Morningstar Advisor Workstation

4.0
(15)

Built for productivity, Morningstar® Advisor Workstationsupports advisors with the latest Morningstar investment data, tools, and reports to serve existing clients and generate new business. Seamless integration with popular advisor systems automatically brings in current client and account data for the clearest view of your book of business.

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Showing 15 Morningstar reviews
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Morningstar review by Sabah A.
Sabah A.
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Verified Current User
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"MorningStar - Review from a Sales Assistant "

What do you like best?

Options for running various reports. Customer service , representatives are well trained and you connect directly to the support team. Dealing with software companies and not having to go through robots is a HUGE advantage.

What do you dislike?

Groups already created , does not automatically update with changes to default settings

search capabilities for unknown securities / proxies

Annuity limitations

Coverpage design

update print, to read reports easier ( or add color)

provide a better table of contents

report software , is dated and can be updated to be more user friendly. but after a few month of trial and error you are able to learn the do/ donts, what to be careful of . and training others I am able to explain the glitches and shortcomings. but once you master it is fine

What business problems are you solving with the product? What benefits have you realized?

Morningstar has an abundance of information right in one place that you can use to research funds and stocks, that I am able to prove to FAs. Im new to the business and using Morningstar helps me self learn and research stock market ; equity, mutual fund, and ETF research, IRA, 401(k) and 529 plan research.

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Morningstar review by User in Financial Services
User in Financial Services
Validated Reviewer
Verified Current User
Review Source

"Morningstar Advisor Workstation"

What do you like best?

This platform can be as complex or simple as you want. From simply researching individual stocks and funds for ratings and performance to creating complex research lists, the functionality of this program compliments a broad array of experience. The ability to create your own filters to narrow down investments that fit your requirements is extremely helpful in a world of numerous options.

What do you dislike?

The ability for the program to show point-in-time returns is limited if not non-existent. Adding the capability to break down returns for an input date range would be very beneficial. The program also lacks the ability to track the returns of a given portfolio if you want to change it throughout the year. For example, if you update the allocations for a portfolio, it then shows you historical returns for the new allocations disregarding any previous allocations the portfolio had. If you could tell the program to keep one set of allocations for the first quarter and start tracking new allocations for the second on a go-forward basis this would be more representative of what happens in real life portfolios.

Recommendations to others considering the product

Don't be afraid to contact their customer service representatives. Every time I have had an issue or suggestion, they have been very quick to fix the problem or add me to an alert list when the situation has been resolved.

What business problems are you solving with the product? What benefits have you realized?

Workstation allows our group to do in depth research while also providing reports our clients can easily understand. It has the functionality to connect to our client's personal portfolios so we can generate historical and pro-forma analyses.

What Other Finance & Admin. solution do you use?

Thanks for letting us know!
Morningstar review by Administrator in Government Administration
Administrator in Government Administration
Validated Reviewer
Review Source

"Easy to Use, Excellent support, integration with our custodians"

What do you like best?

I really appreciate that I can call as often as needed if there's a reconciliation or import issue and even if the solution is super easy, they never make me feel like silly about the question. Their support staff are very knowledgeable and patient.

What do you dislike?

I don't like that things aren't very intuitive. If we want to run a report with some different features or options, we always have to call for help. While their staff are always friendly and helpful, it would be nice to be able to figure out how to do simple changes or modifications on our own.

What business problems are you solving with the product? What benefits have you realized?

Financial advising, planning, management. We have multiple custodians and import all of the positions and transactions data into one place for our clients.

Morningstar review by Rich J.
Rich J.
Validated Reviewer
Verified Current User
Review Source

"Valuable Resource"

What do you like best?

Full functionality allows users to research a wide variety of securities

What do you dislike?

cumbersome to use and especially to customize. No preferreds!

Recommendations to others considering the product

Make sure the securities you are interested in are covered.

What business problems are you solving with the product? What benefits have you realized?

Due Diligence. Provides a basis upon which to document recommendations.

Morningstar review by User in Financial Services
User in Financial Services
Validated Reviewer
Review Source

"easy to use platform for advisors"

What do you like best?

i like how easy and intuitive the information is to access- its extremely user friendly and i do not waste time searching for what i need. comparison between funds and using their quantitative data to compare is quite useful

What do you dislike?

i dislike that there are more qualititative aspects of funds/ ETFs that i would like to review, morningstar does a great job comparing quantitative but lacks some of the more in depth qualitative.

Recommendations to others considering the product

add more qualitative screens and information, the quantitative data is there but can be massaged more to show trends etc.

What business problems are you solving with the product? What benefits have you realized?

it allows us to spend less time researching the funds, because we can spend hours diving deep into what a fund does, management style etc.

Morningstar review by Erik S.
Erik S.
Validated Reviewer
Verified Current User
Review Source

"Useful Product"

What do you like best?

Great breadth of information, nice to have all available investments in one place

What do you dislike?

Fund category assignment and benchmarking at times do not align with the intention of the fund manager. Would be nice to be able to open dual screens to use hypotheticals and screening tools at the same time.

What business problems are you solving with the product? What benefits have you realized?

Fund selection and monitoring for our wealth management clients. Running hypothetical portfolios.

Morningstar review by User in Financial Services
User in Financial Services
Validated Reviewer
Verified Current User
Review Source

"Morningstar AWS"

What do you like best?

The ability to filter mutual funds and find the best ranked and compare funds.

What do you dislike?

Not being able to search for a fund with in a research list, it just takes you back to the mutual fund universe.

What business problems are you solving with the product? What benefits have you realized?

Using Morningstar AWS to compare funds, helping to prove I am doing what is in the client’s best interest.

Morningstar review by Administrator in Non-Profit Organization Management
Administrator in Non-Profit Organization Management
Validated Reviewer
Review Source

"Morning Star"

What do you like best?

The report output is very customizable, attractive, and easy to use as a learning tool with clients.

What do you dislike?

It's a rather outdated UI - it's hard to find anything and the differences between various options is not clear.

Recommendations to others considering the product

We considered upgrading to the full Morningstar Office, but while it was a nice upgraded UI, it just did more than we needed and didn't solve some of our key complaints. This Advisor Workstation fits the bill for us!

What business problems are you solving with the product? What benefits have you realized?

We are able to analyze a client's current portfolio being held elsewhere as a sales tool, and use this data to balance their portfolio in the most advantageous way possible.

Morningstar review by User in Financial Services
User in Financial Services
Validated Reviewer
Verified Current User
Review Source

"Morningstar Advisor Workstation for fund screening"

What do you like best?

Morningstar Advisor Workstation has an enormous database of mutual funds, ETFs and annuities, that is easily searched and filtered.

What do you dislike?

Focus in on actively managed products and active management in general - the data and graphics are to a large extent irrelevant to asset class oriented advisors.

What business problems are you solving with the product? What benefits have you realized?

The product helps us meet our fiduciary obligation in screening investment products for best in class offerings.

Morningstar review by User in Information Technology and Services
User in Information Technology and Services
Validated Reviewer
Review Source

"Outdated but useful"

What do you like best?

My favorite part of Morningstar is that I am able to export reports easily to Excel. For example, I am able to compare multiple mutual funds on their performance very easily and view them easily on Excel.

What do you dislike?

Nothing about the interface is intuitive. Very confusing where to find certain features, even for people who work with it constantly. In addition, it is extremely slow and it goes down constantly.

Recommendations to others considering the product

I recommend that you write down their support number somewhere because you'll be speaking with them constantly.

What business problems are you solving with the product? What benefits have you realized?

I am using Morningstar Advisor Workstation to view the performance of the funds my company's financial advising clients are in and view their allocation easily.

Morningstar review by User in Financial Services
User in Financial Services
Validated Reviewer
Review Source

"Great advisor platform with customizable settings"

What do you like best?

I can adapt the platform to my needs and customize the outputs.

What do you dislike?

I don't like the customer service. I find that if I have a problem, it takes a while to get to a person for a solution, although the online help references are good.

Recommendations to others considering the product

Do the free trial and get any questions answered by a support team member early in the process.

What business problems are you solving with the product? What benefits have you realized?

I am able to print high quality client reports that have been well received.

Morningstar review by Administrator in Financial Services
Administrator in Financial Services
Validated Reviewer
Review Source

"Morningstar Advisor Workstation"

What do you like best?

Morningstar is used widely throughout the financial industry as a leader in portfolio analytics.

What do you dislike?

Monringstar can be limited in the information that it produces depending on the level of your subscription.

Recommendations to others considering the product

Advisor Workstation is very valuable to anyone who needs portfolio analysis. It does not, however, provide accurate history if you actively trade portfolios.

What business problems are you solving with the product? What benefits have you realized?

We solve the need for accurate and reliable analysis of stocks, bonds, mutual funds, and ETF's.

Morningstar review by Administrator in Investment Management
Administrator in Investment Management
Validated Reviewer
Verified Current User
Review Source

"Morningstar, the premier fund holding provider"

What do you like best?

Responsiveness and 24/7 data availability.

What do you dislike?

Would like to see more Variable Annuities available for review.

What business problems are you solving with the product? What benefits have you realized?

Able to access detailed data on nearly any mutual fund, exchange traded fund, and bond fund, as well as many variable annuities.

Morningstar review by Administrator in Accounting
Administrator in Accounting
Validated Reviewer
Review Source

"User friendly, wealth of knowledge"

What do you like best?

The ease of use, the reporting features, investing advice, research at your fingertips

What do you dislike?

i have not come across anything particularly not useful or wanted

What business problems are you solving with the product? What benefits have you realized?

the ability to understand portfolio's, use their research to understand investments and help clients understand, as well as myself what the real numbers mean

Morningstar review by User in Financial Services
User in Financial Services
Validated Reviewer
Review Source

"Morningstar review"

What do you like best?

Access to any securities traded on the common exchanges

What do you dislike?

User interface could be updated a little

What business problems are you solving with the product? What benefits have you realized?

M.A.W. helps draw up hypothetical solutions for my clients and delivers very detailed, professional looking solutions.

Kate from G2 Crowd

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