Morningstar Direct Advisory Suite (formerly Advisor Workstation) Reviews & Product Details

Like having the markets on opening page and being able to adjust what I see. Also having access to recent articles within morningstar. Would be nice if they were updated daily. Slightly confused on whether the goal is to completeky use the MDA versus AWS moving forward. Main need is for due diligence and KYP, but starting to get more familiar with creating clients and portfolios. The AI feature to submit current portfolio holdings from statements is neat but regularly freezes. Also a pain that you cannt adjust dollar value as the unit amounts are not always availble or the most recent information. More quick information on where this is going and its uses would be great. Review collected by and hosted on G2.com.

Not enough known as to what the main function is. Where to find everything. I have looked if due diligence reports are accessible on this page and have not come across it. It is slick but lots of time spent frozen when trying to adjust client portfolios Review collected by and hosted on G2.com.

I use Morningstar Direct Advisory Suite to advise a large client on their 401k menu, which is primarily mutual funds. I like the comprehensiveness of the data and Morningstar's analysis, including their gold and metal ratings that summarize risk and quality of a fund. It streamlines my report assembly since I sometimes need to compile reports from multiple sources and Morningstar has become a kind of legal in-source. Review collected by and hosted on G2.com.

I find the naming of Morningstar's products confusing. There's Morningstar Investor, Morningstar, Morningstar Advisor Workstation, and Morningstar Direct Advisory Suite, making it difficult to keep them straight. When talking to colleagues and clients, it gets jumbled up, and everyone, including me, finds it very confusing. I also wish Morningstar had more comprehensive information on variable annuities. While they have some data, it's not complete, and some annuity providers have told me that Morningstar doesn't provide a universal ID system like a ticker for stocks or funds. Additionally, when needing support, it's frustrating because you have to know exactly which product you're using. The support team is divided by product, and if you contact the wrong person, you get shuffled around or need to call back to a different number. Review collected by and hosted on G2.com.

As a wealth advisor, the feature I value most is the ability to combine robust investment research with portfolio construction and monitoring tools in a single platform. Morningstar Direct Advisory Suite allows me to analyze portfolios, compare investment options, conduct due diligence, and generate client-ready reports quickly. It improves efficiency while helping me deliver more informed and personalized advice. Review collected by and hosted on G2.com.

The platform is very powerful, but the user experience can be complex and not always intuitive. Some functions require several steps to complete, and performance can occasionally be slow when analyzing large amounts of data. Improved integrations and a more modern interface would make the experience even better. Review collected by and hosted on G2.com.

Portfolio analyses from smart data import are very useful. The results are presented clearly, making it easy for clients to understand. The action plan documents are also simple and easy to present to the client. Review collected by and hosted on G2.com.

Smart import does not work well with securities held in USD, even when the currency is clearly indicated on the investment statement. The action plan is not optimal when trying to consolidate multiple accounts, or when there are two different currencies in the same account. Review collected by and hosted on G2.com.

I like the growing integration of AI in Morningstar Direct Advisory Suite as it improves workflows by reducing the clicks necessary to complete tasks. I also appreciate the X-Ray reports because they provide a wide range of data points in a consolidated way. Review collected by and hosted on G2.com.

I think the interactive charting could be improved. It would be beneficial if it allowed for easy changes to the metrics being shown and the parameters of the chart(s), similar to what's offered by YCharts. There seem to be more features that are moved behind their MUCH more expensive flagship Direct pricing level every year. Review collected by and hosted on G2.com.

Better UI and moving in the right direction with customization of reports. AI Beta is also promising along with Intelligent Import.

Support is excellent from Elliot Review collected by and hosted on G2.com.

There remain too many minor missing pieces for Canadian accounts that impact quality of life and user satisfaction. This includes screening, report generation, list views, and some graph issues in Interactive Portfolio Analysis Review collected by and hosted on G2.com.

The ability to quickly compare multiple securities with custom data points and fulfill KYP obligations. The search function is simple but such an upgrade from Workstation that we easily take it for granted but it has made everything so smooth and I hope future AI assistant integrations continue in that same vein of centralizing how we can leverage the full solution. Review collected by and hosted on G2.com.

Im still having some issues with the pdf import feature in Canada or having to adjust the securities it logged because they are wrong. Review collected by and hosted on G2.com.

Loads of information, easy to navigate, nice visuals Review collected by and hosted on G2.com.

a bit slow when using the functions in the "clients & group" tab Review collected by and hosted on G2.com.

client friendly reports and robust portfolio analytics Review collected by and hosted on G2.com.

The navigation is complex and non-intuitive for new users Review collected by and hosted on G2.com.

I like the direct plug-in to Schwab API, which is very convenient. I also like the robust research and financial planning and modeling tools, as they are quite comprehensive. The initial setup of Morningstar Direct Advisory Suite was pretty easy, making my start with it smooth. Review collected by and hosted on G2.com.

Sometimes the software is very slow, which can make it take a while to work on my workflow when moving from one page to the next. Also, there are some bugs that have been unresolved. Review collected by and hosted on G2.com.