Morningstar Investment Services, a registered investment advisor and subsidiary of fund researcher Morningstar, said today that three distributors have opted to use its new investment management service, which will be available next month.

The three firms, Commonwealth Financial, of., Waltham, Mass., SIGMA Financial, of Ann Arbor, Mich., and KMS Financial, of Seattle, Wash., will be Morningstar Investment Service’s first clients to use the Managed Portfolios program.

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