Morningstar Australasia, the wholly-owned subsidiary of investment research firm Morningstar Inc, has been chosen to provide software and research tools to financial advisors using the investment and superannuation platforms of Netwealth.

Netwealth has a network of around 1,100 advisors across Australia who collectively represent around A$5 billion (US$5.1 billion). 

By adopting Morningstar's capabilities, advisors will have access to the Morningstar FundScreener tool and fund profiles. Selected advisors will also have access to the Morningstar Advisor Research Centre, a web-based solution designed for advisors and dealer groups.

Morningstar provides data on stocks, mutual funds and similar vehicles and operates in North America, Europe, Australia and Asia.