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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 has launched the Morningstar® PitchBook Global Unicorn Indexes™, the first daily benchmarks for unicorn companies, which are privately held firms valued at $1 billion or more. This series includes 11 indexes and leverages PitchBook’s extensive VC data and analytics alongside Morningstar’s indexing practices. The indexes aim to enhance investor access to late-stage venture capital markets. This initiative responds to the growing trend of unicorns, facilitating insights into a previously opaque asset class.
Morningstar, Inc. (MORN) announced its Analyst Ratings for 54 of the largest 529 college-savings plans, which comprise around 93% of the $386 billion in plan assets. The ratings include two Gold, 12 Silver, 20 Bronze, 16 Neutral, and four Negative designations. Six plans were upgraded, while two received downgrades. Despite improvements in the industry, some plans are criticized for high-risk structures and poor glidepath strategies. For details, visit Morningstar.com.
Morningstar, Inc. (MORN) launched Direct Indexing, an investment offering aimed at providing customized portfolios for advisors and their clients. This initiative utilizes Morningstar's extensive research and technology for enhanced personalization and tax efficiency. With 61% of advisors either using or considering direct indexing, the market is projected to grow by 12.4% annually through 2026, outpacing the 11.3% growth of ETFs. The offering will initially be accessible via the Morningstar Wealth Platform.
Morningstar reported a 9.2% revenue growth to $468.2 million in Q3 2022, primarily from license-based products, which surged 19.4%. However, operating income fell 67.6% to $22.0 million, while diluted EPS decreased to ($0.21). The company faced challenges in asset- and transaction-based product areas due to market declines and rising interest rates. Significant operational shifts in China incurred costs of $30.1 million. Despite obstacles, key products like PitchBook and Sustainalytics showed robust growth, indicating potential long-term resilience.
Morningstar, Inc. (Nasdaq: MORN) released its inaugural Global Investor Portfolio Study, analyzing portfolio construction across 14 global markets. The study reveals significant divergence in investor behavior based on local factors like market practices, investment product availability, and regulatory environments. Key findings show that early investors are more risk-tolerant, while conservative portfolios dominate in markets with defined-benefit schemes. The report highlights the prevalence of home-market bias and varying levels of interest in sustainable investing and cryptocurrencies.
The board of directors of Morningstar declared a quarterly dividend of 36 cents per share on October 7, 2022. This dividend will be payable on October 31, 2022, to shareholders of record as of October 18, 2022. Morningstar is a prominent provider of independent investment research, managing approximately $253 billion in assets. The company operates in 29 countries, offering a wide range of financial insights and investment management services.
Morningstar published its sixth annual landscape study on Health Savings Accounts (HSAs) on Sept. 27, 2022. The study reveals a 31% annualized growth rate in HSA assets over the past 15 years. Despite improvements in the industry, only 9% of reviewed HSAs have investment assets, indicating underutilization. Fidelity was recognized as the top provider for both spending and investment accounts. The study also criticized high fees and advocated for better onboarding practices.
Morningstar, Inc. (MORN) will report its Q3 2022 financial results after market close on October 26, 2022. As a leading independent investment research provider, Morningstar offers various services globally, assisting individual investors, financial advisors, and institutional investors. As of June 30, 2022, the company managed approximately $253 billion in assets under advisement. Although the company does not hold analyst calls, investors can send questions via email.
Morningstar, Inc. (Nasdaq: MORN) announced plans to merge its Analyst Rating and Quantitative Rating into a single rating called the Morningstar Medalist Rating, effective in Q2 2023. This new system aims to simplify the investment selection process for investors by providing a unified ratings scale of Gold, Silver, Bronze, Neutral, and Negative, foregoing the previous 'Q' designation for quantitative assessments. Morningstar assures no change to the underlying rating methodologies, which are rooted in the three pillars—People, Process, and Parent—and emphasizes that this transition will enhance the investor experience.
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