# Page 6 | Morningstar Direct Reviews 2026. Verified Reviews, Pros & Cons | Capterra

> Page 6 - Is Morningstar Direct the right Investment Management solution for you? Explore 251 verified user reviews from people in industries like yours to make a confident choice.

Source: https://www.capterra.com/p/10027902/Morningstar-Direct/reviews

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Morningstar Direct

4.1 (251)

[View alternatives](https://www.capterra.com/p/10027902/Morningstar-Direct/alternatives/)

Provider data verified by our Software Research team, and reviews moderated by our Reviews Verification team. [Learn more](https://www.capterra.com/our-story/)

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Last updated March 13th, 2026

# Page 6 - Reviews of Morningstar Direct

## Showing most helpful reviews

Showing 126-150 of 251 Reviews

Sort by:

Most Helpful

Rating

Company Size

Reviewer's Role

Length of Use

Frequency of Use

SC

Savvas C.  
Head Investment Advisory  
Banking  
Used the software for: 1-2 years

### "Positive but need to do more"

October 22, 2025

4.0

Positive. overall our model portfolios include mutual funds and etfs and the tool offers a lot of functions like monitoring, reporting, screening, factsheets kids etc

Pros

Look through analysis of funds. ability to view funtamentals on a portfolo consolidated basis and presentation studio is a good tool.

Cons

Does not cover bonds within portfolio analytics. the workaround solution to create instruments custom is too heavy and annoying

Review Source

JB

Jas B.  
Performance  
Financial Services  
Used the software for: 6-12 months

### "Morningstar is easy to use!"

February 3, 2026

5.0

I think Morningstar Direct is great, I use it alot for peer group data and enables us to see how we position versus other funds in the peer group

Pros

User friendly interface, easy to create edit and build new reports. Can create automated batches which is very useful.

Cons

Sometimes there are stale prices on shareclasses when it has not priced, not giving an accurate representation. Additionally, batches have a tendency of not being able to save to the FTP

Review Source

MS

Maite S.  
Transactions Manager Director  
Financial Services  
Used the software for: 2+ years

### "Morningstar Direct key for our research and compliance departments"

October 28, 2025

5.0

Great tool with powerful data; easy to use. Strong reporting tools through the Performance Presentation templates.

Pros

For our company, the lookthrough tools on fund analysis and the x-ray section are key for fund selection and governance.

Cons

I believe the AI tool has quite opportunity areas to explore; we still find it quite underdeveloped.

Review Source

EB

Eric B.  
Product Research Analyst  
Financial Services  
Used the software for: 2+ years

### "Great data with room for UI improvement"

August 13, 2025

4.0

Overall it provides the data we need on a daily basis to inform business decisions but there is room for improvement in the UI.

Pros

Data availability and multi-use amongst asset classes and vehicles. It is critical data in our day to day needs.

Cons

User interface is antiquated, more functionality amongst various views and tools would be helpful. For example I cannot control - f data in filing screens I pull up.

Review Source

LD

Larry D.  
Chief Investment Officer  
Investment Management  
Used the software for: 2+ years

### "Morningstar Direct Review"

August 13, 2025

4.0

Overall, good. A few years ago, we had a dedicated Mornigstar representative. We no longer have or are aware of such a person.

Pros

I like the accessibility of the data and quick summary/Snapshot Reports for investments and analyzed portfolios.

Cons

I am always disappointed when I can't generate Snapshot Reports. It is a recurring issue that turns a quick project into a painful one as Morningstar troubleshoots the issues.

Review Source

CP

Chris P.  
Senior Product Development Manager  
Financial Services  
Used the software for: 2+ years

### "Senior Product Development Manager"

August 18, 2025

5.0

Everyone is very knowledgeable and professional. Never had a bad experience with Morningstar. They are always willing to help.

Pros

Morningstar Direct is the best source for registered fund data. They also evolve to provide the most topical data points available. (e.g. easily finding mutual funds that have converted to ETFs, etc.)

Cons

There is so much data and sometimes we have to check SEC filings, especially for fee information to ensure it is 100% accurate.

Review Source

CS

Cheslyn S.  
Portfolio Administrator  
Investment Management  
Used the software for: 2+ years

### "Thumbs Up!"

October 28, 2025

3.0

Its powerful and essential tool for investment research, data analysis, and client reporting, especially for funds and ETFs. However, it is also frequently criticized for its steep learning curve, slow and clunky interface, and high cos

Pros

Morningstar Direct include its comprehensive and accessible investment data, robust analytical tools, and customized reporting capabilities. Its all-in-one design is praised for streamlining workflows for financial professionals across many roles.

Cons

Its unintuitive and clunky user interface, slow performance with frequent crashes, and a difficult learning curve.

Review Source

WK

Wernhard K.  
Investment specialist  
Banking  
Used the software for: 2+ years

### "Morningstar review 2026"

February 12, 2026

5.0

Professional tool, very good support, very complex - I like the service/support. Unfortunately not everything is available via the web-based version.

Pros

The abundance of resources and data. I like that you have people available to provide support via telephone. The helpdesk is very helpful and professional

Cons

It is not thermostat user friendly tool. It takes a while to get familiar with buttons, options, layout

Review Source

MC

Michael C.  
Marketing Data Analyst  
Investment Management  
Used the software for: 2+ years

### "Morningstar is good but could be great"

August 13, 2025

5.0

Its a great platform that provides alot of great data tools but needs user face improvements. I am happy with morningstar.

Pros

Great platform for creating h2h and isolating certain investment metrics for deliverables. Provides access to hard to find information.

Cons

It can be slow and shutdown, alot of glitch written interactions with presentation studio and performance reporting/

Review Source

VH

Vidar H.  
Investment Portfolio Manager  
Insurance  
Used the software for: 2+ years

### "Morningstar Direct - the number 1 fund data platform"

February 4, 2026

5.0

I have had a license for several years and feel I have benefited greatly from Morningstar Direct. The access to personnel from Morningstar, including support, has been good during this period. Some more new developments could have been expected, however, sustainability data has come on strong.

Pros

What I like most about Morningstar Direct is the large access to mutual funds and underlying data points.

Cons

What I like least about Morningstar Direct is that the interface can be somewhat difficult to navigate.

Review Source

RM

Rohit M.  
Senior Manager  
Financial Services  
Used the software for: 2+ years

### "Happy with the functionality of the software"

August 22, 2025

5.0

Positive experience overall. It has allowed us to analyze asset classes and our funds more easily across many dimensions.

Pros

Lots of data that is available to analyze. The presenation studio is also very good to visualize the data.

Cons

Not very fast and can be clunky in using it. Need to improve the speed of how it operates. Otherwise no other issues.

Review Source

CY

Carlos Y.  
Product MI Analyst  
Investment Management  
Used the software for: 1-2 years

### "Useful but slow"

October 22, 2025

4.0

Pros

The most concise fund level database worldwide, with excellent customer service. Very useful product and team all around.

Cons

Morningstar direct is a legacy software that is very slow and crashes often. Although the platform is well organised it lacks intuitive UX, although I guess this has been improved in the online version.

Review Source

SC

Steven C.  
Senior portfolio manager  
Investment Management  
Used the software for: 2+ years

### "Excellent tool, not the easiest use"

February 10, 2026

4.0

Overall, I would say the functions that the Morningstar direct can perform an excellent but it’s not the most user-friendly. That being said I do find the update that the lens tool easier to use.

Pros

Portfolio management tools help us with analysis work with clients. You can get information about all aspects of the investments

Cons

The tool requires an investment of time there is so much it can do and there is no easy way of learning the system.

Review Source

AA

Ahmed A.  
Investment Analyst  
Investment Management  
Used the software for: 2+ years

### "Morningstar Direct Review"

February 5, 2026

5.0

Pros

The depth and reliability of its data. The platform offers comprehensive analytics, strong performance attribution, and trusted research that supports informed, investment-grade decision making.

Cons

Can feel complex and overwhelming at times. Navigation and report customisation are not always intuitive. Despite this Morningstar Direct are actively making changes to enhance the user experience.

Review Source

AD

Alessandro D.  
Analyst  
Banking  
Used the software for: 2+ years

### "Excellent Support and a Constantly Evolving Platform"

February 24, 2026

4.0

Pros

The platform is continuously evolving and regularly updated, which ensures access to increasingly advanced data and functionality. The support team is punctual and responsive, and the Morningstar colleagues I interacted with have always been available and well‑prepared in providing assistance and clarification.

Cons

Some workflows are not very intuitive and require a significant amount of time to configure. The platform can feel slow when running more complex queries or when switching between modules.

Review Source

AS

Alan S.  
Analyst  
Investment Management  
Used the software for: 2+ years

### "Morningstar Direct Review "

August 13, 2025

4.0

Pros

It gets the job done, the support, and it is industry stanard so advisors like when you send them a report

Cons

It is a bit clunking using flash, takes time to load or glitches. Not always intuitive to find what Im looking for

Alternatives considered

[YCharts](https://www.capterra.com/p/210403/YCharts/)

Reason for choosing Morningstar Direct

We had Morningstar Direct already, but our team is always suggesting other products that are cheaper, but we stick with Morningstar because it gets the job done and everyone uses it, industry standard

Review Source

JW

Jonathan W.  
Analyst  
Banking  
Used the software for: 2+ years

### "Essential tool for fund analysis"

February 6, 2026

4.0

Overall, my experience with Morningstar Direct has been positive. It’s a powerful and specialised tool for fund analysis, offering great value relative to other market data platforms.

Pros

Good datasets/data availability, intuitive screening tools. Morningstar’s analytical frameworks are useful. It’s also significantly more cost‑effective than alternatives like Bloomberg, while still offering a strong suite of research tools.

Cons

The platform can feel laggy at times, particularly when running more complex screens or loading certain data-heavy modules. While the existing analytics are solid, I’d like to see more advanced analytical and visualisation capabilities—especially features similar to Style Research’s graphing and factor‑based analysis tools.

Review Source

TM

Thomas M.  
Fund Distribution and Oversight Officer  
Banking  
Used the software for: 2+ years

### "Review MS Direct"

February 4, 2026

4.0

overall good, support is present when necessary, though some decisions regarding classifications sometimes seems a bit odd.

Pros

The accessibility for new user, basic functions are easy to understand and use for beginners, the tools has lot of use cases.

Cons

unlike basic functions, advanced functions might be a bit hard to use and some functions are a bit slow such a presentation studio.

Review Source

BL

Bryan L.  
MAS Associate  
Investment Management  
Used the software for: 2+ years

### "M\* Is a great tool!"

August 13, 2025

5.0

Overall a good experience that improves our day to day and allows us to provide in-depth analysis for our teams.

Pros

M\* makes our job much easier having all the data we need at our fingertips. We are able to create custom batched reports that we don't even have to think about and saves tons of man hours.

Cons

Old and slightly clunky interface however the support we receive and the quality of the data available on the tool makes up for it.

Review Source

VR

Verified Reviewer  
Senior Mananger  
Banking  
Used the software for: 6-12 months

### "Morningstar- my go to place"

August 13, 2025

5.0

Excellent customer services which allows for the understanding of how to extract data easier. Whenever i have questions they are quick to reach out.

Pros

Access to a lot of information which allows me to get a ton of data that helps me understand the information i'm looking for.

Cons

there are so many fields to look through so it looks daunting at first. it takes a bit of time to getting used to.

Review Source

JH

John H.  
Research  
Investment Management  
Used the software for: 2+ years

### "Golden source for much in Am industry, although could be easier to use."

February 26, 2026

4.0

Broadly positive even if could be easier to navigate. Full team uses routinely for analysis. I do not use all functionality.

Pros

Golden source for data as well respected and broadly used. Excel exports are helpful. Key categories are covered e.g. all vehicle types, regions, etc. Morningstar categories are the gold standard.

Cons

It is difficult to use and does have a somewhat steep learning curve. Could be more user friendly. New functionality is good.

Review Source

AY

Andrew Y.  
Investment Banking Associate  
Capital Markets  
Used the software for: 2+ years

### "Powerful Analytics Platform for Institutional Investment Research"

February 4, 2026

5.0

Pros

\- Strong coverage across mutual funds, ETFs, equities, making it easy to run thorough comparative analysis. - Performance Reporting and Attribution functions are especially valuable for detailed, institutional grade analysis

Cons

The platform is powerful but not always intuitive; new users may require significant training. User interface feels dated where some workflows feel clunky compared to more modern analytics tools.

Review Source

DO

Dustin O.  
Director - Wealth Management  
Investment Management  
Used the software for: 6-12 months

### "Crucial system for portfolio managers"

October 22, 2025

5.0

Very positive experience so far. I have had only very minor issues at this time that have been resolved.

Pros

More comprehensive than Morningstar workstation. The data is crucial to our ongoing due diligence in model building and fund selection.

Cons

I didn't find the learning curve to be overwhelming at all. The interface is very similar to workstation. The only con might be some of the delays in getting month end data. There are times where I'm pulling all of the data for funds and some data doesn't pull because it's not updated yet.

Switched from

[Direct Advisory Suite](https://www.capterra.com/p/276296/Direct-Advisory-Suite/)

My role was updated to include due diligence on retirement line. Greater access was needed.

Review Source

SP

Spencer P.  
VP - Wealth Strategist  
Investment Management  
Used the software for: 2+ years

### "Morningstar Direct Positive Review"

October 22, 2025

4.0

Overall, it is positive. An 8 out of 10. I use the application a lot in my weekly/monthly duties as an analyst.

Pros

The amount of data available is unmatched. The presentation studio can be very helpful as well. I also like the excel spreadsheet add-in.

Cons

The layout is somewhat dated. Sometimes the amount of data points can be overwhelming because there are too many categories to choose from. Having to update the app so regularly can be annoying.

Review Source

FS

Federico S.  
Director  
Financial Services  
Used the software for: 2+ years

### "From good to mediocre"

February 28, 2025

1.0

Two years ago, the product client experience and assistance was great. Now its below mediocre.

Pros

Intuitive and easy to use. Great tool if you know how to use it.

Cons

RM's dont reach out. The turnaround-time it takes to resolve issue is a joke.

Alternatives considered

[Bloomberg Terminal](https://www.capterra.com/p/230048/Bloomberg-Terminal/)[LSEG Risk Intelligence](https://www.capterra.com/p/185117/LSEG-Risk-Intelligence/)

Reason for choosing Morningstar Direct

Ease of use. Additional tools available for entire team.

Switched from

[Bloomberg Terminal](https://www.capterra.com/p/230048/Bloomberg-Terminal/)

Needed more data and more analytical tools.

Review Source

Response from Morningstar

March 14, 2025

Hi Federico, we understand and apologize for your Customer Service experience. I have passed your feedback to the appropriate teams so the situation can be remedied.

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