Morningstar to Add Portfolio Rebalancing Capability for Independent Financial Advisors, Powered by Total Rebalance Expert

CHICAGO, June 2, 2015 /PRNewswire/ -- Morningstar, Inc. (NASDAQ: MORN), a leading provider of independent investment research, is working with Total Rebalance Expert (TRX) to add rebalancing functionality to Morningstar Office, the company's practice and portfolio management system for independent financial advisors. TRX is a leading account rebalancing software company that provides financial advisors with automated, tax efficient rebalancing capabilities to simplify and enhance portfolio management.

"We're investing in key capabilities that support advisors' entire workflow to help them streamline their practices and increase productivity so they can spend more time with clients," Tricia Rothschild, Morningstar's head of global advisor solutions said. "We want to offer a best-of-breed solution. Where we have unique capabilities and knowledge we look to build new functionality in house and when we see a leading technology in the industry we look to integrate. We evaluated the rebalancing software on the market today and found that TRX's system offered a robust solution that would help advisors keep their clients' investments aligned with their goals while mitigating taxes and fees."

TRX's solution allows advisors to:

• Quickly identify which clients require portfolio rebalancing.
• Rebalance considering allocation parameters, tax implications, transaction costs, redemption fees, and cash requirements.
• Perform location optimization—optimally rebalance between qualified and non-qualified assets at a household level.
• Harvest tax losses opportunistically and minimize capital gain distributions.
• Automatically format trades to multiple custodians and across account types.
• Report tax savings to clients.

In the coming months, Morningstar will build a tighter integration between TRX's system and Morningstar Office to help make rebalancing even more efficient for advisors. Starting today, Morningstar's more than 4,400 Office subscribers will be able to get discounted pricing on TRX's rebalancing solution.

"Accurately and thoughtfully rebalancing client portfolios can be a complex and labor-intensive process, but it's also where advisors can add significant value for their clients," Sheryl Rowling, founder of TRX said. "Advisors can't control the ups and downs of the markets, but they can save their clients substantial money by reducing taxes and fees to keep them on track with their goals through good financial planning. The combination of Morningstar Office and TRX makes an intricate and time-consuming task more efficient and accurate."

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 500,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 15 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 more than $179 billion in assets under advisement and management as of March 31, 2015. The company has operations in 27 countries.

About Total Rebalance Expert
Founded in 2008, TRX is an industry-leading independent portfolio rebalancing software platform. TRX provides financial professionals with a tax efficient and robust online software solution that provides advanced functionality to streamline the rebalancing process. Designed by an industry-leading CPA advisor, TRX automates the complexities involved in rebalancing portfolios, enabling advisors to save time, eliminate errors, and free them up to grow their firms and better serve their clients. TRX is headquartered in San Diego, Calif., with offices in Portland, OR. http://www.trxpert.com

©2015 Morningstar, Inc. All Rights Reserved.

MORN-P

Media Contact:
Alexa Auerbach, +1 312 696-6481 or [email protected]

SOURCE Morningstar, Inc.

Related Links

http://www.morningstar.com