Morningstar Wealth Partners With Envestnet on Public/Private Select Series

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Summary · why it matters

Morningstar Wealth will make its Morningstar Public/Private Select Series available through Envestnet, sending shares of Morningstar up 2.5% in the afternoon session. Advisors on Envestnet will be able to use the series through its Fund Strategist Portfolios program, with Morningstar Wealth retaining responsibility for allocation, manager selection, and oversight while Envestnet handles trading, rebalancing, and tax management. The portfolios were built with Apollo, Franklin Templeton, and J.P. Morgan Asset Management, and the series spans six strategies across the risk spectrum. The series is expected to be available beginning this October. Morningstar shares were trading at $194.87, up 3% from the previous close.

Impact on assets 3

Financials▲ · 1 stocks
Morningstar Inc
MORN
▲ PositiveDemandrelevance

Morningstar's Public/Private Select Series will be distributed through Envestnet's Fund Strategist Portfolios program, expanding advisor access to its products.

Aging Population▲ · 1 stocks
Digital Finance & Tokenization▲ · 1 stocks

Off-coverage companies 1

Envestnet Portfolio SolutionsPrivate▲ Positive
Demandrelevance

Envestnet gains Morningstar's Public/Private Select Series on its platform, adding assets and advisory usage to its Fund Strategist Portfolios program.

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