The new custom reporting solution for Morningstar OfficeSM Cloud is now live. You can build reports using 12 different components to create custom templates and run reports tailored to your clients’ preferences. Components include asset allocation, account growth, performance and gain/loss. Check out this template, and then create your own. We’re excited to see what you design for your firm in Presentation Studio.
We welcome your feedback. Expect to see a total of around 25 components by June 25th.
Bulk publish to client web portal
You asked - and we’re pleased to announce that you can now publish reports from Office Cloud to all or a group of your clients. Select multiple and click publish. It’s that easy!
Enhancements to billing capabilities include a flat fee billing method, low balance warning for custodian fee file upload, and the option to update fee settings for multiple clients/accounts at the same time.
What’s coming up in the next couple months?
Billing – ability to bill your clients in a batch
Presentation Studio – adding 9+ components by June 25th
Current vs. Model Report – new report coming in early July
Security Reclassification – reclassify your user defined securities
Personal Finance Management component – your clients can add their personal accounts via client portal to create a holistic view of their portfolio.
What’s coming up later this year?
Billing Phase IV
New capabilities include Billing Management Report, Creating Service Charge, Create a Performance Based Fee Option, and Adding Rolling Period as an option for Payment.
Custodian Cost Basis Data
Office Cloud calculates cost basis from transactions, but you may also choose to accept the cost basis data file from your custodian.
Custom Asset Classes
Use Morningstar’s breakdown of asset classes or create your own custom classes to customize your models and reports.
Fixed Income Data
We are adding coverage (qualitative and quantitative) of Fixed Income data.
Group by Client / Account
Create a group of clients or accounts for reporting purposes.
Third Party Integrations
We will enhance our current integrations and develop new ones to support market needs.
Open accounts at select custodians from within Office Cloud (Schwab and Fidelity in Q4, others TBD).