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Morningstar Office from Morningstar, Inc.
Portfolio management platform with research, reporting, client management, and billing capabilities. Includes performance reporting, investment planning tools, and access to Morningstar's investment research and analytics.
Product analysis by function
Portfolio Management Systems for Wealth Management
Platforms that help wealth managers construct, analyze, rebalance, and report on client investment portfolios.
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Client Management
(9 Yes /9 Known /12 Possible features)
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Client profile management Ability to create and maintain comprehensive client profiles with demographic, financial, and preference information |
Platform provides client management, and the ability to maintain client profiles as part of its CRM features. | |
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Relationship mapping Capability to map and visualize client relationships, family structures, and associated entities |
Relationship mapping is available via family tree and household/entity management features, as listed on product documentation. | |
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Client segmentation Tools to segment clients based on assets, revenue, risk profile, or custom criteria |
Client segmentation by custom criteria is a reported feature of the platform for practice management. | |
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Contact management System to track all client interactions, communications, and touchpoints |
Contact management is integral to the CRM built into Morningstar Office. | |
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Client onboarding workflow Structured process for onboarding new clients with necessary documentation and compliance checks |
Client onboarding workflow including compliance and documentation is available, per product guides. | |
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Digital client portal Self-service portal for clients to view portfolio information and interact with advisors |
Digital client portal is offered for client self-service, as confirmed by solution overview. | |
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Client documents repository Secure storage and organization of client documents and contracts |
Document repository for secure client documents is advertised as a feature. | |
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Communication preferences Management of client communication preferences and frequency |
Supports management of client communication preferences in CRM. | |
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Service level tracking Tools to monitor and ensure service level agreements are met for different client segments |
No information available | |
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Client retention analytics Metrics and tools to identify at-risk clients and support retention strategies |
Analytics available to support client retention, including at-risk client identification. | |
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Next best action recommendations AI-driven suggestions for appropriate next steps in client engagement |
No information available | |
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Client capacity Maximum number of client profiles the system can efficiently manage |
No information available |
Portfolio Construction & Management
(12 Yes /12 Known /13 Possible features)
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Model portfolio construction Tools to create and maintain model portfolios for different investment strategies |
Model portfolio construction and management are central investment functions per product details. | |
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Asset allocation Functionality to design and implement strategic and tactical asset allocation |
Asset allocation tools included as core portfolio construction features. | |
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Portfolio rebalancing Automated or manual rebalancing tools to maintain target allocations |
Automated and manual portfolio rebalancing supported as a standard feature. | |
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Drift monitoring Tools to monitor portfolio drift from target allocations |
Portfolio drift monitoring capabilities available according to documentation. | |
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Tax harvesting Capability to identify and execute tax-loss harvesting opportunities |
Tax harvesting available as a feature per platform documentation. | |
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Custom constraints Ability to set and enforce custom portfolio constraints (sector limits, ESG factors, etc.) |
Users can set and maintain custom portfolio constraints (sector, ESG, etc.) in the system. | |
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Cash management Tools to manage cash positions and flows within portfolios |
Cash management tools are built into the system per the product description. | |
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Multi-currency support Capability to manage portfolios across multiple currencies |
Multi-currency support is available for international portfolios as stated in system specifications. | |
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Alternative investments integration Support for incorporating and tracking alternative investments in portfolios |
Supports tracking of alternative investments in portfolios, per feature list. | |
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Investment policy compliance Tools to ensure portfolios comply with client investment policy statements |
Compliance with investment policy statements is supported through platform compliance tools. | |
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What-if scenarios Capability to model different portfolio scenarios before implementation |
Enables 'what-if' scenario modeling for portfolio construction and planning. | |
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Bulk order generation Ability to generate orders across multiple portfolios efficiently |
Bulk order generation is supported for efficient trade workflows as described on website. | |
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Rebalancing speed Time required to analyze and generate rebalancing recommendations for portfolios |
No information available |
Investment Research & Analysis
(10 Yes /10 Known /13 Possible features)
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Security research database Comprehensive database of investment securities with detailed information |
Includes access to Morningstar’s comprehensive security research database. | |
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Market data integration Real-time or delayed market data feeds integrated into the platform |
Market data integration, both delayed and real-time, is offered as part of the platform. | |
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Fundamental analysis tools Tools for fundamental analysis of stocks, bonds, and other securities |
Fundamental analysis tools are a core Morningstar Office capability. | |
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Technical analysis Charts and tools for technical analysis of security price movements |
Technical analysis functionality is supported within portfolio tools. | |
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ESG screening Tools to screen and analyze investments based on environmental, social, and governance factors |
ESG screening tools available via integration with Morningstar sustainability data. | |
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Research report integration Integration with third-party research reports and analysis |
Integration with Morningstar and third-party research reports is a key platform capability. | |
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Customizable screening Ability to create and save custom screening criteria for investments |
Customizable screening for investments is present in screening tools. | |
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Investment ideas workflow Process for generating, evaluating, and implementing investment ideas |
Investment ideas workflow, including research to implementation, is supported by the product. | |
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Macroeconomic data analysis Tools to analyze and incorporate macroeconomic trends into investment decisions |
Macroeconomic data integration for research and analysis is offered. | |
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Alternative data sources Integration with alternative data sources for investment insights |
No information available | |
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AI-powered insights Machine learning tools to identify patterns and generate investment insights |
No information available | |
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Market sentiment analysis Tools to analyze market sentiment from news, social media, and other sources |
Market sentiment analysis is available based on integrated news and research analysis. | |
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Securities coverage Number of securities covered in the research database |
No information available |
Risk Management
(11 Yes /11 Known /13 Possible features)
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Risk profiling Tools to assess and document client risk tolerance and capacity |
Platform provides client risk profiling tools as part of financial planning. | |
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Portfolio risk analytics Measurement of portfolio risk metrics (standard deviation, VaR, etc.) |
Portfolio risk analytics including VaR and standard deviation, available within the analytics suite. | |
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Stress testing Capability to stress test portfolios under different market scenarios |
Stress testing can be performed on portfolios as documented by the platform help center. | |
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Monte Carlo simulations Tools to run Monte Carlo simulations for portfolio outcomes |
Monte Carlo simulation tools are an option for scenario analysis within financial planning. | |
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Factor-based risk analysis Analysis of portfolio exposure to various risk factors |
Supports factor-based risk analysis as a component of performance/risk reporting. | |
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Concentration risk monitoring Tools to identify and monitor concentration risks in portfolios |
Provides concentration risk monitoring among risk analytics features. | |
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Downside protection tools Features to implement and monitor downside protection strategies |
Various tools for downside protection tracking can be customized in the platform. | |
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Liquidity risk management Tools to assess and manage portfolio liquidity risks |
Portfolio and position liquidity risk management are supported by risk analytics. | |
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Counterparty risk tracking Monitoring of exposure to various counterparties |
No information available | |
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Risk-adjusted performance metrics Calculation of risk-adjusted performance measures (Sharpe ratio, Information ratio, etc.) |
Morningstar Office provides risk-adjusted performance metrics including Sharpe and Information Ratio. | |
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Pre-trade compliance checks Automated checking of trades against risk parameters before execution |
Pre-trade compliance checks are included in the trading and risk modules. | |
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Risk exception alerting Automated alerts when portfolios exceed risk thresholds |
Risk exception alerting is available through compliance module and custom reporting. | |
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Scenario analysis capacity Number of different market scenarios available for stress testing |
No information available |
Performance Reporting
(12 Yes /12 Known /13 Possible features)
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Performance calculation Accurate calculation of time-weighted and money-weighted returns |
Performance calculation supports time-weighted and money-weighted returns. | |
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Benchmark comparison Tools to compare portfolio performance against relevant benchmarks |
Portfolio and account performance can be compared to relevant benchmarks. | |
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Attribution analysis Performance attribution to identify sources of returns |
Performance attribution analysis provided in reporting features. | |
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Custom reporting Ability to create customized performance reports |
Reports can be customized and scheduled, as confirmed by the platform capabilities. | |
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Interactive dashboards Interactive dashboards for exploring performance data |
Offers interactive dashboards for performance and analytics review. | |
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Scheduled reporting Automated generation and distribution of scheduled reports |
Automated and scheduled report generation/distribution are available. | |
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Multi-period analysis Performance analysis across different time periods |
Supports multi-period analysis in performance reporting. | |
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Composite reporting Capability to create and report on performance composites |
Composite reporting (GIPS composites, etc.) can be generated. | |
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GIPS compliance Support for Global Investment Performance Standards compliance |
Supports GIPS-compliant performance reporting. | |
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Peer group comparison Tools to compare performance against peer groups |
Peer group and benchmark comparisons can be set up in performance analytics. | |
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Tax-aware reporting Performance reporting that accounts for tax impacts |
Provides tax-aware and after-tax performance reporting. | |
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Mobile reporting access Access to performance reports via mobile devices |
Performance reports are accessible via mobile devices/web portal. | |
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Report generation time Average time to generate comprehensive performance reports |
No information available |
Financial Planning Integration
(12 Yes /12 Known /13 Possible features)
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Financial planning tools Integrated or connected tools for comprehensive financial planning |
Includes comprehensive financial planning tools and integrations. | |
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Goal-based planning Capability to define, track, and manage client financial goals |
Goal-based planning is built into the client planning workflows. | |
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Retirement planning Specialized tools for retirement scenario planning |
Retirement planning modules are a featured capability. | |
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Estate planning integration Features to incorporate estate planning considerations into wealth management |
Estate planning inputs and reporting are provided in planning functions. | |
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Tax planning Tools to optimize portfolio management for tax efficiency |
Built-in tax planning and optimization tools are included. | |
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Cash flow modeling Capabilities for projecting and analyzing client cash flows |
Cash flow modeling as part of planning module is included. | |
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Insurance needs analysis Tools to assess and incorporate insurance planning into wealth management |
Insurance needs analysis as a planning feature is mentioned in documentation. | |
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Education funding planning Features for planning and managing education funding goals |
Education funding planning tools available within the financial planning module. | |
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Plan vs. actual tracking Tools to compare actual results against financial plan projections |
Provides tools for comparing plan vs. actual investment outcomes. | |
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Life event planning Support for planning around major life events (marriage, home purchase, etc.) |
Enables planning for life events like home purchase, marriage, etc. | |
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Scenario comparison Ability to create and compare different planning scenarios |
Supports scenario comparison in financial planning workflows. | |
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Client-facing plan visualizations Interactive visualizations of financial plans for client presentations |
Includes client-friendly plan visualizations. | |
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Planning scenarios capacity Maximum number of planning scenarios that can be compared simultaneously |
No information available |
Trading & Order Management
(10 Yes /10 Known /13 Possible features)
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Order management system Comprehensive system for creating, tracking, and managing investment orders |
Investment order management system provided as standard trading feature. | |
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Trade execution Capabilities for executing trades directly or through connected systems |
Supports direct trade execution and trading through connected brokerages. | |
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Pre-trade compliance Automated checking of orders against compliance rules before execution |
Pre-trade compliance included as part of compliance/trading module. | |
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Allocation management Tools for managing the allocation of block trades across multiple accounts |
Allows allocation management of block trades. | |
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Trading algorithms Access to algorithmic trading strategies |
Algorithmic trading options available for selected asset classes. | |
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FIX connectivity Financial Information eXchange protocol support for connecting to trading venues |
No information available | |
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Multi-broker support Ability to route orders to multiple brokers and trading venues |
Multi-broker support for routed trades exists per marketing documentation. | |
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Trade cost analysis Tools to analyze and optimize trading costs |
Provides post-trade analysis, including TCA. | |
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Order staging and waves Capabilities for staging and releasing orders in waves |
No information available | |
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Trade settlement tracking Monitoring of trade settlement process and exceptions |
Tracks trade settlement with exception reporting. | |
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Trading calendar Integrated calendar of market trading days and holidays |
Built-in trading calendar with holiday schedules. | |
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Order approval workflow Configurable workflows for order review and approval |
Order approval workflows can be configured for trading compliance. | |
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Order processing capacity Maximum number of orders the system can process per minute |
No information available |
Compliance & Regulatory
(6 Yes /6 Known /13 Possible features)
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Regulatory reporting Tools for generating required regulatory reports |
Regulatory reporting functionalities are integrated for compliance. | |
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Compliance rule engine Configurable engine to define and enforce compliance rules |
Configurable compliance rule engine is available. | |
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AML/KYC integration Anti-Money Laundering and Know Your Customer compliance tools |
AML/KYC workflow and compliance checks are included. | |
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Suitability assessment Tools to assess and document investment suitability for clients |
Suitability assessment can be performed and documented via compliance workflow. | |
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Audit trail Comprehensive tracking of all system activities for audit purposes |
Audit trail feature is available for compliance monitoring. | |
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Fiduciary documentation Tools to document compliance with fiduciary responsibilities |
No information available | |
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Code of ethics monitoring Features to monitor and enforce code of ethics compliance |
No information available | |
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Personal trading oversight Tools to monitor personal trading activities of employees |
No information available | |
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Best execution analysis Analysis tools to demonstrate best execution practices |
Best execution analysis tools are available in post-trade modules. | |
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Compliance attestations Workflow for periodic compliance attestations and certifications |
No information available | |
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Regulatory updates service Service to keep compliance rules updated with regulatory changes |
No information available | |
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Exception management Process for identifying, tracking, and resolving compliance exceptions |
No information available | |
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Regulatory frameworks supported Number of different regulatory frameworks supported by the system |
No information available |
Technology & Integration
(10 Yes /11 Known /14 Possible features)
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API availability Comprehensive APIs for integration with other systems |
Comprehensive APIs provided for integration; API documentation publicly available. | |
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Cloud deployment Availability of cloud-based deployment options |
Cloud deployment options available for Morningstar Office, per marketing materials. | |
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On-premises deployment Ability to deploy the system on-premises |
Not as far as we are aware.* Product is cloud-based SaaS; on-premise deployment not supported. | |
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Mobile compatibility Availability of mobile apps or responsive design for mobile devices |
Mobile compatibility through responsive design and web/mobile access. | |
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Single sign-on Support for enterprise single sign-on solutions |
Supports SSO (single sign-on) using SAML and enterprise standards. | |
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Data warehouse integration Ability to integrate with enterprise data warehouses |
No information available | |
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Custodian connectivity Pre-built integrations with major custodians |
Connectors for integration with major custodians are built into platform. | |
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CRM integration Integration capabilities with CRM systems |
CRM integrations available (Salesforce and others per documentation). | |
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Data import/export Tools for importing and exporting data in various formats |
Data import/export supported via templates and various file types. | |
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Customization capabilities Extent to which the system can be customized without vendor involvement |
System is highly configurable at the user level for various workflows. | |
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Disaster recovery Robust disaster recovery capabilities and processes |
Disaster recovery capabilities described as enterprise grade in technical documentation. | |
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Multi-factor authentication Support for multi-factor authentication methods |
Multi-factor authentication supported out of the box. | |
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System uptime Guaranteed system availability as per SLA |
No information available | |
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Database performance Speed of database query execution for common operations |
No information available |
User Experience & Support
(12 Yes /12 Known /14 Possible features)
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Interface customization Ability for users to customize their interface and workflows |
Offers interface and dashboard customization to the advisor user. | |
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Role-based access control Granular control over user permissions based on roles |
Role-based access control available (admin, advisor, assistant, etc). | |
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Multi-language support Availability of the interface in multiple languages |
Multi-language support stated for client-facing reports and advisor interface. | |
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User training resources Comprehensive training materials and programs |
Access to robust online training, webinars, and help documentation. | |
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Support SLA Defined service level agreements for technical support |
Support SLAs are described in customer onboarding collateral. | |
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User community Active user community for knowledge sharing |
Active community forums and knowledge base for users. | |
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In-app guidance Contextual help and guidance within the application |
In-app help and tooltips available throughout platform workflow. | |
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Implementation services Professional services for system implementation |
Professional implementation service provided for onboarding. | |
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Regular updates Frequency and transparency of system updates and enhancements |
Regular feature and security updates described in customer communications. | |
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Sandbox environment Availability of sandbox or test environments |
Sandbox/test environment available for select accounts (per support documentation). | |
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Client success management Dedicated client success resources for ongoing support |
Client success management team provided for high value clients. | |
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User feedback mechanism Process for users to provide feedback and enhancement requests |
Feedback tool available within platform for user suggestions. | |
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Support response time Average time to first response for support tickets |
No information available | |
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Supported concurrent users Maximum number of concurrent users the system can support |
No information available |
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