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Morningstar Advisor Workstation

Score8.8 out of 10

13 Reviews and Ratings

What is Morningstar Advisor Workstation?

Morningstar headquartered in Chicago offers the Morningstar Advisor Workstation, an investment portfolio management application.

Categories & Use Cases

Who Buys & Uses Morningstar Advisor Workstation

Morningstar Advisor Workstation Reviews

What users are saying about Morningstar Advisor Workstation.
View all Morningstar Advisor Workstation reviews

Morningstar and AI

David McLaughlin
President in Corporate at Nutfield Financial Services Ltd (1-10 employees)

Use Cases and Deployment Scope

We have used Morningstar Advisor Workstation for a number of years. It is very important in that it allows used to manage our clients investment portfolios. We also use it with new clients

Pros

  • New investment proposals
  • Research on improving portfolio risk return tradeoffs
  • Managing current client portfolios

Cons

  • Adding AI would greatly improve our productivity in using the product

Return on Investment

  • Although its tedious it provides the best current way to manage portfolios

Usability

Other Software Used

OMS Office Master System, Foxit PDF Editor

Great Product worth the investment

Incentivized
Verified User
Professional in Finance and Accounting (1-10 employees)

Use Cases and Deployment Scope

Love it! Helps me with the review and analysis of current and potential portfolio holdings. This tool allows me to view current and past data along with comparing it with the various holdings. The ability to analyze a variety of positions; ETF, Mutual Funds, Stocks, and sub-accounts has been invaluable in my work. The regular upgrades have been welcomed.

Pros

  • View dividend history
  • View the holding’s trend
  • Ability to compare
  • Price history
  • The “star rating” as a standard

Cons

  • Pink sheet items
  • More sub-accounts for variable products
  • Automated comparisons

Return on Investment

  • Keep good holdings
  • Unload the losers
  • View potential replacements

Usability

Alternatives Considered

Nitrogen Growth Platform

Other Software Used

Nitrogen Growth Platform, Orion Data Validation Tool, Cisco Hybrid Cloud Platform for Google Cloud

Morningstar is the Star Performer!

Incentivized
Verified User
Manager (5001-10,000 employees)

Use Cases and Deployment Scope

When we have new clients who either want to compare their portfolio with us over time, or are considering moving their investments over to us, Morningstar is amazing at showing how their money is doing, and how it’s doing better than their current risk tolerance, or how our investments are performing better. We also use this software to show clients who are nervous about investing, how their money could have performed if they had decided to invest, instead of keeping large amounts of money in cash.

Pros

  • Amazing Comparisons
  • Easy to read charts
  • Diverse database

Cons

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

Most Important Features

  • Charts
  • Comparisons
  • Portfolio Building

Return on Investment

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

Other Software Used

Salesforce Consumer Goods Cloud, Outlook4Gmail, Microsoft 365 Business Premium, Microsoft Access