Morningstar, Inc.

Morningstar, Inc.
Company type	Public
Traded as	Nasdaq: MORN; S&P 400 component;
Industry	Investment research, Investment management
Founded	1984
Founder	Joe Mansueto
Headquarters	Chicago, Illinois, U.S.
Key people	Joe Mansueto (chairman); Kunal Kapoor (CEO);
Revenue	US$1.870 billion (2022)
Operating income	US$167.8 million (2022)
Net income	US$70.5 million (2022)
AUM	US$295 billion (2023)
Owner	Joe Mansueto (39.7%)
Number of employees	9,556 (2021)
Subsidiaries	MORNINGSTAR JAPAN K.K. (22.1%)
Website	morningstar.com
	Footnotes / references;

Morningstar, Inc. is an American financial services firm headquartered in Chicago, Illinois, and was founded in 1984. It provides an array of investment research and investment management services.

With operations in 29 countries, Morningstar's research and recommendations are considered by financial journalists as influential in the asset management industry, and a positive or negative recommendation from Morningstar analysts can drive money into or away from any given fund.^[3]^[4] Through its asset management division, the firm currently manages over US$295 billion as of March 31, 2023^[update].^[5]

The firm also provides software and data platforms for investment professionals, including "Morningstar Research Portal", "Morningstar Direct" and "Morningstar Advisor Workstation".

^ ^a ^b ^c ^d "Morningstar 2022 Annual Report" (PDF). Morningstar. 31 December 2022. Retrieved 18 November 2023.
^ "Morningstar Press Release" (PDF). Retrieved March 18, 2022.
^ "Dentons UKMEA LLP". Financial Times.
^ Del Guercio, Diane; Tkac, Paula (February 1, 2001). "Star Power: The Effect of Morningstar Ratings on Mutual Fund Flow". Journal of Financial and Quantitative Analysis. 37. doi:10.2139/ssrn.286157. hdl:10419/100799. S2CID 7601862 – via ResearchGate.
^ "Morningstar Latest Quarterly Results: Q1 2022". 27 April 2022.

[AR22-1] "Morningstar 2022 Annual Report" (PDF). Morningstar. 31 December 2022. Retrieved 18 November 2023.

[2] "Morningstar Press Release" (PDF). Retrieved March 18, 2022.

[3] "Dentons UKMEA LLP". Financial Times.

[4] Del Guercio, Diane; Tkac, Paula (February 1, 2001). "Star Power: The Effect of Morningstar Ratings on Mutual Fund Flow". Journal of Financial and Quantitative Analysis. 37. doi:10.2139/ssrn.286157. hdl:10419/100799. S2CID 7601862 – via ResearchGate.

[22q1-5] "Morningstar Latest Quarterly Results: Q1 2022". 27 April 2022.

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Morningstar, Inc.

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