print-based products and
services for individuals, financial advisors, and institutions. Morningstar
provides data on more than 260,000 investment offerings, including stocks,
mutual funds, and similar vehicles. The company has operations in 18 countries
and minority ownership positions in companies based in three other countries.
Morningstar Canada is a wholly owned subsidiary of Morningstar, Inc.
About DundeeWealth Management
DundeeWealth is a Canadian owned, diversified wealth management company.
Through its various subsidiaries, DundeeWealth creates innovative asset
management, alternative investments and provides investment solutions. In
addition, DundeeWealth provides capital markets and advisory services to
financial advisors, institutions, corporations and foundations, and provides
retail banking services through financial advisors. DundeeWealth oversees
$61.8 billion in assets under management and administration through
independent financial advisors across Canada. It is listed on the Toronto
Stock Exchange (TSX:DW).
(C)2007 Morningstar, Inc. All rights reserved.
For further information:
For further information: Media Contact: Isabell Grygianiec, (416)