--- description: Learn more about Morningstar Direct price, benefits, and disadvantages for businesses in New Zealand. Read verified software reviews and find tools that fit your business needs. image: https://gdm-localsites-assets-gfprod.imgix.net/images/capterra/og_logo-e5a8c001ed0bd1bb922639230fcea71a.png?auto=format%2Cenhance%2Ccompress title: Morningstar Direct Pricing, Reviews & Features - Capterra New Zealand 2026 --- Breadcrumb: [Home](/) > [Investment Management Software](/directory/20010/investment-management/software) > [Morningstar Direct](/software/1074481/Morningstar-Direct) # Morningstar Direct Canonical: https://www.capterra.co.nz/software/1074481/Morningstar-Direct Page: 1 / 11\ Next: [Next page](https://www.capterra.co.nz/software/1074481/Morningstar-Direct?page=2) > Morningstar Direct helps managers drive success with tools for research, product creation, marketing, and portfolio management. > > Verdict: Rated **4.1/5** by 251 users. Top-rated for **Likelihood to recommend**. ----- ## Overview ### Who Uses Morningstar Direct? Asset and wealth managers, investment professionals, and portfolio managers seeking data-driven insights, portfolio management tools, and streamlined workflows. ## Quick Stats & Ratings | Metric | Rating | Detail | | **Overall** | **4.1/5** | 251 Reviews | | Ease of Use | 3.6/5 | Based on overall reviews | | Customer Support | 4.2/5 | Based on overall reviews | | Value for Money | 3.8/5 | Based on overall reviews | | Features | 4.2/5 | Based on overall reviews | | Recommendation percentage | 70% | (7/10 Likelihood to recommend) | ## About the vendor - **Company**: Morningstar ## Commercial Context - **Target Audience**: 2–10, 11–50, 51–200, 201–500, 501–1,000, 1,001–5,000, 5,001–10,000, 10,000+ - **Deployment & Platforms**: Cloud, SaaS, Web-based - **Supported Languages**: English - **Available Countries**: Albania, Andorra, Anguilla, Antigua & Barbuda, Aruba, Australia, Austria, Bahamas, Barbados, Belarus, Belgium, Belize, Bermuda, Bosnia & Herzegovina, British Virgin Islands, Bulgaria, Canada, Cayman Islands, Costa Rica, Croatia and 78 more ## Features - Benchmarking - Client Management - Financial Analysis - Investments Tracking - Performance Metrics - Portfolio Management - Risk Management ## Integrations (2 total) - Excel Add-ins - Microsoft Excel ## Support Options - Email/Help Desk - FAQs/Forum - Knowledge Base - Phone Support ## Category - [Investment Management Software](https://www.capterra.co.nz/directory/20010/investment-management/software) ## Alternatives 1. [First Rate Vantage](https://www.capterra.co.nz/software/179626/investor-portal) — 4.9/5 (18 reviews) 2. [SeedLegals](https://www.capterra.co.nz/software/172337/seedlegals) — 4.9/5 (83 reviews) 3. [Vestd](https://www.capterra.co.nz/software/207791/vestd) — 4.9/5 (97 reviews) 4. [Direct Advisory Suite](https://www.capterra.co.nz/software/210603/Direct-Advisory-Suite) — 4.8/5 (4 reviews) 5. [TrendSpider](https://www.capterra.co.nz/software/1038427/trendspider) — 4.6/5 (13 reviews) ## Reviews ### "Daily use Morningstar Direct as a quant" — 5.0/5 > **Lijun** | *13 August 2025* | Financial Services | Recommendation rating: 10.0/10 > > **Pros**: Morningstar Portfolio Management and Portfolio Report because they provide easier ways to manage portfolio and gain reports. As a quantitative analyst, Morningstar also provides me online Lab or python environment to directly access their data, which is thanksful. > > **Cons**: Though compay pay for use, it's expensive. However, it's provide insightful analysis such as 6P product analysis, and other useful info for investments. > > I am overall satisfied with Morninstar Direct so far. I have been using it for more than 2 years, it continusously provides me assistance in my work. ----- ### "Direct is a well-suited database for in depth fund analysis" — 4.0/5 > **Barbara** | *11 February 2026* | Financial Services | Recommendation rating: 8.0/10 > > **Pros**: -Data quality: Good compared with competition -Multiple functionalities: Morningstar Direct enables an in depth fund analysis - using this database gives us an edge over competitors -Great people: Morningstar has great employees and it is always a pleasure to work with them -Insightful events and webinars: Research papers and Direct webinars are an important source of information > > **Cons**: -Expensive: For a small company like ours, have a Direct database license for every analyst is expensive. We also would wish to have more data export functionalities included. -Not very user friendly: While have multiple opportunities to pull reports and data - one has to know where to look. Direct is a jungle. > > \-Overall I am satisfied with this database and in my view there is no better-suited choice for my needs as a fund analyst. I use it every day for my analyses. -Data quality is not 100% perfect but much better than the competitors I have worked with \[sensitive content hidden\] ----- ### "Needs basics improved" — 2.0/5 > **Linzi** | *11 February 2026* | Financial Services | Recommendation rating: 1.0/10 > > **Pros**: delivers independent, data‑driven insights that help gather data, research and reports. It has comprehensive fund, equity, and market information. Morningstar’s tools are ok, enabling some screening, portfolio analysis, and comparison across asset classes. > > **Cons**: Constantly having issuing with the system, be it slow, reporting not working, access to reports. Experiencing system outage that is preventing accessing, running reports, or retrieving essential data. The platform is either failing to load entirely or responding so slowly that normal workflows cannot be completed. Attempts to log in time out, freeze. Data queries, performance analytics, unavailable, disrupting routine operational tasks. This issue is affecting productivity and delaying critical deliverables that rely on timely market information. These problems have been reported. > > At present, not great. The basis functions need to be brought back and improved rather than adding new addition features. Many reports that I have used for years have become very problematic. Constantly having issuing with the system, be it slow, reporting not working, access to reports. Experiencing system outage. The platform is either failing to load entirely or responding so slowly that normal work cannot be completed. ----- ### "Useful tool, powerful, but requires some training" — 5.0/5 > **Wee-Tsen** | *4 February 2026* | Investment Management | Recommendation rating: 9.0/10 > > **Pros**: There are a lot of pre made templates that can bring any portfolio to life, there are many functions within Direct for many needs, performance reporting, attribution, portfolio monitoring, and most importantly, comparing funds/performance against the Morningstar peer groups. > > **Cons**: Some functionality is clunky and not very easy to customise beyond the options given. For instance, for some charts it is tricky to automate with certain time periods, which is hugely frustrating as it should be quite simple to add, and would make a good template, perfect\! Customer service can be a bit hit and miss, there are some very good agents and some are just trying to close your ticket as fast as possible without really caring about your issue. > > For the most part, the tool is quite powerful, it is not as easy to customise as things like FactSet, but the Morningstar categories and standard data is impressive. Like with all things, to get the full use of it, you will end up needing holdings from data vendors etc, but that isn't Morningstar's fault per se. It can be quite daunting for a new user to learn what all the modules are for, and might take some training sessions to get the full experience. After being a light user for over a decade, there are still issues I am unfamiliar with and need training. ----- ### "Good but why is there no 10 year cumulative fair value NAV total return data point in Excel??" — 4.0/5 > **Jamie** | *10 February 2026* | Capital Markets | Recommendation rating: 5.0/10 > > **Pros**: The Excel plus in (save as noted below) is very helpful and the Presentation Studio allows us to create informative graphs and charts (albeit there is a steep learning curve and it seems to be impossible to change colours of stocks across pages without updating the pages individually; changing it for the "report" does not appear to flow through). > > **Cons**: It does not provide a data output via the Excel plug in for cum fair NAV total return for a 10 year period, which significantly hampers our work as this is a crucial metric when working with UK closed ended investment funds. Instead, we have to use the presentation studio or refer to the Association of Investment Companies' website (e.g.https://www.theaic.co.uk/companydata/scottish-mortgage-investment-trust) which curiously uses Morningstar as its data provider - if the data is available from both of those sources using Morningstar Direct why is it not available in Excel?? A Morningstar license is also very costly so we are reviewing our data provider arrangements this year. ----- Page: 1 / 11\ Next: [Next page](https://www.capterra.co.nz/software/1074481/Morningstar-Direct?page=2) ## Links - [View on Capterra](https://www.capterra.co.nz/software/1074481/Morningstar-Direct) ## This page is available in the following languages | Locale | URL | | en | | | en-AE | | | en-AU | | | en-CA | | | en-GB | | | en-IE | | | en-IL | | | en-IN | | | en-NZ | | | en-SG | | | en-ZA | | ----- ## Structured Data