SB
stanley b.
Associate Advisor/PM
Small-Business (50 or fewer emp.)
"Morningstar Work Station Review"
3.5/5
What do you like best about Morningstar Direct Advisory Suite (formerly Advisor Workstation)?

Morningstar Workstation works generally pretty well and does a great job of breaking down asset, sector, fixed income type, and other allocations. It has client-ready charts and graphs/pages that look great and are easy to explain to clients. Uploading portfolios can be a little bit of a pain and comparing portfolios versus models is not very intuitive. The interface can be tricky to learn, but once you do learn it, it is fairly efficient. Review collected by and hosted on G2.com.

What do you dislike about Morningstar Direct Advisory Suite (formerly Advisor Workstation)?

Upload and comparing portfolios can be a bit of a pain. pulling up portfolios as "models" side by side is the only way I have been able to do a direct comparison. It would be nice if we could do this under clients. It is quite confusing uploading portfolios from their spreadsheet (formatting matters, when there is an error it doesn't explain why). you do need a decent amount of institutional knowledge on how to use the program. Review collected by and hosted on G2.com.

Verified User in Financial Services
AF
Verified User in Financial Services
Small-Business (50 or fewer emp.)
"Comprehensive and Versatile Financial Software"
4/5
What do you like best about Morningstar Direct Advisory Suite (formerly Advisor Workstation)?

Morningstar Advisor Workstation is one of the most comprehensive financial analyzing tools I have used. It is a great tool for both experienced financial representatives and beginners. As a new user of this platform one of the most valuable features I have found is their webinars. The webinars are short, but always packed with beneficial information. Everytime I have watched one I have come away with something new to implement in my use of the platform. In addition to the webinars, their support team is excellent. Whenever I have run into an issue I have been able to contact a real person to help troubleshoot my problems and have had my issues solved within 24 hours. I would highly recommend using Morningstar Advisor Workstation! Review collected by and hosted on G2.com.

What do you dislike about Morningstar Direct Advisory Suite (formerly Advisor Workstation)?

If there was one thing I could change about Morningstar Advisor Workstation it would be the layout of the platform itself. When starting out the layout was not super intuitive and use-friendly. It takes some time to get your bearing with where everything is and how to use it. Review collected by and hosted on G2.com.

JS
Joan S.
Associate Financial Advisor
Enterprise (> 1000 emp.)
"Not as self explanatory as I would like"
3/5
What do you like best about Morningstar Direct Advisory Suite (formerly Advisor Workstation)?

Being able to search positions by ticker Review collected by and hosted on G2.com.

What do you dislike about Morningstar Direct Advisory Suite (formerly Advisor Workstation)?

Some of the details it asks for are difficult to understand for an entry level financial advisor Review collected by and hosted on G2.com.

Response from Storey Sheriff of Morningstar Direct Advisory...
Edit edit

Thank you for your feedback Joan. We strive for our products to be intuitive and user friendly so I will pass this feedback along to our Product team for improvements.

Verified User in Financial Services
UF
Verified User in Financial Services
Small-Business (50 or fewer emp.)
"Long time user of few specific capabilities"
5/5
What do you like best about Morningstar Direct Advisory Suite (formerly Advisor Workstation)?

Easy to find great information quickly on funds and ETFs specifically. Review collected by and hosted on G2.com.

What do you dislike about Morningstar Direct Advisory Suite (formerly Advisor Workstation)?

For what I use it for, I have no complaints. Review collected by and hosted on G2.com.

WP
William P.
Founder and Managing Principal
Small-Business (50 or fewer emp.)
"Powerful Data and Analytics; But Cumbersome User Experience"
2.5/5
What do you like best about Morningstar Direct Advisory Suite (formerly Advisor Workstation)?

Portolio Snapshots and Analytics; Detailed Stock, ETF and Mutual Fund Data Review collected by and hosted on G2.com.

What do you dislike about Morningstar Direct Advisory Suite (formerly Advisor Workstation)?

Hard to use; cumbersome to navigate, glitchy Review collected by and hosted on G2.com.

Response from Storey Sheriff of Morningstar Direct Advisory...
Edit edit

Thank you for your review, we understand your concerns about the user interface and we are excited to share that this is something we have updated within our new Direct Advisory Suite platform. Please reach out to your Customer Success Manager to learn more about how you can try the new interface.

Verified User in Financial Services
UF
Verified User in Financial Services
Small-Business (50 or fewer emp.)
"it's great!"
3.5/5
What do you like best about Morningstar Direct Advisory Suite (formerly Advisor Workstation)?

- in-depth reports

- Number of features that could benefit my business Review collected by and hosted on G2.com.

What do you dislike about Morningstar Direct Advisory Suite (formerly Advisor Workstation)?

- Customer support

- Workstation stability Review collected by and hosted on G2.com.

Michael T.
MT
Michael T.
Financial Advisor
Small-Business (50 or fewer emp.)
"Good product too many offerings"
4/5
What do you like best about Morningstar Direct Advisory Suite (formerly Advisor Workstation)?

Historical performance on portfolios, risk measurement, great research Review collected by and hosted on G2.com.

What do you dislike about Morningstar Direct Advisory Suite (formerly Advisor Workstation)?

does not track portfolio performance when buy or sales take place. Should come with stock research. Review collected by and hosted on G2.com.

DC
Darrah C.
Wealth & Retirement Investment Specialist
Mid-Market (51-1000 emp.)
"MorningStar Advisor Workstation is my go-to!"
4/5
What do you like best about Morningstar Direct Advisory Suite (formerly Advisor Workstation)?

MorningStar advisory workstation is all encompassing. I can find everything I need with just a few clicks. I don't have to go to other websites or tools to find the information I need. Review collected by and hosted on G2.com.

What do you dislike about Morningstar Direct Advisory Suite (formerly Advisor Workstation)?

It can be difficult to navigate, specifically the first few times you use it. Once you get the lay of the land, it is pretty user friendly. I joined a couple "Back to the Basics - MorningStar Advisor Workstation" webinars which really helped me understand how to use all the features. Review collected by and hosted on G2.com.

DK
David K.
Owner
Small-Business (50 or fewer emp.)
"Very pleased"
5/5
What do you like best about Morningstar Direct Advisory Suite (formerly Advisor Workstation)?

Efficiency. Rates of return. Client summary is fantastic. Review collected by and hosted on G2.com.

What do you dislike about Morningstar Direct Advisory Suite (formerly Advisor Workstation)?

I haven’t had any problems. It’s very easy to use. Review collected by and hosted on G2.com.

Verified User in Financial Services
UF
Verified User in Financial Services
Small-Business (50 or fewer emp.)
"Overall good experience - Lack of communication and no Albridge importing for over a month"
3.5/5
What do you like best about Morningstar Direct Advisory Suite (formerly Advisor Workstation)?

Easy to use and data integration. Program has all universes necessary to show proper information to client. Review collected by and hosted on G2.com.

What do you dislike about Morningstar Direct Advisory Suite (formerly Advisor Workstation)?

Poor communication when service is down. Albridge has been down for over a month with no end in sight. Review collected by and hosted on G2.com.