Morningstar Canada Launches Advisor Workstation 2.0, Providing Enhanced Usability and Collaboration Capabilities for Financia...
October 14 2011 - 9:00AM
PR Newswire (Canada)
TORONTO, Oct. 14, 2011 /CNW/ - Morningstar Research Inc., a
Canadian subsidiary of Morningstar, Inc. , today launched a
complete upgrade of Morningstar(®) Advisor Workstation(SM), its
research, portfolio analysis, and investment planning software
platform for financial advisors. The platform is available to
advisors affiliated with an enterprise or dealer groups starting
today. The new version incorporates the latest web technology with
interface and usability improvements. Based on user feedback,
Morningstar has designed a new user interface with more intuitive
navigation, an improved home page, and dozens of new features to
enhance usability, allowing advisors to work smarter and manage
their workflow more efficiently. "To develop Advisor Workstation
2.0 in Canada, we listened to feedback from our customers and
invested in significant technology upgrades to improve our software
platform," said Scott Mackenzie, president and chief executive
officer of Morningstar Research Inc. "The new technology
infrastructure allows us to deliver enhancements more efficiently
and to align with the evolving business needs of advisors and
better serve them and their clients." One of the most requested new
features Morningstar added is the ability for Advisor Workstation
users to work collaboratively with their peers, either a group
within an office or across multiple offices, via a new file sharing
feature. Any record or file in Advisor Workstation that can be
saved can also be shared with colleagues who are registered users,
and advisors can customize permissions to each user and file. The
home page has a number of new features to help advisors work more
efficiently, including the ability to personalize the page's view
to meet their needs. A quick-start feature allows advisors to
launch their most frequently used tools with one click. Advisors
can now generate popular reports like Investment Detail Reports and
Quicktakes directly from the home page and prominently display
their most recently modified files for easy access. Advisor
Workstation is still available on a modular platform that allows
firms to configure to their specifications. The core capabilities
of Advisor Workstation's existing modules have not changed. The
functionality and usability improvements include: -- The new
Clients & Portfolios Module allows advisors to store and
monitor all of their client's portfolios. The "Householding"
feature in this module allows advisors to define and assign
multiple family members to one household for aggregation purposes.
-- The Research Module now offers streamlined search logic to help
advisors find securities faster, the ability to view four times as
many on-screen results as in the previous version of Advisor
Workstation, and a new "All Securities" universe that permits
searches and lists across investment types. New investment
universes are also available for North American equities and
exchange-traded funds (ETFs). -- The Hypotheticals Module allows
users to construct realistic and fully customized investment
scenarios of past security and/or portfolio performance with
different start dates, investment amounts, contribution, withdrawal
schemes, and fees. -- The new Planning Module introduces a true
portfolio construction capability to Advisor Workstation; the
step-by-step workflow includes risk assessment, customized asset
allocation, and portfolio construction functionalities. For more
information, please visit
http://www.morningstar.ca/industry/articles/Advisor_Workstation_2.0_Brochure.pdf.
About Morningstar Morningstar Research Inc. is a Canadian
subsidiary of Chicago-based Morningstar, Inc., a leading provider
of independent investment research in North America, Europe,
Australia, and Asia. The company offers an extensive line of
products and services for individuals, financial advisors, and
institutions. Morningstar provides data on approximately 400,000
investment offerings, including stocks, mutual funds, and similar
vehicles, along with real-time global market data on more than 5
million equities, indexes, futures, options, commodities, and
precious metals, in addition to foreign exchange and Treasury
markets. Morningstar also offers investment management services
through its registered investment advisor subsidiaries and has more
than $180 billion in assets under advisement and management as of
June 30, 2011. The company has operations in 26 countries. ©2011
Morningstar. All Rights Reserved. Morningstar Research Inc.
CONTACT: Media Contact: Jaime Aitken, 416-484-7868 or
jaimelyn.aitken@morningstar.com
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