Briefly: PlanPlus opts for Morningstar data

By Staff | May 6, 2008 | Last updated on May 6, 2008
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(May 6, 2008) Morningstar Canada has been selected to provide global mutual fund and stock data for the PlanPlus Web Advisor platform.

“A key benefit of our Web Advisor is the ability for advisors to identify the existing asset allocation of a client’s current holdings as well as accurately illustrate the recommended asset allocation and demonstrate how specific products fulfill that target,” said Lynne Myles, vice-president of product development for PlanPlus. “To do this, we need a reliable electronic source that provides a proper categorization of the investments, not just in Canada but worldwide.”

Morningstar will provide PlanPlus with portfolio data on mutual funds for sale in Canada, the United States, the U.K., France, Spain and Asia. Morningstar will also provide daily performance data on stocks traded in Canada, the United States, and the U.K.

Since each fund has over 300 data points, users of PlanPlus will be able to categorize investments more accurately when considering clients’ asset allocation.

(05/06/08) staff


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