Product & Service Launches – 11/20/2025

Paychex Introduces AI-Driven Notifications for Financial Advisers

Paychex Inc. launched Participant Event Notifications, an AI-powered wealth management solution for financial advisers. This plan management tool leverages both payroll and plan level data to alert advisers through real-time notifications within the Paychex Flex Advisor Console when retirement plan participants reach key data milestones and have work or life events.

Advisers receive notifications when participants reach certain age or status thresholds, change retirement or employment status, or when a newly eligible employee has yet to enroll.

Paychex is the 401(k) recordkeeper for 124,000 plans, according to the announcement.

Carefull Provides Financial Protection Tools to Osaic’s Advisers Network

Osaic Inc. selected Carefull as its official financial safety partner, making Carefull’s fraud, scam and family financial protection tools available to Osaic’s entire adviser network.

Carefull’s tools include alerts, behavioral monitoring and collaborative family tools. Its LegacyKit and Trusted Contacts systems help advisers connect with heirs, deliver value beyond portfolio management and build long-term family continuity.

Morningstar Allows Microsoft AI Tools to Access Data

Morningstar Inc. launched integrations to enable licensed users and firms to access its data and research library from within Microsoft’s artificial intelligence tools. The financial services firm covers global open-end funds, exchange-traded funds and stocks alongside portfolio analytics, ratings, performance data and proprietary methodologies.

Microsoft Foundry can integrate Morningstar’s content into enterprise-scale AI applications. Microsoft Copilot Studio can build custom AI agents powered by Morningstar data and research for tailored workflows.

Microsoft 365 Copilot will soon be able to connect Morningstar directly into M365 Copilot to surface Morningstar insights through productivity tools like Microsoft Teams.

According to the announcement, Morningstar offers secure entitlement-based access to quality data and research within platforms already being used.

Milliman Builds ETFs to Meet Rising Health Care Costs

Milliman Inc. announced that Milliman Financial Risk Management will list two active exchange-traded funds to “meet the rising cost of U.S. health care,” according to the consulting and actuarial firm’s announcement.

The Milliman Healthcare Inflation Guard ETF and Milliman Healthcare Inflation Plus ETF are the first members of a distinct lineup of ETFs that will consist of an actively managed mix of health sector and related equities, U.S. Treasury bonds, Treasury inflation-protected securities, corporate bonds and alternatives.

The returns are intended to correlate with the health care costs of an average employee with an employer-provided health plan, according to the announcement.

The two ETFs will list in the first quarter of 2026.

T. Rowe Price Offers 4 New Active ETFs

• T. Rowe Price Short Municipal Income ETF, which invests primarily in short- and intermediate-term investment-grade municipal bonds;
• T. Rowe Price Long Municipal Income ETF, which invests primarily in longer-term, low- to upper-medium quality municipal bonds;
• T. Rowe Price High Income Municipal ETF; and
• T. Rowe Price Multi-Sector Income ETF, which spans multiple credit sectors, countries and currencies.

The new funds began trading on NASDAQ on Thursday. T. Rowe Price’s active ETF roster now consists of 28 offerings.