Morningstar Office Reviews & Product Details

Morningstar Office Overview

What is Morningstar Office?

Morningstar Office is Morningstar's Web-based solution for financial advisors. It brings together the best of our capabilities in investment research, portfolio accounting, and client communications. Our portfolio management software connects our independent data and research to your tools so you can accomplish more. Review analyst research content curated for you, including research and investor-focused reports to support your best-interest recommendations.

Morningstar Office Details
Languages Supported
English
Product Description

Morningstar Office SMCloud, the new web-based platform for modern advisors.


Seller Details
Seller
Morningstar
Ownership
MORN
Company Website
Year Founded
1999
HQ Location
Chicago, IL
Total Revenue (USD mm)
$798
Twitter
@MorningstarInc
104,062 Twitter followers
LinkedIn® Page
www.linkedin.com
7,802 employees on LinkedIn®

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Morningstar Office Reviews

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Small-Business(50 or fewer emp.)
Validated Reviewer
Verified Current User
Review source: Invitation from G2
Business partner of the seller or seller's competitor, not included in G2 scores.
What do you like best?

Office Cloud is spine our association tasks we as a whole are utilizing this total arrangement there is a great deal work and accommodating highlights are available for our help, in our association generally the sum total of what arrangement has been as of now executed like Skype for business, Microsoft group, One Drive, Power BI, Office Cloud Is one of that application which is utilizing our whole association. Review collected by and hosted on G2.com.

What do you dislike?

There is next to no about Office Cloud I don't care for. Viewpoint could utilize a tasteful redesign as I would see it, however, that is a pretty minor problem for programming as ground-breaking as this. Review collected by and hosted on G2.com.

Recommendations to others considering the product:

Generally, this is fantastic programming that is certainly justified regardless of the yearly expense that Microsoft charges. I would strongly prescribe it to anybody searching for an Office set-up of programming, regardless of whether a little office or bigger association. Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

It gives us a typical language to utilize when working. It's quickly justifiable - and Teams has been a gift from heaven during the pandemic. Review collected by and hosted on G2.com.

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Small-Business(50 or fewer emp.)
Validated Reviewer
Verified Current User
Review source: Invitation from G2
Business partner of the seller or seller's competitor, not included in G2 scores.
What do you like best?

Office Cloud gives extraordinary incentive inside an organization, as a heap of as often as possible utilized applications that are fundamental to day by day business and creation undertakings. Review collected by and hosted on G2.com.

What do you dislike?

While generally the product functions admirably, the UI can be confounding or baffling on occasion. Windows and tooltips don't generally carry on as you would, and discovering highlights can demonstrate difficult enough that regularly you end up simply utilizing the hunt to discover them. Review collected by and hosted on G2.com.

Recommendations to others considering the product:

Simply incredible, I have attempted a few suites (open source and freeware) and the distinctions are humongous! I incline toward this suite overall options out there on the grounds that are sans bug, continually refreshed, and have everything of the element you may require to get an incredible and cleaned work. Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

The office cloud goes about as our portfolio bookkeeping programming and encourages us to monitor exchanges and arrangement of customers Review collected by and hosted on G2.com.

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Internal Wholesaler
Enterprise(> 1000 emp.)
Validated Reviewer
Verified Current User
Review source: Invitation from G2
What do you like best?

Easy way to get access to instant risk and return information Review collected by and hosted on G2.com.

What do you dislike?

Inability to change the class or series of the fund from the same fund page. You need to start a new search Review collected by and hosted on G2.com.

Recommendations to others considering the product:

It’s the most popular industry tool for fund comparisons and reviews and trusted by advisors and clients. Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

Access to third party information in an easy to use system. When sending this information to clients the Morningstar name is trusted as a third party to give the information credibility. Review collected by and hosted on G2.com.

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AF
Small-Business(50 or fewer emp.)
Validated Reviewer
Review source: Invitation from G2
What do you like best?

It's really easy to use. Inputting data in tales some time, but the reports are beautiful, and more importantly, helpful when meeting with clients. They're also very informative and easy to read. Most clients are able to answer their own questions about the activity of the investments in their accounts. Morningstar has essentially helped us build and maintain our business. Review collected by and hosted on G2.com.

What do you dislike?

Manually entering data isn't fun. I wish integration with Wealthscape becomes a reality. My coworkers and I have to manually enter the values of each investment from each of our clients' accounts into Morningstar and it takes. One of the assistants was assigned to get a few dozen reports done on the week of Christmas (which I had off) and I ended up staying up until 2 AM to do it before client meetings because he didn't get any of it done. It would have been easier if Morningstar was integrated with Wealthscape. Review collected by and hosted on G2.com.

Recommendations to others considering the product:

Please work on integration with Wealthscape, Paper Clip, etc. It would be so much easier to use if we didn't have to waste our time manually inputting data. Equitable (previously AXA) allowed us to input data straight from their website. Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

Morningstar provides easy-to-generate reports that clients love to receive. They help us acquire more accounts because of the trust it helps us build with clients when seamlessly displaying investment activity. Clients LOVE to receive the reports and end up asking tons of questions. This engagement cultivates our relationship with them and motivates them to open new accounts and invest more money into our firm Review collected by and hosted on G2.com.

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UF
Enterprise(> 1000 emp.)
Validated Reviewer
Review source: Invitation from G2
What do you like best?

Presentation studio

Database with qualitative reports written by Morningstar Analysis

Info on portfolio positioning Review collected by and hosted on G2.com.

What do you dislike?

Peer analysis is not quite accurate given that every share classes is put in the universe. This means that for some asset class only institutional share class get five stars. Dividing the universe for retail and institutional investors would be a massive improvement

Excel add-in is slow: it doesn't update data quickly

Creating portfolio accounts by inserting funds per quotes is difficult because of the limitation of only two decimals

Contribution analysis is quite complex to use, it needs a lot of elements to be set and not in an intuitive way, Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

Presentations are the best, if you are monitoring a fund and you have to do periodic presentations Morningstar can do a very good presentation and updates it quickly with most recent data Review collected by and hosted on G2.com.

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Small-Business(50 or fewer emp.)
Validated Reviewer
Verified Current User
Review source: Invitation from G2
What do you like best?

The presentation of chart data and comparison of funds is great Review collected by and hosted on G2.com.

What do you dislike?

The interface is slow and the desktop application needs improvement Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

I use it for fund analysis which helps in comparing various funds across geographies. I am able to showcase funds performance visually Review collected by and hosted on G2.com.

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Financial Planner
Small-Business(50 or fewer emp.)
Validated Reviewer
Review source: Invitation from G2
What do you like best?

This has great tools for analysis on portfolios. Review collected by and hosted on G2.com.

What do you dislike?

Sometimes can load slowly and can be a bit clunky Review collected by and hosted on G2.com.

Recommendations to others considering the product:

If you are in the investment management industry, this is a very helpful tool and platform to consider. Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

Helping with portfolio management and being able to analyze portfolios. It is a must easier process to do this. Review collected by and hosted on G2.com.

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Analyst
Small-Business(50 or fewer emp.)
Validated Reviewer
Review source: Invitation from G2
What do you like best?

Custom Portfolios with historical performance visuals Review collected by and hosted on G2.com.

What do you dislike?

What-If scenarios would be nice to have for portfolio projections, i.e. different economic scenarios Review collected by and hosted on G2.com.

Recommendations to others considering the product:

It worked well in tandem with our brokerage CRM Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

None as of now Review collected by and hosted on G2.com.

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UB
Small-Business(50 or fewer emp.)
Validated Reviewer
Review source: Invitation from G2
What do you like best?

I like that there is big data and long historical series Review collected by and hosted on G2.com.

What do you dislike?

I dislike to export data by writing manually Review collected by and hosted on G2.com.

Recommendations to others considering the product:

I won't know because I did use of the free versione that I don't think is the office one Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

I realize that there is a lot of data available. I had some experience before my current position Review collected by and hosted on G2.com.

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CF
Enterprise(> 1000 emp.)
Validated Reviewer
Review source: Invitation from G2
What do you like best?

Good stats, projection to let customers to have a big picture of the portfolio and the details regarding holdings in terms of risk and return. Review collected by and hosted on G2.com.

What do you dislike?

Need to take a bit time to customize and modify things. Review collected by and hosted on G2.com.

Recommendations to others considering the product:

A lot things worth to check. Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

Morningstar Office helps with more effective and efficient ways to analyze existing portfolio holdings while making proposals. Review collected by and hosted on G2.com.

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UF
Small-Business(50 or fewer emp.)
Validated Reviewer
Review source: Invitation from G2
What do you like best?

clear information display and want to learn more Review collected by and hosted on G2.com.

What do you dislike?

slow to integrate with other software

all is working well Review collected by and hosted on G2.com.

Recommendations to others considering the product:

definitely give it a try Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

no problems Review collected by and hosted on G2.com.

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Client Service Specialist
Financial Services
Small-Business(50 or fewer emp.)
Validated Reviewer
Verified Current User
Review source: Invitation from the seller
What do you like best?

We are very happy with Morningstar Office. It provides what seems like an unlimited amount of data with very robust reports. We're able to customize our own Quarterly Reports so it has our logo on it as well as the look and feel we were going for. We're also using the software in conjunction with TRX to help us with trading in our client's accounts. We've decided to use the Back Office Support (BOS) Team to do our reconciliation as well which has been a HUGE time saver for us! I also can't say enough great things about their customer support. They are great at handling tough problems that may arise and always follow up when needed. Review collected by and hosted on G2.com.

What do you dislike?

There are SO many reports and SO much data that it can be difficult to find exactly what you are looking for. I've had to call the support team on occasion just so they can point me in the right direction. There are also some reports that I would love to see customizable. The Billing Statement (Invoice) for example is a standard format that cannot be changed. Review collected by and hosted on G2.com.

Recommendations to others considering the product:

I would recommend going to lots of training sessions when they come to your area. Even if you think you are familiar enough with the product I've always found that we learn a few new things at the trainings. Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

Morningstar Office has allowed us to provide our clients with the data they want to see and how they would like it presented. Review collected by and hosted on G2.com.

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UF
Small-Business(50 or fewer emp.)
Validated Reviewer
Review source: Invitation from G2
What do you like best?

- Great for researching mutual funds, ETFs, stocks, and other types of securities

- Excellent comparison tools and charts

- Insightful opinions and analysis reports Review collected by and hosted on G2.com.

What do you dislike?

- Interface could be a little cleaner and more organized

- Proposals system could be improved Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

- Investment research to form our models or individual recommendation

- Comparison tools to compare current vs. proposed portfolios Review collected by and hosted on G2.com.

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UF
Small-Business(50 or fewer emp.)
Validated Reviewer
Review source: Invitation from G2
What do you like best?

Morningstar office has a very nice feature that allows reports to be designed. Review collected by and hosted on G2.com.

What do you dislike?

There are consistently errors with the reports generated by Morningstar office. Review collected by and hosted on G2.com.

Recommendations to others considering the product:

If you plan to grow to a large firm, this is not a great software. Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

Morningstar office acts as our portfolio accounting software and helps us keep track of transactions and portfolios of clients Review collected by and hosted on G2.com.

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