As regular readers will know, over the last few weeks, we have been looking at some of the specialist financial planning tools. Our review of Morningstar gave us a different perspective as it was its depth rather than breadth that stood out.
Morningstar’s Adviser workstation is more narrowly focused in what it provides - it doesn’t cover the same breath of need areas other do. For example, it doesn’t do tax, or estate planning, nor does it cater for protection planning . What it does do is provide detailed investment planning – measuring risk tolerance, forecasting, asset allocation, portfolio construction and portfolio monitoring - and it does this extremely well. Morningstar is a sizable company and much bigger than the other companies we have reviewed. Founded in 1984 it was floated in 2005 and now boasts revenues in e...
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