23 May 2018

American Express selects Morningstar's Advisor Workstation

02 May 2003  |  2070 views  |  0 American Express selects Morningstar's Advisor Workstation

American Express Financial Advisors is to roll out a customised version of Morningstar Associates' investment planning and advice platform Advisor Workstation to more than 10,000 users.

Under the deal, American Express will integrate the research, planning, clients, portfolios and sales applications from Advisor Workstation into its proprietary platform.

Once implemented, investors will have access to advice tools over multiple channels, including online, over the phone and face-to-face with a financial advisor.

Bill Elliott, vice president, financial advice, American Express Financial Advisors, says the package will help advisors improve delivery of personalised financial advice and client-oriented service while saving time and helping to boost productivity.

"As a Web-based solution, it also supports the increasing importance of technology in financial advice, giving advisors an easy-to-use, time-sensitive application that will allow them to more easily monitor and rebalance client portfolios," he adds.

The contract is the second between the firms this year. In January, American Express Retirement Services announced plans to offer advice and guidance services, powered by the MorningStar ClearFuture system, to its 330 client plans which represent a million participants.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related company news


Related blogs

Create a blog about this story (membership required)
Visit http://go.jumio.com/finextraAdVisit iliad-solutions.com/

Top topics

Most viewed Most shared
PayPal agrees $2.2 billion deal for iZettlePayPal agrees $2.2 billion deal for iZettl...
9894 views comments | 16 tweets | 28 linkedin
BBVA begins global roll-out of unified mobile appBBVA begins global roll-out of unified mob...
8715 views comments | 6 tweets | 5 linkedin
Japanese banks join quantum computing hubJapanese banks join quantum computing hub
7367 views comments | 8 tweets | 5 linkedin
SEC lures wannabe crypto investors with fake ICO siteSEC lures wannabe crypto investors with fa...
6882 views comments | 7 tweets | 11 linkedin
Fed governor: Digital tokens for financial settlement hold promise for central banksFed governor: Digital tokens for financial...
6588 views comments | 7 tweets | 11 linkedin

Featured job

Find your next job