CHICAGO, April 18, 2019 /PRNewswire/ -- Morningstar
Investment Management LLC, a leading provider
of discretionary investment management and advisory services and a
subsidiary of Morningstar, Inc. (Nasdaq: MORN), announced today
that it has launched its new advisor managed accounts platform. The
platform aims to make it easier for Registered Investment Advisors
(RIA) firms and their advisors to offer a managed accounts solution
to their retirement plan clients.
This solution is designed so that participants receive
personalized advice based on model portfolios aligned with the RIA
firm's investment expertise and philosophies. It can also help the
RIA firm generate new business opportunities and allows advisors to
offer personalized advice in a scalable manner. The platform will
be integrated with multiple recordkeepers to help ensure greater
coverage within an advisor's existing book of business.
"We believe participants can achieve a better retirement outcome
by receiving investment and savings advice that is personalized to
their specific situation," said Brock
Johnson, president of global retirement and workplace
solutions at Morningstar Investment Management. "By giving advisors
and RIA firms the platform and flexibility they need to support a
managed accounts offering, we can help even more participants make
more informed investing decisions to help achieve the outcomes they
seek."
CAPTRUST Financial Advisors is the first RIA firm to use the new
platform, and Schwab Retirement Plan Services will be the first
recordkeeper integrated into the service.
"Personalized, one-on-one investment advice makes a huge
difference, and Morningstar Investment Management's advisor managed
accounts platform gives us another way to help affect the outcome
for even more participants," said Scott
Matheson, CAPTRUST's Defined Contribution Practice Leader.
"The fact that it is recordkeeper agnostic is important to us, too,
since we deliver participant advice to retirement plans across
dozens of recordkeepers."
Although the advisor managed accounts platform puts the RIA firm
in charge of the underlying investment models and fund decisions,
it leverages the technologies, user interface, and methodologies
that power Morningstar Investment Management's traditional managed
accounts offering. As of Dec. 31,
2018, that offering was used by more than 1.4 million
participants, 247,650 plans, and had $58.2
billion in assets under advisement and management. At the
heart of this solution is Morningstar Investment Management's
patented process that determines each participant's investment
portfolio assignment based on their risk capacity.
About Morningstar's Investment Management group
Morningstar's Investment Management group is a leading provider of
discretionary investment management and advisory services. Guided
by seven investment principles, the group is committed to focusing
on its mission to design portfolios that help investors reach their
financial goals. The group's global investment management team
works as one to apply its disciplined investment process to all
strategies and portfolios, bringing together core capabilities in
asset allocation, investment selection, and portfolio construction.
This robust process integrates proprietary research and leading
investment techniques. As of Dec. 31,
2018, Morningstar's Investment Management group was
responsible for more than $193
billion* in assets under advisement and management across
North America, EMEA, and
Asia-Pacific.
In addition to advisory services, the group's investment
professionals build and manage model portfolios for financial
advisors in the United States,
United Kingdom, Australia and South
Africa to create strategies that incorporate a wide variety
of investment objectives.
*Includes assets under management and advisement for
Morningstar Investment Management LLC, Morningstar Investment
Services LLC, Morningstar Investment Management Europe Ltd.,
Morningstar Investment Management Australia Ltd., Ibbotson
Associates Japan, Inc., Morningstar Investment Management South
Africa (PTY) LTD, and Morningstar Associates, Inc. all of which are
subsidiaries of Morningstar, Inc. Advisory services listed are
provided by one or more of these entities, which are authorized in
the appropriate jurisdiction to provide such services.
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, retirement plan providers and sponsors, and
institutional investors in the 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, and real-time global market
data. Morningstar also offers investment management services
through its investment advisory subsidiaries, with more than
$193 billion in assets under
advisement and management as of Dec. 31,
2018. The company has operations in 27 countries. For more
information, visit www.morningstar.com/company. Follow Morningstar
on Twitter @MorningstarInc.
©2019 Morningstar, Inc. All rights reserved.
MORN-P
Media Contact:
Stephanie
Lerdall, +1 312 244-7805
or stephanie.lerdall@morningstar.com
View original content to download
multimedia:http://www.prnewswire.com/news-releases/morningstar-investment-management-launches-new-advisor-managed-retirement-accounts-platform-300834370.html
SOURCE Morningstar, Inc.