The Modern Alternative to Morningstar Advisor Workstation
Move beyond traditional research and planning tools. Get AI-powered portfolio construction, automated compliance, modern client onboarding, and seamless proposal generation in one unified platform.
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Trusted by advisory firms across North America
Why Switch from Morningstar?
Get more capabilities, save time, and reduce costs with Investipal's comprehensive platform.
Modern AI-Powered Platform
Morningstar Advisor Workstation is a legacy platform built decades ago. Investipal is a modern, AI-first platform built from the ground up with machine learning, automation, and intelligent workflows—delivering 10x faster portfolio construction and proposal generation.
Complete Client Onboarding
Morningstar lacks modern onboarding capabilities. Investipal includes automated statement scanning with transaction-level detail, e-signature workflows, AML & ID verification, and instant compliance documentation generation—reducing onboarding from weeks to hours.
All-in-One vs. Multiple Tools
Morningstar requires multiple modules, add-ons, and third-party integrations to cover your workflow. Investipal unifies research, portfolio construction, compliance, onboarding, and proposals in one seamless platform—eliminating data silos and reducing costs.
Feature Comparison
See how Investipal stacks up against Morningstar
Research & Planning
| Feature | Morningstar | Investipal |
|---|---|---|
| Investment Research & Data | Advanced | |
| Fund & Stock Analysis | | |
| Screeners & Filters | | |
| Financial Planning Tools | Advanced | |
| Goal Planning | | |
| Scenario Builder | Basic | |
Portfolio Management & Construction
| Feature | Morningstar | Investipal |
|---|---|---|
| AI-Powered Portfolio Construction | Build optimized portfolios in seconds | |
| Model Portfolios | Basic | |
| Portfolio Analysis | Basic | |
| Asset Allocation Optimization | Basic | Advanced Multi-factor AI optimization |
| Custom Security Builder | Model alternatives & private assets | |
| Automated Rebalancing | | |
| Drift Monitoring & Alerts | |
Client Onboarding & Data Management
| Feature | Morningstar | Investipal |
|---|---|---|
| Automated Statement Scanning (OCR) | Advanced Any format, transactions, holdings & full portfolio analysis | |
| Account Aggregation (Held-Away Assets) | Basic | Advanced |
| Document Generation & E-Signature | | |
| AML & ID Verification | | |
| Client Portal | | |
| Client Management | Basic | Advanced |
Proposals & Client Communication
| Feature | Morningstar | Investipal |
|---|---|---|
| Custom Reports | Basic | Advanced AI-generated, fully customizable |
| Investment Plan Reports | | |
| Portfolio Proposals | Basic | Advanced Comprehensive proposal generation |
| What-If Scenarios | Basic | Advanced |
| Portfolio Comparison Analysis | Basic | Advanced Current vs. proposed with tax impact |
| Risk Profiling & Scoring | Basic | Advanced |
Compliance & Documentation
| Feature | Morningstar | Investipal |
|---|---|---|
| Investment Policy Statements (IPS) | AI-generated in seconds | |
| Regulation Best Interest (Reg BI) Documentation | Basic | Advanced |
| Automated Compliance Alerts | | |
| Suitability Documentation | Basic | Advanced |
Switching is Easy
Our team guides you through every step of the migration process
Book a Personalized Demo
15 minutesSchedule a 15-minute walkthrough tailored to your Morningstar workflow. See exactly how Investipal compares and what you will gain by switching to a modern AI-powered platform.
Data Migration Support
1-3 daysOur team assists with seamless data transfer from Morningstar. We ensure all client data, model portfolios, and research lists are accurately migrated to Investipal.
Personalized Onboarding & Training
1 weekGet dedicated training for your team. We will help you set up your workflows, customize reports, and integrate Investipal into your practice—showing you how to leverage AI for 10x productivity gains.
Go Live with Full Support
ImmediateLaunch Investipal with dedicated support. Run both platforms in parallel during your transition if needed. Cancel Morningstar when you are ready—no rush.
Explore Related Features
See how Investipal powers your entire advisory workflow
Enterprise-Grade Security
Your data is protected with bank-level security
Compliance & Privacy
Ensure adherence to SEC/FINRA standards with built-in compliance and privacy features. No user data is used in training.
Security
Investipal is SOC2 Type II compliant and all data is fully protected with advanced encryption and secure protocols.
Scalability
Grow through technology, not headcount.
"We're deeply committed to integrating cutting-edge technology to transform the financial planning and investment management landscape. Investipal's innovative approach aligns perfectly with our vision, particularly in utilizing OCR technology to streamline processes to elevate the client and advisor experience."
See Investipal in Action
Curious how Investipal can help accelerate your firm's growth? Chat with one of our solution experts.
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