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Compare Backstop Solutions Suite and Morningstar Direct Advisory Suite (formerly Advisor Workstation) 
At a Glance
Market Segments
Small-Business (76.1% of reviews)
Small-Business (60.7% of reviews)
Entry-Level Pricing
Contact Us
No pricing available
Backstop Solutions Suite
Star Rating
(46)4.7 out of 5
Market Segments
Small-Business (76.1% of reviews)
Pros & Cons
Not enough data
Entry-Level Pricing
Contact Us
Browse all 5 pricing plansMorningstar Direct Advisory Suite (formerly Advisor Workstation)
Star Rating
(270)4.1 out of 5
Market Segments
Small-Business (60.7% of reviews)
Pros & Cons
Entry-Level Pricing
No pricing available
Learn more about Morningstar Direct Advisory Suite (formerly Advisor Workstation)Summary
AI Generated Summary
AI-generated. Powered by real user reviews.
- G2 reviewers report that Morningstar Direct Advisory Suite excels in overall user satisfaction, boasting a significantly higher G2 Score compared to Backstop Solutions Suite. Users appreciate features like the customizable report sections and the ability to import holdings, which streamline their investment processes.
- According to verified reviews, Morningstar Direct Advisory Suite has a robust number of recent reviews, indicating a strong and active user base. This contrasts with Backstop Solutions Suite, which has not received any recent reviews, raising questions about its current user engagement and support.
- Users say that Morningstar Direct Advisory Suite offers a more intuitive and sleek design, making it easier to navigate and access detailed information on individual securities. In comparison, while Backstop Solutions Suite is noted for its powerful capabilities, some users find it less user-friendly, particularly when it comes to day-to-day usability.
- Reviewers mention that Morningstar Direct Advisory Suite provides a wealth of in-depth information for researching products and equities, which is highly valued by users. On the other hand, Backstop Solutions Suite is praised for its ability to streamline information and automate email campaigns, but it may not offer the same depth of investment research tools.
- Users highlight that Morningstar Direct Advisory Suite has a more challenging setup process compared to Backstop Solutions Suite, which benefits from a smoother onboarding experience. However, the latter's overall support and administrative ease are rated higher, suggesting that while it may be easier to set up, it might not meet all user needs as effectively.
- According to recent feedback, both products have their strengths, but Morningstar Direct Advisory Suite's higher ratings in quality and satisfaction metrics indicate a more favorable user experience overall. Users appreciate its focus on investment portfolio management, while Backstop Solutions Suite is recognized for its comprehensive asset management features.
Pricing
Entry-Level Pricing
Backstop Solutions Suite
Portfolio Management
Contact Us
Backstop’s Portfolio Management
platform provides the ability to manage
multi-asset class investments, communications
and portfolio performance, and
conduct due diligence on existing and
potential managers.
- Access your data instantly, from anywhere, any time through a secure, reliable cloud-based platform.
- Increase your operational efficiencies through a centralized, comprehensive portfolio management system.
- Manage, view, and analyze the entire investment cycle, all in one place.
Morningstar Direct Advisory Suite (formerly Advisor Workstation)
No pricing availableFree Trial
Backstop Solutions Suite
No trial information availableMorningstar Direct Advisory Suite (formerly Advisor Workstation)
Free Trial is available
Ratings
Meets Requirements
9.1
32
8.1
227
Ease of Use
9.1
32
6.9
265
Ease of Setup
8.5
14
7.5
213
Ease of Admin
9.2
16
7.6
42
Quality of Support
9.1
32
7.2
196
Has the product been a good partner in doing business?
9.5
16
8.6
48
Product Direction (% positive)
9.2
29
7.1
227
Features by Category
Financial Information
Not enough data
7.8
131
Not enough data
Feature Not Available
Analysis
Feature Not Available
7.7
129
Not enough data
7.3
130
Feature Not Available
7.6
127
Not enough data
Feature Not Available
9.7
5
Feature Not Available
Market News
Feature Not Available
6.0
128
Feature Not Available
7.2
128
Feature Not Available
6.5
128
Platform Basics
Not enough data
5.5
127
Not enough data
6.0
127
Agentic AI - Financial Research
Not enough data
5.9
19
Functionality
9.0
12
7.4
168
Feature Not Available
7.6
168
9.0
7
Feature Not Available
6.9
6
5.9
164
Not enough data
6.4
165
Not enough data
6.7
163
Not enough data
7.4
140
Integration
7.9
7
6.9
163
Not enough data
5.7
162
Not enough data
6.7
162
Agentic AI - Investment Portfolio Management
Not enough data
6.1
34
Not enough data
5.6
33
Not enough data
5.6
33
Not enough data
5.5
34
Platform Additional Functionality
9.3
5
Not enough data
Feature Not Available
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Feature Not Available
Not enough data
Platform Content
Feature Not Available
Not enough data
Platform Data
8.8
7
Not enough data
Platform Interoperability
Not enough data
Not enough data
Platform Performance
Not enough data
Not enough data
Platform Basics
Feature Not Available
Not enough data
Not enough data
Not enough data
Portfolio Monitoring
Not enough data
Not enough data
Not enough data
Not enough data
Feature Not Available
Not enough data
Not enough data
Not enough data
Platform Content
Feature Not Available
Not enough data
Investment Operations Management
Not enough data
Not enough data
Feature Not Available
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Feature Not Available
Not enough data
Not enough data
Not enough data
Platform Data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Platform Additional Functionality
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Platform Additional Functionality
8.8
8
Not enough data
Feature Not Available
Not enough data
9.7
6
Not enough data
Platform Data
Not enough data
Not enough data
9.8
8
Not enough data
9.7
5
Not enough data
Platform Content
9.4
8
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
9.0
7
Not enough data
Sales Force Automation
9.7
6
Not enough data
Not enough data
Not enough data
8.5
8
Not enough data
Not enough data
Not enough data
Platform Analytics
Feature Not Available
Not enough data
8.9
11
Not enough data
8.7
10
Not enough data
Marketing Automation
9.1
9
Not enough data
Not enough data
Not enough data
8.3
7
Not enough data
Content
Not enough data
Not enough data
Platform Additional Functionality
Not enough data
Not enough data
8.1
9
Not enough data
9.3
9
Not enough data
7.9
8
Not enough data
Feature Not Available
Not enough data
Platform Reporting and Analytics
9.0
10
Not enough data
Feature Not Available
Not enough data
Customer Support
8.1
9
Not enough data
8.5
11
Not enough data
8.5
11
Not enough data
Feature Not Available
Not enough data
Marketing Automation
Not enough data
Not enough data
Not enough data
Not enough data
Feature Not Available
Not enough data
Sales Force Automation
7.7
5
Not enough data
Not enough data
Not enough data
Feature Not Available
Not enough data
Feature Not Available
Not enough data
Not enough data
Not enough data
Agentic AI - Financial Services CRM
Not enough data
Not enough data
Categories
Categories
Shared Categories
Backstop Solutions Suite and Morningstar Direct Advisory Suite (formerly Advisor Workstation) are categorized as Investment Portfolio Management and Financial Research
Unique Categories
Backstop Solutions Suite is categorized as Financial Services CRM, Investment Accounting, Investor Reporting, Investor Relationship Management, and Real Estate Investment Management
Morningstar Direct Advisory Suite (formerly Advisor Workstation) has no unique categories
Reviews
Reviewers' Company Size
Backstop Solutions Suite
Small-Business(50 or fewer emp.)
Mid-Market(51-1000 emp.)
Enterprise(> 1000 emp.)
Morningstar Direct Advisory Suite (formerly Advisor Workstation)
Small-Business(50 or fewer emp.)
Mid-Market(51-1000 emp.)
Enterprise(> 1000 emp.)
Small-Business
(50 or fewer emp.)
Mid-Market
(51-1000 emp.)
Enterprise
(> 1000 emp.)
Reviewers' Industry
Financial Services
41.3%
Investment Management
34.8%
Venture Capital & Private Equity
8.7%
Capital Markets
4.3%
Printing
2.2%
Other
8.7%
Financial Services
74.5%
Investment Management
15.0%
Banking
4.5%
Insurance
1.5%
Investment Banking
1.1%
Other
3.4%
Alternatives
Discussions
The relationship options should be streamlined; is that possible? It seems repetitive.
1 Comment
Official Response from Backstop Solutions Suite
That's an interesting idea, Tia! We're working with other clients on this very topic and will have your relationship manager, Hugh, reach out to you directly...Read more
Backstop Solutions Suite has no more discussions with answers
Morningstar Direct Advisory Suite (formerly Advisor Workstation) has no discussions with answers
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