Web-based application seeks to empower advisors and other financial professionals with customizable information streams
As the value of financial market data takes on renewed importance, Morningstar has launched a new web-based application to help advisors, traders, and market analysts get real-time access to information and market insights.
The Morningstar Market Monitoring platform can be integrated with Morningstar Advisor Workstation or licensed as a separate platform, select API components, or as data feeds. Featuring the ability to access real-time global market data along with proprietary Morningstar data and independent research, the platform is designed to be highly configurable.
“By empowering financial advisors to have real-time information and Morningstar research and data at their disposal and integrated directly into their own workflows, their end investors can have the transparency and understanding of how market events might impact their portfolio and investment interests over a short- and long- time horizon,” said Scott Burns, head of retail investing products and solutions for Morningstar.
Apart from client dashboards for personal workflows, the platform includes more than 40 configurable web components to help wealth managers stay abreast of market changes on stocks, mutual funds, ETFs, closed-ended funds, and other investment securities and assets. It also gives users access to real-time market news updates from Dow Jones Newswires, including select content from the Wall Street Journal, Barron’s and MarketWatch.
“We're thrilled to be working with Morningstar to make our trusted, licensed content available within the Market Monitoring platform — helping financial advisors and wealth managers make sense of market uncertainty, advise their clients, and strengthen relationships in real-time,” said William Ashworth, general manager, global partnerships, for Dow Jones's business information and services division.
Morningstar Direct users will also be able to avail of certain elements of the platform over the next year, the investment research firm said.
