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Morningstar launches investment analysis platform for wealth management

Published 08 May 2018

Morningstar has launched Morningstar Direct for Wealth Management, a software solution enabling collaboration across the enterprise.

Morningstar Direct for Wealth Management extends investment coverage through Morningstar independent data and research, enables cross-team collaboration, and delivers a seamless end-to-end workflow including portfolio analytics, research, and data needed to develop and refine product offerings, alongside the convenience of a cloud-based infrastructure.

Morningstar Direct for Wealth Management features risk model and scenario analysis, a sample of which is pictured here.

Morningstar's chief product officer Tricia Rothschild said: "Manager research teams are facing increasing scrutiny around due diligence and the manager selection process to prove they are aligned to their clients' needs. By streamlining communication through one platform, manager researchers, due diligence teams, and portfolio strategists can collaborate and connect with client-facing advisors in real time in order to share critical updates across firm locations.

"This new edition of Morningstar Direct Cloud showcases a new workflow for wealth management users and our ongoing investment in proprietary data and research."

Morningstar Direct for Wealth Management addresses the challenges wealth management professionals face including organizational alignment, disparate technology solutions, and changes in the regulatory environment.

The platform provides a comprehensive solution, addressing these obstacles by consolidating technology usage, simplifying the compliance process, and demonstrating best-interest product shelf decisions.

New features of the platform include data points such as active share and environmental, social, and governance (ESG) data, custom data integration, risk model analytics and scenario analysis, custom scorecards, team notifications that allow firm-wide updates on relevant investments, as well as the option for client account analysis configuration.

Join Morningstar at the annual 2018 Investments & Wealth Institute Conference Experience (formerly IMCA) on May 6-9, 2018 in Nashville, Tenn., to view a demo of Morningstar Direct for Wealth Management and learn more about the next generation of Morningstar software at Booth 805.

Recently, Morningstar hosted a webinar on "How to Avoid Picking Lemons in Your Portfolios," sharing how Morningstar's analysts put recommended investment lists together and how teams can mitigate risky investments with scenario analysis and risk modeling tools using Morningstar Direct for Wealth Management.

Morningstar Direct for Wealth Management is currently available for wealth management firms, regional and private banks, trust companies, multi-family offices and registered investment advisors. Existing Morningstar Direct users can upgrade to the Morningstar Direct for Wealth Management cloud edition at any time.

Source: Company Press Release