Data Central vs. Morningstar Advisor Workstation

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Data Central
Score 8.0 out of 10
N/A
N/AN/A
Morningstar Advisor Workstation
Score 8.4 out of 10
N/A
Morningstar 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)
10.0
(1 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.
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Morningstar
If a client is shy about investing or wants portfolio comparisons, Morningstar really hits the mark. Being able to show real-time data is great for putting a client's mind at ease. The downside to this product is, that if a client isn’t as financially literate, it takes some explaining to show them what’s going on, and they can get lost in all of the data.
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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.
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Morningstar
  • Amazing Comparisons
  • Easy to read charts
  • Diverse database
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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
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Morningstar
  • Ease of use
  • Data sync
  • Bond Database can be lacking
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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.
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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.
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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
Read full review
Morningstar
  • Gets Clients to Move their money to us
  • Let’s you track portfolio performance to a variety of benchmarks
  • The historical data is great
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ScreenShots