Morningstar Advisor Workstation Enterprise Edition

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1 SM Morningstar Advisor Workstation Enterprise Edition

Advisor Workstation Enterprise Edition is a Webbased solution that brings together the best of Morningstar s capabilities in investment research, sales proposals, client and portfolio analytics, and

2 Advisor Workstation Enterprise Edition is a Webbased solution that brings together the best of Morningstar s capabilities in investment research, sales proposals, client and portfolio analytics, and investment planning. Morningstar has worked closely with your organization to customize a unique Enterprise Edition that may include some or all of the capabilities described in this brochure. This custom edition has been configured based on your organization s assessment of your business needs and workstyle in order to offer you the right solution at the right price. Timely Information Advisor Workstation is Web-based, so you ll always be working with the most up-to-date information. And you can use it in the office, at home, or when traveling wherever you can access the Internet. Modular Structure Advisor Workstation s functions are organized within modules Planning, Sales/Hypotheticals, Clients & Portfolios, and Research. This logical structure creates an efficient working platform that reflects the way you do business. Fully Supported Advisor Workstation is backed by Morningstar s expert product development, design, and support teams to help you meet your business objectives. As a subscriber, you will benefit from our ongoing technology enhancements and new features. Planning Module Sales/Hypotheticals Module Clients & Portfolios Module Research Module

3 Planning Solutions for Your Clients Multiple Goals Advisor Workstation s Planning Module supports the development of sophisticated investment plans to meet your clients investment goals. It gives you tools to show clients how and why different strategies might succeed. And, most importantly, it facilitates smart, informed decisions between you and your clients. Planning Module Features Include: Risk and Needs Questionnaire Risk-Based Model Portfolios Multi-Goal Planner with Monte Carlo and Bear Market Simulations Meaningful Risk Assessment The Planning Module s Risk Assessment Questionnaire helps you quickly assess a client s true tolerance for risk. Once you establish a plan for your clients, use the Risk Assessment Results Report to clearly illustrate the risks associated with a recommended asset mix, based on historical performance. By guiding clients to the most appropriate asset allocations, you maximize the chance they will stick with a plan, despite any short-term performance fluctuations. Planning for Multiple Goals When your clients or prospects present their multiple investment goals purchase of a home, funding their children s college education, or saving for retirement use the Planning Module s proprietary Goal Planner function to create a complete picture of their financial future based on all of their investment and account details. From there you can explore how different investment strategies and asset allocations will allow clients to reach each of their specific goals. Powerful Success-Modeling Tools The Planning Module s tools are designed to help you lead your clients to appropriate, informed decisions about their financial future. As you test each scenario or strategy, present your clients with wealth forecasts and expected outcomes based on sophisticated Monte Carlo simulations. With each scenario, long-term future results are presented as a range of possibilities, showing the probability of success for each different strategy. After you have determined the basic portfolio allocation, you can use the Portfolio Construction Tool from the Clients & Portfolios Module to recommend specific securities for each of a client s accounts.

Needs Assessment Illustration Use the Planning Module s Needs Assessment functionality to explore the possible results for different asset allocations and create the

Risk Assessment Report The results of a client s response to the Risk Assessment Questionnaire, an asset allocation recommendation based on those results, and

4 Needs Assessment Illustration Use the Planning Module s Needs Assessment functionality to explore the possible results for different asset allocations and create the portfolio strategy most likely to meet a client s specific goals. Risk Assessment Report The results of a client s response to the Risk Assessment Questionnaire, an asset allocation recommendation based on those results, and historical performance details for that mix are all summarized in a concise PDF report. Multi-Goal Planner With Monte Carlo simulations that predict the growth of assets over time, the Wealth Forecast function clearly illustrates the probability of success for each goal.

5 Compelling Hypothetical Investment Illustrations Advisor Workstation s Sales/Hypotheticals Module helps you turn complicated investment information into clear insight. You can create detailed reports and hypotheticals that showcase your expertise and recommendations, convince your clients and prospects, and help you grow your business. Sales/Hypotheticals Module Features Include: Portfolio Hypotheticals Individual Hypotheticals Comparison Hypotheticals Customizable Hypotheticals Hypothetical Illustrations can highlight a security s historical performance in isolation, in comparison with competing funds, or in the context of its contribution to the overall performance of a portfolio. You can create reports for any of the 100,000+ securities in the Workstation database. All of the illustrations have the ability to include breakpoint information so you can be sure to accurately represent each investment. Our Hypothetical Illustrations are the only ones in the industry that allow you to incorporate underlying holdings to show performance with relevant asset allocation, sector weightings, and style diversification information. So when you use them in a client presentation, you re making a strong, sound case for your recommendations. as the results of a dollar cost averaging investment strategy versus a lump sum investment. Most reports are FINRA-reviewed and all are generated in a PDF format, which allows for easy sharing with clients and prospects, either as printed documents or via . A Library of Presentations Every report you create can be easily added to your own library for future use. This feature allows you to maintain a set of reports and presentations that answer your clients most commonly asked questions and provides fast updates on your preferred investments or portfolios. Best of all, because your library is stored online, you can recall reports from wherever you access the Internet. High Impact Reports Use our interactive wizard to quickly generate professional quality reports. You can specify investment schedules, fees, taxes, and rebalancing options. It s also easy to create reports that illustrate the effects of different strategies, such

Interactive Illustration Wizard Quickly create detailed reports based on your specified investment schedules, fees, taxes, and rebalancing options.

6 Interactive Illustration Wizard Quickly create detailed reports based on your specified investment schedules, fees, taxes, and rebalancing options. Hypothetical Presentation Library All of your frequently-used scenarios, reports, and illustrations for different investment strategies can be saved for fast future access. Portfolio Hypothetical Report Illustrate how a recommended security would have contributed to the overall performance of a specific portfolio.

7 Efficient and Proactive Client Management Advisor Workstation s Clients & Portfolios Module is the portal that gives you access to all of your client files. Import portfolio data into Advisor Workstation from other applications, conduct detailed portfolio analysis, diagnose problem points in portfolios, and set rules for ongoing portfolio monitoring. Clients & Portfolios Module Features Include: Portfolio Snapshot Portfolio X-Ray Stock Intersection Portfolio Construction Tool Data Integration Alerts Diagnose Portfolio Problems Use the exclusive Portfolio X-Ray to scan an entire portfolio to create a comprehensive picture of the portfolio s underlying stocks, sector exposure, and overall investment style in a powerful report. If a client has several portfolios aligned to multiple investment goals, you can analyze each independently or aggregate them into an overall portfolio for a macro-level analysis. You can also run a Stock Intersection Report which will compile the underlying holdings of each of the positions in a client s portfolio to determine the actual exposure to individual stocks. Build Diversified Portfolios Advisor Workstation s Portfolio Construction Tool will help you build and present diversified portfolios that match your client s ideal asset allocation. This tool shows you the true composition of a portfolio at a glance including sectors, asset class, and style. Best of all, when you rebalance, add, or delete holdings, you ll instantly see how your proposed changes affect the overall portfolio. Backed with FINRA-reviewed reports, you can present these recommended portfolios to your clients. In addition, you can generate a Portfolio Comparison Report which gives a side-by-side snapshot of your client s current and recommended portfolios. Monitor Progress with Portfolio Alerts The alerts system provides you with timely notifications of any significant changes in your client s portfolios. Set alerts for individual securities or for an entire portfolio. You choose what alerts you want to receive, how often, and the threshold triggers. Import Portfolios from Popular Software The Clients & Portfolios Module allows you to import portfolio data from software such as Pershing s NetExchange Pro, National Financial s Streetscape, Albridge TM Solutions, MoneyGuide Pro TM, TD AMERITRADE s Veo, and other popular research and portfolio programs, so you won t waste time with redundant entry of portfolio information.

Alert Interface View the starting values for a security or portfolio,

Portfolio X-Ray Report This rich analysis pulls together detailed

8 Alert Interface View the starting values for a security or portfolio, then set the desired threshold triggers for each alert. Portfolio X-Ray Report This rich analysis pulls together detailed statistics for a portfolio s overall style, sector, and regional exposure. Portfolio Construction Tool Instantly see how proposed changes such as rebalancing, adding, or deleting holdings will affect the overall portfolio composition.

9 Fundamental Research for Every Investment Type A deep, accurate database. An intuitive interface. Reports that clients can easily understand. Advisor Workstation s Research Module combines them all to provide the resources you need to conduct fundamental investment research and do so quickly and efficiently. Research Module Features Include: Database of 100,000+ investments Investment Screening Tools Investment Detail Reports Analyst Reports Saved Lists and Searches Market Barometer Broad, Detailed Security Coverage The Research Module includes 25,000+ openend funds, 600+ closed-end funds, 11,000+ stocks, 800+ exchange-traded funds, and 86,000+ variable-annuity/life subaccounts, with coverage of 1,800+ policies. An optional database provides coverage of 6,100+ separate accounts with extensive background and employment information for portfolio managers. You ll find detailed performance data for the Morningstar Categories and 100+ market indexes, including the Morningstar Index family. In addition, the Market Barometer SM provides an innovative, at-a-glance view of the market, allowing instant analysis of performance trends. Index performance is easily seen in context and market movements and patterns can be quickly discerned. Security information is updated as it becomes available daily, monthly, and quarterly and includes performance details, extensive underlying holdings information, and Morningstar Rating TM and Style Box TM statistics. Powerful screening and ranking tools make it easy to find specific investments. You can also create lists based on your specific criteria for fast access to information on your favorite securities. The Best of Morningstar s Insight and Analysis The Research Module provides access to the insight of Morningstar s 200 stock and mutual fund analysts. You ll find in-depth Analyst Reports for more than 2,300 mutual funds and 2,200 of the market s most closely watched stocks. Expand the scope of your research with the results of due diligence questionnaires for the largest fund families. Thorough Investment Reports Communicate your insight clearly using FINRAreviewed Investment Detail TM Reports that offer concise overviews of each security and can be printed or ed to clients. And they re backed with data and ratings from Morningstar, the name known and trusted by investors for its independence and objectivity.

Setting the Screening Criteria Find, sort, and rank investments using and, or commands for up to 20 criteria, including percentile

Market Barometer The Market Barometer visually displays index return information for the Morningstar indexes over a range of time periods

Morningstar Reports On-screen reports provide the latest performance, ratings, and portfolio details, including the Morningstar Style Box

10 Setting the Screening Criteria Find, sort, and rank investments using and, or commands for up to 20 criteria, including percentile performance rankings, detailed expense information, and manager tenure. Market Barometer The Market Barometer visually displays index return information for the Morningstar indexes over a range of time periods and investment styles. Morningstar Reports On-screen reports provide the latest performance, ratings, and portfolio details, including the Morningstar Style Box TM and Ownership Zone TM, which shows the actual range of the stocks within a portfolio. Mutual Fund Investment Detail Report FINRA-reviewed reports are generated in a PDF format for easy printing or ing to clients. The report provides a detailed overview of each investment in an easy-to-understand single-page format.

Reports that Get Results Advisor Workstation Enterprise Edition produces concise, visually compelling reports that strengthen your presentation efforts.

Mutual Fund Detail [All Modules] Highlights key performance, investment style, portfolio, and operations information in a single-page FINRA-reviewed format.

11 Reports that Get Results Advisor Workstation Enterprise Edition produces concise, visually compelling reports that strengthen your presentation efforts. They help you communicate your recommendations and investment advice. And they re backed by Morningstar, the name known and trusted by your clients and millions of individual investors. 1. Mutual Fund Detail [All Modules] Highlights key performance, investment style, portfolio, and operations information in a single-page FINRA-reviewed format. Easy to Create and Deliver Advisor Workstation reports are easy to create and most are FINRA-reviewed, so you can use them in many sales situations. All are generated in standard PDF format, giving you the flexibility to print them for presentations or them to clients or prospects for an instant portfolio update or proposal addendum. Advisor Workstation is Web-based and uses the most current information in our databases, so your reports will always contain the latest available data. Best of all, your reports can be easily saved and stored for fast future use. 6. Goals Overview [Planning] Creates an overview of all of a client s investment goals, possibilities for future asset growth, and probabilities of achieving each goal.

12 2. Stock Detail [All Modules] Includes proprietary Morningstar Stock Grades for profitability, growth, and financial health, along with the Morningstar Fair Value measure. 3. VA/L Subaccount Detail [All Modules] Provides comprehensive coverage at both the subaccount and policy level, with tools that allow meaningful comparisons to other managed product types. 7. Risk Analysis [Planning] Shows the overall portfolio risk for both the current and suggested portfolios, along with graphic examples of bear market simulations. 8. Individual Hypothetical [Sales] Illustrates historical performance in a FINRA-reviewed Hypothetical Report that can be given directly to clients.

13 TM 4. Portfolio Comparison Report [Clients & Portfolios] Analyze and rebalance two portfolios side-by-side to instantly see differences in style diversification, sector weighting, and historical returns. 5. Risk/Needs Assessment [Planning] Summarizes the client s risk scoring and suggested asset mix with historical performance data for the suggested asset mix. 9. Portfolio Hypothetical [Sales] Shows how each security within a portfolio contributes to the overall performance of the portfolio. 10. Comparison Hypothetical [Sales] Highlights the performance of an investment in comparison with competing funds.

14 Performance Disclosure The performance data quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate thus an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than return data quoted herein. For performance data current to the most recent month-end, please visit See Disclosure Page for Standardized Returns. 11. Portfolio Snapshot: Client Summary [Sales, Clients & Portfolios] Provides an in-depth synopsis of the client s portfolio, with asset-class and investment style breakdowns, performance information, and top holdings. 12. Portfolio Snapshot: Advisor Detail [Sales, Clients & Portfolios] Shows high-level portfolio statistics fundamental analysis, risk measures, and a risk/reward scatterplot. 13. Portfolio X-Ray [Clients & Portfolios] Includes detailed relative sector exposure, investment style breakdowns, top holdings for the overall portfolio, and regional exposure. 14. Stock Intersection [Clients & Portfolios] Identifies cumulative exposure to individual equities, based on stock holdings and the underlying holdings of the managed products in the portfolio.

15 Getting Started Advisor Workstation Enterprise Edition can be configured to meet the distinct needs of any organization. The version available to you will feature a combination of the following capabilities. The system requirements below are recommended for the optimal performance of all editions. Capability Highlights System Requirements Security Protocol Planning Multiple-goal investment planning with Monte Carlobased success modeling. Online risk and needs assessment. Detailed reports for before-and-after investment recommendations. Sales/Hypotheticals FINRA-reviewed hypotheticals with customizable content for more than 100,000 securities. PDF reports for print or delivery. Online library functionality all reports can be saved for future use. Clients & Portfolios In-depth portfolio analysis tools, including Portfolio X-Ray and Stock Intersection SM. Customized alert system. Data integration with a host of providers. Research Screening, sorting, and ranking using Boolean logic and up to 20 criteria. In-depth analyst reviews for more than 2,300 mutual funds and 2,200 stocks. Data for more than 100 market indexes, Morningstar categories, and benchmarks. Coverage includes: 25,000+ mutual funds 11,000+ stocks 600+ closed-end funds 800+ exchange-traded funds 86,000+ variable annuity/life subaccounts 6,100+ separate accounts Recommended settings for optimal performance: Connection Speed DSL, cable modem, or higher Browser Internet Explorer 5.0 or higher. Browser Settings Enabled for cookies, Java, and JavaScript. Operating System Microsoft Windows NT 4.0, Windows 95 & 98 SE, Windows 2000, Windows XP, or Windows Vista. Processor Type, Speed, RAM, and Disk Space Intel Pentium II, 400 MHz or higher, 128 MB RAM, and 200 MB disk space. Third-Party Applications Adobe Acrobat Reader 4.0 or higher. Printers For optimal performance, we recommend using a color printer when printing graphs and reports with graphs. Morningstar s servers use 128-bit Security Sockets Layer (SSL) protocol, the encryption standard employed by most banks and credit-card companies for transmission of data over the Internet.

16 Ongoing Support and a Free Test Drive Choosing a new software system for your practice is a major decision. And whatever your specific needs are, it s important to know that you ll receive the ongoing help and support you ll need as you use the software on a daily basis. Advisor Workstation is fully supported by in-house Morningstar staff. Our support team works with your company to develop custom training programs, host online tutorials, and develop educational materials to support you. Best of all, we give you the chance to take a riskfree, 15-day trial of Advisor Workstation Enterprise Edition so you can experience all of the features available to you. Call to register.

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