Morningstar, Inc.
Morningstar, Inc. is a leading provider of independent investment research and data services. Founded in 1984 by Joe Mansueto, the company has grown from a small mutual fund rating publication to a global financial services firm with operations in 29 countries.
Company Overview
Morningstar provides data on approximately 621,000 investment offerings, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals. The company has operations in 29 countries and serves both individual and institutional investors.
Key Facts
- Founded:1984
- Headquarters:Chicago, Illinois
- Employees:~11,000
- Revenue (2022):$1.87 billion
- CEO:Kunal Kapoor
Company History
Joe Mansueto founded Morningstar in 1984 with the goal of providing accessible investment research to individual investors. The company's first product was a print publication called Mutual Fund Sourcebook, which contained performance data and analysis for 400 mutual funds.
Over the decades, Morningstar has expanded its offerings through both organic growth and strategic acquisitions. Key acquisitions include:
- Ibbotson Associates (2006) - Asset allocation research
- PitchBook (2016) - Private market data
- Sustainalytics (2020) - ESG research and ratings
- DBRS (2019) - Credit ratings agency