Morningstar Advisor Workstation vs. YCharts

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.

Incentivized

I use YCharts to perform my client reviews. It helps me demonstrate the performance and decision making process. It helps me show the deep dive of investment selection, and clients can see the thought process that goes into investment decision making.

Incentivized

• Amazing Comparisons
• Easy to read charts
• Diverse database

Incentivized

• Reporting
• Investment research
• Review capabilities with clients

Incentivized

• Ease of use
• Data sync
• Bond Database can be lacking

Incentivized

• Sandbox approach to models
• Branding
• Alacart reports

Incentivized

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

• Gets Clients to Move their money to us
• Let’s you track portfolio performance to a variety of benchmarks
• The historical data is great

Incentivized

• Shows the high caliber of research by my firm
• User interface is great
• Research is amazing

Incentivized