Washington, D.C.-based HelloWallet, a subscription PFM service, recently announced it received $12 million in Series B funding from Morningstar and TD Fund.

The Washington Business Journal reports:

“The largest chunk of the new capital came from Chicago-based Morningstar Inc., which invested $6.75 million. District-based TD Fund put in $4 million, with some other existing and new investors filling out the Series B round.”

The startup plans to use the capital to expand its customer base and help its clients build savings.

To learn more about HelloWallet, watch its FinovateSpring 2011 demo.