Business
Morningstar Investment Management Launches New Advisor Managed Retirement Accounts Platform
CHICAGO, April 18, 2019 /PRNewswire/ -- Morningstar Investment Management LLC, a leading provider of discretionary investment management and advisory
About this update from Morningstar, Inc.
[{"type":"text","content":" CHICAGO, April 18, 2019 /PRNewswire/ -- Morningstar Investment Management LLC, a leading provider of discretionary investment management and advisory services and a subsidiary of Morningstar, Inc. (Nasdaq: MORN), announced today that it has launched its new advisor managed accounts platform. The platform aims to make it easier for Registered Investment Advisors (RIA) firms and their advisors to offer a managed accounts solution to their retirement plan clients.\nThis solution is designed so that participants receive personalized advice based on model portfolios aligned with the RIA firm's investment expertise and philosophies. It can also help the RIA firm generate new business opportunities and allows advisors to offer personalized advice in a scalable manner. The platform will be integrated with multiple recordkeepers to help ensure greater coverage within an advisor's existing book of business. \n\"We believe participants can achieve a better retirement outcome by receiving investment and savings advice that is personalized to their specific situation,\" said Brock Johnson, president of global retirement and workplace solutions at Morningstar Investment Management. \"By giving advisors and RIA firms the platform and flexibility they need to support a managed accounts offering, we can help even more participants make more informed investing decisions to help achieve the outcomes they seek.\" \nCAPTRUST Financial Advisors is the first RIA firm to use the new platform, and Schwab Retirement Plan Services will be the first recordkeeper integrated into the service. \n\"Personalized, one-on-one investment advice makes a huge difference, and Morningstar Investment Management's advisor managed accounts platform gives us another way to help affect the outcome for even more participants,\" said Scott Matheson, CAPTRUST's Defined Contribution Practice Leader. \"The fact that it is recordkeeper agnostic is important to us, too, since we deliver participant advice to retirement plans across dozens of recordkeepers.\"\nAlthough the advisor managed accounts platform puts the RIA firm in charge of the underlying investment models and fund decisions, it leverages the technologies, user interface, and methodologies that power Morningstar Investment Management's traditional managed accounts offering. As of Dec. 31, 2018, that offering was used...