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Martha Conlon Mossmartha.moss@morningstar.com
TD Waterhouse Institutional to Offer Integrated Morningstar Advisor Workstation

NEW YORK, March 1, 2004 – TD Waterhouse Institutional Services (TDWIS) today announced an agreement with Morningstar to offer a customizable version of Advisor Workstation, an online investment-planning system for financial advisors.


“We’re excited to offer this powerful tool to advisors working with TD Waterhouse at such a compelling price,” said J. Thomas Bradley, Jr., president of TD Waterhouse Institutional Services. “The TD Waterhouse Edition of Morningstar Advisor Workstation will help advisors provide more services to their clients and help grow their business.” 


The Morningstar Advisor Workstation TD Waterhouse Edition will be offered at a special rate to advisors in several flexible packages, ranging from a basic solution of research and client portfolios to full Workstation functionality. Additionally, financial advisors will later be able to manage their clients’ portfolios through automatic integration of their TD Waterhouse account information.


“We are pleased that TD Waterhouse selected Morningstar Advisor Workstation. Advisors will not only have access to our robust databases and innovative tools such as the Morningstar Style Box and Ownership Zone, but also to Advisor Workstation’s powerful presentation and diagnostic tools to help them build their practices,” said Chris Boruff, president of Morningstar’s advisor business.


The complete Morningstar Advisor Workstation TD Waterhouse Edition is comprised of:


  • Research – This module provides daily updates on most performance statistics, graphing capabilities for risk/return, total return and historical performance versus a benchmark and advance screening capabilities that allow financial advisors to set “alerts” that notify them of any changes in an investment’s characteristics that fall outside of a predefined range.


  • Clients & Portfolios – This module allows advisors to analyze accounts independently or in aggregate and scan a client’s entire portfolio to create a comprehensive picture of all underlying stocks, overall sector exposure, and overall investment style. Workstation can then compile the underlying holdings of each of the positions in a client’s portfolio to determine the actual exposure to individual stocks using Morningstar’s proprietary X-Ray technology.


  • Sales – This module helps advisors create compelling hypothetical investment illustrations that clearly show how recommended portfolios or investments would have performed historically, taking into account taxes, fees, specific investment amounts, and schedules. 


  • Planning – This module includes a risk and needs assessment questionnaire and reporting features that clearly illustrate the risks associated with a recommended asset allocation mix, based on historical performance. 

 About TD Waterhouse Institutional Services


At TD Waterhouse Institutional Services, we are fully committed to the individual success of each advisor relationship. At every touch point – from our cutting edge technology platform to our world class customer service, from our seamless account integration process to our value-driven pricing, TD Waterhouse Institutional Services adds exceptional value to both advisors and their clients. TD Waterhouse Institutional Services provides comprehensive financial services to over 2,600 fee-only and fee-based independent financial advisors and is a division of TD Waterhouse Investor Services, Inc. (member NYSE/SIPC), a subsidiary of TD Waterhouse Group, Inc. For more information, please visit www.tdwaterhouseinst.com.


About TD Waterhouse


TD Waterhouse Group, Inc. provides investors and financial advisors with a broad range of
brokerage, mutual fund, banking and other consumer financial products. Worldwide, TD Waterhouse currently services 3.1 million active customer accounts and was ranked the #1 financial services company for the basic discount broker in SmartMoney’s August 2003 Brokerage Survey — the fifth time we have won the distinguished #1 title in the last 7 years. TD Waterhouse is a wholly owned subsidiary of TD Bank (NYSE/TSE: TD) and part of TD Bank Financial Group. Headquartered in Toronto, Canada, with offices around the world, TD Bank Financial Group offers a full range of financial products and services to approximately 13 million customers worldwide.


About Morningstar


Chicago-based Morningstar, Inc. is a global investment research firm, offering an extensive line of print, software, and Internet-based products and services for individuals, financial advisors, and institutions.  The company is a trusted source for investment information, data, and analysis of stocks, mutual funds, separate accounts, exchange-traded funds, 529 Plans, closed-end funds, and variable annuity/life subaccounts.


Morningstar Advisor Workstation’s investment advice tools are provided by Morningstar Associates, LLC, a registered investment advisor and a wholly owned subsidiary of Morningstar, Inc.








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