Morningstar, a provider of independent investment insights, and iCapital, a global fintech platform empowering the asset and wealth management industry, have formed a strategic relationship to expand financial adviser access to alternative investments and insights.
The partners will provide Advisor WorkstationSM users with access to alternative investments and analytics for the first time. The integration equips Advisor Workstation’s more than 170,000 users with alternative-investment research and tools to evaluate private assets side-by-side traditional investments. Coupled with investment proposal and report capabilities in Advisor Workstation, the solution empowers advisers to offer holistic recommendations and build diversified portfolios that include alternative assets for clients.
The announcement comes as demand for alternatives is forecasted to increase. Advisers are responding to client needs and an uncertain market environment by offering more products in t