YCharts is one tool that can fill this roll, he said. What advisers need is market data and a way to present information to clients. The Bloomberg terminal is necessary for traders at larger enterprise firms and hedge funds, and advisers wouldn’t use enough of its functionality to make it worthwhile, he said. He said that while there may be some overlap on the margins, he doesn’t really see them as competing products. Josh Brown, the CEO of Ritholtz Wealth Management, said YCharts is one of many market research tools the advisers at his firm uses, including a Bloomberg terminal. TD Ameritrade Institutional integrates YCharts with the Veo Open Access platform and plans to bring it to the next-generation Veo One platform sometime in 2018. Fidelity offers YCharts at a discounted rate to advisers through its practice management and consulting group, and Charles Schwab includes the technology on its Openview Market Square. Two-thirds of those users are wealth advisers, typically in the $50 million to $500 million AUM range.ĭynasty Financial Partners provides YCharts’ data and visualizations through its Dynasty Desktop technology suite for breakaway advisers. Sean Brown, who took over as CEO of YCharts after co-founder Shawn Carpenter stepped down in April 2016, said the company has grown 50% to 75% year-over-year for the past four years and now supports more than 3,000 users. (More: YCharts: Bloomberg for the rest of us?)
#ALTERNATIVE TO BLOOMBERG TERMINAL SOFTWARE#
Though the original service dates back to 1999, Capital IQ is a newer addition to S&P and has grown with acquisition of such companies as India’s SimplyStock data provider and ClariFI, which provides software to quantitative portfolio managers.Bloomberg remains a powerhouse eight years later, but YCharts, and other startups with similar products, have found success with financial advisers, a segment of financial services that traditionally eschewed high-priced finance terminals. However, the service lacks the same news and market data that distinguishes Bloomberg and Reuters.īut the branch of Standard & Poor’s Financial Services LLC (NYSE:MHP) is young.
Much of FactSet’s revenue is derived from sell-side firms, according to quarterly earnings reports, making it a more specified service than the all-encompassing Bloomberg Terminal.Ĭapital IQ’s company database makes it ideal for researching M&A deals and expanding portfolios. (NYSE:FDS) has carved out a niche for itself beside Bloomberg, targeting research analysts more so than portfolio monitoring, according to discussions on. It was only last September that it added macroeconomic data in a calendar format.įactSet Research Systems Inc. It is a seriously low-cost alternative: One month of use runs at $310, while a yearlong subscription costs a mere $3,335.īut SunGard certainly seems slow to launch services deemed crucial to analyzing the global economy. If you watch the video testimonial from brokerage firm TradeKing on SunGard’s website, one word is repeatedly uttered: “Value.” MarketMap’s main competitive advantage is its price. Though it lacks the behemoth databases Thomson Reuters and Bloomberg have accumulated, its performance attribution analysis examines managers’ relative under- or over-performance based on region, sector, style, market-cap weightings and security selection, making it ideal for manager research. The dual gray-and-white backgrounds of Morningstar’s data software is an aesthetic departure from Eikon and Bloomberg, but it isn’t the only difference. Still, it remains the Bloomberg terminal’s leading rival with about 30 percent of the financial data market’s share – about the same size as Bloomberg’s slice.
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