New Wealth Experience, a Singapore-based provider of mobile-first wealth tools and financial apps to financial institutions, is releasing an ESG service in partnership with Morningstar, the global independent investment research provider.
Morningstar’s research subsidiary has teamed with New Wealth to provide a sustainability profiler to financial advisors and investors. The idea is to enable relationship managers to produce fast solutions to clients in the area of environmental, social and governance-factored investments.
“With our recent acquisition of Sustainalytics, a globally recognized leader in ESG ratings and research, we can provide investors with ESG insights that allow for the personalization of portfolios across asset classes,” said Nick Cheung, CEO of Morningstar Asia in Hong Kong.
The New Wealth toolkit helps users determine sustainability preferences and generate an ESG profile. Then based on a proprietary scoring system, the solution provides suitable investment recommendations according to each individual profile.
Depending on institutional preferences, the profiling capability can recommend individual products such as equities, bonds, mutual funds and ETFs or portfolios, which are derived from Morningstar proprietary data, research and indexes.
”Pilot projects can be launched within a short timeframe of two weeks’ time using our cloud-first and white-labelled web solutions, together with proven connectors to Morningstar ESG data,” said Loïc Pitrou, Singapore-based co-founder and CEO at New Wealth.
New Wealth is a fintech that applies behavioral design, data-driven personalization and automated financial advice for use by relationship managers at financial institutions in Asia Pacific and the Middle East.