NEW YORK, Jan. 21, 2015 (GLOBE NEWSWIRE) -- FolioDynamix, a leading provider of web-based technology and advisory services for managing the full wealth management lifecycle, today announced the addition of Morningstar® Portfolio X-Ray® and Portfolio Comparison tools to its wealth management platform. FolioDynamix has incorporated the Morningstar tools into its proposal generation engine to enhance advisors' ability to quickly and easily evaluate their clients' investment portfolios by running side-by-side comparison reports of various portfolio allocation options.
FDx Propose, the client investment proposal generation and investment policy statement (IPS) management component of the FolioDynamix technology platform, allows advisors to accelerate individual and household-level investment proposal generation through a web-based interface. It includes the ability to customize model, program and product selections, choose flexible or fixed investment proposal generation paths, incorporate custom risk tolerance questionnaires and present multiple investment programs in a single proposal.
The offering brings together Morningstar's portfolio analysis and comparison tools, Portfolio X-Ray and Portfolio Comparison, with FolioDynamix FDx Propose, giving financial advisors on-demand access to the powerful combination of two market-leading solutions. Now, advisors will be able to view the aggregate portfolio-level data and compare key metrics between two different portfolios. Direct comparisons make it easier to communicate the merits of one portfolio over another to investors.
"We're excited to work with FolioDynamix. Bringing together our portfolio tools with FolioDynamix's robust wealth management platform will help advisors achieve even better outcomes for their clients," said Joanna McGinley, head of Global Redistributor Solutions at Morningstar. "With Portfolio X-Ray, advisors can demonstrate to clients or prospects how they can combine proposed investments to help achieve long-term goals. Portfolio Comparison allows advisors to easily highlight the advantage of their recommendations and show the value they bring to their clients."
"FolioDynamix prides itself on providing advisors with a single, comprehensive platform that spans the full wealth management lifecycle and delivers the depth and breadth of capabilities needed to win and retain clients," said Joseph Mrak, Chairman and CEO of FolioDynamix. "The addition of the Morningstar X-Ray and Portfolio Comparison tools further strengthens our capabilities in proposal generation and reporting. This will help advisors make more informed portfolio allocation decisions and enable them to communicate more effectively with prospects and clients to accelerate business growth."
FolioDynamix offers the most comprehensive web-based wealth management technology platform for managing the full advisory lifecycle – proposal generation, research, model management, portfolio accounting, trade order management, reporting and performance analytics. Unlike other wealth management platforms, FDx SingleSight™ is completely developed, hosted and supported by FolioDynamix, eliminating silos and empowering advisors with a single platform to manage all customer accounts. FolioDynamix provides registered investment advisors, banks, broker dealers, custodians and wealth service providers with leading-edge technology to attract and retain advisors, accelerate client acquisition and gain visibility across all assets under management. The results are improved efficiency, stronger compliance, enhanced client service and faster growth. FolioDynamix is an Actua company (Nasdaq:ACTA). Visit www.foliodynamix.com. Follow us on Twitter @foliodx.
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 479,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 13 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 $169 billion in assets under advisement and management as of Sept. 30, 2014. The company has operations in 27 countries.
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