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Data Central vs. Morningstar Advisor Workstation

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    Overview
    ProductRatingMost Used ByProduct SummaryStarting Price

    Data Central

    Score8 out of 10
    N/AN/AN/A

    Morningstar Advisor Workstation

    Score8.8 out of 10
    N/AMorningstar headquartered in Chicago offers the Morningstar Advisor Workstation, an investment portfolio management application.N/A
    Pricing
    Data CentralMorningstar Advisor Workstation
    Editions & Modules
    No answers on this topic
    No answers on this topic
    Offerings
    Pricing Offerings
    Data CentralMorningstar Advisor Workstation
    Free Trial
    NoNo
    Free/Freemium Version
    NoNo
    Premium Consulting/Integration Services
    NoNo
    Entry-level Setup FeeNo setup feeNo setup fee
    Additional Details——
    More Pricing Information
    User Ratings
    Data CentralMorningstar Advisor Workstation
    Likelihood to Recommend
    8.0
    (1 ratings)
    9.0
    (3 ratings)
    Usability
    -
    (0 ratings)
    7.5
    (2 ratings)
    User Testimonials
    Data CentralMorningstar Advisor Workstation
    Likelihood to Recommend
    April Software
    Well suited: 1. We use Data Central to run queries & fetch data. 2. It's an amazing tools where we create multiple profiles with Query & then create multiple job id's for each profile. & then we run the query for the jobs. 3. Its so customizable as we can fetch the data through query for a particular, day, week, month, year. Least Suited: 1. Its very complicated for new users. 2. Data integration with multiple tables is a challenging during any launches. 3. Implementation is very time consuming since it involves large amount of data. 4. The output from the query is stored for maximum of 1 year & can't be retained for more than a year.
    Incentivized
    Read full review
    Morningstar
    The ease of use and vast field of data available helps one make informed decisions on what to keep and what to replace. The historical views allows one to view the trend and help decide if the holding should be kept, replaced or closely monitored. Data all in one easy to read place!
    Incentivized
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    Pros
    April Software
    • We use Data Central to run queries & fetch data.
    • It's an amazing tools where we create multiple profiles with Query & then create multiple job id's for each profile. & then we run the query for the jobs
    • Its so customizable as we can fetch the data through query for a particular, day, week, month, year.
    Incentivized
    Read full review
    Morningstar
    • Amazing Comparisons
    • Easy to read charts
    • Diverse database
    Incentivized
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    Cons
    April Software
    • Its very complicated for new users
    • Data integration with multiple tables is a challenging during any launches
    • Implementation is very time consuming since it involves large amount of data
    • The output from the query is stored for maximum of 1 year & can't be retained for more than a year
    Incentivized
    Read full review
    Morningstar
    • Pink sheet items
    • More sub-accounts for variable products
    • Automated comparisons
    Incentivized
    Read full review
    Usability
    April Software
    No answers on this topic
    Morningstar
    Lack of AI
    Read full review
    Alternatives Considered
    April Software
    Haven't tried any alternatives to Data Central as what we were looking for was very unique & customizable solutions. So, we went ahead with Data Central only. As we were able to scale our operations & appplications through it.We use Data Central to run queries & fetch data. It's so customizable as we can fetch the data through query for a particular, day, week, month, year.
    Incentivized
    Read full review
    Morningstar
    In terms of diversity, Morningstar is the best on the market. The way they display data, and since many financial institutions use this software, it is easy to show clients how their money is doing outside of our institution. Also allows us to show portentously clients in-depth comparisons of different investment strategies.
    Incentivized
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    Return on Investment
    April Software
    • We use Data Central to run queries & fetch data.
    • It's an amazing tools where we create multiple profiles with Query & then create multiple job id's for each profile. & then we run the query for the jobs
    • Its so customizable as we can fetch the data through query for a particular, day, week, month, year.
    • Data integration with multiple tables is a challenging during any launches
    • The output from the query is stored for maximum of 1 year & can't be retained for more than a year
    Incentivized
    Read full review
    Morningstar
    • Keep good holdings
    • Unload the losers
    • View potential replacements
    Incentivized
    Read full review
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