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Morningstar Launches Model Marketplace Integrated with Morningstar Office Cloud
CHICAGO, May 6, 2019 /PRNewswire/ -- Morningstar, Inc. (NASDAQ: MORN), a leading provider of independent investment research, today introduced the Model
About this update from Morningstar, Inc.
[{"type":"text","content":"CHICAGO, May 6, 2019 /PRNewswire/ -- Morningstar, Inc. (NASDAQ: MORN), a leading provider of independent investment research, today introduced the Model Marketplace, a centralized distribution platform that allows advisors to quickly and cost efficiently research third-party investment models, personalize strategies to fit their clients' needs, and initiate trade instructions in one connected workflow.\nThe platform, which is integrated into Morningstar Office℠ Cloud at no extra cost, provides asset managers a direct connection to share their investment models with advisors at the critical point of information gathering and decision-making. At launch, Model Marketplace participants include: American Funds by Capital Group; Blackrock; Fidelity Investments®; Franklin Templeton; Invesco; J.P. Morgan Asset Management; Northern Trust Asset Management; OppenheimerFunds; PIMCO; Redwood Investment Management; Russell Investments; VanEck; and Vanguard.\n\"Developing and managing modeling strategies can be complicated and time-consuming,\" said Dermot O'Mahony, head of software products at Morningstar. \"Like an 'app store of investment models,' Model Marketplace allows advisors to research, screen, and gather in-depth insight on models from different firms to determine the right strategies for their clients' portfolios all within a single platform. It combines information and automation to empower advisors to truly think in their clients' best interests, by giving them more time to provide personalized advice while lowering costs and increasing transparency among choices.\"\nThrough Model Marketplace's integration into the Morningstar Office℠ Cloud platform, advisors are able to lower costs and save time by scaling the investment management, portfolio monitoring, and rebalancing functions at their firms, while maintaining discretion on how their clients' money is invested. Advisors can conduct research and screen models against the full extent of Morningstar's holdings database and analytics provided within the platform. With in-depth qualitative and quantitative analytics, scenario analysis, and qualitative ratings produced by Morningstar's 250 global research analysts*, Model Marketplace is designed to help advisors fully understand the fundamentals of a model when recommending strategies for their clients, fulfill their fiduciary resp...