Envestnet Platform vs. Morningstar Direct

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Envestnet Platform
Score 7.5 out of 10
N/A
Envestnet headquartered in Chicago offers their investment portfolio management plaform and suite of applications.N/A
Morningstar Direct
Score 9.0 out of 10
N/A
Morningstar headquartered in Chicago offers Morningstar Direct, an investment portfolio managment application focusing on financial and risk analysis.N/A
Pricing
Envestnet PlatformMorningstar Direct
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
Envestnet PlatformMorningstar Direct
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
Community Pulse
Envestnet PlatformMorningstar Direct
Considered Both Products
Envestnet Platform
Chose Envestnet Platform
Envestnet’s platform is very clean and user friendly. They have continued to provide software and platform updates and are open to client feedback and critiques. The portfolio analysis tool is a lot cleaner and more professional compared to other tools like Morningstar Direct
Morningstar Direct

No answer on this topic

Top Pros

No answers on this topic

Top Cons
User Ratings
Envestnet PlatformMorningstar Direct
Likelihood to Recommend
8.0
(1 ratings)
9.0
(1 ratings)
User Testimonials
Envestnet PlatformMorningstar Direct
Likelihood to Recommend
Envestnet
It is very well suited for reviewing client proposals, model portfolios and analyzing underlying holdings within various funds and portfolios. Envestnet also creates very clean client reports that are easy to read and understand. We also like Envestnet's proposal tool and have used the various proposal functions and reports when pitching new business.
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Morningstar
Morningstar Direct is great for classifying funds in order of performance and has a huge database to check against. Pretty much every category you can imagine is covered. It is best for research and analyzing before making big decisions. The interface is fairly clean and relatively simple to use.
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Pros
Envestnet
  • Fund analytics.
  • Portfolio construction.
  • Sales and trading.
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Morningstar
  • Best for research.
  • Analyst reporting is fantastic.
  • The ability to look at a wide variety of assets is great.
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Cons
Envestnet
  • Online interface.
  • Slow load up times.
  • Clunky process of searching for funds.
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Morningstar
  • The system is sometimes slow.
  • Glitchy and sometimes hard to use.
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Alternatives Considered
Envestnet
Envestnet’s platform is very clean and user friendly. They have continued to provide software and platform updates and are open to client feedback and critiques. The portfolio analysis tool is a lot cleaner and more professional compared to other tools like Morningstar Direct and assetmark. Their fund universe is very extensive and with the additions of CITs we’ve been able to leverage the tool more effectively
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Morningstar
Morningstar is slightly more buggy and laggy. But includes far more data and is more trusted.
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Return on Investment
Envestnet
  • Increased revenue.
  • Increased client service metrics.
  • Better fund analysis approach.
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Morningstar
  • Returns not yet realised.
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