Morningstar UK's acquisition of OBSR will have no bearing on its link-up with Cofunds to provide a researched fund list and model portfolios to advisers, says the platform.
Morningstar bought the fund research group and ratings agency for £11.95m, as announced on Monday, but Cofunds marketing and proposition director Alastair Conway says the deal will have no impact on its independence and service offering.
"We are very relaxed - OBSR have assured us they will continue to operate the business as they always have done," he says.
"We have always liked thier independence and have been assured that will remain. Their independence from Cofunds was pivotal in our decision with regard to the researched fund panel and model portfolios."
Conway hints the acquisition could also strengthen OBSR's proposition.
"They will be better resourced as a result of having a strong parent and the security that brings," he adds.
Cofunds launched its partnership with OBSR in December 2009.
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