Morningstar debuted what it calls the industry’s first separate accounts database for financial advisers today at its annual investment conference in Chicago.

Morningstar said the product is designed to "bring order and uniformity to separate account information," making it possible for advisers to search and compare individual separate accounts or several of the vehicles at once. In addition, Morningstar said the product allows advisers to analyze a client’s entire portfolio, including information about mutual funds, individual stocks and annuities.

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