Netwealth, Australia’s largest non-institutional platform, has entered into an exclusive platform arrangement with global fintech firm TipRanks (www.tipranks.com) to provide research on all major shares listed on US markets making it easier to identify US opportunities and track analyst recommendations.
The tightly integrated offer, which is now live, allows advisers and clients to see buy, sell and hold recommendations for major US stocks, view consensus price targets and see trending stocks
(As of writing Netflix has been rated in the last few days by 5 analysts with 3 buys and 2 sells).
Commenting on the new partnership, Matt Heine, Joint Managing Director said:
“We continue to focus on helping our clients see wealth differently. In addition to providing a huge amount of information not generally available in Australia all the information is graphically rich, easy to interpret and quick to access directly from the platform.”
“This is an important step in building out our fintech ecosystem. We are partnering with highly relevant and technology smart companies to assist advisers and their clients make the most of their super and investments.”
TipRanks is a financial accountability engine that uses machine learning and natural language processing algorithms to measure the performance of sources giving online investment advice for shares listed on the US markets.
TipRanks allows users to see the track record and performance of source stock analysts, bloggers, hedge funds, or corporate insiders dating back to January, 2009 and uses factors such as the Tipranks Star Ranking calculation which combines both the Success Rate and Average Return for each financial expert.
Uri Gruenbaum, CEO and founder of TipRanks stated: “As part of our current global expansion we are very proud to be working with the team at Netwealth and their strong client base in delivering powerful and comprehensive interactive research tools and guidance to investors.”