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Morningstar Advisor Workstation description
Morningstar Advisor Workstation is a software suite designed for financial advisors. It offers a range of tools to support investment research, financial planning, and client proposal creation. The platform aims to help advisors efficiently manage client portfolios, demonstrate their value proposition, and streamline their workflow to better serve their clients. Morningstar Advisor Workstation is particularly known for its in-depth investment research capabilities and its focus on helping advisors scale their services.
Who is Morningstar Advisor Workstation best for
Morningstar Advisor Workstation helps financial advisors scale services with in-depth investment research, client proposal creation, and portfolio management. Users praise its comprehensive data and portfolio tools but dislike the outdated interface, high cost, and poor customer support. Best for advisors prioritizing research over ease of use.
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Best fit for small businesses seeking to improve client services and streamline workflows.
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Ideal for financial advisors needing in-depth investment research and portfolio management tools.
Morningstar Advisor Workstation features
| Supported Advisor Workstation supports benchmarking against various indices, including custom ones. |
| Supported Morningstar Advisor Workstation tracks historical performance, returns, and key metrics. |
| Supported Advisor Workstation generates reports summarizing portfolio performance, risk, and other key metrics. |
| Supported Morningstar Advisor Workstation supports detailed holdings analysis, including viewing allocations and performance. |
| Supported Advisor Workstation supports risk analysis with tools to measure and visualize portfolio risk. |
We evaluate the sentiment that users express about non-functional aspects of the software
Value and Pricing Transparency
Customer Service
Ease of Use
Reliability and Performance
Ease of Implementation
Morningstar Advisor Workstation reviews
We've summarised 50 Morningstar Advisor Workstation reviews (Morningstar Advisor Workstation G2 reviews) and summarised the main points below.
- Comprehensive database of funds, stocks, and ETFs, facilitating in-depth comparison and analysis.
- Well-structured individual fund data sheets that are easy to understand.
- Useful hypothetical portfolio tools, including stock intersection and risk/reward scatterplots.
- Portfolio modeling and comparison features streamline the process of constructing client portfolios.
- Customizable reports are helpful in client presentations and communication.
- Difficult to contact customer support and account executives.
- Overwhelming number of disclosures, sometimes exceeding 50 pages for basic reports.
- Outdated and clunky user interface, making navigation and feature discovery challenging.
- Software experiences frequent crashes, errors, and performance issues impacting report generation and other tasks.
- High cost and subscription model with limited flexibility, particularly regarding access to different universes of data like ETFs and annuities.
Morningstar Advisor Workstation pricing
The commentary is based on 9 reviews from Morningstar Advisor Workstation G2 reviews.
No pricing information found.
Users sentiment
Morningstar Advisor Workstation alternatives
YChartsBetter ratings and customer support. Has more momentum based on employee growth. More user-friendly interface, easier integration with Excel, and customizable dashboards are praised by users. Lacks some integrations with trading platforms and international data coverage. Occasional data inaccuracies reported. More positive pricing sentiment.Read more
AumniBetter for venture capital and private equity firms needing automated reporting and portfolio management. Aumni has more momentum than Morningstar Advisor Workstation based on employee growth. Users highlight Aumni's superior customer support. Aumni is a Morningstar Advisor Workstation competitor designed for managing investments.Read more
S&P Capital IQ ProBetter for publicly traded company research. More focused on investment banking and corporate development.Read more
NMI MRMBetter for payment processors seeking to manage merchant relationships. Focuses on merchant onboarding, automated underwriting, and CRM tools.Read more
eMoneyBetter for financial planning and client engagement. Has stronger ratings on G2 and Glassdoor.Read more
AlphaSenseBetter for market research and competitive intelligence. Has strong AI-powered search and broader data coverage including private data. Growing faster than Morningstar Advisor Workstation. A good Morningstar Advisor Workstation competitor and alternative.Read more
Morningstar Advisor Workstation FAQ
What is Morningstar Advisor Workstation and what does Morningstar Advisor Workstation do?
Morningstar Advisor Workstation is a software suite for financial advisors, providing tools for investment research, financial planning, and client proposals. It helps advisors manage client portfolios, demonstrate value, and streamline workflows. It's known for in-depth research capabilities and focus on scaling services.
How does Morningstar Advisor Workstation integrate with other tools?
Morningstar Advisor Workstation offers integrations with other financial planning and portfolio management tools, though specific integrations are not detailed in the provided data. Contacting Morningstar directly can provide further insight into product integrations.
What the main competitors of Morningstar Advisor Workstation?
Top alternatives to Morningstar Advisor Workstation include YCharts, Morningstar Direct, and AlphaSense. These platforms offer similar functionalities such as portfolio analysis, market research, and investment research tools.
Is Morningstar Advisor Workstation legit?
Yes, Morningstar Advisor Workstation is a legitimate software suite offered by a reputable financial services company. It's known for its investment research capabilities and portfolio management tools. However, users have reported a clunky interface and expensive subscription costs.
How much does Morningstar Advisor Workstation cost?
I cannot find pricing information for Morningstar Advisor Workstation. Contact a Morningstar representative to discuss product pricing and determine if Advisor Workstation is worth it for your needs.
Is Morningstar Advisor Workstation customer service good?
Customer reviews on Morningstar Advisor Workstation's service are mixed. While some praise the knowledgeable and patient support staff, others express frustration with the difficulty of contacting customer support and the long wait times for issue resolution.
Reviewed by
Michal has worked at startups for many years and writes about topics relating to software selection and IT management. As a former consultant for Bain, a business advisory company, he also knows how to understand needs of any business and find solutions to its problems.
Tymon is a seasoned CTO who loves finding the perfect tools for any task. He recently headed up the tech department at Batmaid, a well-known Swiss company, where he managed about 60 software purchases, including CX, HR, Payroll, Marketing automation and various developer tools.