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Morningstar history
Morningstar company history timeline
1984: Joseph Mansueto established the Mutual Fund Sourcebook Inc.
First-year sales reached $100,000, and doubled to $200,000 in 1985, when the company unveiled its Star Rating system for mutual funds.
In 1986, the name was renamed to Morningstar Inc.
In 1986 Mansueto loaned $200,000 of his own money--and a similar amount from his father--to Morningstar, which used the capital to launch a fortnightly publication called Mutual Fund Values (later re-titled Morningstar Mutual Funds).
By 1992 he had been promoted to publisher of Morningstar Mutual Funds, with a 70-person staff that included 12 analysts.
The Morningstar Mutual Fund 500, an annual publication summarizing 500 carefully selected funds, was unveiled in 1993.
Morningstar's 1994 acquisition of MarketBase added stock coverage to its offerings.
1997: Morningstar established its online presence and set up the “Morningstar.net” website.
The development of Morningstar.net in 1997 ushered in a new era in the company's history, in which the Web played a key role in content distribution.
1997: Morningstar migrates to the World Wide Web with its first Web site, Morningstar.net.
In March 1998, Timothy K. Armour was named Morningstar's chief operating officer.
A monthly individual investment newsletter called Morningstar StockInvestor was introduced in April 1998, with the aim of helping personal investors identify and analyze undervalued stocks.
1998: Morningstar Japan K.K. was created.
Donald Phillips also was named as Morningstar's CEO in 1998.
1998: A joint venture with Tokyo's Softbank results in the formation of Morningstar Japan K.K.
In July 1999, Morningstar accepted an investment of US$91 million from SoftBank in return for a 20 percent stake in the company.
Armour assumed the role of president in 1999, and the company restructured a number of executive responsibilities.
In the December 18, 2000, issue of Mutual Fund Market News, Mansueto cited his desire to put Morningstar on the fast track to profitability by reducing expenses.
2000: Morningstar expanded and established Morningstar Europe, Morningstar Norge AS, Morningstar Asia, and Morningstar Korea.
In 2000 a service for the 401(k) market called Morningstar ClearFuture provided online investment education, guidance, research, and advice to plan participants.
Morningstar's annual revenues reached $91.2 million in 2001.
In August 2004 Morningstar announced a new ranking system that pertained to the governance of mutual funds.
2004: Morningstar began to prepare for its IPO.
In April 2020, Morningstar announced it had reached an agreement to acquire Sustainalytics, a research and rating firm specialized in environmental, social, and governance (ESG) insights.
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Morningstar competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| CME Group | 1848 | $6.1B | 4,500 | 47 |
| The Vanguard Group | 1975 | $6.9B | 17,600 | 268 |
| Citi | 1812 | $74.3B | 210,000 | 1,249 |
| LendingClub | 2006 | $5.1M | 1,384 | 133 |
| DTCC | 1999 | $1.8B | 4,300 | 204 |
| Morgan Stanley | 1935 | $3.0B | 68,097 | 1,328 |
| TransUnion | 1968 | $4.2B | 8,000 | 218 |
| Fiserv | 1984 | $20.5B | 44,000 | 367 |
| Credit Karma | 2007 | $370.0M | 700 | 48 |
| Nasdaq | 1971 | $7.4B | 4,830 | 130 |
Morningstar history FAQs
Zippia gives an in-depth look into the details of Morningstar, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Morningstar. The employee data is based on information from people who have self-reported their past or current employments at Morningstar. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Morningstar. The data presented on this page does not represent the view of Morningstar and its employees or that of Zippia.
Morningstar may also be known as or be related to MORNINGSTAR INC, Morningstar, Morningstar Inc, Morningstar, Inc. and Morningstar, Inc. (Research).