What are the differences between the stand alone version and the Holdem Manager integrated version of the Wizard?

The stand alone version of the Wizard imports hand history files from your hard drive. It displays imported tournaments in the tournament view.

The Holdem Manager integrated version (external link) loads hand histories from the Holdem Manager database. It does not have a tournament view because you can select hands to analyze from the HM hands view. See this video for a demonstration.

When you purchase a SitNGo Wizard license you use it for both the stand alone and integrated versions.