Morningstar Australasia, an Australian subsidiary of Morningstar, has acquired Aegis Equities Research, a provider of independent equity research, from Aegis Equities Holdings.
Aegis Equities Research was founded in 1999 and currently serves institutional, adviser, and retail clients. It operates a web-based research platform that includes proprietary equities research and market commentary on more than 200 Australian Securities Exchange (ASX)-listed companies for brokers, financial advisers, and other institutions.
Aegis also operates ShareAnalysis.com, a subscription-based website for individual investors, and publishes the ShareAnalysis weekly e-newsletter, which includes market news, analysis, and investment ideas. The Aegis business also provides model equity portfolios that can be licensed as a sub-advisory service for managed accounts or in ‘buy lists’.
Following the completion of the transaction, the founder of Aegis Equities Research will serve in a part-time consulting capacity for six months.
Morningstar is a provider of independent investment research in North America, Europe, Australia, and Asia. The company offers suite of internet, software, and print-based products and services for individuals, financial advisors, and institutions.