Business
Morningstar and iCapital Announce Strategic Relationship to Expand Financial Advisor Access to Alternative Investments and Insights
iCapital's investment technology platform is now integrated with Morningstar Advisor Workstation and provides 170,000 financial advisors with access to
About this update from Morningstar, Inc.
[{"type":"text","content":"iCapital's investment technology platform is now integrated with Morningstar Advisor Workstation and provides 170,000 financial advisors with access to alternative investments and research.\nCHICAGO and NEW YORK, Jan. 17, 2024 /PRNewswire/ -- Morningstar, Inc. (NASDAQ: MORN), a leading provider of independent investment insights, and iCapital,1 the global fintech platform empowering the asset and wealth management industry with an industry-leading alternative investment experience, today announced a strategic relationship to provide Advisor WorkstationSM users with access to alternative investments and analytics for the first time.\nThe integration equips Advisor Workstation's more than 170,000 users with alternative investment research and tools to evaluate private assets side by side with traditional investments. Coupled with investment proposal and report capabilities in Advisor Workstation, the solution empowers advisors to offer holistic recommendations and build diversified portfolios that include alternative assets for clients.\n\"This is a game-changer for advisors who are building a modern advisory practice and serving evolving investors' demands for diversification and personalization,\" said Vimal Vel, chief product officer for Morningstar's Enterprise group. \"Advisor Workstation's integration with iCapital is unique because it'll be end-to-end. Advisors will be able to include alternatives alongside traditional investments in model portfolios, reports, and proposals.\"\n\"We are enormously excited to forge this relationship with Morningstar and support expanded access to alternative investing opportunities and insights,\" said Lawrence Calcano, chairman and chief executive officer at iCapital. \"Our simple, intuitive technology interface ensures that Advisor Workstation users have access to both the right products for their clients and an extensive library of educational resources to make informed decisions relating to portfolio allocations and diversification strategies.\" \nWith the recent completion of the first phase of the strategic relationship, independent advisor clients now have access – through a single interface – to both iCapital Marketplace, a platform featuring the industry's broadest selection of alternative investment funds, due diligence and education resources, fund subscription processing, and thi...