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Morningstar, Inc. (Nasdaq: MORN) is a premier American financial services firm based in Chicago, Illinois, founded in 1984 by Joe Mansueto. It is widely recognized for its independent investment research and management services, catering primarily to financial advisers, asset managers, and individual investors.
Core Operations: Morningstar focuses on two primary sectors: data and research. The company offers comprehensive data on a myriad of investment vehicles including mutual funds, stocks, exchange-traded funds (ETFs), closed-end funds, separate accounts, and variable annuities. Additionally, Morningstar tracks real-time market data for equity, derivative, and currency exchanges, providing crucial insights for the financial industry.
Research Insights: The firm's research arm delivers in-depth analyst reports on both passive and active mutual funds, alternative funds, and college saving plans, setting a high standard for accuracy and reliability. With a robust team of analysts, Morningstar ensures that financial professionals and investors have access to detailed, unbiased information.
Recent Achievements: As of September 30, 2023, Morningstar managed approximately $264 billion in assets through its investment advisory subsidiaries. The company has also expanded its influence across 32 countries, emphasizing its commitment to global investment insights.
Current Projects: Morningstar Wealth recently announced the addition of third-party Separately Managed Accounts (SMAs) to its U.S. Wealth Platform. This strategic move, featuring top-tier asset management firms like AllianceBernstein and Putnam Investments, aims to provide advisors with a broader array of investment choices, thereby enhancing the advisor-investor relationship.
Morningstar's dedication to empowering financial advisors and investors is evident from its continuous efforts to innovate and expand its offerings. From real-time global market data to managed portfolios, the company stands out as a leader in the financial services sector.
For more information, visit www.morningstar.com/company or follow Morningstar on X @MorningstarInc.
Morningstar published its Global Investor Experience study focusing on 'Fees and Expenses,' revealing insights from 26 markets. Top grades were awarded to Australia, the Netherlands, and the U.S. for their investor-friendly fees, while Italy and Taiwan received Bottom grades. The report highlights a decline in asset-weighted median expense ratios since 2019, driven by shifts to lower-cost funds and increased transparency in fees. However, many European and Asian markets still exhibit challenges due to high embedded ongoing commissions, misaligned incentives, and limited access to lower-cost funds.
Morningstar, Inc. (MORN) is set to report its first-quarter 2022 financial results after market closure on April 27, 2022. The company does not hold analyst calls, but encourages investors to submit questions via email. With operations spanning 29 countries, Morningstar is a notable provider of independent investment research, offering products and services for various investor categories. As of December 31, 2021, it managed approximately $265 billion in assets. For further details, investors can visit their official site.
Morningstar (MORN) has released its Global Thematic Funds Landscape Report, highlighting significant growth in thematic funds. Assets under management in these funds have surged to $806 billion, tripling over three years. The report notes a record 589 new thematic funds launched in 2021, more than twice the previous year's total. Notably, over half of thematic funds outperformed the Morningstar Global Markets Index in three years, although only one in ten succeeded over 15 years. Europe now dominates the market, holding 55% of assets, while the U.S. share decreased to 21%.
Morningstar, Inc. (Nasdaq: MORN) released its annual Target-Date Strategy Landscape Report, revealing that total assets in target-date strategies reached a record $3.27 trillion at the end of 2021, a nearly 20% increase from the prior year. Notably, net contributions surged by $170 billion, with collective investment trusts (CITs) accounting for 86% of inflows. The report highlights the importance of fees in investor decisions, showing that lower-cost funds attracted $59 billion in new contributions, while expensive options experienced outflows exceeding $38 billion.
Morningstar (Nasdaq: MORN) announced the launch of its Due Diligence Module as part of the Advisor Workstation for Canadian wealth management firms. This module helps advisors comply with the 'Know Your Product' (KYP) requirements under Canada's Client Focused Reforms. By providing a streamlined workflow, the module aids in evaluating various investment options, ensuring advisors can make informed recommendations. Already implemented at major institutions like BMO and Manulife, this solution enhances recordkeeping efficiency and client service.
Morningstar has announced its 34th annual Investment Conference, scheduled for May 16-18, 2022 in Chicago. The event will feature notable speakers including former Ambassador Mike McFaul and Franklin Templeton CEO Jenny Johnson. Topics will cover sustainable investing, digital currencies, and geopolitical risks. Registration costs range from $349 for digital access to $899 for all-access attendance. The conference will also include receptions, with a notable performance by Buddy Guy. More information is available on their official website.
On March 1, 2022, the board of directors of Morningstar, Inc. (MORN) declared a quarterly dividend of 36 cents per share. This dividend will be payable on April 29, 2022 to shareholders on record as of April 1, 2022. Morningstar is a prominent independent investment research provider operating in multiple regions worldwide, including North America and Europe, and manages approximately $265 billion in assets under advisement as of December 31, 2021.
Morningstar Investment Management LLC has launched the Morningstar Center for Retirement and Policy Studies to provide unbiased data and insights aimed at improving U.S. retirement plans. The inaugural report, Retirement Plan Landscape Report, highlights alarming outflows of $4.61 trillion from defined-contribution plans from 2011 to 2020, and significant disparities in investment costs affecting retirement savings. The Center aims to address these issues and enhance overall retirement preparedness.
Morningstar reported strong fourth-quarter revenue, achieving 21.5% growth to $462.2 million. Organic revenue increased by 21.4%. Operating income rose 14.9% to $74.8 million. However, diluted net income per share fell 25.3% to $1.30, affected by previous non-operating gains. For 2021, revenue reached $1.7 billion, up 22.3%, with adjusted diluted net income per share growing 17.8% to $6.36. Strong cash flow was noted, with free cash flow increasing 13.2% to $348.1 million.
Morningstar Investment Management and Hueler Income Solutions are collaborating to integrate guaranteed income products into retirement planning via the Morningstar Retirement Manager. This partnership enables personalized investment advice, facilitating the allocation of retirement portfolios toward annuities as needed. The integration allows real-time quotes and guidance on annuity options tailored to individual investor needs. This initiative aims to address concerns about running out of money in retirement, providing a structured means for investors to secure lifetime income.
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