T. Rowe Price Associates is partnering with Morningstar to provide individual investors and participants in 401(k) plans with access to a comprehensive lineup of free investment tools.

Under the deal, the T. Rowe Price Web site will feature several Morningstar tools such as Morningstar ClearFuture, its retirement accumulation analyzer; Portfolio X-Ray; Portfolio Tracker; and an IRA Calculator. These tools will supplement proprietary T. Rowe Price tools such as the Retirement Income Calculator and College Savings Calculator.

This will be the first collaboration of its kind between Morningstar and a financial services company. The result will be a suite of resources for everything from retirement, college, and tax planning to developing an investment strategy and reviewing a portfolio.

The alliance enables T. Rowe Price to serve in an advisory role for any additional tools Morningstar creates, while continuing to develop its own calculators and educational resources for investors.

The companies expect to begin rolling out the combined platform by the end of the year.

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