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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, Inc. (MORN) announced its Analyst Ratings for 62 large 529 plans, which hold about $437 billion in assets. The ratings include three Gold, 11 Silver, 18 Bronze, 23 Neutral, and seven Negative. Notable changes include Georgia's Path2College 529 Plan receiving a Silver rating after significant improvements, and Virginia's Invest529 being downgraded from Gold to Bronze following the departure of its investment director. The ratings reflect the increasing competitiveness among 529 plans and the application of an enhanced rating methodology.
Morningstar, Inc. (MORN) reported on October 19, 2021, that U.S. mutual fund and ETF inflows totaled $58 billion for September 2021, the lowest since October 2020. Key points include: passive U.S. equity funds saw inflows of $12.5 billion while active funds had outflows of $20 billion, leading to an overall outflow of $7.4 billion in U.S. equity funds. International equity funds attracted $9.8 billion in inflows, and sustainable funds saw $3.8 billion in September. Taxable bond funds continued to dominate with $40 billion in inflows.
The board of directors of Morningstar, Inc. (Nasdaq: MORN) declared a quarterly dividend of 31.5 cents per share.
This dividend is payable on Oct. 29, 2021 to shareholders who are on record as of Oct. 19, 2021.
Morningstar is recognized for providing independent investment research across multiple regions including North America, Europe, Asia, and Australia, with approximately $251 billion in assets under advisement and management as of June 30, 2021.
Morningstar (MORN) released its fifth annual landscape study on Health Savings Accounts (HSAs), evaluating 11 prominent providers. Fidelity was recognized as the best provider for investors and spenders, with significant improvements noted in fees and investment options over the past year. However, challenges remain with fee transparency and account access. The study highlighted that while average fees are decreasing, they still vary significantly among providers. The HSA market is heavily dominated by Fidelity, Optum, HealthEquity, and HSA Bank, managing over $51 billion in total assets.
Morningstar, Inc. (Nasdaq: MORN) will release its third-quarter 2021 financial results on October 27, 2021, after the market closes. The company does not conduct analyst conference calls but invites investors to submit questions via email. Morningstar is a prominent provider of independent investment research, operating across 29 countries and offering a variety of services to individual investors, financial advisors, and institutional clients. As of June 30, 2021, the company managed approximately $251 billion in assets.
Morningstar (MORN) launched the Due Diligence Module, designed to help financial advisors comply with Client Focused Reforms (CFRs) in Canada by evaluating investment alternatives effectively. A survey indicated that 64% of advisors feel unsupported in navigating these new requirements. The module offers a streamlined workflow for assessing investment options, ensuring compliance with suitability standards. It integrates with existing systems and supports various investment types. Morningstar aims to enhance advisors' confidence and operationalize CFR requirements for better compliance.
Morningstar has announced a new analytics capability in Morningstar Direct, enhancing data analysis with interactive Notebooks. This development aims to provide investors with diverse insights into ownership and performance. Five Notebooks are currently available, with three more datasets expected by the end of 2021, including Portfolio Manager Performance History and Stock Ownership Analysis. Additionally, users will soon pilot the Analytics Lab for custom analytics, leveraging Python data science capabilities. The announcements were made ahead of the annual Morningstar Investment Conference.
Morningstar, Inc. (Nasdaq: MORN) reported U.S. mutual fund and ETF inflows of $103 billion for August 2021, surpassing July's $71 billion but below earlier records. Key highlights include international-equity funds attracting $24 billion, marking their 10th consecutive month of inflows, and year-to-date totals reaching $193 billion. Taxable and municipal-bond funds also gained $47 billion and $11 billion, respectively. Vanguard and iShares led asset gains among fund families with $24 billion and $19.8 billion respectively.
Morningstar, Inc. (MORN) announced significant enhancements to its investment research offerings for model portfolios. The company will double its coverage of model portfolios by the end of 2021, publish its annual report on the model portfolio landscape, and launch the Morningstar Rating for model portfolios. Key findings reveal that approximately $315 billion is managed in model portfolios, with BlackRock leading as the largest provider. New functionalities, such as the 'Model Exchange' in Advisor Workstation, aim to improve investor access to tailored investment strategies.
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