What software do financial advisors use for portfolio proposals?

Common choices include Kwanti, Nitrogen, YCharts, Orion and Morningstar’s advisor tools, which combine analysis with proposal documents. Independent advisors who need deep analysis and stress tests at a monthly price also use MEDGE, whose Advisor plan costs €159 a month.

How do advisor platforms compare a client’s risk tolerance with portfolio risk?

Most score the client with a questionnaire and the portfolio with a risk measure, such as a risk number, volatility or drawdown, then show whether the two match. Stress tests add what the portfolio could lose in specific scenarios.

How much does advisor portfolio analytics software cost?

Published prices range from about $199 a month for Nitrogen’s Risk Center and $224 per user a month for Kwanti, both billed annually, to platforms priced only on request. MEDGE’s Advisor plan is €159 a month, billed monthly or yearly.

Guide · checked November 2026

Best portfolio analytics software for financial advisors in 2026

Advisor platforms combine portfolio analysis with client work: risk profiling, proposals, stress tests and reports. Pricing is usually per user, seat or portfolio, often billed annually, and several vendors quote only on request.

Published by MEDGE Capital, which is one of the tools listed. Details of the other tools come from their public pages, checked in November 2026, with a link to each source below. Prices are list prices for one user, before tax; check with the vendor before you buy. The order is not a ranking.

Tool	For advisors	Price
MEDGE Capital	Backtests with attribution and regimes, a Stress Lab with custom shocks propagated to each holding, VaR and CVaR, optimization, and portfolio reports in PDF, HTML and CSV; the Advisor plan holds 200 saved portfolios with priority support.	Advisor €159 a month (two months free with yearly billing); other plans from free
Kwanti	Portfolio analysis and stress tests on historical and custom date ranges, a risk questionnaire with an investment policy statement, model management and branded proposals.	Single $224 per user a month, billed annually; Multi $195 a month (5-user minimum); 14-day trial
Nitrogen (formerly Riskalyze)	Risk Center with the Risk Number, proposals and stress tests, and portfolio statistics such as Sharpe, beta and drawdown.	Risk Center from $199 a month on an annual term
Morningstar Direct Advisory Suite	Compares portfolios on risk, performance and exposure, builds proposals, and offers more than 15 report templates and the Morningstar Portfolio Risk Score.	Price on request from the vendor
Orion Risk Intelligence	More than 100 macro stress-test scenarios and a proposal generator that compares a prospect’s holdings with a recommended portfolio.	See the vendor’s site
YCharts	Model portfolios, a portfolio optimizer, factor analysis and attribution, with stress test and correlation tabs.	Price on request from the vendor

MEDGE CapitalOur tool

Portfolio analytics for independent advisors and self-directed investors, on US and European listings.

For advisors: Backtests with attribution and regimes, a Stress Lab with custom shocks propagated to each holding, VaR and CVaR, optimization, and portfolio reports in PDF, HTML and CSV; the Advisor plan holds 200 saved portfolios with priority support.
Price: Advisor €159 a month (two months free with yearly billing); other plans from free
Fits if: you are an independent advisor who wants deep analysis and stress tests at a monthly price, including UCITS ETFs.

MEDGE for advisors

Kwanti

Portfolio analytics platform for advisors and RIAs.

For advisors: Portfolio analysis and stress tests on historical and custom date ranges, a risk questionnaire with an investment policy statement, model management and branded proposals.
Price: Single $224 per user a month, billed annually; Multi $195 a month (5-user minimum); 14-day trial
Fits if: you want proposals and risk questionnaires built around portfolio analytics.

Source: Product · Pricing

Nitrogen (formerly Riskalyze)

Client engagement and risk platform for advisors.

For advisors: Risk Center with the Risk Number, proposals and stress tests, and portfolio statistics such as Sharpe, beta and drawdown.
Price: Risk Center from $199 a month on an annual term
Fits if: you want risk alignment conversations with clients at the centre.

Source: Pricing · Risk Center features

Morningstar Direct Advisory Suite

Web-based advisor platform from Morningstar.

For advisors: Compares portfolios on risk, performance and exposure, builds proposals, and offers more than 15 report templates and the Morningstar Portfolio Risk Score.
Price: Price on request from the vendor
Fits if: you want Morningstar research and reports inside your advisory workflow.

Source: Direct Advisory Suite

Orion Risk Intelligence

Advisor risk analytics, formerly HiddenLevers.

For advisors: More than 100 macro stress-test scenarios and a proposal generator that compares a prospect’s holdings with a recommended portfolio.
Price: See the vendor’s site
Fits if: you want macro scenario stress tests for prospect meetings.

Source: Risk Intelligence

YCharts

Research and proposal platform for financial advisors.

For advisors: Model portfolios, a portfolio optimizer, factor analysis and attribution, with stress test and correlation tabs.
Price: Price on request from the vendor
Fits if: you want research, model portfolios and proposals in one platform.

Source: Model portfolios

Frequently asked questions

What software do financial advisors use for portfolio proposals?: Common choices include Kwanti, Nitrogen, YCharts, Orion and Morningstar’s advisor tools, which combine analysis with proposal documents. Independent advisors who need deep analysis and stress tests at a monthly price also use MEDGE, whose Advisor plan costs €159 a month.
How do advisor platforms compare a client’s risk tolerance with portfolio risk?: Most score the client with a questionnaire and the portfolio with a risk measure, such as a risk number, volatility or drawdown, then show whether the two match. Stress tests add what the portfolio could lose in specific scenarios.
How much does advisor portfolio analytics software cost?: Published prices range from about $199 a month for Nitrogen’s Risk Center and $224 per user a month for Kwanti, both billed annually, to platforms priced only on request. MEDGE’s Advisor plan is €159 a month, billed monthly or yearly.

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