Mesirow Financial Selects Morningstar Office as Portfolio Accounting and Performance Reporting Platform
November 23 2009 - 10:30AM
PR Newswire (US)
CHICAGO, Nov. 23 /PRNewswire-FirstCall/ -- Morningstar, Inc.
(NASDAQ: MORN), a leading provider of independent investment
research, today announced that Mesirow Financial, a diversified
financial services firm, is now using Morningstar Office(SM) as the
platform for offering portfolio accounting and performance
reporting capabilities to the firm's introducing broker-dealers and
investment advisors. Morningstar Office, previously Morningstar
Advisor Workstation Office Edition, is a complete global practice
and portfolio management platform for independent financial
advisors and wealth managers. Designed so that advisors can run an
entire practice effectively on its single, all-inclusive system,
Morningstar Office features the most current Morningstar research
and data on more than 325,000 securities. The platform also
includes sophisticated investment planning tools, complete
portfolio accounting and performance reporting capabilities,
practice and client management tools, e-mail and calendar
functions, batch reporting, a client Web portal, and SEC document
archiving. In addition, advisors can manage client data with
Morningstar® Back Office Services(SM), an optional offering that
allows them to focus on building their businesses, leaving the
daily import and reconciliation chores to Morningstar. Both the
solo practitioner and multi-advisor firms can use its practice
management tools. "Mesirow Financial is an independent clearing
firm known for its personalized service and support, so we're
pleased the Mesirow Financial team selected Morningstar Office to
satisfy its performance reporting and investment planning needs,"
said Hailin Li, vice president of advisor office solutions for
Morningstar. "The introducing broker/dealers and investment
advisors that clear through Mesirow Financial will now have access
to leading-edge portfolio accounting and performance reporting
capabilities, integrated with Morningstar's robust databases,
detailed analytics, and clear and concise analyst reports." "We
continually seek state-of-the-art technology as a way to provide
best-of-breed solutions to the introducing broker/dealers and
investment advisors that clear through our platform," said Ruth
Hannenberg, senior managing director and head of Mesirow
Financial's Broker/Dealer and Investment Advisor Services group.
"That's why we're so excited to work with Morningstar, a firm that
shares our dedication to excellence in both products and client
service. With Morningstar Office, we can offer our clients a truly
comprehensive practice management solution with seamless data
integration." About Morningstar, Inc. Morningstar, Inc. is a
leading provider of independent investment research in North
America, Europe, Australia, and Asia. The company offers an
extensive line of Internet, software, and print-based products and
services for individuals, financial advisors, and institutions.
Morningstar provides data on more than 325,000 investment
offerings, including stocks, mutual funds, and similar vehicles,
along with real-time global market data on more than 4 million
equities, indexes, futures, options, commodities, and precious
metals, in addition to foreign exchange and Treasury markets. The
company has operations in 20 countries and minority ownership
positions in companies based in two other countries. About Mesirow
Financial Mesirow Financial is a diversified financial services
firm headquartered in Chicago. Founded in 1937, it is an
independent, employee-owned firm with over $30 billion in assets
under management and 1,200 employees in locations across the
country and in London. With expertise in Investment Management,
Investment Services, Insurance Services, Investment Banking,
Consulting and Real Estate, Mesirow Financial strives to meet the
financial needs of institutions, public sector entities,
corporations and individuals. For the fiscal year ended March 31,
2009, the firm posted $467 million in revenue, with $250 million in
capital. For more information about Mesirow Financial, visit its
Web site at mesirowfinancial.com. ©2009 Morningstar, Inc. All
rights reserved. MORN - P Media Contacts: Shawn Malayter,
312.696.6050, Laura Davies, 312.595.6831, DATASOURCE: Morningstar,
Inc. CONTACT: Shawn Malayter of Morningstar, Inc., +1-312-696-6050,
, or Laura Davies of Mesirow Financial, +1-312-595-6831, Web Site:
http://www.morningstar.com/
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