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Morningstar acquires OBSR

Morningstar UK has acquired Old Broad Street Research for £11.95m subject to post-closing adjustments.

Richard Downs and Richard Romer-Lee, co founders of OBSR, will continue to lead the business with Nigel Whittingham who joined from Insight.
The new subsidiary will be called OBSR, a Morningstar company.

In a statement Downs, managing director of OBSR, says: “The investment andadvice world is changing, particularly with the introduction of the Financial Services Authority’s Retail Distribution Review.

“As part of Morningstar, we will be able to leverage its core skills in research, design, technology, and data to develop a best-in-class solution that builds on our experience in this area.”

OBSR was established in 1999 after Downs and Romer-Lee purchased the research business of Buck Investment Consultants.

Don Phillips, president of fund research for Morningstar, says: “The addition of OBSR will also help us expand our investment consulting presence in the United Kingdom, where we already provide asset allocation, manager selection, and portfolio construction services to institutions and intermediaries.

“OBSR’s expertise in research and analysis, along with its complementaryinvestment consulting capabilities, will allow us to better serve our clients.”



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There are 2 comments at the moment, we would love to hear your opinion too.

  1. That is fantastic news for Morningstar. Now we’ll have to take their Adviser Workstation much more seriously, assuming that OBSR research is avalialable on it, of course.

  2. Is it me or does this merger remind everyone of the Japs attacking Pearl Harbour?

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