The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:M* Is Creating a New Asset Manager Marketplace Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, April 26, 2017

M* Is Creating a New Asset Manager Marketplace

Reported by Neil Anderson, Managing Editor

An investment research titan is about to create a new supermarket for advisors to access asset managers' work. And at least one asset management giant has already signed on.

Kunal Kapoor
Morningstar will launch a Model Marketplace in early 2018, M* CEO Kunal Kapoor tells advisors and fundsters in his opening remarks at the 2017 Morningstar Investment Conference at McCormick Place in Chicago. Kapoor already has buy-in from the biggest asset manager in the world, and he's looking for more managers and strategists.

"BlackRock [emphasis added] has already signed up to be a part of that venture, and we are talking to others," Kapoor says.

Morningstar already offers a Managed Portfolios service, managing billions in assets for thousands of advisors, and Kapoor pitches the planned Model Marketplace as for all those advisors who are "not all ready to give up full discretion."

"We will have portfolio models available from different asset managers ... for you to select and subscribe to," Kapoor says. Then the advisor can "basically mimic" those portfolio models in building portfolios for your clients.

RIA custodian TD Ameritrade, as MFWire reported back in February, is also working on a model marketplace with third-party managers.

Kapoor also hinted at four other new things coming from Morningstar, including: 1) more data analytics for fixed income, to help advisors better tell a fixed income product's story; 2) a Best Interest Scorecard to help advisors lay out their value to clients and weigh big decisions like to rollover or not to rollover; 3) a new set of wealth management tools coming later this year to simplify advisors' research processes; and 4) a new Data Catalyst offering that ties into M*'s ByAllAccounts data aggregation.

"We believe that advisors add a tremendous amount of value," Kapoor says. "We need to help you and be a partner in how you communicate that value."

Kapoor framed his remarks around what he says is the backdrop of this year's 27th annual Morningstar Investment Conference.

"There is no better time to be an investor," Kapoor says. "Fees are at generational lows, technology ... is as powerful as it's ever been. The quality of advice that's available to investors is as good as it's ever been."

"This is an amazing time to be an investor and to build relationships with your clients," Kapoor tells advisors. 

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2024: Q3Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

  1. MFDF webinar - Lessons Learned from the Regional Bank Volatility and the Impact on Registered Funds, June 18
  2. IMEA webinar - Snapshot on the Talent Landscape, June 18
  3. 2024 MMI National Accounts Roundable, June 18
  4. MMI webinar - RIA Consolidators: The New Key Accounts?, June 20
  5. MFDF Director Discussion Series - Open Forum (Philadelphia), June 20
  6. MMI webinar - DoL Fiduciary Rule Update: What Are the Implications?, June 21
  7. WE Chicago - Pre-Morningstar Conference reception, June 25
  8. Celebrating 100 Years of the Mutual Fund, June 25
  9. New York YPEM Cornhole Classic, June 25
  10. Morningstar Investment Conference Conference 2024, Jun 26-27
  11. 2024 MMI Institutional Roundtable, June 26
  12. WE PNW Seattle - Pickleball and Networking, June 27
  13. Celebrating 100 Years of the Mutual Fund, July 11
  14. MFDF webinar - Mid-Year Tax Update for Registered Investment Companies, July 16
  15. MFDF Director Discussion Series - Open Forum via Zoom, July 17
  16. MFDF Director Discussion Series - Open Forum (New York), July 23
  17. IMEA Portfolio Construction Roundtable, September 19
  18. MFDF Continuing Regulatory Impacts on Fund Boards program, October 15
  19. 2024 MMI Annual Conference, Oct 15-17
  20. IMEA Philanthropic Day, October 22
  21. IMEA Leadership Summit, October 23
  22. IMEA Star Awards Celebration, October 23
  23. IMEA Marketing Summit, October 24
  24. 5th Annual ETFGI Global ETFs Insight Summit, October 29
  25. MFDF Director Discussion Series - Open Forum (Denver), November 6
  26. MFDF webinar - Digital Assets in the Fund Space (part 2 of 2), November 7

©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use