Castle Rock Partners with Morningstar on Fee Data

August 1, 2011 ( – Castle Rock Innovations, LLC has contracted with Morningstar, Inc. for data to power its flagship AXIS Retirement Plan Analytic Platform (AXIS).

The servicing platform was designed to address the U.S. Department of Labor (DoL)-mandated 408 (b)(2) fee disclosure requirements. Morningstar’s Mutual Fund Fee and Performance Data will be integrated with the AXIS platform to support the fee disclosure reporting requirements for broker dealers, recordkeepers, RIAs, trust companies and banks.

“We selected Morningstar for many reasons, but primarily because of the comprehensiveness, accuracy, and timeliness of its data,” said Tom Loch, senior vice president of CRI, in a press release. “The combination of retirement plan details with mutual fund fee and performance data allows our AXIS platform to provide enterprise level compliant services, which can enable our clients to meet and exceed their fiduciary reporting requirements.”


-Sara Kelly