Industrial Alliance Securities will now use Morningstar Canada as its independent equity research and ratings provider.

Industrial Alliance Securities advisors will have access to Morningstar research for approximately 2,000 stocks across 130 industries worldwide.

More than 100 Morningstar analysts provide advisors with global coverage of stocks and reports that include an investment thesis, competitive overview, Fair Value Estimates underpinned by rigorous valuation models, risk level assessment, and access to the Morningstar Rating for stocks.

Information is automatically updated every trading day by comparing analysts’ Fair Value Estimates to each stock’s market price.

“By recalculating daily, the ratings quickly adapt to market fluctuations, which helps steer investors toward undervalued opportunities and away from overvalued ones,” said Scott Mackenzie, president and CEO of Morningstar Canada. “The rating is also risk-adjusted, making it more difficult for a company with above-average business risk to earn a 5-star rating.”

“With this research, Industrial Alliance Securities’ advisors will be able to provide more timely, more in-depth, more informed and more accurate advice to their clients,” said Lise Douville, President of Industrial Alliance Securities.