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Overview: Morningstar is a leading financial information services and research firm based in Chicago. Founded in 1984 to track mutual fund performance, its leading products now include:

  • Equity, mutual fund and ETF research, ratings and picks
  • Portfolio tools
  • Option, hedge fund, IRA, 401(k) and 529 plan research
  • Investment consulting
  • Asset management services
  • Financial magazines Inc. and Fast Company
  • Credit ratings

Morningstar has made a number of significant acquisitions, the most notable of which is Ibbotson Associates, a firm that specializes in asset allocation services.

Job Openings: See this list of current job openings.

Size: Morningstar reports these figures as of September 30, 2008:

  • Operations in 18 countries
  • Provides data on over 280,000 investment offerings
  • Serves over 6.1 million individual investors
  • Serves over 240,000 financial advisors
  • Serves over 2,400 institutional clients
  • Employees = 2,250

Positives: Morningstar is a leader in its field, a highly-respected provider of financial information and analysis. Even after eliminating the effect of acquisitions, the company is experiencing solid growth in revenues and net income.

Negatives: Morningstar has been a public company only since 2005. Founding CEO Joe Mansueto remains in charge, with his ownership stake (just over 60%) valued at approximately $4.5 billion. Born in 1956, he probably will head the company for many more years. While media reports about him are generally positive (he is often referred to as “the quiet billionaire”), founder-managed companies like this sometimes can be autocratic environments.

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