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.
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About Flanks
Flanks is a wealth management technology company (wealthtech) that is redefining the industry through automation and data-driven insights. Its modular and all-in-one solution empowers global financial institutions, including banks, family offices, asset managers, pension plan providers, and technology companies, to offer faster, higher-quality, and personalised advice by transforming complex and fragmented wealth data into valuable insights.
Flanks was founded in 2019 in Barcelona by Joaquim de la Cruz, Sergi Lao, and Álvaro Morales, former Global Head of Santander Private Banking. Currently, the company aggregates data from 600+ connections with global financial institutions and processes more than 500,000 portfolios per month in over 33 countries, managing assets worth more than €39 billion. For more information, visit flanks.io.
