Morningstar, Inc.(MORN)- NASDAQ
  • Tue, May 31, 7:35 PM
    • Morningstar (NASDAQ:MORN) has acquired InvestSoft Technology in a move to shore up bond analysis.
    • Terms weren't disclosed. InvestSoft helps firms analyze fixed-income securities and portfolios using its BondPro calculation engine.
    • The company will rebrand InvestSoft's offering under the Morningstar name and gradually integrate it into data processing systems and existing products.
    • InvestSoft founder Al Roitfarb will become head of architecture, fixed income, and CEO Todd Roitfarb will become head of fixed-income products.
    | Tue, May 31, 7:35 PM
  • Thu, Mar. 31, 5:19 PM
    • Morningstar (MORN +0.6%) has acquired RightPond (the d.b.a. of RequiSight LLC), a data provider for defined contribution and defined benefit plans for financial service providers.
    • Terms weren't disclosed. The product reveals gaps, trends, outliers, and risk signals regarding plan performance, fees, capital flow, gatekeeper relationships, and best practices for the various types of plans.
    • Morningstar will offer RightPond on a stand-alone basis until it's integrated into Morningstar Data and Morningstar Direct platforms and rebranded.
    • Now read Morningstar, Inc.: A Value Investor's Delight? »
    | Thu, Mar. 31, 5:19 PM
  • Nov. 2, 2015, 5:53 PM
    • Morningstar (MORN -0.4%) has wrapped its acquisition of Total Rebalance Expert (tRx) from FNA, which it announced early last month.
    • The product is an automated portfolio rebalancing platform for financial advisers.
    • More than 500 advisers from 175 firms use it to rebalance more than $20B in client assets, Morningstar says.
    • Shares are flat in after-hours trading today.
    • Previously: Morningstar acquires Total Rebalance Expert (Oct. 08 2015)
    | Nov. 2, 2015, 5:53 PM
  • Oct. 8, 2015, 4:21 PM
    • Total Rebalance Expert (tRx) was created by Sheryl Rowling in 2008 when she couldn't find an affordable, tax-efficient, easy-to-use tax rebalancing system for her own financial advisory practice.
    • Now more than 500 financial advisors from 175 firms use tRx to rebalance more than $20B in client assets.
    • Earlier this year, Morningstar (NASDAQ:MORN) announced the integration of tRx into Morningstar Office, and - working with tRx team - liked what it saw and decided to buy the company.
    • Terms were not disclosed. The deal is expected to close next month.
    | Oct. 8, 2015, 4:21 PM