Meet KYC and KYP requirements with Morningstar data
Comprehensive Compliance Solution for Your Advisors
Regulations shift and evolve, and we can help your advisors serve their clients’ best interests and stay aligned to key regulatory requirements. Morningstar’s Direct Advisory Suite weaves compliance steps into investment planning, proposal generation, and client reporting workflows.
Know Your Client
- Use Risk Profiler to help advisors understand their client’s comfort with investment risk and make more-informed trade-offs.
- Personalized advice based on a client’s risk comfort, values, and goals with the Investment Planning experience. Advisors can meet industry best practices (as stipulated by CIRO) around collecting investors’ non-financial preferences during this process.
- Streamline client communication with the Morningstar for Advisors App.
Know Your Product
- Review a reasonable range of investments with the Due Diligence Module.
- Access the Compliance Dashboard in Enterprise Analytics to discover the proposals that are likely to pose a risk to CFR regulations.
Product Research
Powered by Morningstar data, your team can screen for investments that range from traditional funds and ETFs, public models, segregated funds, and more. Our database houses full holdings for 8,000 unique Canadian-domiciled managed products—the majority of which are updated on a monthly basis.
Portfolio Analysis
Let advisors demonstrate their expertise in real time with vivid on-screen portfolio analysis that shows how investing choices affect the portfolio and progress toward long-term goals.
Regulation and Compliance
Stay aligned with KYP elements of the CFRs. Demonstrate suitable recommendations with investment scorecards that allow advisors to determine, document, and show best-interest advice after screening your product shelf.
How Advisors Can Benefit
Streamline your business with our suite of tools—all backed by Morningstar’s quality data, research, and insights.
Unlock timely data and research
Make better investing decisions with support from 350-plus analysts around the world.
Measure risk tolerance and capacity
Score how your clients feel about financial risk. Once risk profiles are identified, advisors can generate a proposal in minutes to show clients a path toward meeting their financial goals.
Keep organized records
Capture consistent, central data to trust that your firm is staying ahead of regulatory demands.
Choose a trusted partner
With our independent data and 40 years of expertise, Morningstar can help tailor your firm’s approach to investment, research, and due diligence.
Connect to how you work
Morningstar can integrate with CRMs and third-party financial planning tools, allowing advisors to easily embed compliance components for one convenient workflow.
Scale compliance for your growing business
Set a firmwide standard for suitability with our solutions. Advisors can check investments and underlying holdings against your firm’s criteria for risk, performance, and fees.
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