Chicago-based Morningstaradvisor.com and the Financial Planning Association (FPA) will partner to offer an online tool designed to help financial advisers select a broker-dealer. The partnership was announced at the FPA's Broker-Dealer conference in Los Angeles this past weekend.

The tool was developed by Morningstaradvisor and contains numerous fields of information supplied by broker-dealers on issues like compensation, payouts, and the types of back-office support that are available. Under the deal, the FPA will offer a "private label" a version of the tool on its own web site.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.