Chicago-based
Morningstar is continuing with the fast-paced rollout of its managed accounts offering. The firm's
Managed Portfolio recently added
Lara, Shull & May, a Vienna, Virginia-based advisory firm to the list of those offering the service.
Morningstar launched the fund-based platform in January and is exceeding its targeted growth, report industry sources.
Frank Shull, vice president at Lara Shull, said that the product has special appeal in the retirement area. "Many of our clients with 401(k) rollovers or IRAs have found this an ideal, low cost solution," said Shull.
 
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