Mike Wright

Lonsec has reaffirmed its commitment to supporting financial advisers by making Target Market Determinations (TMDs) for the funds they rate available via their iRate® platform.

Lonsec CEO Mike Wright says, ‘As a distributor under Design, Distribution Obligations (DDO), we are only required to collect TMDs from product issuers, but as a business that is committed to helping Advisers and their clients, we want to make the TMDs available via our iRate® platform.’

Lonsec are working with Product Issuers to collect TMDs for all products they rate and will make these TMDs available as soon as possible after the DDO implementation date of 5 October.

iRate® is Lonsec’s market leading investment research platform providing financial professionals with access to our full range of financial product research, ratings and analytical tools. Powered by one of Australia’s largest investment research and consulting teams and combining cutting edge technology with an intuitive user experience, iRate® helps deliver investment research needs in one platform.

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