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Morningstar is beefing up its lineup of mannequin portfolios to draw extra monetary advisors to its wealth administration providing.
The Chicago-based firm (ticker: MORN) mentioned it’s including portfolios from asset managers BlackRock, Constancy, T. Rowe Value, and Clark Capital to its U.S. wealth platform. Daniel Needham, president of Morningstar Wealth, says it’s a “curated listing of managers” and shall be complementary to Morningstar’s current proprietary methods for advisors. Advisors can now select from greater than 100 mannequin portfolios.
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