NU Online News Service, Aug. 28, 10:45 a.m. – Morningstar Inc., Chicago, is now selling access to its Morningstar Advisor Workstation system through the Web, at http://www.morningstaradvisor.com

The system provides daily updates on stock and mutual fund information, portfolio analysis and asset allocation tools, tools for developing hypothetical illustrations, client management tools, and individual and batch reporting tools.

Financial institutions that buy the service can customize the tools they make available to their advisors, Morningstar says.

Advisors can get a free, 30-day trial by visiting the Morningstar advisor site.

The site was set up in mid-2000 and now has 60,000 users, Morningstar says.