Overview
AdviserLogic offers a range of licence types designed to support different roles within a financial advice practice.
Each licence type provides access to specific features and functionalities tailored to each role. Understanding these licence types will help you select the most suitable option for your role and ensure you have the right level of access to efficiently manage client data, compliance, and reporting.
About the Licenses
AdviserLogic offers six distinct licence types, each designed to cater to different roles within a financial advice practice.
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Each license is tailored towards a particular role and has different levels of access to AdviserLogic features.
📌Note
Some licenses may not be available, depending on your arrangements with AdviserLogic.
Summary Table
| Comprehensive Adviser | Strategic Adviser | Investment Adviser | Risk Adviser | Paraplanner | Support |
Fact Find | Yes | Yes | Yes | Yes | Yes | Yes |
File Notes | Yes | Yes | Yes | Yes | Yes | Yes |
Document Vault | Yes | Yes | Yes | Yes | Yes | Yes |
Workflow Management | Yes | Yes | Yes | Yes | Yes | Yes |
Document Creation | Yes | Yes | Yes | Yes | Yes | Non- Advice |
Insurance Research & Quoting | Yes | Yes | Yes | Yes | Same as Adviser | No |
Super Research & Quoting | Yes | Yes | Yes | No | Same as Adviser | No |
Super Research & Pricing | Yes | Yes | Yes | No | Same as Adviser | No |
Unit Pricing | Yes | Yes | Yes | No | Same as Adviser | No |
Datafeeds | Yes | No | Yes | Yes Insurance Only | No | No |
Cashflow Projection Modelling | Yes | Yes | No | No | Same as Adviser | No |
📌Note
All accounts must have a minimum of 1 Adviser Licence to function.
It is not possible to have an account with only Support/Paraplanner licenses.
Paraplanner
Paraplanner access is dependent on the types of license held by the person saved as the Adviser on a client record.
If you hold a Paraplanner license, and your practice holds an Investment Adviser license, you can access the Digital Advice section of AdviserLogic, but not Cash Flow.
If you try to access the Digital Advice Scenario for a client whose Adviser holds a Risk Adviser license for another client, you won't be able to do so. However, you will still be able to access the Insurance-related Advice Tools.
Discussing Your Licensing Needs
For existing clients, your Customer Success Manager is your first contact if you are considering changes and would like some advice. Click on the CSM button in the help centre to schedule a meeting with them.
Changing your License
Once you have determined what additional licenses or changes are required your Practice Champion needs to email this request to AdviserLogicSupport@morningstar.com.
📌Note
For compliance and security reasons, all licence change requests must be submitted in writing by the designated Practice Champion. This ensures that all changes are authorised by the appropriate individual and properly documented for audit and verification purposes.
Please keep in mind that changing your license type will result in a price change, which will be reflected in your billing from the following month's invoice.
Considering AdviserLogic?
If you are not currently an AdviserLogic client but would like to understand our pricing and license structure you can book a demo, one of our AdviserLogic Sales team will be in touch.