LONDON, 5th November 2012—Morningstar UK Ltd, a subsidiary of Morningstar, Inc., (NASDAQ: MORN), a leading provider of independent investment research, today announced the latest development in its programme of collaborations between Morningstar Adviser Workstation, the company’s flagship adviser planning tool, and UK fund platforms.
Financial advisers using Morningstar Adviser Workstation can now enjoy seamless integration with Cofunds through a single-login process enabling the import of all their client portfolio data housed on the Cofunds platform. The enhancement removes the need for client portfolios to be imported one by one.
“This is a significant step forward for advisers in improving their workflow efficiencies”, said Anastasia Georgiou, product manager for Morningstar Adviser Workstation. “Through one simple login, advisers can now access the portfolio details of all their clients whose portfolios are managed through Cofunds, without moving away from the in-depth data, research, and software support available in Morningstar Adviser Workstation. This integration with Cofunds represents the latest step in our ongoing initiative to facilitate improvements to adviser workflow and business processes.”
“The goal in everything we do is to make investing easier for our clients and the end investors they serve”, said Verona Smith, head of proposition for Cofunds. “These latest developments will provide valuable administrative time savings for advisers, so we welcome the move.”
Morningstar Adviser Workstation provides access to data for more than 28,000 investment funds, as well as risk profiling, asset allocation tools, and independent analysis of open-end funds, investment trusts, and ETFs. The product was named Leading Independent Planning Tool in the Aberdeen UK Platform Awards 2011, Best Online IFA Tool at the 2012 Professional Adviser Awards, and Most Favoured Platform Users Planning Tool at the 2009 Logica UK Platform Awards.
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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 individuals, financial advisors, and institutions. Morningstar provides data on approximately 385,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 8 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 $195 billion in assets under advisement and management as of Sept. 30, 2012. The company has operations in 27 countries.
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