Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Tool Picks Funds for Advisors Not Rated 3.0 Email Routing List Email & Route  Print Print
Thursday, January 24, 2002

Tool Picks Funds for Advisors

Reported by Sean Hanna, Editor in Chief

Morningstar, which made its name with easy-to-used fund reports, has quietly rolled out a new service which enables advisors to streamline their portfolio allocation to mutual funds.

The new service, called Gold Planner, is based on the ClearFuture advice product that the firm developed for the 401(k) plan retirement market. The advisor tool allows the creation of client portfolios built using the engine developed by Morningstar and directs specific allocations to mutual funds.

Gold Planner was added to the Advisor Workstation product about two months ago. So far, there are advisors tinkering with the product, but it has not yet been widely adopted, said John Rekenthaler, president of Morningstar's online advisory service.

The firm hired Geoff Balzano, who had most recently been at CoolSavings, to oversee the product.

If it is widely adopted, the service may have the power to direct assets to funds performing well in its models.

For advisors, the tool promises to streamline their portfolio allocation process for clients and allow them to focus on the sales, marketing and client relationship side of their business.

The service allows advisors to download date from both Schwab's Centerpiece and Advent's advisor software.  

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

3.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use