Welcome to Morningstar Office 3.0
Portfolio Accounting Reports
Morningstar Office offers 18 new reports in our Portfolio Accounting System (PAS). You can find these reports grouped as Portfolio, Performance, Fixed Income, and Management report types.
To generate a Portfolio Accounting System report
Definition Master
You can define securities, security types, asset classes, countries, currencies, exchanges, sectors, industries, brokerages, bond insurers, and foreign currency exchanges. To access, click Tools and then click Definition Master.
Assistant Management
Each Morningstar Office subscriber may have up to two assistants that have access to the subscriber's Morningstar Office data. When logged in, the assistant will assume the identity of the subscriber, but the Profile page will show the assistant's profile. The assistant will not have access to the subscriber's Profile.
Sharing
Share clients, prospects, investment lists, searches, models and more with other Office users, both within and outside your firm. To share, select the item, then click the Action menu.
Groups and Composites
Groups and Composites allow you to group accounts together so you can run performance reports on the included accounts. Groups are less restrictive than composites, in that an account can be assigned to any number of groups. All the new PAS reports are available for Groups. Groups and Composites are located in Practice.
Import
You may import your custodial data from SchwabLink and Fidelity Advisor Channel. Both tools offer a variety of data formats, and so you should be sure that you are downloading data in Schwab's classic format and Fidelity's Centerpiece format. The first step in importing is to initialize positions with a full Build or Positions file, and then begin importing transactions for subsequent date ranges.
PAS Settings
In Settings you can set up default values for certain data fields and set up instructions to indicate how PAS processes things like transactions, performance calculations, management fees, and tax lot methods. These settings can be applied to clients, accounts, and/or holdings. The default setting is at the user level. Settings at lower levels override higher-level settings. In Preference, you indicate the currency displayed, how the date and currency are displayed, and you can add your company logo to be included on your reports. Only one set of preferences is allowed. To access, in the left navigation page, click Home, then click Settings.
Billings
You can enter, view, edit, or delete billing or payment items charged to your client. Billing types include billable services, service charges, management fees, payments, and adjustments. You can also view billing history and generate billing statements. To access, in the left navigation page, click Practice, then click Billings.
Net Worth Statement
Create a Net Worth Statement for your client to see all their assets and liabilities in one report.
To create a Net Worth Statement
Model Asset Allocations
Asset Allocations set up in Workspace will now be available in a 14-asset class format, rather than the current format of 5 broad asset classes. Please note, however, that if you use any of these asset allocations in a Goal Plan, that Goal Planner can only support a 12-asset class model (Real Estate & Commodities are not supported).
Investment Lists
You can create multi-asset lists in Morningstar Office. Investment lists are housed in the Workspace area.
Hedge Fund Universe
Morningstar Office offers data on over 2700 global hedge funds. The hedge fund universe is located in the Research area. However, to gain access to it, you must first agree to Morningstar's terms. To access the agreement, from the File menu, click Hedge Fund Agreement.
Increased Mutual Fund and Index Universes
Morningstar Office added over 14,000 offshore open-end funds to the mutual fund universe and includes over 8,000 global indexes in the index universe.
Portfolio Alerts
With portfolio alerts, you can identify the threshold values for Cash, US Stock, Non-US Stock, Bond, and Other (% or $) in any portfolio.