Morningstar is shuttering 'Office' in 2026 and steering its orphaned RIAs to Black Diamond to get revenue cut in deal -- but Advyzon and Orion aren't planning to get cut out

The Chicago company finally got its RIA software into the cloud in 2018 but got out-invested by cloud-based rivals -- and now it's 'open season' on soon-to-be orphaned RIAs.

Author Oisin Breen February 19, 2025 at 4:18 AM

2 Comments

Stephanie Lerdall: Morningstar will receive a minority share of the contract revenue.

Brooke Southall and Keith Girard contributed to the editing of this article.

Technology

Black Diamond

Morningstar

Morningstar Office

Hailin Li

Steve Leivent

Advyzon

Kartik Srinivasan

Chris Hastings

February 19, 2025 — 5:09 PM

Would love to have you mention Panoramix in your list of portfolio management systems that are offering deals to Office users. 25% off first year subscription!

Oisín Breen

February 19, 2025 — 5:52 PM

Done.

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Mentioned in this article:

Morningstar, Inc.
TAMP
Top Executive: Joe Mansueto

Advyzon
Portfolio Management System
Top Executive: Hailin Li