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FolioDynamix selects Morningstar Portfolio Tools for wealth management tech platform


FolioDynamix has added the Morningstar Portfolio X-Ray and Portfolio Comparison tools to its wealth management platform. 

FolioDynamix has incorporated the Morningstar tools into its proposal generation engine to enhance advisors' ability to quickly and easily evaluate their clients' investment portfolios by running side-by-side comparison reports of various portfolio allocation options.

FDx Propose, the client investment proposal generation and investment policy statement (IPS) management component of the FolioDynamix technology platform, allows advisors to accelerate individual and household-level investment proposal generation through a web-based interface. It includes the ability to customise model, program and product selections, choose flexible or fixed investment proposal generation paths, incorporate custom risk tolerance questionnaires and present multiple investment programs in a single proposal.

The offering brings together Morningstar's portfolio analysis and comparison tools, Portfolio X-Ray and Portfolio Comparison, with FolioDynamix FDx Propose, giving financial advisors on-demand access to the powerful combination of two market-leading solutions. Now, advisors will be able to view the aggregate portfolio-level data and compare key metrics between two different portfolios. Direct comparisons make it easier to communicate the merits of one portfolio over another to investors.

"We're excited to work with FolioDynamix. Bringing together our portfolio tools with FolioDynamix's robust wealth management platform will help advisors achieve even better outcomes for their clients," says Joanna McGinley, head of Global Redistributor Solutions at Morningstar. "With Portfolio X-Ray, advisors can demonstrate to clients or prospects how they can combine proposed investments to help achieve long-term goals. Portfolio Comparison allows advisors to easily highlight the advantage of their recommendations and show the value they bring to their clients."

"FolioDynamix prides itself on providing advisors with a single, comprehensive platform that spans the full wealth management lifecycle and delivers the depth and breadth of capabilities needed to win and retain clients," says Joseph Mrak, Chairman and CEO of FolioDynamix. "The addition of the Morningstar X-Ray and Portfolio Comparison tools further strengthens our capabilities in proposal generation and reporting. This will help advisors make more informed portfolio allocation decisions and enable them to communicate more effectively with prospects and clients to accelerate business growth."

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