Placing Mortgage Choice Under Review
We are placing no-moat rated Mortgage Choice under review following a joint media investigation by Fairfax Media and the ABC, slashing its share price by about 20%. Claiming being treated unfairly, 173 Mortgage Choice franchisees are considering legal actions against the company, which account for about 38% of their 452 franchisees as at first half 2018. Regarding the investigation, Mortgage Choice made an announcement yesterday on its intention to review the franchisee remuneration structure, w...Mortgage Choice is engaged in mortgage broking. Co.'s activity includes: the provision of assistance in determining the borrowing capacities; the assessment, at the request of those borrowers, of a range of home loan or other products; and the submission of applications on behalf of prospective borrowers.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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