Morningstar plans to retire Morningstar Office, its web platform offering investment research, portfolio accounting and client communications for financial advisors, in the first half of 2026.
The investment research firm disclosed the plan recently as it announced an agreement to make SS&C Technologies’ Black Diamond Wealth Platform the first wealth platform to integrate with Morningstar’s new Direct Advisory Suite.
The alliance, Morningstar said, pairs investment data and research, portfolio construction and holdings-based analysis, and client engagement capabilities from Direct Advisory Suite with Black Diamond technology for portfolio accounting, client communications, compliance, trading and rebalancing, data aggregation and performance reporting.
The company said it has worked closely with Black Diamond to design a smooth transition with a customized migration process. Because of this integration, advisors using Office who choose to transition to Black Diamond will continue to have access to Morningstar data, a Morningstar spokesperson said by email.
Competitors are already seeking to attract advisors using Morningstar Office to their platforms.
“I’d like to extend a personal offer of support to all affected advisory firms,” Timothy Holland, chief investment officer of the financial technology firm Orion, said in a LinkedIn post Wednesday. “We understand that transitions like these can be challenging and may come with a lot of uncertainty.”
He added, “If your firm is considering its next steps, we are here to discuss how our solutions can meet your unique needs, including seamless integration” and access to its advanced planning and behavioral finance tools.
A senior business development officer at Addepar also made a pitch to advisors on LinkedIn last week.
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