FactSet Workstation

Score8.2 out of 10

47 Reviews and Ratings

What is FactSet Workstation?

The FactSet Workstation is a dynamic platform designed to empower financial professionals with seamless data access, advanced analytics, and technology. Integrating over 800 data sources across asset classes and markets, it consolidates crucial insights and elevates decision-making.

Its AI-powered tools include smart search and chat features. The workstation simplifies complex workflows, enabling users to uncover insights quickly and improve collaboration. From research and portfolio construction to wealth management, the platform adapts to diverse needs, offering configurability and real-time integration within existing workflows. With a focus on productivity and streamlining processes, the FactSet Workstation provides customizable solutions for workflows such as:

• Investment & Quantitative Research
• Portfolio Management & Trading
• Risk & Performance Analysis
• Banking
• Wealth Management
• Managed Services
• Investor Relations
• Private Capital
• Industry Research & Analysis

For more information, visit www.factset.com.

Categories & Use Cases

Media

PM Hub, which simplifies portfolio management with tools for building, analyzing, and simulating trades for multi-asset class portfolios and exposures. Users can monitor positions in real time with customizable views, ensure compliance, and execute trades through its integration. Link IRN data to foster deeper collaboration between research analysts and portfolio managers.

FactSet Internal Research Notes (IRN), which streamlines research with one connected platform. These can be used to organize, share, and analyze everything from market trends to individual securities. Its AI tools help to boost collaboration, enhance workflows, and drive smarter investment decisions.

some of the available information which can used to analyze performance, risk, and attribution across multi-asset portfolios. This integrates portfolio, market, and proprietary data into a single platform to streamline workflows, adapt to market changes, and make confident decisions. From stress testing and scenario analysis to AI-driven insights, FactSet provides tools to strengthen portfolio resilience, uncover drivers of performance, and foster collaboration with customizable reports and data sharing.

a display of all accounts in one personalized dashboard. Viewers can analyze top positions, spot trends with proprietary signals, and track market-moving events. Access summary stats like total market value and asset allocation across an entire book or by household and strategy.

FactSet’s proprietary news, which delivers real-time, focused market insights across regions like the U.S., Canada, Europe, and Asia-Pacific. From stocks to sectors to broad markets, StreetAccount simplifies updates to cut through the clutter. This critical news is available anytime via the Workstation, web, email, app, or API.

one of FactSet's unique datasets, Geographic Revenue (GeoRev), used to quickly understand a company's revenue exposure in countries impacted by geopolitical, macroeconomic, and market risk through a highly structured and normalized display of companies' revenues by geography.

1 / 6

M&A Analysis
The quality and completeness of mergers and acquisitions filings, news, rumors, etc.
Category average: 5.8
Independent Research Access
The ability to access third-party analyses, e.g., Morningstar reports
Category average: 8.2
Macroeconomic News
The quality and completeness of news and information about current macroeconomic events and trends
Category average: 7.6

Search Tools
The quality and effectiveness of tools to help locate specific and relevant information within the platform
Category average: 8.4
Industry-Specific Information
The quality and completeness of industry-specific information, e.g., the progress or success of clinical trials in the pharmaceutical industry
Category average: 7.4
Private Company Data
The ability to access fundamentals, earnings, or other information for companies that are not publicly listed
Category average: 5.3

Joseph Sroka View profile

Chief Investment Officer in Professional Services at NovaPoint Capital (1-10 employees employees)

Use Cases and Deployment Scope

FactSet is a great one-stop application to use for market data, news, research, modeling, and alerts. During the quarterly earnings reporting season, it is a very valuable tool to stay organized and stay informed when multiple companies are reporting earnings on the same day and I need to stay focused on changes that impact investment decision making. It is also a very user-friendly interface whether working at my desktop, a notebook, tablet or my mobile phone.

Pros

Excel Integration
Email alerts
News and market research
Economic data

Cons

Better way to get email news efficiently
More AI driven Excel modeling
Better help desk access

Return on Investment

It is a reasonably good price point compared to competitors
It is very intuitive and user-friendly
It saves me time

Usability

Alternatives Considered

LSEG Eikon

Other Software Used

Orion Practice Management System, Redtail CRM, Microsoft 365

John DArco View profile

Portfolio Manager at Valley National Bank (1001-5000 employees employees)

Use Cases and Deployment Scope

We use FactSet as our main portfolio analytics and report tool, with access to live pricing, benchmarks, and commonly used ratios to report to our advisors and clients/prospective clients about the strategies we manage. In addition, we use FactSet for investment research, earnings reports transcripts and calls, and access to analyst reports.

Pros

Live pricing and portfolio monitoring
Portfolio analytics
Earnings report logging and analyst estimates

Cons

Support turnarounds on new features sometimes backlogged
Occasional connection issues
Confusing file storage system

Return on Investment

We were able to end contracts with a few vendors because FactSet provided everything we need for stock screening, modeling, and analytics directly saving us capital that could be repurposed elsewhere
Having a an all in one system that does everything speeds up training and learning curve for users
Cheaper than main competitor Bloomberg

Usability

Alternatives Considered

Bloomberg Terminal

Other Software Used

SS&C Salentica

Jonathan Wellum

Financial Analyst in Finance and Accounting at ROCKLINC Investment Partners Inc. (1-10 employees employees)

Use Cases and Deployment Scope

FactSet Workstation has provided me with all the essential information I need as an analyst to conduct detailed reports on equity securities. It also allows me to monitor our company holdings in clients’ portfolios with ease of use. By having one place to go, I can keep up-to-date on every equity security and save time from jumping back and forth between a company’s investor relations page and other sources during earnings season.

Pros

Consolidates large financial datasets
Provides historical financial data
Provides real-time price data for most asset classes (equities, bonds, commodities, etc.)

Cons

AI Capabilities, where FactSet Workstation can quickly provide me with information and consolidate information it holds on its platform
Can be difficult to find specific information quickly
FactSet Workstation can be challenging to navigate due to its extensive tools

Return on Investment

FactSet Workstation has certainly cut down the time it takes to search for specific financial metrics such as CAGRs, valuation ratios, and historical financial data.
FactSet Workstation has saved time scouring through conference call transcripts and company fillings

Usability

Alternatives Considered

Quartr, Koyfin and S&P Capital IQ

Other Software Used

Quartr, Microsoft Excel, Morningstar Direct

Verified User

Analyst in Finance and Accounting (10,001+ employees employees)

Use Cases and Deployment Scope

I am a senior equity research analyst and I use it to research stocks.

Pros

Stock quotes
Transcript
Basic background information on a company

Cons

The user interface on stock monitor needs work - sometimes I wish to clone the same fields to another tab/watchlist and it appears the best way to do so is recreate it form scratch
transcript to be more timely and more accurate
on the consensus financial forecast tab, have more segment breakouts like Visible Alpha

Return on Investment

FactSet Workstation is essential to my work - let's just say I use it daily and feel more comfortable having it on in the background
Consensus info and transcripts are the go to feature
Newsflow is a third I use FactSet Workstation for - but would like it more if they provide more details like Visible Alpha

Usability

Alternatives Considered

Bloomberg Terminal and LSEG Eikon

Other Software Used

BlueMatrix, Microsoft 365

Verified User

Vice-President in Finance and Accounting (11-50 employees employees)

Use Cases and Deployment Scope

We use FactSet Workstation as part of our investment research process. It is an easy to navigate UI that streamlines data collection and research-related materials in one place. We also use the Excel functions for financial modeling.

Pros

Easy/clear UI for navigation
Easily find and sort through financial filings to get to the data
Document search functionality seems to be improving consistently with more robust features

Cons

Capital structure and credit analysis features
Better ease of use to navigate charting features
At times the program lags out and previous company will remain locked in when navigating through functions after searching new identifier. Most common in the filings module.

Return on Investment

Better ease of use frees up research time and adds efficiency
Solid customer service when trying to figure out a problem
Document search across multiple companies/sources is a big productivity increaser

Usability

Alternatives Considered

S&P Capital IQ and Bloomberg Terminal

Other Software Used

Microsoft 365, ChatGPT

S&P Capital IQ

Bloomberg Terminal

LSEG Eikon

FactSet Workstation

What is FactSet Workstation?

Categories & Use Cases

Media

Key Features

Top Performing Features

M&A Analysis

Independent Research Access

Macroeconomic News

Areas for Improvement

Search Tools

Industry-Specific Information

Private Company Data

Reviews

Use Cases and Deployment Scope

Pros

Cons

Return on Investment

Usability

Alternatives Considered

Other Software Used

Use Cases and Deployment Scope

Pros

Cons

Return on Investment

Usability

Alternatives Considered

Other Software Used

Use Cases and Deployment Scope

Pros

Cons

Return on Investment

Usability

Alternatives Considered

Other Software Used

Use Cases and Deployment Scope

Pros

Cons

Return on Investment

Usability

Alternatives Considered

Other Software Used

Use Cases and Deployment Scope

Pros

Cons

Return on Investment

Usability

Alternatives Considered

Other Software Used

Related Products