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Acknowledging that not all advisors will use the entire set of Web-based tools in the costly Morningstar Advisor Workstation research and financial planning application, Morningstar Inc. is now offering up a cheaper alternative. Instead of buying the whole package at a list price of $5,000 per year for each user, advisors can purchase modules that perform specific tasks for $1,000 to $2,000 apiece.

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