Calling the move an “aggressive” step into “the competitive landscape,” John Fennelly, the firm’s global head of Wealth Management, said the expanded data will come at no additional charge to InvestmentView subscribers. “But it will bring the best of what Lipper has to offer–which is the type of data used by institutional investors–combined with the online investment tools that encourage aggressive growth. Post-merger resources, he added, have enabled the firm to take a more aggressive strategy in the advisor community. The Lipper classification data covers open end, closed end and exchange traded funds.
InvestmentView, which is part of the Thomson ONE platform, is used by 85,000 firms ranging from large investment managers to small RIA shops who seek fund recommendations for their clients. Fennelly compares it to Morningstar Principia Pro, the service he considers to be “the competition.” It is a “natural extension of the foothold we’ve had in the institutional world,” he said. “You could say this is a normal upgrade [to InvestmentView] that’s far from normal.”