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Morningstar, Inc. (NASDAQ:MORN) Aggregates More than $1 Trillion in Assets

Posted by: : Shayne HeffernanPosted on: March 2, 2015 Morningstar, Inc. (NASDAQ:MORN) Aggregates More than $1 Trillion in Assets

Morningstar, Inc. (NASDAQ:MORN) Aggregates More than $1 Trillion in Assets

Morningstar, Inc. (NASDAQ:MORN), a leading provider of independent investment research, today announced a number of milestones for its Morningstar® ByAllAccountsSM aggregation service. The company aggregated more than $1 trillion in investor assets at the end of 2014, providing comprehensive financial account data to advisors, asset managers, trust companies, and broker-dealers. Morningstar also significantly expanded the number of sources from which it can aggregate data, such as banks, clearing firms, and recordkeepers, to more than 20,000 from 4,500.

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In addition to expanding its data sources and processing, Morningstar has enhanced the ease with which broker dealers and their clients can set up and view accounts with a new consumer interface and the ability to embed the aggregation system in a broker-dealer’s own advisor-facing platform. Designed to be intuitive and engaging, the new interface creates additional efficiencies for advisors and allows them to spend more time with clients. Broker-dealers can now easily integrate the new interface into their client portals to provide automated investment advice. They can also embed the aggregation system into their advisor-facing platforms to create a seamless experience for their advisor network.

“We’ve reached several significant milestones that speak to the importance advisors and broker-dealers place on providing holistic financial planning. They recognize that the best investment recommendations start with a comprehensive, accurate, and timely picture of an investor’s total wealth,” James Carney, head of ByAllAccounts, said. “By expanding the number of sources we collect data from and making it even easier to upload that data with a user-friendly interface, advisors have the tools they need demonstrate their value and create better outcomes for their clients.”

Carney added, “The Morningstar ByAllAccounts aggregation service powers solutions across Morningstar’s product suite, like proposal generation, asset allocation, and financial planning, and enhances an advisor’s entire workflow.”

Morningstar acquired ByAllAccounts, Inc. in April 2014.

About ByAllAccounts, Inc.
ByAllAccounts, Inc. provides innovative data aggregation technology for financial applications. The company develops the essential data aggregation technology that serves as the foundation for the financial industry’s wealth management applications, including portfolio management, reporting, compliance, trust accounting, and client relationship management (CRM). Its open architecture solution uses artificial intelligence to gather and transform financial account data and deliver it to any financial platform. The firm’s network of clients, custodial relationships, and platform and service providers rely on ByAllAccounts as their primary connector to structured and unstructured financial account data.ByAllAccounts is a wholly owned subsidiary of Morningstar, Inc. For more information, visit

About Morningstar, Inc.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offers an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors. Morningstar provides data on approximately 500,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 14 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $170 billion in assets under advisement and management as of Dec. 31, 2014. The company has operations in 27 countries.

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Shayne Heffernan Funds Manager at HEFFX holds a Ph.D. in Economics and brings with him over 25 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over $500m and 1 that reach a peak market cap of $15b. He has managed and overseen start ups in Mining, Shipping, Technology and Financial Services.

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