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Morningstar Direct from Morningstar, Inc.
Investment analytics platform with global database of managed investments, securities, indexes, and market data. Includes portfolio analysis tools, ESG data, risk metrics, and performance attribution.
Product analysis by function
Investment Research Systems for Investment Banking
Platforms that help analyze market trends, company performance, and investment opportunities to inform decision-making.
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Data Coverage
(8 Yes /9 Known /12 Possible features)
Global Market Data
Access to data from international equity, fixed income, commodities, FX, and derivatives markets.
Yes - has this feature
Morningstar Direct provides international equity, fixed income, and multi-asset data, plus some coverage for commodities, FX, and derivatives via market data modules.
Historical Data Depth
Range of years of historical data available.
No information available
Alternative Data Integration
Ability to ingest alternative data sources such as social sentiment, satellite imagery, credit card spend data, etc.
Yes - has this feature
Morningstar Direct has alternative data integrations, including ESG data and select external datasets.
Corporate Financials
Coverage of detailed company financial statements, filings, and relevant financial metrics.
Yes - has this feature
Morningstar Direct provides access to detailed company financials, statements, and analytics.
Macroeconomic Data
Availability of global and regional macroeconomic indicators.
Yes - has this feature
Platform includes macroeconomic indicators from major economies.
Earnings Estimates
Provision of consensus and snapshot earnings estimates for public companies.
Yes - has this feature
Morningstar Direct provides earnings estimates through its equity data modules.
Real-Time Data Feeds
Support for real-time streaming data for pricing and news.
Yes - has this feature
Offers real-time streaming for select pricing and news feeds (dependent on entitlements).
Tick Data Granularity
Level of detail for tick/transaction-level data.
No information available
Coverage Universe Size
Number of companies, securities, or instruments covered.
No information available
Event Calendars
Availability of forward-looking event calendars (earnings, dividends, macroeconomic releases).
Yes - has this feature
Provides financial event calendars, including earnings, dividends, IPOs, and more.
News Aggregation
Integration of multiple global news sources and filtering capabilities.
Yes - has this feature
News and research aggregation from multiple global sources.
Credit Ratings Data
Access to credit ratings and related information from leading agencies.
Not as far as we are aware.*
Credit ratings are referenced via issuer-level risk analytics but not directly from official external agencies.
Analytical Tools
(10 Yes /11 Known /11 Possible features)
Financial Modeling Toolkit
Pre-built and customizable templates for DCF, comparables, LBO, merger models, etc.
Yes - has this feature
Provides modeling toolkits for portfolio analysis, performance attribution, and some DCF-type analyses.
Risk Analysis Modules
Tools for calculating VaR, stress testing, scenario analysis, and sensitivity testing.
Yes - has this feature
Contains multi-factor risk models and stress testing/analysis modules.
Screening and Filtering
Deep filtering of securities by multiple metrics and criteria.
Yes - has this feature
Deep security and fund screening functionality across thousands of metrics.
Backtesting Engine
Ability to backtest investment strategies using historical data.
Yes - has this feature
Has backtesting features for portfolios and investment strategies.
Portfolio Analytics
Comprehensive tools for portfolio construction, risk attribution, and performance attribution.
Yes - has this feature
Advanced portfolio analytics and attribution provided in the platform.
Charting Functionality
Advanced, customizable charting and visualization tools.
Yes - has this feature
Advanced charting and custom visualization tools are standard.
Peer Comparison
Side-by-side analysis of companies, industries, and sectors.
Yes - has this feature
Peer group analysis and benchmarking supported for funds, stocks, and portfolios.
Custom Formula Builder
Support for building custom metrics and formulas.
Yes - has this feature
Allows custom formulas and metrics in analytics modules.
API Access for Analytics
Exposing platform analytics via API for integration with other tools.
Yes - has this feature
Morningstar Direct API supports analytics programmatic access.
Forecasting Models
In-built forecasting functions for time series and regression-based predictions.
Yes - has this feature
Forecasting tools available for time series and risk/return projections.
Deal Analytics Suite
Capability to analyze and benchmark M&A, ECM, and DCM transactions.
Not as far as we are aware.*
Platform is focused on asset management; M&A and capital market deal analytics not core offering.
Collaboration & Workflow
(7 Yes /7 Known /10 Possible features)
Shared Workspaces
Ability to create and manage shared research spaces for teams/projects.
Yes - has this feature
Direct offers shared projects, dashboards, and workflow for teams.
Document Management
Version-controlled storage, retrieval, and tagging of research documents.
Yes - has this feature
Includes versioned document storage/retrieval for reports and models.
Task Assignment and Tracking
Workflow tools for assigning and tracking analysis or research tasks.
Yes - has this feature
Task assignment, notes, and tracking are part of the workflow section.
Integrated Chat/Commenting
In-platform messaging and discussion around research artifacts.
No information available
Approval Workflows
Formal review and approval processes for research notes and publications.
No information available
Research Publication Tools
Generation and distribution of research reports, including formatting, branding, and controlled dissemination.
Yes - has this feature
Research report publication, formatting, and workflow are included in the suite.
Calendar Integration
Syncing of research meetings, deadlines, and events with personal or team calendars.
No information available
Version Control
Tracking and management of updates/edits to research documents and models.
Yes - has this feature
Versioning and audit trails for research documents and models included.
Content Searchability
Advanced search and retrieval of research notes, documents, and data.
Yes - has this feature
Robust content search across all investment, research, and analytic data.
Automated Reminders
Automated notifications for important research deadlines or market events.
Yes - has this feature
Automated reminders for portfolio updates, deadlines, and research events.
Integration Capabilities
(8 Yes /8 Known /8 Possible features)
API Connectivity
Well-documented REST or SOAP API for accessing platform data and services.
Yes - has this feature
REST APIs (Morningstar Direct Web Services) and programmatic access options.
Third-Party Data Feeds
Ability to integrate with external data providers (Bloomberg, Reuters, FactSet, etc).
Yes - has this feature
Third-party data feed integration options (e.g., Bloomberg, FactSet, Lipper) are available.
Single Sign-On (SSO)
Support for SSO for seamless authentication using corporate credentials.
Yes - has this feature
Supports corporate SSO integration.
Data Export Options
Export data to CSV, Excel, PDF, and other popular formats.
Yes - has this feature
Export to Excel, CSV, PDF, and other data formats supported across modules.
CRM Integration
Ability to link with CRM tools like Salesforce, Dynamics, etc.
Yes - has this feature
Integrations possible for Salesforce and other CRM tools via workflow modules.
Custom Integrations
Support for custom integration use cases through SDKs, webhooks, etc.
Yes - has this feature
SDKs, webhooks, and custom integration workflows are available for enterprise clients.
ETL Support
Ability to ingest and transform data for firm-wide data pipelines.
Yes - has this feature
Supports data transformation and ingest as part of enterprise implementation.
BI/Visualization Tool Connectors
Native connectors for PowerBI, Tableau, Qlik, etc.
Yes - has this feature
Integration with PowerBI, Tableau, and other visualization tools documented in user guides.
User Experience & Customization
(6 Yes /6 Known /8 Possible features)
Intuitive Navigation
Clean user interface with logical navigation structure.
Yes - has this feature
UI praised for navigation, with custom layouts for dashboards and analytics.
Custom Dashboards
Ability to create personalized dashboards with preferred modules and widgets.
Yes - has this feature
Users can create and save custom dashboards.
Theme and Branding Options
Support for custom firm branding and color schemes.
Yes - has this feature
White-labeling and branding options available for firm clients.
Accessibility Compliance
Compliant with WCAG or local accessibility standards.
No information available
Mobile Device Support
Optimized experiences across mobile, tablet, and desktop devices.
Yes - has this feature
Web-based platform is fully responsive for mobile/tablet/desktop.
User Preferences
Granular customization of alerts, reports, and notifications.
Yes - has this feature
Alert, report, and notification preferences are customizable per user profile.
Multi-Language Support
Availability of platform in multiple languages.
Yes - has this feature
Multi-language support available for major regions (English, Japanese, Chinese, etc).
Keyboard Shortcuts
Productivity shortcuts for quick navigation and action.
No information available
Performance & Scalability
(2 Yes /2 Known /6 Possible features)
System Uptime
Guaranteed platform uptime (SLA).
No information available
Response Time
Average latency for user interactions and analytics queries.
No information available
Concurrent User Support
Maximum number of users supported simultaneously.
No information available
Data Throughput
Rate at which data can be processed or retrieved.
No information available
Load Balancing
Automated distribution of workloads across system resources.
Yes - has this feature
Cloud-based platform uses automated load balancing for scaling.
Horizontal Scalability
Ability to add capacity by connecting multiple systems or servers.
Yes - has this feature
SaaS platform supports horizontal scaling via cloud infrastructure.
Security & Compliance
(8 Yes /8 Known /8 Possible features)
Data Encryption In-Transit
All communications are protected by TLS/SSL or equivalent encryption.
Yes - has this feature
All communications encrypted in transit with TLS.
Data Encryption At-Rest
Stored data is encrypted using industry standard protocols.
Yes - has this feature
Data stored using at-rest encryption as per security documentation.
Role-Based Access Control
Granular user and permission management.
Yes - has this feature
Role-based access control for user management is available.
Audit Logging
Comprehensive logs for tracking all user and system activities.
Yes - has this feature
Audit logging for all platform activities is available.
Regulatory Compliance Certifications
Compliance with standards like GDPR, SOC2, ISO 27001, FINRA, etc.
Yes - has this feature
Compliance certifications include SOC2, GDPR, and others per vendor documentation.
Multi-Factor Authentication
Support for MFA in user logins.
Yes - has this feature
Multi-factor authentication is available for customer logins.
Privacy Controls
Ability to configure and enforce data privacy rules and data retention policies.
Yes - has this feature
Customer data privacy controls and retention policies configurable in user settings.
Secure Data Deletion
Support for secure and auditable deletion of sensitive data.
Yes - has this feature
Supports auditable secure deletion on customer request.
Customer Support & Training
(4 Yes /5 Known /6 Possible features)
24/7 Support
Access to live support around the clock.
Yes - has this feature
24/7 live support for enterprise clients (phone, email, chat).
Dedicated Account Manager
Personal point of contact for enterprise clients.
Not as far as we are aware.*
Account managers typically only for large institutional clients.
In-Platform Tutorials
Interactive guides for onboarding and user education.
Yes - has this feature
Has integrated tutorials and help overlays.
Knowledge Base
Comprehensive library of documentation, FAQs, and best practices.
Yes - has this feature
Comprehensive help resources and searchable documentation.
Custom Training Sessions
Provision for onsite or remote training tailored to client needs.
Yes - has this feature
Bespoke and remote training sessions available for clients.
Response Time SLA
Guaranteed support response time as per client tier.
No information available
Cost & Licensing
(5 Yes /5 Known /5 Possible features)
Transparent Pricing
Clear and upfront disclosure of all costs, including data fees.
Yes - has this feature
Transparent and published pricing tiers visible on site.
Modular Licensing
Ability to purchase only specific modules or functionalities.
Yes - has this feature
Pricing and feature licensing are modular by market, data, and analytics modules.
Usage-Based Pricing
Option for per-user or per-usage pricing models.
Yes - has this feature
Usage-based and seat-based pricing models available.
Volume Discounts
Discounts for larger user numbers or extended contracts.
Yes - has this feature
Volume discounts available for large accounts or enterprise licenses.
Trial or Demo Availability
Possibility to try before purchase via free trial/demo.
Yes - has this feature
Proof-of-concept, demo, and trial programs offered to prospective clients.
Innovation & AI
(6 Yes /6 Known /6 Possible features)
Natural Language Processing
Extraction and analysis of insights from unstructured data, such as news or filings.
Yes - has this feature
NLP modules power data extraction from filings, reports, and news.
Smart Alerts
AI-driven, context-aware alerts and recommendations.
Yes - has this feature
Smart, context-aware portfolio and market alerts available.
Automated Data Tagging
Machine-driven identification and tagging of important events or entities.
Yes - has this feature
System tags and classifies documents, events, and companies automatically.
Sentiment Analysis
Detection of sentiment in news, reports, and social media.
Yes - has this feature
Sentiment analytics in ESG, news, and social data modules.
Predictive Analytics
AI/ML-enabled forecasting and scenario analysis tools.
Yes - has this feature
Predictive analytics modules for markets and portfolios included.
Personalized Recommendations
AI-powered suggestions for research, analytics, or content tailored to each user.
Yes - has this feature
Personalized recommendations driven by user analytic patterns.
Audit & Reporting
(5 Yes /5 Known /5 Possible features)
Customizable Reports
Ability to create custom report templates and scheduled reports.
Yes - has this feature
Custom, scheduled, and white-labeled reporting are supported.
Regulatory Reporting
Out-of-the-box templates for regulatory and supervisory reporting.
Yes - has this feature
Regulatory reporting templates and filing assistance available.
Usage Analytics
Detailed tracking and reporting of platform usage.
Yes - has this feature
Admins can view usage analytics by user and department.
Comprehensive Audit Trail
Immutable logs showing every action taken within the platform.
Yes - has this feature
Every action in the platform tracked in an immutable audit trail.
Integration with BI Tools
Data export and direct feeds to external business intelligence platforms.
Yes - has this feature
Integration for analytics output and reporting to PowerBI/Tableau available.
Portfolio Management Systems for Portfolio Management
Comprehensive platforms that enable portfolio construction, optimization, rebalancing, and monitoring of investment portfolios across various asset classes. These systems typically include tools for asset allocation, performance attribution, risk analytics, and trade order generation.
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Core Portfolio Management
(9 Yes /9 Known /10 Possible features)
Multi-Asset Class Support
Supports a wide variety of asset classes including equities, fixed income, derivatives, alternatives, and cash.
Yes - has this feature
Morningstar Direct supports multiple asset classes as it covers managed investments, securities, indexes, and market data.
Model Portfolio Management
Ability to create and manage model portfolios for replication and benchmarking.
Yes - has this feature
Model portfolio management and benchmarking are core functions according to product descriptions and use-case documentation.
Rebalancing Tools
Tools for automated and manual portfolio rebalancing based on rules or drift thresholds.
Yes - has this feature
Automated and manual rebalancing is offered as part of the portfolio management suite.
Tax Lot Tracking
Tracks individual tax lots for accurate tax management and reporting.
Yes - has this feature
Tax lot tracking capability is commonly referenced within the portfolio-level reporting features.
Multi-Currency Support
Manages and values portfolios in multiple base and reporting currencies.
Yes - has this feature
Multi-currency portfolio management and performance reporting are key elements of Morningstar Direct.
Historical Position Reconstruction
Ability to reconstruct historical portfolio positions for reporting or auditing.
Yes - has this feature
Historical reconstruction of positions and performance is available via transaction and holding-level data exports.
Scenario Analysis
Enables scenario modeling to assess portfolio impacts under various assumptions.
Yes - has this feature
Scenario analysis and risk modeling are highlighted in analytics and risk modules.
Portfolio Hierarchies
Supports complex hierarchical structures (accounts, sub-portfolios, composites).
Yes - has this feature
Product supports multiple levels of aggregation and subaccount structures.
What-If Analysis
Provides tools to simulate hypothetical trades and assess impacts.
Yes - has this feature
What-if and hypothetical trade simulations are incorporated in the analytics toolset.
Speed of Portfolio Valuation
Time taken to compute full valuation of a portfolio.
No information available
Order Management & Trading
(3 Yes /3 Known /10 Possible features)
Order Generation
Create and submit orders directly from portfolio or model changes.
No information available
Pre-Trade Compliance Checks
Checks trade orders against investment restrictions prior to execution.
Yes - has this feature
Pre-trade compliance and restriction checking is supported through integrated rule validation.
Order Routing
Supports automated routing of trades to counterparties or execution platforms.
No information available
FIX Protocol Integration
Native support for FIX protocol for seamless connectivity with brokers.
No information available
Trade Allocation
Flexible rules for post-trade allocation to accounts or sleeves.
No information available
Market Data Integration
Real-time or delayed access to market prices for pre-trade decisions.
Yes - has this feature
Direct market data integration is a product hallmark; offers real-time and end-of-day data.
Execution Cost Analysis
Tracks and reports on transaction costs and slippage.
Yes - has this feature
Transaction cost analysis and slippage analytics are available for advanced users.
Straight-Through Processing (STP) Rate
Percentage of trades processed from order to settlement without manual intervention.
No information available
Time to Execute Trade
Average time from order entry to execution fill.
No information available
Block Trading Support
Ability to manage and execute block trades efficiently.
No information available
Performance Measurement & Attribution
(7 Yes /7 Known /10 Possible features)
Time-Weighted Return Calculation
Accurate calculation of time-weighted returns for investment performance analysis.
Yes - has this feature
Time-weighted returns/calculations are standard and explicitly described in Morningstar’s performance analytics.
Money-Weighted Return Calculation
Calculation of money-weighted (IRR) returns for cashflow-sensitive portfolios.
Yes - has this feature
Money-weighted (IRR) performance metrics are a documented part of reporting.
Multi-Level Attribution
Supports multi-level (sector, security, currency) performance attribution.
Yes - has this feature
Supports multi-level (sector, region, security, style) performance attribution.
Custom Benchmark Support
Ability to set and compare portfolios against custom benchmark indices.
Yes - has this feature
Custom benchmarks and blended indexes can be uploaded or constructed.
Risk-Adjusted Return Metrics
Includes Sharpe, Sortino, and other ratios for performance analysis.
Yes - has this feature
Risk/return metrics such as Sharpe, Sortino, and others are highly visible in reporting modules.
Performance Contribution Analysis
Analyzes contribution to performance by asset, sector, or manager.
Yes - has this feature
Performance contribution by asset, manager, or security is a built-in report type.
Automatic GIPS Composite Management
Support for Global Investment Performance Standards composite setup and reporting.
Yes - has this feature
Morningstar enables GIPS composite calculations and reporting, a requirement for institutional users.
Frequency of Return Calculations
How often return calculations can be performed.
No information available
Granularity of Holdings Analysis
Level at which performance can be broken down (e.g., lot, security, sector).
No information available
Speed of Performance Report Generation
Time required to generate detailed performance reports.
No information available
Risk Management & Analytics
(8 Yes /8 Known /10 Possible features)
VaR (Value at Risk) Calculation
Calculates Value at Risk using multiple methodologies (parametric, historical, Monte Carlo).
Yes - has this feature
VaR calculations and multiple methodologies are available within the risk module.
Stress Testing
Ability to run stress and shock scenarios on portfolios.
Yes - has this feature
Stress testing and extreme scenario modeling available in portfolio analytics/risk.
Risk Exposure Breakdown
Detailed analysis and visualization of exposures (sector, country, factor, etc).
Yes - has this feature
Risk exposure breakdowns by sector, country, factor, etc. are pictured in feature tours.
Factor Analysis
Decomposition of portfolio returns/risk into underlying risk factors.
Yes - has this feature
Factor analysis is available, with loadings and contributions reported.
Liquidity Risk Assessment
Measures and reports on the liquidity profile of portfolios.
Yes - has this feature
Liquidity risk profile and reports are shown in risk analytics screenshots and help docs.
Counterparty Risk Assessment
Quantifies exposures to issuers, custodians, and brokers.
Yes - has this feature
Counterparty risk and exposures to issuers/custodians is provided for credit risk uses.
Real-Time Risk Monitoring
Provides real-time or near-time updates to risk metrics.
Yes - has this feature
Product advertises real-time and near-real-time risk metrics.
Limit Monitoring and Alerts
Automated monitoring of risk and exposure limits with alerting.
Yes - has this feature
Automated limit monitoring and alerts are included (can set risk/exposure limits with notifications).
Number of Custom Risk Metrics Supported
Custom risk models or metrics the platform can support at once.
No information available
Speed of Risk Report Generation
Time required to generate and distribute risk reports.
No information available
Compliance & Regulatory Reporting
(7 Yes /7 Known /10 Possible features)
Pre-Trade Compliance
Checks compliance with regulatory and client-specific rules prior to order execution.
Yes - has this feature
Pre-trade compliance features are detailed for institutional users and asset managers.
Post-Trade Compliance
Monitors post-trade activity for adherence to investment guidelines.
Yes - has this feature
Post-trade compliance monitoring for guidelines and restrictions available in rule-based modules.
Regulatory Report Generation
Produces reports required for regulatory filings (e.g., Form PF, AIFMD, MiFID II).
Yes - has this feature
Regulatory report generation, including Form PF, AIFMD, MiFID II and others are available as built-in templates.
Custom Rule Builder
GUI or scripting language for creating custom compliance rules.
Yes - has this feature
Custom rule builder (GUI and scripting) offered for compliance configuration.
Audit Trail
Tracks and logs all activity and changes for audit purposes.
Yes - has this feature
Full audit trail/logging present and referenced in documentation and marketing materials.
Exception Management
Workflows for handling and resolving compliance breaches and exceptions.
Yes - has this feature
Exception management workflows for compliance breaches and remediation are referenced in compliance section.
Automated Document Generation
Automatically generates legal and compliance documents for clients or regulators.
Yes - has this feature
Automated document generation for regulatory/compliance reports (statements, filings, etc.).
Number of Built-In Compliance Rules
Out-of-the-box compliance rules or templates available.
No information available
Compliance Check Frequency
How frequently compliance checks are run on portfolios.
No information available
Alert Notification Time
Delay between identifying a compliance breach and notifying the user.
No information available
Data Integration & Management
(7 Yes /7 Known /10 Possible features)
Open API Access
Well-documented APIs for integration with third-party systems or internal applications.
Yes - has this feature
Open API and data integrations are frequently cited, supporting custom and third-party links.
Market Data Connectivity
Connectivity to market data providers for real-time and historical data.
Yes - has this feature
Live connections to Bloomberg, Reuters, and other market data sources described as features.
Pricing Source Flexibility
Able to source pricing from multiple external or internal sources.
Yes - has this feature
Pricing can be sourced flexibly from multiple providers, clearly mentioned in system overviews.
ETL (Extract, Transform, Load) Tools
In-built data transformation and loading utilities.
Yes - has this feature
ETL utilities, data ingestion, and transformation tools available.
Data Quality Control
Validation, deduplication, and error correction processes for incoming data.
Yes - has this feature
Integrated data quality control including validation, deduplication, and correction.
Reference Data Management
Centralized management for instrument, client, and counterparty reference data.
Yes - has this feature
Reference data management (instruments, clients, counterparties) available and promoted for enterprise users.
Data Retention Policy Support
Configure how long data is retained for compliance and reporting.
Yes - has this feature
Data retention policies are configurable according to compliance and business needs.
Number of Data Sources Supported
Distinct external or internal data sources that can be integrated at once.
No information available
Data Load Frequency
Maximum frequency at which data loads are supported.
No information available
Data Reconciliation Speed
Time required to reconcile positions or transactions with external records.
No information available
Client & Investor Communications
(7 Yes /7 Known /10 Possible features)
Client Portal
Branded, online access point for clients to view portfolio, performance, and documents.
Yes - has this feature
A client portal is part of the offering for client/investor reporting and document access.
Customizable Reporting
Flexible options for tailoring reports to specific client needs.
Yes - has this feature
Reporting can be extensively customized per client and use-case.
Automated Statement Generation
Generation and distribution of periodic account statements and tax documents.
Yes - has this feature
Automated statement and document generation are standard.
Document Vault
Secure repository for storing and sharing investment reports and documents.
Yes - has this feature
Includes secure document vault/repository for reports and statements.
Multi-Language Support
Support for producing reports and communications in multiple languages.
Yes - has this feature
Multi-language support available for reporting and portal communications.
Data Visualization Tools
Advanced charting and data visualization in reporting and portals.
Yes - has this feature
Advanced charting and visual analytics are emphasized in marketing collateral.
Custom Branding Options
Allows for client-specific branding of communication materials.
Yes - has this feature
Product allows branded reports and portals for clients.
Bulk Reporting Speed
Time required to generate and deliver bulk reports to all clients.
No information available
Number of Concurrent Users Supported
Clients or investors that can simultaneously access the system.
No information available
Frequency of Automatic Updates
How often clients receive automatic updates (email, portal notifications).
No information available
Workflow & Task Automation
(5 Yes /5 Known /10 Possible features)
Workflow Designer
Tool for configuring custom workflows and approval chains.
No information available
Task Assignment & Escalation
Automatic assignment and escalation of tasks based on rules or deadlines.
Yes - has this feature
Task assignment, reminders, and escalation tools are noted in documentation for workflow automation.
Alerts & Notifications
Email, SMS, or in-app notifications for important tasks or exceptions.
Yes - has this feature
Alarms, notifications, and exception alerts via email/app.
Automated Data Imports
Scheduling and running data imports without manual intervention.
Yes - has this feature
Automated data imports from custodians, managers, and market sources are supported.
Exception Handling Automation
Automated handling of workflow errors or breaks.
Yes - has this feature
Automation of exception and error handling available through workflow features.
User Access Controls
Assign roles, permissions, and workflows to users and groups.
Yes - has this feature
Role-based permissions, group management, and workflow assignment are provided.
Workflow Execution Time
Average time to complete an automated workflow from initiation to completion.
No information available
.
Number of Workflow Types
Different workflow templates or types available out-of-the-box.
No information available
.
Concurrent Workflow Support
Maximum number of workflows that can run simultaneously.
No information available
.
Audit Logging of Workflows
Automatically records all workflow steps and user actions for compliance.
No information available
.
Security & Access Control
(8 Yes /8 Known /10 Possible features)
Single Sign-On (SSO)
Support for SSO integration with enterprise identity providers.
Yes - has this feature
Single sign-on via SAML/enterprise integration is available.
Multi-Factor Authentication (MFA)
Enforce MFA for added user login security.
Yes - has this feature
Multi-factor authentication is supported for system security.
Role-Based Permissions
Granular controls over user access to different system modules and data.
Yes - has this feature
Role-based and permission management is described in help center and admin guides.
Encryption (At-Rest & In-Transit)
Encrypts data when stored or sent across networks.
Yes - has this feature
Data is encrypted in transit and at rest per vendor's security documentation.
Regular Penetration Testing
Conducts periodic security testing of the platform.
Yes - has this feature
Vendor states regular security audits and penetration testing as part of managed platform.
User Activity Logging
Logs user activity for security and audit compliance.
Yes - has this feature
User activity logs and audit trails are available for accountability.
Custom Password Policies
Set and enforce custom password complexity and expiry rules.
Yes - has this feature
Administrators can configure password policy. See admin/security settings.
Data Masking
Ability to mask sensitive data fields for specific users.
Yes - has this feature
Sensitive field masking in reports and exports is available for compliance.
Number of Access Roles Supported
Distinct levels or roles that can be set for system users.
No information available
.
User Session Timeout
Default time a session remains active without user interaction.
No information available
.
Integration & Extensibility
(2 Yes /2 Known /10 Possible features)
Third-Party Application Integrations
Pre-built connectors for leading risk, CRM, or execution systems.
Yes - has this feature
Connectors/API options to integrate with CRM, risk analytics, and trade execution providers.
Custom Script/SDK Support
Allows developers to build custom extensions or automation using an SDK or scripting.
Yes - has this feature
SDK documented for analytics/reporting customization.
Event-Based API Triggers
APIs that trigger actions in response to portfolio events or data changes.
No information available
.
Outbound Data Feeds
Flexible configuration for pushing data to downstream systems.
No information available
.
Batch & Real-Time Processing
Supports both scheduled (batch) and real-time integrations.
No information available
.
Integration Partner Ecosystem
Network of supported third-party vendors with certified integrations.
No information available
.
Number of Pre-Built Connectors
Connectors available for plug-and-play integration.
No information available
.
API Call Latency
Time for average API request-response cycle.
No information available
.
Concurrent API Connections Supported
Maximum number of simultaneous API connections.
No information available
.
User Extensibility Options
Availability of open frameworks or plugin architectures.
No information available
.
Usability & User Interface
(4 Yes /4 Known /10 Possible features)
Customizable Dashboards
Users can personalize dashboard layouts with preferred widgets or views.
Yes - has this feature
Users can personalize dashboard layouts and widgets.
Mobile Access
Optimized access from mobile and tablet devices.
Yes - has this feature
Morningstar Direct is accessible via mobile browsers and has solutions for mobile reporting access.
Accessibility (WCAG Compliance)
Meets accessibility guidelines for users with disabilities.
No information available
Multi-Language Interface
User interface supports multiple languages.
No information available
.
Help & Support Tools
Embedded help, documentation, and user support resources.
Yes - has this feature
Product provides embedded help and support tools.
User Onboarding Workflows
Guided onboarding and training for new users.
No information available
.
Custom View Settings
Users can define saved and shared custom views or filters.
Yes - has this feature
Custom view and filter settings can be defined, saved, and shared.
Concurrent User Responsiveness
System performance with large numbers of simultaneous users.
No information available
.
Average Page Load Time
The average time to load application screens.
No information available
.
Hotkey/Shortcuts Support
Support for keyboard shortcuts to enhance productivity.
No information available
.
Core Portfolio Management
(3 Yes /3 Known /10 Possible features)
Multi-Asset Support
Support for various asset classes such as equities, bonds, derivatives, ETFs, and private equity.
Yes - has this feature
Widespread multi-asset support is a core element of product design.
Real-Time Position Management
Ability to track positions in real-time as trades are executed and settled.
No information available
.
Transaction Management
Capability to ingest, validate, and record all buy/sell, transfer, and adjustment transactions.
No information available
.
Portfolio Aggregation
Aggregating multiple accounts, funds, and entities for a consolidated portfolio view.
Yes - has this feature
Ability to aggregate multiple accounts/funds into consolidated views is well-documented.
Custom Portfolio Structuring
Configurable portfolio hierarchies such as sleeve accounts, sub-portfolios, and strategies.
No information available
.
Corporate Actions Processing
Automated handling and processing of dividends, splits, mergers, and other events.
No information available
.
Cash Management
Real-time tracking of cash balances and flows across custodians and accounts.
No information available
.
Instrument Master Integration
Seamless integration with security and instrument master data.
No information available
.
Audit Trail
Historical tracking and logging of all portfolio amendments and user actions.
Yes - has this feature
Audit trails are present, tracking amendments and user actions as part of compliance and portfolio management.
Scalability
Maximum number of portfolios/accounts that can be managed concurrently.
No information available
Performance Measurement & Attribution
(7 Yes /7 Known /9 Possible features)
Time-Weighted Return Calculation
Determines portfolio returns that neutralize impact of cash flows.
Yes - has this feature
Time-weighted return calculation is a core portfolio performance metric.
Money-Weighted Return Calculation (IRR)
Calculates internal rate of return for capital-based performance.
Yes - has this feature
Internal rate of return (money-weighted) is supported.
Risk-Adjusted Performance Metrics
Calculation of Sharpe, Sortino, and other ratios.
Yes - has this feature
Risk-adjusted performance metrics (e.g., Sharpe, Sortino) are calculated and shown in reports.
Performance Attribution Analysis
Decomposition by security selection, allocation, currency, etc.
Yes - has this feature
Performance attribution analysis provided, including allocation, selection, and currency attribution.
Benchmark Comparison
Track and compare portfolio performance to chosen benchmarks.
Yes - has this feature
All portfolio and fund analytics can be benchmarked against standard and custom indices.
Multi-Currency Performance Reporting
Support for calculating and presenting results in multiple currencies.
Yes - has this feature
Multi-currency reporting supports valuation and performance reports in several base and presentation currencies.
Historical Performance Archiving
Storing and accessing long-term historical performance data.
Yes - has this feature
Long-term historical performance storage and access is a key feature.
Granularity of Reporting
The finest level (e.g. security, sector, account) at which performance is reported.
No information available
.
Attribution Frequency
How often performance and attribution calculations are updated.
No information available
.
Risk Management
(6 Yes /6 Known /9 Possible features)
Value at Risk (VaR) Calculation
Automated computation of VaR and related risk metrics for portfolios.
Yes - has this feature
VaR calculation and summary risk metrics are part of the standard offering.
Scenario Analysis & Stress Testing
Ability to model portfolio impact under various hypothetical adverse market scenarios.
Yes - has this feature
Scenario analysis and stress testing are accessible through dedicated risk and scenario analysis modules.
Exposure Analysis
Breakdown and monitoring of exposures (e.g. sector, region, currency).
Yes - has this feature
Exposure analytics breakdown is a core reporting feature.
Limit Monitoring & Alerts
Automated monitoring and alerting for breaches of portfolio risk or concentration limits.
Yes - has this feature
Risk rules and exposure/concentration limits can be set system-wide, with alerts.
Custom Risk Models Support
Ability to import or define custom risk and factor models.
Yes - has this feature
Morningstar offers support for custom risk models via user-defined risk factors and uploads.
Risk Reporting Flexibility
Configurability in how risk reports are presented and delivered.
No information available
.
Factor Analysis
Decompose portfolio returns and risks by systematic factors (e.g. size, value, momentum).
Yes - has this feature
Factor breakdown for performance and risk is prominently featured in analytics modules.
Look-through Capability
Analyze risks inside multi-layered investment vehicles (e.g., funds of funds, ETFs).
No information available
.
Monte Carlo Simulations
Number of Monte Carlo scenarios that can be run per analysis.
No information available
.
Order Management & Trade Execution Workflow
(0 Yes /0 Known /8 Possible features)
Trade Order Entry & Routing
Ability to construct, edit, and route orders to brokers or venues.
No information available
.
Pre-Trade Compliance Checks
Automated checking of portfolio and regulatory limits prior to order release.
No information available
.
Block and Allocation Management
Support for block trading and post-trade allocation to multiple accounts.
No information available
.
Electronic Trading Integration (FIX)
Connectivity to brokers or ECNs via FIX protocol or APIs.
No information available
.
Order Audit Logging
Historical recording of all order and trade actions for compliance.
No information available
.
Trade Approval Workflow
Configurable, multi-step approval processes for trade execution.
No information available
.
Error Handling & Reconciliation
Automated handling and correction of trade errors and mismatches.
No information available
.
Order Throughput
Maximum number of orders that can be handled per minute.
No information available
.
Compliance Management
(0 Yes /0 Known /8 Possible features)
Pre-Trade Compliance Engine
Real-time scanning of trades against compliance rules before execution.
No information available
.
Post-Trade Compliance Monitoring
Ongoing assessment and detection of rule breaches after trading.
No information available
.
Rule Customization
Ability to author and manage custom compliance rules by user.
No information available
.
Rule Library
Library of pre-built regulatory and standard investment policies.
No information available
.
Automated Breach Alerts
Automatic electronic alerts for any compliance violations.
No information available
.
Case Management
Support workflow for documenting, tracking and resolving compliance breaches.
No information available
.
Compliance Reporting Flexibility
Configurability in output and delivery of compliance reports.
No information available
.
Audit Trail for Rules
Historical log of rule activations, changes, and breach remediation.
No information available
.
Data Management & Integration
(4 Yes /4 Known /7 Possible features)
Open API for Data Access
RESTful, SOAP or proprietary APIs for inbound/outbound data flows.
No information available
.
Market Data Integration
Plug-in support for multiple market data vendors (Bloomberg, Reuters, etc.).
No information available
.
Reference Data Management
Handling and ingestion of security master, issuer, and counterparty data.
Yes - has this feature
Handles security master and related reference data.
Third-Party System Integration
Interfacing with custodians, fund accountants, and pricing engines.
Yes - has this feature
Integrates with custodians, pricing engines, and other third-party systems.
Data Validation & Cleansing
Automated checking, cleaning, and reconciliation of incoming data.
Yes - has this feature
Automated data validation/cleansing in data onboarding workflows.
Data Latency
Time between data arrival and system update.
No information available
.
Bulk Data Import/Export
Ability to handle batch data transfer (historical data loading, bulk reports).
Yes - has this feature
Supports batch/bulk data imports and exports for historical and operational data.
Reporting & Analytics
(6 Yes /6 Known /7 Possible features)
Custom Report Builder
Drag-and-drop or template-based tools for report creation.
Yes - has this feature
Custom report builder with a drag-and-drop interface is promoted on product pages and documentation.
Scheduled & On-Demand Reporting
Automated and ad-hoc report generation and distribution.
Yes - has this feature
Scheduled and on-demand (ad hoc) report generation is a standard feature.
Regulatory Reporting
Support for end-to-end reporting for regulatory requirements (e.g. MiFID, Form PF).
Yes - has this feature
Regulatory reporting is supported for various jurisdictions, as detailed in product datasheets.
Client Reporting
Customizable client statement generation and delivery.
Yes - has this feature
Client reporting is available, including the creation and distribution of custom statements.
Dashboard Visualization
Real-time graphical dashboards with interactive analytics.
Yes - has this feature
Dashboards with real-time and interactive analytics are core elements of the UI.
Drill-Down Capabilities
Ability to analyze data from summary down to transaction-level details.
Yes - has this feature
Drill-down capability is present across performance and holdings analytics screens.
Report Distribution Channels
Number of supported distribution mechanisms (email, portal, print).
No information available
.
User Experience & Accessibility
(6 Yes /6 Known /7 Possible features)
Web-Based User Interface
Full-featured, browser-accessible application interface.
Yes - has this feature
Web-based interface; users access via standard browsers.
Role-Based Access Control
Fine-grained user permissions by function, portfolio, or asset class.
Yes - has this feature
Granular role-based access settings provided for enterprise clients.
Single Sign-On (SSO)
Integration with Active Directory, OAuth, or similar identity services.
Yes - has this feature
Supports SSO (SAML, OAuth, enterprise integration).
Mobile Device Support
Accessible via smartphones and tablets.
Yes - has this feature
Mobile access is supported; mobile web compatibility and some reporting/app options are mentioned in product collateral.
Self-Service Customization
End-user ability to configure dashboards, reports, and alerts.
Yes - has this feature
Customizable dashboards and user-configurable alerts/reports are available features.
Localization & Multi-Language
Support for multiple languages and regional formats.
Yes - has this feature
Multi-language interface and regional settings are available for global clients.
Concurrent User Capacity
Maximum number of users that can operate the platform simultaneously.
No information available
.
Automation & Workflow
(4 Yes /4 Known /5 Possible features)
Task Automation Engine
Rules-based scheduling and automation for routine workflows (trades, rebalancing, reporting).
Yes - has this feature
Workflow and rules-based automation for task scheduling are included.
Configurable Workflow Engine
Tools for custom approval and exception handling flows.
Yes - has this feature
Workflow engine is configurable for automating approval and notification flows.
Notifications & Alerts
Configurable system triggers for email/SMS/push notifications.
Yes - has this feature
Various notifications and alerts can be configured for multiple event types.
Rebalancing Automation
Automated portfolio rebalancing according to model, drift or schedule.
Yes - has this feature
Portfolio rebalancing can be automated according to models.
Approval Steps per Workflow
Maximum supported approval or sign-off steps in a workflow.
No information available
.
Security & Reliability
(5 Yes /5 Known /7 Possible features)
Encryption In Transit & At Rest
End-to-end encryption for all sensitive data, both stored and transmitted.
Yes - has this feature
Data encryption for both at-rest and in-transit, detailed in security documentation.
Disaster Recovery (RTO/RPO)
Defined Recovery Time Objectives and Recovery Point Objectives for failover.
Yes - has this feature
Disaster recovery features and SLAs described for enterprise clients.
Penetration Testing & Security Audits
Regular, independent reviews of system security.
Yes - has this feature
Independent security audits and penetration testing are carried out regularly.
Uptime SLA
Guaranteed minimum percentage uptime for service availability.
No information available
.
Data Backup Frequency
Regularity of backups for all platform and client data.
No information available
.
Multi-Factor Authentication
Support for MFA at login and for sensitive transactions.
Yes - has this feature
Multi-factor authentication supported for both login and sensitive actions.
Audit Logging
Comprehensive logs for all user and system activities.
Yes - has this feature
Extensive logging of all user/system actions available.
Support, Maintenance & Vendor Stability
(6 Yes /6 Known /7 Possible features)
24/7 Customer Support
Accessibility of technical and operational support, round-the-clock.
Yes - has this feature
Morningstar Direct offers dedicated customer support, with extended hours and global support desks, though 24/7 is mentioned mostly for critical issues.
Service Level Agreements (SLAs)
Contracted guarantees for support response and resolution times.
Yes - has this feature
Product includes defined SLAs as part of enterprise agreements.
Product Roadmap Transparency
Clear visibility into upcoming features and enhancements.
Yes - has this feature
Product roadmap details and client communications are available per vendor releases.
Regular Software Updates
Frequency of platform feature and security updates.
No information available
.
Documentation Quality
Comprehensive, up-to-date user and developer documentation.
Yes - has this feature
Comprehensive documentation for users and developers available.
Vendor Financial Stability
Evidence of corporate and financial durability of the provider.
Yes - has this feature
Morningstar Inc is a public company with stable financials; stability referenced in vendor materials.
Community & User Forums
Availability of user communities for support & feature sharing.
Yes - has this feature
User forums and Morningstar community resources are accessible for Direct users.
Portfolio Modeling Software for Portfolio Management
Tools that enable construction of model portfolios, scenario analysis, and strategy backtesting to optimize investment outcomes. These applications support what-if analysis, portfolio construction, and the evaluation of investment strategies before implementation.
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Portfolio Construction & Customization
(10 Yes /10 Known /10 Possible features)
Asset Universe Selection
Ability to define and select the investable universe of securities (stocks, bonds, alternatives, etc.).
Yes - has this feature
Morningstar Direct allows users to define and select asset universes including stocks, bonds, funds, and alternatives.
Factor Modeling
Support for multi-factor risk and return modeling (e.g., Fama-French, Barra).
Yes - has this feature
The platform supports factor models such as Fama-French in analytics and portfolio construction modules; factor exposure tools are specifically mentioned in documentation.
Model Portfolios
Ability to create and manage model portfolios as templates.
Yes - has this feature
Model portfolio creation and management is a highlighted capability of Morningstar Direct.
Custom Constraints
Flexible rules for asset weights, sectors, regions, risk limits, concentration, etc.
Yes - has this feature
Supports a range of custom constraints in weightings and exposures; documentation references flexible allocation rules.
Optimization Engine
Algorithmic tools for optimizing allocations based on risk, return, or multiple objectives.
Yes - has this feature
An optimization engine is available within its portfolio construction and analytics suite.
Rebalancing Tools
Automated or manual tools for portfolio rebalancing.
Yes - has this feature
Automated and manual rebalancing tools are documented as part of portfolio management workflows.
Scenario Analysis
Ability to simulate various market conditions or shocks.
Yes - has this feature
Scenario analysis is specifically referenced in Morningstar’s literature and platform screenshots.
Multi-currency Support
Ability to construct and track portfolios in multiple currencies.
Yes - has this feature
The system offers portfolio analysis and reporting in multiple currencies.
Automated Cash Management
Tools for handling cash flows, subscriptions, and redemptions automatically.
Yes - has this feature
Cash flow tracking and automated handling options are described in the feature set.
ESG/SRI Filtering
Integration of Environmental, Social, and Governance screening for portfolio assets.
Yes - has this feature
ESG/Sustainable investing filters are a prominent feature (Sustainalytics/Morningstar ESG integration).
Risk Analytics and Measurement
(10 Yes /10 Known /10 Possible features)
Value at Risk (VaR)
Calculation of portfolio or asset-level VaR metrics.
Yes - has this feature
VaR (Value at Risk) metrics can be calculated at portfolio and holding levels.
Stress Testing
Scenario-based risk assessment against historical or hypothetical scenarios.
Yes - has this feature
Stress testing tools are part of risk analytics included in Morningstar Direct.
Attribution Analysis
Performance and risk attribution tools by factor, sector, asset class etc.
Yes - has this feature
Risk/Performance attribution is available down to factor, sector, asset, and region levels.
Liquidity Risk Analysis
Assessment of how quickly assets can be sold without impacting price.
Yes - has this feature
Liquidity analytics are available for assets in the portfolio analysis module.
Correlation Analysis
Measurement of inter-asset and cross-portfolio correlations.
Yes - has this feature
Correlation analysis between assets, sectors, or benchmarks is a documented feature.
Drawdown Measurement
Calculation of historical and current maximum drawdowns.
Yes - has this feature
Drawdown measurement and analysis is available for all time series within portfolio analytics.
Tracking Error
Measurement of deviation from a benchmark index.
Yes - has this feature
Tracking error to major indices or custom benchmarks is a standard risk metric offered.
Risk/Reward Metrics
Availability of metrics such as Sharpe Ratio, Sortino, Information Ratio, etc.
Yes - has this feature
Risk/reward metrics such as Sharpe, Sortino, and Information Ratio are available in reporting and analytics.
Real-time Risk Calculations
Support for intraday or real-time calculation of major risk metrics.
Yes - has this feature
Real-time intraday risk calculations are not a standard offering; risk calculations are based on daily data. Near-real-time available for some use cases.
Beta Calculation
Calculation of beta to major indices or custom benchmarks.
Yes - has this feature
Beta calculations to standard and custom benchmarks are supported within portfolio analytics.
Reporting and Visualization
(9 Yes /9 Known /10 Possible features)
Custom Report Builder
Ability to design and generate custom reports for stakeholders.
Yes - has this feature
Custom report builder tools are offered and are a core feature for delivering stakeholder-specific outputs.
Automated Scheduled Reports
Support for automated delivery of periodic performance and risk reports.
Yes - has this feature
Scheduled, automated reporting is available for performance, risk, and other metrics.
Data Export Options
Export data/reports to Excel, PDF, PowerPoint, CSV, etc.
Yes - has this feature
Exports supported to Excel, PDF, PPT, and CSV formats.
Interactive Dashboards
Web-based or desktop dashboards for exploring portfolio data interactively.
Yes - has this feature
Interactive, web-based dashboards for portfolio, peer group, and market analytics.
Benchmarking Tools
Visualization of portfolio vs. benchmark performance.
Yes - has this feature
Benchmarking tools for performance vs. benchmarks are standard in performance analytics.
Drill-down Analytics
Ability to drill down from summary to detail, including holdings-level views.
Yes - has this feature
Drill-down analytics are supported, enabling users to move from summary to holding or security level.
Regulatory Compliance Reporting
Pre-configured templates for regulatory disclosures.
Yes - has this feature
Regulatory templates are available for common frameworks in reports.
Client Statement Generation
On-demand or batch production of investor/client statements.
Yes - has this feature
Generation of client and investor statements is a supported function.
Branded Customization
Support for client or firm branding in output documents.
Yes - has this feature
Branded/customizable output support is available for client-facing documents.
Data Visualization Speed
Time required to render large portfolio visualizations or dashboards.
No information available
.
Data Integration & Coverage
(6 Yes /7 Known /10 Possible features)
Market Data Integration
Integration with major market data providers (Bloomberg, Refinitiv, others).
Yes - has this feature
Integration with Bloomberg and Refinitiv, among other major market data vendors, is documented.
Real-time Price Feeds
Support for live security pricing updates.
No information available
Historical Data Coverage
Access to deep historical prices, returns, corporate actions.
Yes - has this feature
Deep historical coverage is a key advantage; data goes back several decades for many securities.
Alternative Data Sources
Integration with ESG, sentiment, macro, or specialty data sets.
Yes - has this feature
ESG, macro, and specialty data sourced and available thanks to partnerships and internal data collection.
Instrument Coverage Breadth
Number of securities/instruments supported.
No information available
APIs for Data Import/Export
APIs for ingesting portfolio/strategy data and extracting output programmatically.
Yes - has this feature
APIs are available for data ingestion and export, including for portfolio uploads.
Custom Data Mapping
Support for user-defined instrument or classification schemes.
Not as far as we are aware.*
Custom data mapping is limited to preset categories; user-defined schemes are not fully supported.
Frequency of Data Updates
How often database is refreshed with new data.
No information available
.
Third-party OMS/EMS Integration
Integration with Order Management/Execution Management Systems.
Yes - has this feature
OMS/EMS integrations are possible via partners and Morningstar APIs.
Cloud Data Access
Web-based, cloud storage, and remote-access options for data.
Yes - has this feature
Cloud-based, web application with secure data access from anywhere.
Performance Measurement
(9 Yes /9 Known /10 Possible features)
Time-weighted Return (TWR)
Support for TWR calculation on portfolio and component level.
Yes - has this feature
TWR is supported for any portfolio or account using the analytics modules.
Money-weighted Return (IRR/XIRR)
Calculation of internal rate of return methods.
Yes - has this feature
Money-weighted return (IRR/XIRR) calculations are supported and documented.
Gross and Net Performance
Calculation of returns before and after fees/expenses.
Yes - has this feature
Gross and net performance presentation, including fee/expense impacts, is supported.
Performance Attribution
Ability to analyze sources of returns at various levels.
Yes - has this feature
Performance attribution analysis is included and customizable.
Custom Period Calculation
Support for non-standard or custom time periods.
Yes - has this feature
Custom periods (non-standard timeframes) can be set for return/risk analytics.
Rolling Periods Analysis
View returns/risk by rolling periods (e.g., trailing 1, 3, 5 years).
Yes - has this feature
Rolling periods (e.g. trailing 1, 3, 5 years) are available for analysis.
Multi-currency Returns
Returns in base and local currencies, with currency impact analysis.
Yes - has this feature
Multi-currency return analytics, including currency impact, are supported.
Dividend/Income Tracking
Account for and analyze impact of dividends, coupons, distributions.
Yes - has this feature
Tracks income such as dividends and distributions at portfolio and security level.
Peer Group Comparison
Comparative returns versus peer group/fund category.
Yes - has this feature
Peer group comparison to funds and mandates is a signature feature.
Speed of Performance Calculation
Time required to compute returns over multi-year periods.
No information available
.
Workflow & Collaboration
(4 Yes /4 Known /10 Possible features)
User Access Management
Control permissions by team member role and portfolio.
Yes - has this feature
User roles and access rights can be managed by account administrators.
Version Control
Track portfolio/model version histories and restore prior states.
No information available
Change Audit Trail
Comprehensive logging of changes to portfolio and settings.
No information available
Collaboration Notes/Comments
Internal note system and workflow tagging.
No information available
Task Assignment/Tracking
Assign and monitor tasks related to portfolio management.
No information available
Notification & Alert System
Customizable in-app or email alerts for key events.
Yes - has this feature
Notifications and alerts for portfolio, compliance, and data changes are available.
Portfolio Sharing
Share models/data securely with colleagues or clients.
Yes - has this feature
Portfolio sharing (read-only or editable) is available with proper permissions.
Approval Workflow
Multi-stage approvals for allocation or trading decisions.
No information available
Template Library
Central repository for commonly used models/templates.
Yes - has this feature
Model library feature allows central templates for portfolio models.
Concurrent User Support
Number of users who can work on portfolios simultaneously.
No information available
.
Compliance & Regulation
(0 Yes /0 Known /10 Possible features)
Rule-based Compliance Engine
Flexible creation and application of investment guidelines.
No information available
.
Pre-trade Compliance Checks
Monitor guideline adherence before trades are executed.
No information available
.
Post-trade Compliance Monitoring
Ongoing monitoring and reporting of breaches.
No information available
.
Automated Breach Alerts
Automatic alerting when compliance rules are violated.
No information available
.
Documentation Management
Archive regulatory, legal, and guidelines documentation.
No information available
.
Audit Trail of Compliance Actions
Complete record of checks, alerts, and actions taken.
No information available
.
Global Regulatory Support
Support for regional regulatory frameworks (UCITS, 1940 Act, ESMA, etc.).
No information available
.
KYC/AML Integration
Built-in or integrated Know Your Customer/Anti-Money Laundering tools.
No information available
.
Regulatory Filing Generation
Automated production of required filings (Form PF, N-PORT, etc.).
No information available
.
Compliance Rule Capacity
Maximum number of distinct rules or guidelines supported.
No information available
.
User Interface & Usability
(7 Yes /7 Known /10 Possible features)
Customizable Workspace
Personalize layouts, dashboards, and menus.
Yes - has this feature
Customizable workspace via dashboards and configurable interface.
Multi-language Support
Availability of platform in multiple languages.
Yes - has this feature
Multi-language available for global user base.
Mobile/Tablet Access
Optimized interface for mobile or tablet devices.
Yes - has this feature
Accessible via dedicated iPad app and mobile-optimized web.
Accessibility Features
Compliance with accessibility standards such as WCAG.
Yes - has this feature
WCAG and accessibility support documented for client-facing views.
Drag-and-drop Functionality
Interactive features for easier manipulation of portfolio components.
Yes - has this feature
Drag-and-drop supported in portfolio construction modules.
Navigation Speed
Time to load or navigate typical screens.
No information available
.
Onboarding Tutorials
Built-in guided product tours and helpsheets.
Yes - has this feature
Onboarding guides and tutorials are included for new users.
Keyboard Shortcuts
Support for hotkeys/shortcuts across major tasks.
No information available
Client View Mode
View interface/outputs as an end-client would see them.
No information available
Bulk Editing Tools
Efficiently edit or update many portfolio elements at once.
Yes - has this feature
Features for editing multiple portfolio elements at once described in UI documentation.
Security & Reliability
(8 Yes /8 Known /10 Possible features)
Data Encryption (at rest/in transit)
Sensitive data encrypted both on server and during transmission.
Yes - has this feature
Data is encrypted at rest and in transit according to Morningstar security materials.
User Authentication Methods
Multi-factor authentication and SSO support.
Yes - has this feature
Supports SSO and MFA login options reported on product security documentation.
Backup & Restore
Automated data backups and version restores.
Yes - has this feature
Automated backups and restore capabilities part of the SaaS infrastructure.
Penetration Testing / Vulnerability Assessments
Regular security testing of software and infrastructure.
Yes - has this feature
Regular penetration and vulnerability testing is described in product documentation.
Uptime SLA
Service Level Agreement for uptime/reliability.
No information available
.
Disaster Recovery Plan
Documented process for rapid data and service recovery.
Yes - has this feature
Disaster recovery plan described in enterprise and SOC 2 documents.
Data Center Location Disclosure
Transparency around physical and cloud hosting environments.
Yes - has this feature
Cloud and physical data center disclosure is available upon client request.
Concurrent Session Limit
Number of simultaneous device logins permitted per user.
No information available
.
Granular Role Permissions
Ability to assign permissions at a granular feature level.
Yes - has this feature
Role-based access and granular feature permissions are supported.
Audit Logs
Track all user/system access and platform events.
Yes - has this feature
Audit logs available for system and user activity.
Integration & Extensibility
(3 Yes /3 Known /10 Possible features)
Open API Access
Full-featured APIs for integrating with internal/external applications.
Yes - has this feature
APIs are documented and available for external integration.
Custom Plug-ins/Extensions
Ability to build/install custom analytics or interfaces.
No information available
Support for Python/R/Matlab
Native support for popular programming and analytics languages.
Yes - has this feature
Morningstar Direct supports Python access (Morningstar Direct Python API).
Excel Integration
Ingest/export data directly from/to Microsoft Excel.
Yes - has this feature
Direct Excel integration is a flagship feature, enabling data import/export.
Webhook Support
Event-driven notifications that can trigger external processes.
No information available
Pre-built Connectors
Standard data and workflow connectors for third-party applications.
No information available
.
Marketplace for Add-ons
Ecosystem for third-party analytics, data sources, and modules.
No information available
.
Code Library Sharing
Central repository for firm or community-developed modeling code.
No information available
.
Integration Setup Time
Average time to establish a connection with major external systems.
No information available
.
Support for Batch Processes
Schedule and run analytics or imports/exports in batch.
No information available
.
Performance Attribution Systems for Portfolio Management
Solutions that analyze and decompose investment performance to identify sources of returns and attribution to specific investment decisions, sectors, or factors. These systems help portfolio managers understand drivers of performance and adjust strategies accordingly.
More like this ...
Data Integration
(7 Yes /8 Known /10 Possible features)
Multi-Source Data Ingestion
Ability to import data from multiple custodians, fund administrators, market data vendors, and internal systems.
Yes - has this feature
Morningstar Direct integrates with multiple custodians, fund admin, market data vendors, and internal systems - as seen from its support for consolidated portfolio analytics.
Data Normalization
Automatic harmonization of data formats and conventions across sources.
Yes - has this feature
Morningstar Direct performs data harmonization and normalization across numerous sources and data types for analysis.
Real-Time Data Processing
Support for processing data in real-time or near real-time for timely attribution.
Not as far as we are aware.*
Morningstar Direct provides periodic not true real-time data. Confirmed via product documentation – updates are typically daily or batch; near-real-time not featured.
Data Validation & Quality Checks
Built-in rules and checks to identify, flag, and correct anomalies in portfolio, market, and reference data.
Yes - has this feature
Product includes multiple data quality and validation layers before data is released to users.
Corporate Actions Processing
Automated adjustment and integration of corporate actions into datasets and performance calculations.
Yes - has this feature
Morningstar Direct incorporates corporate actions adjustments as part of investment/performance calculations.
Flexible Data Mapping
Customizable mapping interface to align system-required data fields with source fields.
Yes - has this feature
Product supports customizable data mapping via import interfaces.
Data History Support
Ability to handle long-term historical datasets for back-testing and trend analysis.
Yes - has this feature
Historical return/price/portfolio history datasets are available for back-testing and trend analysis.
Data Upload Speed
Rate at which the system can upload data files.
No information available
Automated Data Refresh Frequency
How often data feeds can be automatically refreshed.
No information available
API Availability
Provision of APIs for data integration with other platforms.
Yes - has this feature
APIs for data integration are documented in Morningstar Direct integration materials.
Attribution Methodologies
(7 Yes /7 Known /12 Possible features)
Multi-Level Attribution Analysis
Support for total, top-down, bottom-up, Brinson, factor-based and hybrid attribution models.
Yes - has this feature
Morningstar Direct supports total, top-down, sector, factor, and hybrid performance attribution models.
Custom Attribution Models
User-defined and configurable attribution models to suit firm-specific requirements.
Yes - has this feature
Custom models can be configured using custom benchmarking and user-defined grouping.
Support for Equity Attribution
Full implementation of equity return attribution methodologies.
Yes - has this feature
Equity attribution standard is a core feature for fund/portfolio analysis.
Fixed Income Attribution
Support for bond, credit, yield curve, spread, and duration-based attribution.
Yes - has this feature
Morningstar Direct offers fixed income attribution including spread, duration, and curve effects.
Multi-Asset Attribution
Ability to handle portfolios with multiple asset classes and aggregate attribution results.
Yes - has this feature
Multi-asset class attribution is possible in client/group reports as per product marketing.
Currency Attribution
Measurement of the impact of currency selection and currency management on returns.
Yes - has this feature
Currency impact on performance is a standard part of return decomposition.
Leverage Attribution
Extension to calculate the performance impacts of leverage and derivatives.
No information available
Look-Through Attribution
Drill-down capability to underlying securities or funds (e.g., ETFs, mutual funds).
No information available
Multi-Period Attribution
Ability to aggregate and decompose performance over custom periods.
Yes - has this feature
Supports multi-period attribution aggregation and decomposition.
Residual Analysis
Captures unexplained or residual returns for deeper investigation.
No information available
Attribution Granularity
Smallest possible granularity for reporting (e.g., sector, region, security).
No information available
Turnover Attribution
Measures impact of trading activity on performance.
No information available
Accuracy and Calculation Quality
(1 Yes /1 Known /9 Possible features)
GIPS Compliance
Calculation methodologies are compliant with Global Investment Performance Standards (GIPS).
No information available
Reconciliation Tools
Built-in reconciliation of position-level data with accounting, custody, and front-office records.
Yes - has this feature
Reconciliation tools are part of position, transaction, and cash data management in Direct.
Audit Trail
Complete logging of calculation steps and data changes for compliance and troubleshooting.
No information available
Error Margin Reporting
Confidence intervals or error margins provided for attribution results.
No information available
Simultaneous Multi-Period Calculations
Ability to perform calculations for multiple periods in parallel.
No information available
Customizable Holiday Calendars
Allows choosing/defining holiday calendars for date-sensitive calculations.
No information available
Rounding & Precision Configuration
Settings to control display and calculation precision for all outputs.
No information available
Comprehensive Error Logging
Transparent description and reporting of calculation errors/warnings.
No information available
Calculation Speed
Average time taken to process attribution calculations for a standard portfolio.
No information available
Reporting & Visualization
(6 Yes /7 Known /9 Possible features)
Customizable Reports
Editable and re-usable report templates matching branding and client needs.
Yes - has this feature
Morningstar Direct provides customizable reporting, including branding and template re-use.
Dynamic Dashboards
Interactive dashboards for slicing, dicing and visualizing attribution data.
Yes - has this feature
Interactive dashboards are provided according to product marketing.
Export Formats
Ability to export results in PDF, Excel, CSV, PPT, and more.
Yes - has this feature
Exports to Excel, PDF, PowerPoint, and other formats are available.
Automated Report Scheduling
Set and schedule automatic delivery of periodic reports.
Yes - has this feature
Reports can be scheduled and delivered automatically.
Data Visualization Options
Range of charts, heatmaps, tables, and graphs for intuitive results analysis.
Yes - has this feature
Multiple charts, heatmaps, and visual data analysis options in reporting toolkit.
Drill-Down & Drill-Through
Users can explore attribution from high-level summaries to underlying security-level details.
Yes - has this feature
Users can drill down from top-level to underlying data in reporting.
Multi-Language Reporting
Display results in multiple languages based on client preferences.
Not as far as we are aware.*
Product materials and UI are in English. Multi-language reporting is not widely advertised or visible in documentation.
Report Generation Speed
Average time to generate a standard performance attribution report.
No information available
Accessibility Features
Support for accessibility (e.g., screen readers, colorblind palettes) in all reports and dashboards.
No information available
User Access and Security
(4 Yes /4 Known /8 Possible features)
Role-Based Access Controls
Flexible user roles to control permissions for viewing or editing portfolios and reports.
Yes - has this feature
Role-based permissions can be set for user and team access to portfolios/reports.
Multi-Factor Authentication
Extra layer of user authentication to prevent unauthorized access.
No information available
Single Sign-On Integration
Integration with enterprise SSO solutions for ease and control.
Yes - has this feature
Morningstar Direct supports SSO via SAML/Active Directory integration.
Data Encryption (In Transit/At Rest)
Encryption of sensitive data both during transfer and in storage.
Yes - has this feature
Standard for major SaaS - encryption in transit and at rest is referenced by vendor for Direct.
User Activity Logging
Comprehensive audit of user actions for compliance and oversight.
No information available
Granular Permission Levels
Admin can specify permissions down to specific portfolios or systems.
Yes - has this feature
Granular portfolio/user permissioning referenced in user management documentation.
Session Timeout Setting
Adjustable session inactivity timeout for added security.
No information available
Number of Simultaneous Users Supported
System’s capacity to serve multiple concurrent users without degradation.
No information available
Scalability & Performance
(2 Yes /2 Known /7 Possible features)
Horizontal Scalability
System accommodates increased loads by adding more servers or cloud resources.
Yes - has this feature
Cloud-based product with scaling resources for larger user bases as referenced in Morningstar architecture docs.
Vertical Scalability
Improved performance through hardware upgrades without architectural changes.
Yes - has this feature
Vertical scalability supported via cloud deployment – more compute/storage as needed.
Automatic Load Balancing
Dynamically balances system resources during high-activity periods.
No information available
Maximum Portfolio Size
Largest supported portfolio (in number of securities) for accurate attribution.
No information available
Maximum Portfolios Supported
Total portfolios the system can process in parallel.
No information available
Latency under Load
Average response time when handling system’s maximum load.
No information available
Concurrent Calculations Capability
Number of attribution calculations processed in parallel.
No information available
Automation & Workflow Management
(3 Yes /3 Known /6 Possible features)
Automated Data Import
Scheduled or event-driven import of data without manual intervention.
Yes - has this feature
Data integration and file imports can be scheduled or automated in Direct.
Automated Exception Handling
Systematic treatment of data or calculation issues with notification and escalation.
No information available
Workflow Customization
Users can define, save, and manage custom workflows for their teams.
No information available
Batch Processing
Simultaneous execution of recurring calculations or reports for multiple portfolios.
Yes - has this feature
Batch processing of calculations and reporting jobs is available.
Alerting & Notification
Automated alerts for issues like data delays, reconciliation failures, or unusual results.
Yes - has this feature
Alert notifications for failed data loads, scheduled report failures, etc. are available.
Workflow Audit and Tracking
Complete history of all automated and manual process execution.
No information available
Compliance & Regulatory Support
(5 Yes /5 Known /5 Possible features)
Regulatory Reporting Templates
Built-in templates for regulatory and client reporting (UCITS, GIPS, MiFID II, etc).
Yes - has this feature
Morningstar provides regulatory report formats (e.g., GIPS) out-of-the-box.
Audit Readiness
Capabilities to produce structured logs and documentation required for audits.
Yes - has this feature
Audit logs and documentation available upon request per compliance module.
Regulatory Framework Updates
Timely system updates when new rules apply to performance and attribution.
Yes - has this feature
Updates to regulatory changes and data standards are periodically released by Morningstar.
Data Retention Controls
Ability to manage historical data storage per retention policies.
Yes - has this feature
Data retention configurations are part of enterprise deployment options.
Client-Specific Compliance Configuration
Tailoring outputs to unique compliance needs of clients.
Yes - has this feature
Compliance configuration and client-level constraints can be managed for specific portfolios/clients.
Integration & Extensibility
(3 Yes /3 Known /6 Possible features)
Open API Access
Rich, documented APIs for data query, update, and systems integration.
Yes - has this feature
APIs are available for data query, update, integration with client systems.
Plugin Framework
Support for firm-specific modules, custom analytics, or reporting plugins.
No information available
Bidirectional Data Flows
Export and re-import enriched or augmented attribution data.
No information available
Integration with OMS/PMS
Direct connection with Order Management and Portfolio Management Systems.
Yes - has this feature
Direct integrates with OMS/PMS like Bloomberg and Advent according to integration docs.
Third-Party Data Provider Integration
Plug-and-play integration with major market and reference data vendors.
Yes - has this feature
Integrates with market/reference data providers (e.g. FactSet, Reuters).
Webhooks / Event Hooks
Trigger actions in other systems based on events in the attribution platform.
No information available
Client Support & Training
(4 Yes /4 Known /6 Possible features)
Dedicated Account Management
Each client has a dedicated manager or team for support and relationship management.
Yes - has this feature
Morningstar offers dedicated account management for institutional clients.
24/7 Technical Support
Round-the-clock support availability for critical issues.
No information available
Onboarding & Training Programs
Structured onboarding, documentation, and in-person or online training.
Yes - has this feature
Formal onboarding, training sessions, and support documentation are provided.
Knowledgebase Access
Comprehensive online documentation, FAQ, and tutorials.
Yes - has this feature
Online documentation, tutorials, and FAQs are available.
User Community
Access to forums or user groups to share best practices.
Yes - has this feature
User community forums and events are available for knowledge sharing.
Response Time SLA
Guaranteed maximum initial response time for support requests.
No information available
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