Hanlon Enhances Aggregation with
Morningstar’s ByAllAccounts

UX-AdminPress Releases

IN THE NEWS Header

Hanlon today announced a new agreement with Morningstar, Inc. (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 investors 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.