Morningstar Premium Review: Worth it or Waste of Money?

Morningstar Premium Review Worth it or Waste of Money

Morningstar is one of the most well-known companies in the world when it comes to mutual funds. They have a premium subscription that offers you access to their data, investment insights, and market commentary. Does this service live up to its hefty price tag? In this review, I will answer all your questions about Morningstar Premium so you can decide whether or not it’s worth it for you.

Company Overview

Morningstar is one of the biggest companies in finance with over 450 employees and $244 billion in assets under advisement. It was founded by Joe Mansueto in 1984 with only $80,000 in savings. There are many other financial institutions that use their data like banks, hedge funds, brokers, etc., so this company has quite a big reach!

Morningstar offers free tools on its website for individual investors as well as an investment platform called Portfolio IQ. This review focuses specifically on Morningstar Premium which offers more than just access to research reports or recommendations – it provides you with additional services such as telephone support from analysts and portfolio management assistance.

Morningstar Premium Features

When you sign up for Morningstar Premium, you get access to a few different things.

  1. The first is their data and investment insights. This includes information on stocks, mutual funds, ETFs, and indexes as well as detailed analysis on each. You also have access to their market commentary which provides overviews of the markets as well as what they’re expecting in the future.
  2. Additionally, if you have any questions about investments or just want someone to talk to about your portfolio, you can call one of their analysts for help!
  3. Lastly, they offer a portfolio management service that will create a tailored portfolio for you based on your goals and risk tolerance.

Who is Morningstar Premium Good For?

The Morningstar Premium service is good for someone who wants to take their investing game up a notch. It’s also great if you want access to an actual human when it comes time to make decisions rather than relying solely on research reports or algorithms. Also, if you’re interested in customized portfolio management services, the Premium service will be worthwhile for you since these types of tools can easily cost upwards of thousands per year!

Keep in mind, Morningstar, similar to Motley Fool’s Stock Advisor, will give you detailed analysis & recommendations to make informed choices. The final decision on how to invest your money is ultimately up to you. You need to decide what to do with the information provided by Morningstar Premium.

In short, I think that Morningstar Premium is a great tool for people who want more detailed data and insights as well as access to human support when it comes time to make decisions about their investments. If this sounds like something you need, then go ahead and sign up!

How Much Does Morningstar Premium Cost?

Morningstar allows new members to sign-up for 1-year, 2-year, 3-year, or monthly Premium membership.

  • 1 year: $249
  • 2 years: $399
  • 3 years: $499
  • Monthly: $34.95

We’re all about making smart financial decisions and would highly recommend signing up for a minimum 1-year membership. In addition, Morningstar offers a 14-day free trial with all new memberships, giving us confidence in the quality of their service!

In addition, Morningstar is offering our readers a special offer with up to $100 off on the annual membership.

For example, a 1-year membership will cost approximately $16.58 per month – less than the cost of 1 Starbucks coffee per week! That’s a small investment to make for the growth of your wealth portfolio.

Bottom Line

Morningstar Premium is a great tool for people who want more detailed data and insights as well as access to human support when it comes time to make decisions about their investments. If this sounds like something you need, then go ahead and sign up! They offer a 14-day free trial and there’s really no reason to not try out their service that is highly respected amongst finance professionals across the world.

Features Image Credit: Canva.

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Ash & Pri

Ash & Pri are the Founders of AshandPri.com and have spent the last decade building their way towards financial freedom and a lifetime of memories. Having successfully achieved their early retirement goal in under 10 years, they look forward to sharing their financial sense with like-minded people. Read more about Ash & Pri in the 'About Us' section.