Morningstar, Inc is an American financial services firm headquartered in Chicago, Illinois and was founded by Joe Mansueto in 1984.
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19 Facts About Morningstar Inc
2.
Morningstar Inc was founded in 1984 from his one-bedroom Chicago apartment with an initial investment of US$80,000.
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4.
In July 1999, Morningstar Inc accepted an investment of US$91 million from SoftBank in return for a 20 percent stake in the company.
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5.
In 2010, Morningstar Inc acquired credit rating agency Realpoint and begins offering structured credit ratings and research to institutional investors.
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6.
In 2014, Morningstar acquired ByAllAccounts, Inc, a provider of innovative data aggregation technology for financial applications.
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7.
In 2016, Morningstar Inc acquires remaining ownership of PitchBook Data for approximately $225 million.
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8.
In September 2016, Morningstar Inc announced that it had appointed Kunal Kapoor as chief executive officer, effective January 2017, with Mansueto becoming executive chairman at the same time.
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9.
In 2019, Morningstar Inc to acquire the world's fourth largest credit rating agency DBRS for $669 million.
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10.
In 2020, Morningstar Inc entered into an agreement to acquire Sustainalytics, a research and ratings firm specializing in environmental, social and governance insights.
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11.
That same year, Morningstar Inc agreed to acquire PlanPlus Global, a Canada-based financial planning and risk assessment software company.
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12.
In 2021, Morningstar announced it would acquire the UK and international operations of the Australian wealth management platform Praemium for £35 million.
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13.
Morningstar Inc offers a wide array of products and services to both retail and institutional investors.
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14.
Morningstar Inc Direct is a software platform that provides data and analytics to help professional investment managers craft new products and portfolios.
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15.
Morningstar Inc offers a single end-to-end cloud-based platform for investment advisors, known as Morningstar Inc Office Cloud.
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16.
In 2010, Morningstar Inc acquired Realpoint, LLC, a former division of private-equity giant Capmark Finance and a nationally recognized statistical rating organization.
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17.
On May 29,2019, Morningstar Inc publicly announced its intention to significantly expand the breadth and scope of its ratings business through a $669 million acquisition of DBRS.
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18.
Morningstar Inc is considered powerful in the investment management industry, and the firm's ratings and recommendations often influence a fund's assets under management.
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