Morningstar Adviser Workstation – the adviser planning tool of Morningstar, has integrated Finametrica’s risk tolerance tests on its platform.
“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”, said Anastasia Georgiou, Morningstar Adviser Workstation director and co-founder.
The new integrated system will allow advisers to move to a recommended asset allocation model developed by Morningstar from Finametrica’s risk tolerance questionnaire. Morningstar has developed the asset allocation model with inputs from Ibbotson Associates.
“Advisers need to hold meaningful conversations with their clients around issues beyond investment performance and these links go a long way to creating those readymade opportunities to do so”, said Paul Resnik, Finametrica’s director and cofounder.