Calling traditional risk profiling inadequate, Morningstar Inc. has introduced two new risk measurement tools “to provide a more rigorous and manageable client profiling and investment planning process for firms and their advisers,” the company said in a release.
Starting next week, the company's new Portfolio Risk Score will be available on its Advisor Workstation. The Portfolio Risk Score is also available now on third-party platforms through Morningstar Enterprise Components, along with the company's new Risk Comfort Range.
Both tools will roll out across Morningstar’s other platforms over the remainder of 2021.
The Portfolio Risk Score measures a portfolio’s level of risk compared with Morningstar’s Target Allocation Index family and can be applied to client portfolios, model portfolios, proposed portfolios or individual managed investments, the company said in a release.
The Risk Comfort Range is a methodology “to align client expectations about the risk exposure of their portfolios based on their risk profile and investment objectives to an appropriate range of Morningstar Portfolio Risk Scores,” according to the release.
At Goldman Sachs’ RIA conference, Dynasty’s Shirl Penney said an AI clone trained on his emails and speeches could be the first of “hundreds of digital employees.”
The top-ranked RIA by total AUM continues to scale its wealth management arm, bringing its Pennsylvania presence to five offices.
The Reddit trading community's formal comment letter against the proposal is drawing widespread attention across finance and tech circles.
Chicago Partners Wealth Advisors is helping shape the platform's product roadmap after switching from a legacy system.
RIA aggregator adds $4.8 billion in client assets across seven states as demand grows for alternatives to traditional succession models.
As technical expertise becomes increasingly commoditized, advisors who can integrate strategy, relationships, and specialized expertise into a cohesive client experience will define the next era of wealth management
Growth may get the headlines, but in my experience, longevity is earned through structure, culture, and discipline
