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iCapital’s funding know-how platform is now built-in with Morningstar Advisor Workstation and gives 170,000 monetary advisors with entry to different investments and analysis.
CHICAGO and NEW YORK, Jan. 17, 2024 /PRNewswire/ — Morningstar, Inc. (NASDAQ: MORN), a number one supplier of impartial funding insights, and iCapital,1 the worldwide fintech platform empowering the asset and wealth administration {industry} with an industry-leading different funding expertise, as we speak introduced a strategic relationship to offer Advisor WorkstationSM customers with entry to different investments and analytics for the primary time.
The combination equips Advisor Workstation’s greater than 170,000 customers with different funding analysis and instruments to guage personal property facet by facet with conventional investments. Coupled with funding proposal and report capabilities in Advisor Workstation, the answer empowers advisors to supply holistic suggestions and construct diversified portfolios that embody different property for purchasers.
“This can be a game-changer for advisors who’re constructing a contemporary advisory follow and serving evolving traders’ calls for for diversification and personalization,” stated Vimal Vel, chief product officer for Morningstar’s Enterprise group. “Advisor Workstation’s integration with iCapital is exclusive as a result of it’s going to be end-to-end. Advisors will be capable to embody alternate options alongside conventional investments in mannequin portfolios, stories, and proposals.”
“We’re enormously excited to forge this relationship with Morningstar and assist expanded entry to different investing alternatives and insights,” stated Lawrence Calcano, chairman and chief govt officer at iCapital. “Our easy, intuitive know-how interface ensures that Advisor Workstation customers have entry to each the suitable merchandise for his or her purchasers and an in depth library of instructional assets to make knowledgeable selections referring to portfolio allocations and diversification methods.”
With the latest completion of the primary part of the strategic relationship, impartial advisor purchasers now have entry – by way of a single interface – to each iCapital Market, a platform that includes the {industry}’s broadest collection of different funding funds, due diligence and training assets, fund subscription processing, and third-party reporting providers, and iCapital Architect, an progressive portfolio development and evaluation instrument for monetary advisors to construct sturdy, personalised consumer portfolios incorporating alternate options.
Section two, coming within the first half of 2024, will deliver the combination to Advisor Workstation’s Enterprise-level purchasers and leverage iCapital’s analytics to generate Morningstar’s Portfolio Danger Rating, a numeric rating that represents the danger stage of a given portfolio in opposition to the Morningstar Goal Allocation Index Household, when alternate options are added to consumer asset allocations. Coupled with the Morningstar Danger Profiler’s threat tolerance take a look at, Advisor Workstation can then present the vary of Portfolio Danger Scores, often called the Danger Consolation vary, inside which every consumer can be most comfy.
Demand for Alternate options is Forecasted to Improve
Advisors are responding to consumer wants and an unsure market setting by providing extra merchandise – within the type of different property, based on Morningstar’s Voice of the Advisor examine that takes the heartbeat of greater than 600 monetary advisors and wealth managers throughout the U.S. The examine discovered that advisors providing all kinds of merchandise to their purchasers say alternate options (cryptocurrency, structured merchandise, liquid alternate options, REITs, personal debt, and personal fairness) make up between 14% and 19% of their whole property underneath administration.
As well as, an iCapital survey of 400 U.S. registered advisors final 12 months discovered that fifty% of all advisors stated consumer curiosity in different investments has elevated over the previous two years. Virtually all (95%) advisors surveyed say they plan to allocate the identical or extra to different investments within the coming 12 months. Presently, advisors who use alternate options – about 36% – allocate between 5% and 15% of consumer portfolios to alts.
About Morningstar, Inc.
Morningstar, Inc. is a number one supplier of impartial funding insights in North America, Europe, Australia, and Asia. The Firm affords an in depth line of services for particular person traders, monetary advisors, asset managers and house owners, retirement plan suppliers and sponsors, and institutional traders within the debt and personal capital markets. Morningstar gives knowledge and analysis insights on a variety of funding choices, together with managed funding merchandise, publicly listed firms, personal capital markets, debt securities, and real-time international market knowledge. Morningstar additionally affords funding administration providers by way of its funding advisory subsidiaries, with roughly $264 billion in property underneath advisement and administration as of Sept. 30, 2023. The Firm operates by way of wholly- or majority-owned subsidiaries in 32 nations. For extra info, go to www.morningstar.com/firm. Comply with Morningstar on X at @MorningstarInc.
About iCapital
Based in 2013, iCapital is the main international fintech firm powering the world’s different funding market. iCapital has remodeled how the wealth administration, banking, and asset administration industries facilitate entry to personal markets investments for his or her high-net-worth purchasers by offering intuitive, end-to-end know-how and repair options; training instruments and assets; and sturdy diligence, compliance, and portfolio analytics capabilities. iCapital’s options allow organizations to streamline and scale their operational infrastructure for different investments and to offer entry to direct investments and feeder funds at decrease minimums by way of simplified digital workflows.
iCapital-managed platforms supply wealth advisors and their high-net-worth purchasers entry to an intensive menu of personal investments, together with fairness, credit score, actual property, infrastructure, hedge funds, annuities, and risk-managed options. iCapital has been acknowledged on the Forbes Fintech 50 listing annually from 2018 to 2023, the Forbes America’s Greatest Startup Employers in 2021, 2022, and 2023, and MMI/Barron’s Business Awards as Options Supplier of the Yr in 2020, 2021, 2022, and 2023.
As of Nov. 30, 2023, iCapital providers over $172 billion in international consumer property, of which about $27 billion are from worldwide traders (non-US Home) throughout greater than 1,400 funds. Using greater than 1,200 folks globally, iCapital is headquartered in NYC and has places of work worldwide, together with in Zurich, London, Lisbon, Hong Kong, Singapore, and Toronto.
For extra info, go to Twitter (X): @icapitalnetwork | LinkedIn: https://www.linkedin.com/firm/icapital-network-inc
For media inquiries, please contact:
iCapital:
+1 919 602 2806
[email protected]
Morningstar:
Michael Claussen
+1 312 696-6037
[email protected]
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1 iCapital, Inc., and its associates (collectively, “iCapital”).
SOURCE Morningstar, Inc.
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