Morningstar Catalog 2010/2011 - (Page 57)

Labrum Capital Advisors, LLC Finds Independence with Morningstar Office SM Portfolio Asset Allocation NEW Customizable communications. The new drag-and-drop Report Studio interface taps into Morningstar data and research for creating tailored client-ready materials. Share business practices. Launching any business during a recession is tough—let alone an independent wealth management practice. When Jason Labrum went out on his own to found Labrum Capital Advisors, LLC, he knew his firm’s success would depend not only on its advisors, but also on how efficiently he could run the business. Operating in two southern California locations separated by 40 miles, the firm has kept in sync by using Morningstar Office. “Its real advantage is consistent information,” explains Labrum. “It would be very difficult to run an independent business without Morningstar Office.” SM Add Charts r Update Joan: As you know, the market has been rather volatile over the past year, but ement portfolio has definitely weathered the storm. The next time you're both fice, let's talk about upping your contributions to the kids' 529 plans. C. Finley, CFP XYZ Wealth Advisors Achieve more with less. Things didn’t always run so smoothly. Labrum Capital Advisors started with several software providers, including one whose reports resulted in endless frustration. All were more costly than Morningstar Office, and less complete. “There were definitely limitations in the other platforms we were using that we have not come across with Morningstar Office,” says Labrum. “Other solutions don’t have anything that compares to all of its features.” Keep it simple. One administrator in each location uses Morningstar Office to manage the import and reconciliation process for the advisors, which takes as little as five minutes a day. Labrum says the platform makes quarterly billing a breeze. And the firm loads its model portfolios into Morningstar Office, making it possible to see which clients are invested in which models across the practice— and to quickly compare a prospect’s portfolio. Work at peak performance. Labrum Capital Advisors was able to transition to Morningstar Office with virtually no learning curve. “The tutorials are fantastic, and you can choose how you want to learn. With a fiveor 10-minute time investment, I can become a master at whatever feature I’m trying to use,” Labrum says. He also appreciates that Morningstar Office is web-based. “If I’m at home doing a bit of work, I can pull up a client’s updated account. That’s a big efficiency.” K Jason Labrum is founder and president of Labrum Capital Advisors, LLC. Centralized client management. Morningstar Office aggregates account data and portfolio information to help advisors consolidate client communications. Client data imported from multiple custodians Accounts reconciled daily for advisor Transactions processed by Morningstar staff Morningstar Back Office Services. This service outsources the daily import and reconciliation of client data to our team, allowing advisors to focus on their clients instead of the back office. ® SM

Table of Contents for the Digital Edition of Morningstar Catalog 2010/2011

Morningstar Catalog 2010/2011
Legg Mason
T. Rowe Price
Raymond James
Morningstar Direct
RBC Global Asset Management (U.S.) Inc.
Morningstar® EnCorr®
CPMS Equity Market Service and CPMS Backtest Service
Morningstar® Workstation
Morningstar® Annuity Research CenterSM
Morningstar Quotes
Alpari (UK) Ltd
Morningstar LIM
Morningstar® QuoteSpeed
Morningstar® Fund Research
Morningstar® Equity Research
Morningstar® ETF Research
Morningstar® Corporate Credit Research
Morningstar Realpoint
Morningstar Associates
Ibbotson Associates
Morningstar Investment Services
Morningstar® Licensed Data
Morningstar® Document Library
Manager Benchmarks
Manager Profiles
Morningstar® Alternative Investment Center
Morningstar® Traded Fund Center
Morningstar® Pension and Endowment Center
Morningstar® Indexes
Morningstar® Equity Licensed Data
Morningstar® Document Research
Morningstar FootnotedPro
Morningstar® Advisor Workstation
Morningstar® Analyst Research Center
Morningstar® Portfolio Builder
Morningstar® Annuity Analyzer
Morningstar® Enterprise Data Management
Morningstar® Site Builder and Licensed Tools
Investor Relations Services
Morningstar® Advisor Websites
Morningstar Office
Labrum Capital Advisors, LLC
Morningstar® Principia
CPMS Model Portfolios
Advisor Professional Development
Morningstar® Newsletter Builder
Financial Charts and Presentations
Ibbotson® SBBI® Classic Yearbook
Corporate Performance Graph Service
Morningstar® Institutional Marketing and Sales Solutions
Morningstar® Investment Profiles and Guides
Morningstar Valuation Services
Ibbotson Valuation Publications
Ibbotson® Cost of Capital Resources Center
Advertising Services
Customer and Employee Incentive Programs®
Global Investing Websites
Morningstar® Investment Research CenterSM
Newsletters and Books

Morningstar Catalog 2010/2011