Morningstar ByAllAccounts Aggregation Service Wins WealthManagement.com Industry Award for Technology Category
CHICAGO, Sept. 29, 2015 /PRNewswire/ -- Morningstar, Inc. (NASDAQ: MORN) a leading provider of independent investment research, today announced that its Morningstar® ByAllAccountsSM aggregation service won for best aggregation technology at the 2015 WealthManagement.com Industry Awards on Sept. 24. The awards recognize forerunners of innovation and leadership in support of financial advisor success.
"We're thrilled to be recognized for our unique technology and solutions from leaders in the financial services industry and the advisors we serve," Tricia Rothschild, head of global advisor solutions at Morningstar, said. "The ability to look across all of a client's accounts is increasingly becoming the expectation rather than the exception for investors and advisors. The best investment recommendations start with a comprehensive, accurate, and timely picture of an investor's total wealth. We're happy to be able to help advisors deliver holistic advice and provide better outcomes for their clients."
The Morningstar ByAllAccounts aggregation service collects and consolidates financial account data and delivers it to virtually any platform. ByAllAccounts aggregates more than $1 trillion in assets daily from more than 14,000 sources. Clients include independent financial advisors, asset managers, wealth managers/family offices, trust companies, and broker-dealers. Morningstar acquired ByAllAccounts, Inc. in April 2014.
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 individual investors, financial advisors, asset managers, and retirement plan providers and sponsors. Morningstar provides data on more than 500,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 16 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 investment advisory subsidiaries, with more than $180 billion in assets under advisement and management as of June 30, 2015. The company has operations in 27 countries.
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SOURCE Morningstar, Inc.
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