Chicago-based 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.

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