The Wealth Advisor

(GeoWealth) Most of you probably remember the traditional method of managing separate accounts for the same household. Every investment strategy or model existed as a separate account, with its own set of securities. 

Whether it was a home office model, a large cap value strategy, or a professionally managed account (the list goes on) for the same household, each required a separate account number, separate statements, separate 1099 reports, creating obvious and significant burdens for both clients and advisors.

(Morningstar Wealth) The classic balanced portfolio of 60% U.S. stocks and 40% U.S. bonds has rebounded from its worst year in more than a decade but remains besieged by naysayers and doubters. While there are lessons to be learned from the portfolio’s sharp stumble in 2022, valuations point to better times ahead for the old-school portfolio.

The retirement groups within Morningstar Investment Management LLC ("Morningstar Retirement"), a subsidiary of investing insights firm Morningstar and Envestnet, a leading provider of integrated technology, intelligent data and wealth solutions, are planning to launch a managed accounts service for Individual Retirement Accounts (IRA) powered by IRALOGIX. This new offering will be custodied by Matrix, a subsidiary of Broadridge and will make it easy for individuals—regardless of account balance—to receive personalized investment advice on their IRAs.