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 WealthTech company redefining the industry through data-led insights and automation. Its all-in-one platform empowers thousands of advisors to deliver faster, high-quality, and personalised advice by transforming complex, fragmented wealth data into actionable insights. Modular by design, clients can start with Flanks Aggregate to centralise financial data, then expand with Flanks Lume for deeper enrichment and analysis.
Founded in 2019 in Barcelona, Flanks was created by software engineers Joaquim de la Cruz and Sergi Lao, together with former Santander Private Banking Global Head Álvaro Morales. The company combines advanced technology with deep financial expertise to serve banks, family offices, pension providers, external asset managers and tech companies.
