As part of the phased pricing transition we began two years ago, the final adjustment to the Morningstar Advisor Workstation subscription rate takes effect this week.
The annual subscription fee will move to the final tier of $2,400/year, automatically deducted from commissions, beginning this week. The current retail price of Morningstar Advisor Workstation is $3,500 annually. ESI advisors continue to receive a 30%+ discount, ensuring you get best-in-class research capabilities at a competitive rate.
This change reflects the last step in the three-year transition plan we introduced when we expanded our partnership with Morningstar to deliver more powerful features at a significantly discounted rate.
Why the Increase?
The upgraded Morningstar Advisor Workstation offers a broader range of tools and data to help you deliver deeper insights and more efficient client service. Through our partnership, you receive access to:
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Preferred Stock and Bond universes – valuable in navigating today’s interest rate environment
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Detailed Analyst Research on equities and ETFs
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The ability to quickly capture client holdings using uploaded statements
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A continuously evolving platform designed to scale with your practice
A Quick Recap of the Transition:
| Year | Annual Fee |
|---|---|
| Year 1 (2023) | $1,800 |
| Year 2 (2024) | $2,100 |
| Year 3 (2025) | $2,400 |
This final step brings your subscription to the standard discounted rate secured through ESI’s partnership with Morningstar.
What You Need to Do
No action is required. The adjusted pricing will be reflected automatically in your commission deductions.
Thank you for your continued commitment to excellence in client service—and for leveraging the resources we’ve made available to support your success.
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