Student engagement is vital in business education. Trading labs are considered to add value to finance education. Many different simulation programs and analytical software available target different levels of student preparation. Efficient frontier is one of the major financial concepts in modern finance. Efficient frontier is a standard tool that most financial advisors use to suggest asset allocation to different clients. This paper discusses the use of Morningstar Direct for creating an efficient frontier on this platform in the senior level undergraduate advanced corporate finance course. Additionally, this paper brings out the use of different activities using Morningstar Direct to provide experiential learning of difficult financial concepts.