Barcelona, July 2025 — Flanks, the leading modular all-in-one wealth management platform, is proud to announce it is enhancing its capabilities through the integration of data from Morningstar, a leading provider of independent investment insights. The integration strengthens the Flanks Lume module, the powerhouse of data transformation within the Flanks solution.
Powering smarter decisions with trusted data
For financial advisors, the quality of their insights is only as good as the data behind them. That’s why Flanks Lume goes beyond aggregation — it ensures data accuracy, consistency, and transparency through automated validation and enrichment workflows.
The integration of Morningstar data enhances multiple layers of the Flanks Lume module:
- Initial data validation, where Morningstar’s trusted market pricing acts as a benchmark for reconciling and validating investment records.
- Market data enhancement, delivering up-to-date pricing and classification to ensure consistent and accurate product valuations.
- Look-through analysis, into fund underlying holdings uncovering exposure across geographies, sectors, or currencies using granular underlying data
- Product name standardisation, improving data clarity and system integration through uniform naming conventions.
- Cost analysis, including Total Expense Ratios (TER), to provide full transparency on explicit and implicit portfolio fees.
Morningstar represents a standard of reliability and consistency in market data. Incorporating their information into our solutions reflects Flanks' commitment to providing advisors and institutions with the confidence that they are working with accurate, up-to-date, and high-quality data.” said Joaquim De La Cruz, CEO at Flanks.
A smarter middle office for modern advisors
With Morningstar’s data embedded into Flanks Boost, financial advisors benefit from cleaner portfolios, clearer reporting, and faster insights — all while reducing the operational overhead of data management.
About Flanks
Based in Barcelona, Spain, Flanks is revolutionising the wealth management industry by providing a simple and seamless approach to holistic wealth management. Our team comprises experts from both wealth management and technology backgrounds, enabling us to assist global financial players—including banks, family offices, pension plans, EAFIs and tech companies—in streamlining their wealth management processes.
About Flanks
Flanks is a WealthTech leader redefining the industry by giving wealth institutions direct access to a unified, institution-grade, compliant wealth data layer to harness AI at scale. Our AI wealth data infrastructure automates the aggregation and enrichment of complex portfolios across all asset classes — including alternatives — delivering a comprehensive 360° view and eliminating client friction and manual work through automation and AI.
Flanks empowers global financial institutions — including banks, family offices, asset managers, pension plan providers, and tech companies — to democratise sophisticated wealth management, scaling effortlessly to deliver smarter, more personalised advisory services to more people. As an AISP regulated by the Bank of Spain under the supervision of the European Central Bank, Flanks provides secure and compliant infrastructure.
Founded in 2019 in Barcelona by Joaquim de la Cruz, Sergi Lao and Álvaro Morales, former Global Head of Santander Private Banking. Flanks now processes over 8.2 million portfolios monthly across more than 33 countries, aggregating more than €43 billion in assets. For more information, visit flanks.io.
Related articles
.png)
.png)
