Morningstar Adviser Workstation integrates with FinaMetrica

Source: Morningstar

Morningstar has announced a product integration that maps the outcomes of the psychometric risk tolerance tests offered by FinaMetrica, a financial risk profiling provider, to the Morningstar asset allocation guidance models available in Morningstar's adviser planning tool, Morningstar Adviser Workstation.

The integration enables advisers who are clients of both FinaMetrica and Morningstar Adviser Workstation to move seamlessly from a FinaMetrica risk tolerance questionnaire through to a recommended asset allocation model that draws on the underlying asset allocation methodology from Ibbotson Associates, Morningstar's registered investment adviser.

Anastasia Georgiou, product manager for Morningstar Adviser Workstation comments: "We recognise that financial advisers use a variety of technology solutions for different elements of their business and that those tools must be flexible and in harmony with each other. We are pleased to make this new mapping service available to our clients and continue our focus on creating additional product integrations that support advisers in their practice."

Paul Resnik, co-founder of FinaMetrica comments: "We have been working hard to give our UK advisers access to 'turn- key' investment advising solutions. Advisers need to hold meaningful conversations with their clients around issues beyond investment performance and these links go a long way to creating those ready made opportunities to do so."

Morningstar Adviser Workstation also offers an existing embedded risk tolerance questionnaire, created by Ibbotson, which continues to be available to Morningstar Adviser Workstation clients.

 

Comments: (0)

Featured job
All Jobs »