CHICAGO, Nov 13, 2001 Morningstar, Inc., a leading provider of investment information and analytical tools, today announced that Morningstar Advisor WorkstationSM, an online investment planning platform for financial advisors, now includes information on nearly 20,000 variable annuity/life subaccounts.
"Morningstar Advisor Workstation is now even more robust, offering powerful screening and analyzing capabilities on more than 40,000 stocks, mutual funds, and variable annuity/life securities," said Chris Boruff, president of Morningstar's advisor business. "Our Workstation subscribers can now draw from a more diversified group of securities to create hypothetical illustrations and conduct portfolio analysis for their clients."
Boruff said Morningstar is aggressively adding new features to the Workstation in the near future. One of these enhancements is a multi-goal planner that will help create asset allocation benchmarks and automated investment recommendations for concurrent financial goals such as buying a house, paying for college, and planning for retirement.
Morningstar Advisor Workstation provides everything financial advisors need to create and communicate tailored advice for clients and prospects. Workstation streamlines all of the assessment, research, and portfolio management tasks, helping financial advisors to maximize their productivity. It offers the following features:
- Assessment: Includes tools to determine a client's risk tolerance or specific investment goals and helps determine an appropriate asset-allocation benchmark.
- Research: Contains continuously updated information from Morningstar's database on more than 40,000 stocks, mutual funds, and variable annuity/life subaccounts. Advanced screening functions allow advisors to find, sort, and rank these investments based on more than 200 data points.
- Portfolio Management: Includes Morningstar's proprietary Portfolio X-RaySM tool to analyze portfolios based on fundamental analysis of the mutual funds' underlying holdings. Workstation's analytical tools and automated Alerts help advisors monitor client portfolios.
- Communication: Provides numerous presentation-quality reports and an automatic report-building capability that enables one-off or batch report processing. The convenient pdf format allows advisors to print or e-mail reports to clients.
Advisors may register for a 30-day free trial of the Workstation by clicking on the "Workstation" tab on MorningstarAdvisor.com (http://www.advisor.morningstar.com), Morningstar's Web site for financial advisors.
Chicago-based Morningstar Inc. is a leading, independent provider of investment information and analytical tools. Morningstar supplies a variety of products and services to professional investment advisors, including Morningstar® Advisor WorkstationSM, a comprehensive set of online tools for investment planning professionals, Morningstar® Principia® Pro investment management software, Morningstar Mutual Funds, the annual Morningstar Investment Conference, and the Morningstar Professional Education Series.
Morningstar Principia Pro, first introduced in 1996, is one of the most popular resources in the financial planning industry. Principia Pro's exclusive Multi-Asset Portfolio Developer takes a real world portfolio containing any mixture of investments and analyzes them as one cohesive unit.
Morningstar's Web site for advisors, MorningstarAdvisor.comSM (http://www.advisor.morningstar.com), was launched in mid-2000 and currently has more than 65,000 registered users. MorningstarAdvisor.com offers Morningstar Reports on more than 40,000 stocks, mutual funds, exchange-traded funds, and variable/annuity subaccounts. MorningstarAdvisor.com's Due Diligence Center helps advisors streamline the process of comparing due diligence information from different mutual fund families by establishing an industry-standard format and a database of Due Diligence Questionnaires (DDQs) on individual investments from a growing list of institutions.