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MoneyGuidePro® Announces Enhanced Integration with Morningstar Office

Submitted by Technology Tools for Today on July 8th, 2014


New web-service integration eliminates manual data entry for Morningstar Office users

MoneyGuidePro®, a leader in goal-focused financial planning, and Morningstar, Inc., a leading provider of independent investment research, today announced greatly enhanced integration between MoneyGuidePro and Morningstar OfficeSM, the practice and portfolio management system for independent financial advisors.

Innovative new enhancements include the seamless flow of Morningstar Office account and position data into MoneyGuidePro’s financial planning software. Users set up the integration one time, and MoneyGuidePro will automatically check Morningstar for new information, while automatically updating client profiles based on existing portfolio data in Morningstar Office. Independent advisors will now be able to use these two powerful resources more effectively together – saving time, reducing errors, and better serving their clients.

“MoneyGuidePro and Morningstar have a relationship that offers mutual customers an integrated investment research, portfolio management, and financial planning experience. We are excited to deepen that relationship with enhanced capabilities for independent advisors using Morningstar Office,” said Tricia Rothschild, Morningstar’s global head of advisor solutions. “Our new web service can automatically send MoneyGuidePro users up-to-date client data, and it supports our goal of streamlining advisor workflows by creating connections between Morningstar products and leading third-party applications.”

“We have had a long-standing relationship with Morningstar, and we are pleased to now offer enhanced integration capabilities that help financial advisors work more efficiently, accurately, and strategically on behalf of investors,” said Bob Curtis, CEO of MoneyGuidePro.

The integration between MoneyGuidePro and Morningstar Office breaks down the barriers between silos of information, enabling advisors to cut down on data entry, maintain current information, and prevent user error. This functionality equates to less time spent on data transfer and re-entry by advisors, in addition to real-time investor information feeding MoneyGuidePro’s financial plans.

With a core focus on goal-based planning, MoneyGuidePro helps advisors actively engage with clients and puts clients’ needs, wants, and wishes at the forefront of the financial planning process. Working effectively with Morningstar Office, MoneyGuidePro enables advisors to pull data seamlessly into its illustrative planning software to give clients a more precise, visually pleasing, and realistic snapshot of their assets and future investment scenarios.

About MoneyGuidePro
MoneyGuidePro, innovated by PIEtech, Inc., is the industry’s leading financial planning software. MoneyGuidePro makes powerful, profitable planning easy, allowing financial advisors to help more clients achieve their financial goals. MoneyGuidePro provides college, retirement, estate and Social Security planning, investment and insurance needs analysis, technology integration and account aggregation. For more, visitwww.moneyguidepro.com.

About Morningstar, Inc.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offers an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors. Morningstar provides data on approximately 456,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 12 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $164 billion in assets under advisement and management as of March 31, 2014. The company has operations in 27 countries.

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