Finance Logix Announces Integration Agreement with Morningstar

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Data integration between industry-leading advisor technology platforms to facilitate financial planning process.

The integration is driven by innovative web services that eliminate the need for advisors to manually import data in order to show clients their current financial situation

Finance Logix, a leading provider of financial planning and client engagement solutions, today announced an agreement with Morningstar, Inc., a leading provider of independent investment research, to integrate the Finance Logix platform and Morningstar OfficeSM. The Finance Logix platform is a customized end-to-end financial planning and client management solution and Morningstar Office is a research and practice management system for financial advisors.

The integration, which is now live, enables mutual Finance Logix and Morningstar clients to access up-to-date client and account information from Morningstar Office within the Finance Logix platform to facilitate the financial planning process. The integration is driven by innovative web services that eliminate the need for advisors to manually import data in order to show clients their current financial situation and their progress toward their goals.

“One of the underlying objectives of the Finance Logix platform is to make advisors’ lives easier and to provide them with a powerful communication tool,” said Oleg Tishkevich, CEO of Finance Logix. “With our integration with Morningstar Office, we are delivering on this promise.”

“This new integration sends up-to-date account data seamlessly to advisors, which frees up more time for advisors to spend with clients. It also supports our goal of helping advisors make their practices more efficient by connecting Morningstar products with leading third-party applications,” said Tricia Rothschild, Morningstar’s global head of advisor solutions.

After a one-time set up per client household, data fields from Morningstar Office such as market values, cost basis, holdings and accounts are automatically updated nightly within Finance Logix, providing advisors and their clients with a complete financial plan. Other benefits of the integration include reducing errors through by reducing manual data entry as well as more efficient workflows.

“This integration with Morningstar Office is just one of the many technology integrations Finance Logix has with the industry’s leading systems,” said Tishkevich. “We look forward to continuing to invest in the Finance Logix suite of capabilities to provide advisors a comprehensive, end-to-end platform that will continue to evolve to meet their needs, particularly in today’s more competitive environment.”

About Finance Logix

Finance Logix is an innovative technology firm that provides customized end-to-end financial planning and client management solutions for leading financial services institutions and independent advisors. Since 1998, Finance Logix has created financial planning technology with the vision that users would be able to easily identify client requirements and needs, quantify future goals, and return the most highly customizable, realistic, and achievable plan of action. Finance Logix is the result of extensive research and insights into what the financial services industry requires to market and deliver consistent, accurate, personalized financial advice. http://www.financelogix.com

About Morningstar

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 14 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 $170 billion in assets under advisement and management as of Dec. 31, 2014. The company has operations in 27 countries.

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Timothy Welsh
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