Morningstar, a leading provider of independent investment research has introduced Morningstar launches Morningstar Direct for Wealth Management, an investment analysis platform tailored to wealth management professionals. It will enable cross-team collaboration and will deliver a seamless end-to-end workflow including portfolio analytics, research and data that are needed to develop and refine product offerings, alongside the convenience of a cloud-based infrastructure.
“Manager research teams are facing increasing scrutiny around due diligence and the manager selection process to prove they are aligned to their clients’ needs. By streamlining communication through one platform, manager researchers, due diligence teams, and portfolio strategists can collaborate and connect with client-facing advisors in real time in order to share critical updates across firm locations,” said Tricia Rothschild, Morningstar’s chief product officer. “This new edition of Morningstar Direct Cloud showcases a new workflow for wealth management users and our ongoing investment in proprietary data and research.”
Morningstar Direct for Wealth Management addresses the challenges that wealth management professionals face including organisational alignment, disparate technology solutions, and changes in the regulatory environment. The platform provides a comprehensive solution, addressing these obstacles by consolidating technology usage, simplifying the compliance process and demonstrating best-interest product shelf decisions.