A Morningstar panel also discussed the firm's concerns over the Labor Department's proposed rules on fiduciary exemptions, stressing the importance of clarity in SEC and DOL enforcement.

The future advisor gives up geography for market niches and focuses less on investment strategies in favor of better client outcomes, according to a panel at this year's virtual Morningstar Investment Conference.

At Morningstar's annual conference, Michael Jantzi detailed increasing interest about sustainable investing, as well as how COVID-19 inspired more interest rather than reducing it.

The financial services company has provided attendees an Oculus headset and related programming, an ambitious step.

Advisors need to pitch impact investing to their clients before other wealth managers do.

Asset management fees are falling, but the cost to investors remains 'stubbornly high,' said Morningstar CEO Kunal Kapoor at the opening of the research firm's annual investor conference in Chicago.

How technology will impact advice, Bogling and more.