[February 23, 2017] |
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Hanlon Enhances Aggregation with Morningstar's ByAllAccounts
Hanlon
today announced a new agreement with Morningstar, Inc. (NASDAQ:MORN), a
leading provider of independent investment research, for Morningstar's
ByAllAccounts on Hanlon's Wealth Platform. Morningstar® ByAllAccounts?
service for Advisors aggregates investor accounts and provides daily
updates for a more holistic view of total wealth.
Sean Hanlon, Chairman and CEO of Hanlon, said, "We are thrilled to work
with Morningstar to bring our advisors, their firms, and their clients
the most comprehensive aggregation technology. The Hanlon Wealth
Platform is uniquely designed to reduce back-office tasks, creating time
for advisors to deepen their client relationships. The ByAllAccounts
integration delivers our advisors what they have asked us for: increased
productivity, less back office work, greater ease with tasks like
reconciling across multiple custodians and enhanced compliance
reporting."
Hanlon added, "as mobile client capabilities become a requirement to
service the next generation of ivestors we can now provide them
a device based window into their spending activity and investment
monitoring."
The aggregation platform includes drag-and-drop functionality that looks
at an investor's total wealth, balance sheet, cash flows, and asset
allocation. This enhancement includes customized report generation, a
document vault, and alerts that notify investors if their asset
allocation is no longer in balance, funds are transferred out of an
account, or a deposit is made to an account. Hanlon advisors can also
customize branding of the platform and use it to analyze their entire
book of business.
David Johnson, head of Morningstar ByAllAccounts, said, "Since the
launch of ByAllAccounts, we have helped redefine the way advisors run
their businesses. By removing the work associated with manual
aggregation, and systematizing the delivery of client services,
ByAllAccounts' advisors can focus on delivering an extraordinary client
experience. Investors continue to demand more robust reporting
technology. With the ability to access up-to-date information, from any
mobile device, this digital wealth management solution strengthens the
client-advisor bond. The client now has a current personal financial
picture, the advisor now knows more about the client's financials, and
subsequent conversations better allow an advisor to demonstrate their
added value."
About Hanlon Investment Management
Founded in 1999 by Sean Hanlon, CFP®, Hanlon Investment Management has
more than $2.2 billion of assets under management, distributed through
thousands of financial planners and advisors. Hanlon serves the needs of
over 20,000 individual investors, retirement plans, trusts and
institutions. In 2012, Hanlon acquired Interactive Advisory Software
(IAS) the only fully-integrated, cloud-based technology solution to
operate a financial planning and wealth management practice. IAS powers
the Hanlon Wealth Platform. IAS has relationships with 130 firms that
are collectively advising on more than $40 billion in assets. For more
information, visit Hanlon.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170223006302/en/
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