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Envestnet MoneyGuide vs. FactSet Workstation

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Envestnet MoneyGuide
Score 6.7 out of 10
N/A
Designed for advisors with the client in mind, MoneyGuidePro® provides solutions and smart assumptions to help advisors navigate the complex financial elements of their clients' lives. The product is now supported by Envestnet (acquired in late 2019).N/A
FactSet Workstation
Score 8.5 out of 10
N/A
The FactSet Workstation is a dynamic platform designed to empower financial professionals with seamless data access, advanced analytics, and technology. Integrating over 800 data sources across asset classes and markets, it consolidates crucial insights and elevates decision-making. Its AI-powered tools include smart search and chat features. The workstation simplifies complex workflows, enabling users to uncover insights quickly and improve collaboration. From research and portfolio…N/A
Pricing
Envestnet MoneyGuideFactSet Workstation
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
Envestnet MoneyGuideFactSet Workstation
Free Trial
NoYes
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoYes
Entry-level Setup FeeNo setup feeRequired
Additional Details——
More Pricing Information
Community Pulse
Envestnet MoneyGuideFactSet Workstation
Features
Envestnet MoneyGuideFactSet Workstation
Financial Research
Comparison of Financial Research features of Product A and Product B
Envestnet MoneyGuide
-
Ratings
FactSet Workstation
6.8
12 Ratings
8% below category average
Private Company Data00 Ratings4.89 Ratings
Industry-Specific Information00 Ratings6.712 Ratings
Independent Research Access00 Ratings6.711 Ratings
M&A Analysis00 Ratings6.99 Ratings
Supply Chain Data00 Ratings6.87 Ratings
ESG Data00 Ratings6.68 Ratings
Macroeconomic News00 Ratings8.012 Ratings
Search Tools00 Ratings7.912 Ratings
Best Alternatives
Envestnet MoneyGuideFactSet Workstation
Small Businesses

No answers on this topic

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Medium-sized Companies

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S&P Capital IQ
S&P Capital IQ
Score 7.6 out of 10
Enterprises

No answers on this topic

S&P Capital IQ
S&P Capital IQ
Score 7.6 out of 10
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User Ratings
Envestnet MoneyGuideFactSet Workstation
Likelihood to Recommend
-
(0 ratings)
9.8
(15 ratings)
Likelihood to Renew
-
(0 ratings)
10.0
(2 ratings)
Usability
-
(0 ratings)
7.4
(12 ratings)
Support Rating
-
(0 ratings)
7.0
(1 ratings)
User Testimonials
Envestnet MoneyGuideFactSet Workstation
Likelihood to Recommend
Envestnet
No answers on this topic
FactSet
FactSet works for all my IR needs. I do not see a function for which I use it for that it would be less appropriate. I believe that the tool's efforts towards becoming more integrated with AI are strong and that in time the Mercury offering will be just as competitive as some of the other AI offerings out there today such as AlphaSense
Verified User
Anonymous
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Pros
Envestnet
No answers on this topic
FactSet
  • Easy/clear UI for navigation
  • Easily find and sort through financial filings to get to the data
  • Document search functionality seems to be improving consistently with more robust features
Verified User
Anonymous
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Cons
Envestnet
No answers on this topic
FactSet
  • The user interface on stock monitor needs work - sometimes I wish to clone the same fields to another tab/watchlist and it appears the best way to do so is recreate it form scratch
  • transcript to be more timely and more accurate
  • on the consensus financial forecast tab, have more segment breakouts like Visible Alpha
Verified User
Anonymous
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Likelihood to Renew
Envestnet
No answers on this topic
FactSet
We need the FactSet data and capabilities to complete 75% of the financial analyses that we complete for both internal and external purposes. It is invaluable and I am not aware of any other provider that would be able to fill this gap that FactSet does
Verified User
Anonymous
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Usability
Envestnet
No answers on this topic
FactSet
It does everything I need. It is pretty user friendly and easy to work with whatever technology interface I am using (desk top, notebook, tablet, or mobile phone). I am able to get work done whether I am in the office, at home, or traveling. The user up time is very good. They are rarely doing maintenance when I need to use the platform
JS
Joseph Sroka
Chief Investment Officer
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Support Rating
Envestnet
No answers on this topic
FactSet
I think the data delivery could be improved, but it's a good data set.
Verified User
Anonymous
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Alternatives Considered
Envestnet
No answers on this topic
FactSet
Product is magnitudes more affordable and provides 80% of the functionality that Bloomberg has and is working to build out the remaining. The workstation is more user friendly than bloomberg but still not perfect. Not as robust as a Bloomberg Terminal and doesn't have the chat/trading features.
JD
John DArco
Portfolio Manager
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Return on Investment
Envestnet
No answers on this topic
FactSet
  • hard to quantify, bc i havent brought any new business bc of it, so the ROI would be 0%. I use other systems for proposals.
  • However, I use it for everyday work and equity/fi analysis and portfolio construction research at ticker level, and that part works 100%.
Verified User
Anonymous
Read full review
ScreenShots

FactSet Workstation Screenshots

Screenshot of PM Hub, which simplifies portfolio management with tools for building, analyzing, and simulating trades for multi-asset class portfolios and exposures. Users can monitor positions in real time with customizable views, ensure compliance, and execute trades through its integration. Link IRN data to foster deeper collaboration between research analysts and portfolio managers.Screenshot of FactSet Internal Research Notes (IRN), which streamlines research with one connected platform. These can be used to organize, share, and analyze everything from market trends to individual securities. Its AI tools help to boost collaboration, enhance workflows, and drive smarter investment decisions.Screenshot of some of the available information which can used to analyze performance, risk, and attribution across multi-asset portfolios. This integrates portfolio, market, and proprietary data into a single platform to streamline workflows, adapt to market changes, and make confident decisions. From stress testing and scenario analysis to AI-driven insights, FactSet provides tools to strengthen portfolio resilience, uncover drivers of performance, and foster collaboration with customizable reports and data sharing.Screenshot of a display of all accounts in one personalized dashboard. Viewers can analyze top positions, spot trends with proprietary signals, and track market-moving events. Access summary stats like total market value and asset allocation across an entire book or by household and strategy.Screenshot of FactSet’s proprietary news, which delivers real-time, focused market insights across regions like the U.S., Canada, Europe, and Asia-Pacific. From stocks to sectors to broad markets, StreetAccount simplifies updates to cut through the clutter. This critical news is available anytime via the Workstation, web, email, app, or API.Screenshot of one of FactSet's unique datasets, Geographic Revenue (GeoRev), used to quickly understand a company's revenue exposure in countries impacted by geopolitical, macroeconomic, and market risk through a highly structured and normalized display of companies' revenues by geography.