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Martha Conlon Mossmartha.moss@morningstar.com
Morningstar and Techfi to Integrate Advisor Workstation with AdvisorMart Institutional

CHICAGO, Feb 01, 2002 – First Integrated Platform to Offer Research, Portfolio Analysis, Advanced Data Aggregation, Portfolio Management, and Performance Reporting

Morningstar, Inc., a global investment research firm, and Techfi Corp., a provider of software, training, support, and outsourcing solutions, today announced they will integrate Morningstar Advisor Workstation and AdvisorMart Institutional, two industry-leading platforms for financial advisors and broker-dealers. 

By mid-2002, financial advisors and institutions who subscribe to both Morningstar Advisor Workstation and Techfi's AdvisorMart Institutional will have the ability to quickly and seamlessly share and transfer information between the two applications. This will be the first integrated platform that offers research, portfolio analysis, advanced data aggregation, portfolio management, and performance reporting. Both platforms can stand alone and will also continue to support standard interfaces with other advisory software applications. 

"The direct interface between Advisor Workstation and AdvisorMart Institutional will virtually eliminate the considerable time advisors spend supporting and integrating similar software systems," said Chris Boruff, president of Morningstar's advisor business. "We look forward to working with Techfi, one of the industry's leading providers of technology for portfolio management, to provide advisors with the most powerful platform in the industry." 

With the Morningstar/Techfi solution, advisors can fully integrate all of the technology that supports their businesses, no longer worrying about compatibility between portfolio accounting applications and research, analysis, and client assessment applications. Additionally, advisors will have access to Morningstar information on more than 40,000 stocks, mutual funds, and variable annuity/life subaccounts, sophisticated portfolio analysis tools, a full suite of NASD-compliant reports and advanced goal planning solutions, while utilizing Techfi's portfolio management and reporting.

"Our agreement leverages Morningstar's research and analysis capabilities with Techfi's performance reporting and portfolio aggregation technology to provide the most advanced solution available for financial advisors and broker-dealers," said Matt Abar, president and CEO of Techfi. "Techfi is very excited to collaborate with Morningstar in providing such a valuable tool to financial advisors and broker-dealers."

Morningstar Advisor Workstation combines daily updates of stock and mutual fund information, daily security- and portfolio-level alerts, automated investment suggestions, portfolio analysis and asset allocation tools, hypothetical illustrations, client management tools, and individual and batch report processing capabilities--all in one Web application. 

AdvisorMart Institutional is an enterprisewide, Web-based, account consolidation and dynamic reporting solution for financial institutions. AdvisorMart Institutional uses proprietary technology to gather and reconcile institutional-level feeds from clearing firms, transfer agents, and custodians. The service provides financial professionals with the targeted technology applications they need to produce customized client performance reports. By outsourcing reconciliation and asset balancing to Techfi, financial institutions can now provide up-to-date and accurate information ready for real-time consolidated client reports.

About Techfi 
Headquartered in Denver, Techfi Corporation was founded in 1998 and provides software, technology and services to the financial intermediary market. Clients include broker-dealers, investment advisors, financial planners and other financial institutions. Techfi develops leading-edge technology products and services for the financial intermediary market including: AdvisorMart.com, the industry's first online account aggregation and portfolio management solution; AdvisorMart Institutional, the premiere private-labeled data aggregation solution for financial institutions; and Financial Office 2001, an integrated suite of financial products that includes Portfolio 2001, Trader 2001 and Contact 2001 and Web Office, an integrated suite of Web-enabled solutions for portfolio management, contact management and account rebalancing and trade generation. For more information visit their Web site at www.techfi.com.

About Morningstar, Inc. 
Chicago-based Morningstar, Inc. is global investment research firm. Morningstar supplies a variety of products and services to professional investment advisors, including Morningstar Advisor WorkstationSM, Morningstar Principia Pro investment management software, Morningstar Mutual Funds, the annual Morningstar Investment Conference, and the Morningstar Professional Education Series. 

Morningstar's Web site for advisors, MorningstarAdvisor.comSM (http://www.advisor.morningstar.com), was launched in mid-2000 and currently has nearly 70,000 registered users. MorningstarAdvisor.com offers Morningstar Reports on more than 40,000 stocks, mutual funds, exchange-traded funds, and variable/annuity subaccounts. 

Morningstar holds a 20 percent ownership interest in Techfi Corp.

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