Morrison Securities Pty Limited (ABN 50 001 430 342) has been a Participating Organisation of the Australian Securities Exchange (ASX Group) since 1985 and was formerly known as BBL Financial Services Limited, an ING Group Company. With Morrison Securities as your broker, you can streamline your business operations or expand your service offerings, while benefiting from the experience and support of our professional team.
Note: The information provided in this review may be subject to change due to the constant updating of the company's services and policies. In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.
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What is Morrison？
Morrison is a prominent financial services provider operating in Australia, offering a comprehensive suite of solutions and services tailored to meet the diverse needs of its clientele. Catering to a wide range of clients, including Financial Advisers, Wealth Managers, Active Traders, Fund Managers, and Fintech platforms, Morrison provides innovative tools and platforms to streamline trading, portfolio management, and decision-making processes.
Morrison operates under the strict regulatory oversight of the Australia Securities & Investment Commission (ASIC). Through its trading, clearing, stock lending, capital raising, and international transaction services, Morrison empowers clients to navigate the financial markets with confidence, efficiency, and transparency.
Pros & Cons
Pros
Regulated by ASIC: Being regulated by ASIC ensures that Morrison operates within stringent standards, offering safety and reliability to clients.
Tailored Solutions: Morrison's ability to cater to a diverse clientele ensures that clients receive solutions that meet their specific needs and preferences.
Comprehensive Support: As a participant in multiple marketplaces, Morrison offers extensive support, enabling clients to access a wide array of investment opportunities.
Range of Services: Morrison provides a comprehensive suite of services, covering various aspects of financial transactions, from trading to international transactions.
Software Flexibility: Morrison offers flexibility in software options, accommodating various platforms and allowing clients to choose solutions that best suit their requirements.
Cons
Limited Financial Details: The lack of specific information on fees, account minimums, and other financial aspects requires clients to seek further clarification.
Transparency Issues: The absence of transparency regarding fees and account details could lead to uncertainty for clients.
Missing Information: Important details such as margin interest rates and mutual funds offered are not provided, which leaves clients with unanswered questions.
Is Morrison Safe？
Morrison is a regulated financial services provider operating under the oversight of the Australia Securities & Investment Commission (ASIC) in Australia, holding license No. 241737. This regulatory framework ensures that the company adheres to stringent standards designed to protect investors and maintain the integrity of the financial market. By adhering to the regulations set forth by ASIC, Morrison ensures that its operations are conducted with the utmost professionalism and accountability, instilling confidence in its clients and stakeholders.
Solutions & Services
Morrison offers tailored solutions catering to a diverse clientele including Financial Advisers, Wealth Managers, Active Traders, Fund Managers, and Fintech platforms. As an ASX, Cboe Australia, NSX, and SSX Market Participant, Morrison provides comprehensive support across multiple marketplaces, ensuring access to a wide array of investment opportunities.
For Financial Advisers and Wealth Managers, Morrison offers intuitive tools and platforms for streamlined order placement, robust watchlists, and in-depth portfolio analysis, empowering them to deliver superior service to their clients.
Fund Managers, Traders, and High Net Worth individuals benefit from Morrison's advanced trading solutions, encompassing options trading, risk management tools, and cutting-edge charting packages, enabling efficient execution and informed decision-making.
Additionally, Fintechs and Developers can leverage Morrison's APIs to build customized solutions, seamlessly integrating with their platforms and enhancing their offerings with market-leading functionality and data access.
Morrison provides a comprehensive suite of services encompassing trading, clearing, stock lending, capital raisings, and international transactions.
Through its trading services, clients gain access to various financial markets, facilitating seamless execution of trades across multiple asset classes.
The clearing services ensure efficient settlement and risk management, enhancing operational efficiency and reducing counterparty risk.
Additionally, Morrison's stock lending services enable clients to optimize their portfolios by lending out securities to other market participants.
For capital raisings, Morrison offers expertise and support in facilitating equity and debt issuances, assisting clients in raising funds for growth and expansion initiatives.
Moreover, Morrison's international services cater to clients' cross-border investment needs, providing access to global markets and facilitating international transactions with ease and efficiency.
Morrison Platforms Review
Morrison provides a diverse selection of software solutions tailored to suit various needs, ranging from order placement and watchlists to comprehensive client portfolio viewing and advanced charting packages.
The platform extends support to a range of reputable software options, including Iress offerings such as Viewpoint, Web, and Pro, as well as TradeCentre's Bourse Analyser, TC Web, and TC Wealth. Additionally, Morrison accommodates TradeFloor's specialized software for options trading and risk management needs. Furthermore, users can access the Refinitiv Eikon platform and Bloomberg Terminal's EMSX for comprehensive financial analysis and trading capabilities.
For those preferring customized solutions, Morrison offers flexibility with options like bringing your own software via FIX, webservices, and APIs, ensuring seamless integration and tailored functionality to meet diverse user requirements.
Technology
Morrison utilizes various technologies to support its services, including:
FNZ: Morrison leverages FNZ, a leading provider of technology solutions for the wealth management industry.
Specifically, they utilize FNZ's technology for clearing and settlement, which helps ensure efficient and accurate processing of trades.
Morrison also uses other FNZ services for portfolio management and other back-office functions.
Front Office:
Morrison offers a free advisory portal for its clients.
This portal allows advisors to view client accounts, generate reports, and manage their client relationships.
Iress / IOS:
This suggests that Morrison provides its clients with access to sophisticated trading tools and real-time market data.
Customer Service
Morrison provides a comprehensive and accessible customer support network. Their support team can be reached through different channels for ultimate convenience.
Phone: 1300 130 545
Email: contactus@morrisonsecurities.com
Head Office: L9, 255 George Street, Sydney, NSW 2000
Postal Address: PO Box R508, Royal Exchange, NSW 1225
Contact form
Conclusion
In conclusion, Morrison stands out as a robust and versatile financial services provider, offering a comprehensive suite of solutions tailored to meet the diverse needs of Financial Advisers, Wealth Managers, Active Traders, Fund Managers, and Fintech platforms. Regulated by ASIC, Morrison ensures adherence to stringent standards, enhancing client confidence in their operations. Their flexible support for various software platforms further strengthens their offering.
However, the lack of specific details on fees, account minimums, and other financial information leads to uncertainty for clients. Now, the ball's in your court when it comes to choosing whether to go with this broker or explore other options. Hopefully, this review has shed some light on your decision-making process.
FAQs
Is Morrison suitable for beginners？
While Morrison Securities offers robust tools and services suitable for experienced traders, financial advisers, and wealth managers, it may not be the best fit for beginners who might benefit more from platforms offering basic educational resources, user-friendly interfaces, and simpler investment options.
Is Morrison legit？
Yes, Morrison is regulated by the Australia Securities & Investment Commission (ASIC) under license No. 241737.
What markets does Morrison participate in？
Morrison is a participant in ASX, Cboe Australia, NSX, and SSX markets, providing clients with extensive market access and diverse investment opportunities.
What platforms and software does Morrison support？
Morrison supports various reputable software options such as: Iress (Viewpoint, Web, Pro), TradeCentre (Bourse Analyser, TC Web, TC Wealth), TradeFloor (Options Trading and Risk Management), Refinitiv Eikon platform, Bloomberg Terminal (EMSX), Custom solutions via FIX, webservices, and APIs.
Risk Warning
The information provided is based on WikiStock's expert evaluation of the brokerage's website data and is subject to change. Besides, online trading entails substantial risks, potentially leading to total loss of invested funds, so comprehending associated risks before engaging is crucial.
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