A global database for dealer group research heads, and a tax liability management tool, are next on the agenda for Morningstarfollowing yesterday’s release of its client portfolio management platform.
The platform, ‘Clients & Portfolios’, is an addition to Morningstar’s Adviser Workstation which aggregates a client’s contact and portfolio information on a single interface, and identifies drifts in performance or diversification according to alerts pre-set by an adviser.
“If you’ve got clients in five different Australian share portfolios and they all go overweight BHP, you’re not going to be as diversified as you thought you were,” said Morningstar Australia chief executive Scott Cooley.
The platform uses Morningstar’s existing Portfolio X-Ray tool.
Next for Morningstar was a global database incorporating all the group’s managed fund and hedge fund information, due for release in the second quarter, and then a portfolio tax liability management tool for advisers, Cooley said.
