Wealth Analytica runs on a live Morningstar data feed covering 350,000+ instruments — UK retail funds, OEICs, investment trusts, ETFs and single equities across 70 exchanges. Prices refresh intraday; fund-level analytics refresh end of day. Look-through holdings let the platform compute real asset allocation, not stated style boxes.
The data the platform consumes
Wealth Analytica is a Morningstar data partner. The integration is direct — we consume Morningstar's data feeds as a licensed institutional customer, not by scraping a retail product or reselling a third party's data. That means the asset coverage, the refresh cadence and the methodology are Morningstar's own, applied at our analytics engine without intermediate layers.
For a UK IFA firm that's a quietly important point. The fund analytics your paraplanner cites in a suitability report are sourced from the same primary data Morningstar publishes in its institutional products. There's no two-step game of telephone between the data origin and the recommendation.
What the feed covers
- UK retail funds and OEICs. The full UK universe a typical IFA portfolio touches — unit trusts, OEICs, including share class variants and platform-specific wrappers.
- Investment trusts. Closed-end investment companies on the London Stock Exchange with discount/premium data, NAV history and gearing metrics.
- ETFs. The UK and European ETF universe with full holdings data and tracking-error history.
- Single equities. Listed equities across 70 global exchanges — useful for the bespoke discretionary allocations some firms run, and for the look-through computation on funds that hold direct positions.
- Fund-of-funds look-through. Where a fund holds other funds, we decompose another level so the underlying positions are visible. The two-layer look-through covers most of the practical case.
- Morningstar Sustainalytics ESG. Carbon risk, ESG risk rating and the regulatory product-classification fields (SDR labels where applicable) sit on the same feed.
- Standard fund metadata. OCFs, KIID risk numbers, Morningstar Style Box, Morningstar Rating, sector and category data, performance time series.
Refresh cadence
Prices on listed instruments refresh intraday — typically every 15 minutes during market hours. Fund NAVs settle end of business and are available the next trading morning. Fund-level analytics (Morningstar Style Box, ESG ratings, OCFs) refresh on Morningstar's own publishing cadence, generally daily for the dynamic fields and monthly for the slower-moving ones. The methodology page documents the exact cadence per data class.
The practical effect: a proposal you generate at 2 PM on a Friday reflects Friday-morning prices. A backtest you run uses last night's settled NAVs. The "is this data current?" question stops being a question your paraplanner has to track on a side spreadsheet.
Which WA features consume the feed
Pretty much every analytical surface in the platform. Portfolio analysis runs allocation, performance, risk and attribution against the Morningstar universe. Proposal builder renders the charts and fund-level summaries at the moment of generation. Risk assessment uses Morningstar's fund-risk data to map portfolios against the firm's CIP bands. The ongoing-review workflow pulls fresh data into the year-2 Consumer Duty evidence pack.
Methodology and confidence flags
Where the data supports a clean computation, we show the number. Where it doesn't — a fund too new for a 36-month risk window, an exotic instrument outside the standard taxonomy — we show a confidence flag rather than extrapolating into a number that looks more solid than it is. The full methodology lives on the methodology page, including the time-weighting convention on returns, the rolling-window choice on risk, and the look-through limitations on certain fund-of-funds structures.
How this compares to a Morningstar Adviser Workstation seat
Morningstar Adviser Workstation is the company's own adviser-facing product. The data underneath both is the same. The difference is the layer on top — Wealth Analytica wraps the Morningstar feed with a lead-to-proposal pipeline, live Intelliflo sync, and a proposal builder; Adviser Workstation gives you a deeper standalone analytics interface but no integrated CRM, no proposal builder, no lead capture. We've written a full side-by-side comparison for firms weighing the two.
What it costs
The Morningstar feed is included in the £149.99 per user per month plan. There's no separate data-licensing fee, no per-query surcharge, no premium data tier. The full universe is available to every seat on day one.
Where this fits the pipeline
The Morningstar feed is the analytical substrate the rest of the platform runs on. Every number the client sees in a proposal — performance, allocation, cost, risk, ESG — comes from this feed, refreshed at the moment of generation, against the live Intelliflo holdings.
Run a real portfolio through the data engine
A trial seat, one of your real (anonymised) client portfolios, and the look-through analysis, ESG breakdown and risk metrics rendered live against the Morningstar feed inside the first call.
Last reviewed: 15 May 2026 · Author: Michael Fasosin · Editor: Anthony Marris · Morningstar is a trade mark of Morningstar, Inc.; Wealth Analytica is a licensed data partner. See our editorial policy for our sourcing and review standards.