Investment Software Products & Recommendations

A curated guide to the best investment software platforms for financial advisors. From institutional-grade research tools to developer-friendly APIs, find the right solution for your practice.

Featured Recommendations

Editor's Choice

Morningstar Direct

Institutional Research Platform

Featured
4.7

Enterprise-grade investment research platform with comprehensive fund analysis, portfolio construction tools, and institutional-quality data.

PRICING
Custom (Enterprise)
BEST FOR

RIAs, institutional investors, comprehensive fund research

PROS
  • Institutional-grade data
  • Comprehensive fund analysis
  • Portfolio X-ray tools
CONS
  • Expensive
  • Steep learning curve

OpenBB Terminal

Open-Source Investment Research

Featured
4.6

Open-source investment research platform offering institutional-grade tools without the institutional price tag.

PRICING
Free (Open Source)
BEST FOR

Technical analysts, developers, cost-conscious advisors

PROS
  • Free and open-source
  • Powerful features
  • Customizable
CONS
  • Technical setup
  • Command-line interface

All Products

Google Finance

Market Data & Portfolio Tracking

4.0

Free, accessible market data and portfolio tracking. Ideal for basic research and client education with real-time quotes and news integration.

PRICING
Free
BEST FOR

Basic market research, portfolio tracking, client education

PROS
  • Free and accessible
  • Real-time data
  • Google integration
CONS
  • Limited analytics
  • Basic charting

Perplexity Finance

AI-Powered Research Assistant

4.5

AI-powered financial research tool that provides instant answers to complex financial questions with cited sources.

PRICING
$20/month
BEST FOR

Quick research, fact-checking, market analysis

PROS
  • AI-powered insights
  • Fast research
  • Cited sources
CONS
  • Requires verification
  • Limited historical data

Fiscal.io

Financial Data API

4.3

Developer-friendly API for accessing comprehensive financial data, including fundamentals, ratios, and market data.

PRICING
Starting at $29/month
BEST FOR

Custom dashboards, automated analysis, data integration

PROS
  • Comprehensive API
  • Affordable
  • Good documentation
CONS
  • Requires technical knowledge
  • Not a UI platform

Seeking Alpha Premium

Investment Research & Analysis

4.4

Crowdsourced investment research platform with premium stock analysis, dividend grades, and quant ratings.

PRICING
$199/year
BEST FOR

Individual stock research, dividend investing, alternative perspectives

PROS
  • Diverse viewpoints
  • Dividend analysis
  • Quant ratings
CONS
  • Quality varies
  • Crowdsourced content

Interactive Brokers

Trading Platform & Research

4.5

Professional-grade trading platform with advanced tools, global market access, and comprehensive research capabilities.

PRICING
$20/month (waived with activity)
BEST FOR

Active traders, global investing, advanced analysis

PROS
  • Low costs
  • Global markets
  • Advanced tools
CONS
  • Complex interface
  • Not beginner-friendly

Financial Modeling Prep

Financial Data API

4.4

Comprehensive financial data API with real-time and historical data for stocks, forex, crypto, and more.

PRICING
Starting at $14/month
BEST FOR

Custom applications, automated analysis, data-driven strategies

PROS
  • Affordable
  • Comprehensive data
  • Good documentation
CONS
  • Rate limits on free tier
  • Requires development skills

Need Help Choosing the Right Software?

Our team can help you evaluate your needs and select the optimal software stack for your advisory practice. We offer custom implementation and integration services.