The solution combines Morningstar's methodologies and data to
help advisors deliver tailored plan recommendations based on risk
preferences, values, and investment goals with the push of a
button
CHICAGO, Jan. 26,
2023 /PRNewswire/ -- Morningstar, Inc. (Nasdaq:
MORN), a leading provider of independent investment research, today
announced the launch of the Investment Planning Experience, a new
workflow within Morningstar Advisor WorkstationSM that
empowers advisors to create comprehensive, personalized investment
plan recommendations to clients. The Investment Planning Experience
brings together Morningstar's independent investment data,
research, and ratings with investment planning capabilities to help
drive successful investor outcomes.
"Advisors are increasingly facing pressure to differentiate
themselves because clients today expect personalized investment
recommendations. The Investment Planning Experience is an
end-to-end solution that helps advisors create investment plans
that are centered around the investor's goals and values
preferences," said Vimal Vel,
Morningstar's head of enterprise advisor software. "The integration
in the system provides advisors with one tool for goals, risk,
research, and more, eliminating technological hurdles and bringing
clear, digestible insights to investors."
The Investment Planning Experience operates as a central hub for
personalized investment planning within Morningstar Advisor
Workstation. The workflow surfaces different financial
considerations – including risk tolerance, sustainability
conviction, and goals – and enables advisors to optimize clients'
portfolios to reflect those preferences. These factors are then
combined and optimized into investment plan recommendations that
advisors can share with clients.
"The Investment Planning Experience considers the context of an
investor's full financial picture, which builds a deep level of
engagement and trust between advisor and client," said Vel. "As
regulatory changes require all firms to demonstrate their advisors
are acting on investor's best interests, this robust and
customizable solution clearly establishes an understanding of
client preferences, whilst meeting all requirements."
The Investment Planning Experience is now integrated and
accessible to advisors and enterprises in Morningstar's web-based
platform for financial professionals, Morningstar Advisor
Workstation. Learn more here.
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
products and services for individual investors, financial advisors,
asset managers and owners, retirement plan providers and sponsors,
and institutional investors in the debt and private capital
markets. Morningstar provides data and research insights on a wide
range of investment offerings, including managed investment
products, publicly listed companies, private capital markets, debt
securities, and real-time global market data. Morningstar also
offers investment management services through its investment
advisory subsidiaries, with approximately $239 billion in assets under advisement and
management as of September 30, 2022.
The Company has operations in 29 countries. For more information,
visit www.morningstar.com/company. Follow Morningstar on Twitter
@MorningstarInc.
©2022 Morningstar, Inc. All Rights Reserved.
MORN-P
Morningstar Media Contact:
Michael Claussen, +1 312 696-6037
or newsroom@morningstar.com
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SOURCE Morningstar, Inc.