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I use Morningstar workstation and Fi360. Didnt spend the money and I didnt see the value add.
Is a very solid platform, I recommend it. The simple reality is far to many advisors in the qualified marketplace are part time and don’t actually help the plan sponsors with their fiduciary liability. If your getting in the segment and are doing it seriously it is almost a necessity.
What is that.
It’s a ratings software Retirement Plan Advisory Group. It has a bunch of services to look at benchmarking, Fiduciary preparedness, fund evaluation, and plan design info. Just don’t think it’s a better ‘mouse-trap’ - just re-delivering what other software does. Could work for some if you don’t current use any software package.
I used to use them for several years and it wasn't about the cost it was more about the fact that you do not have exclusivity as they tell you. I found out there were four other people in my building using it.