Morningstar, Inc. provides independent investment insights, data, research, indexes, credit ratings, and investment-management services for individual investors, financial advisors, asset managers, retirement providers, institutional clients, and market-data redistributors. News about the company commonly covers financial results, product development across the Morningstar Direct Platform, PitchBook private capital market intelligence, Morningstar Credit and Morningstar DBRS, Morningstar Indexes, and Morningstar Wealth and Retirement.
Recurring updates also include integrations that distribute Morningstar and PitchBook research through external platforms, index launches and rebrands, credit-market research tools, awards tied to manager research, completed acquisitions such as CRSP, dividend actions, and governance matters.
Morningstar (MORN) launched Direct AI, a redesigned version of its flagship investment software platform, now live for global users. The browser-based experience initially includes three task-specific agents: Product Development, Distribution and Manager Research. Morningstar designed them to help investment professionals assess product positioning, evaluate how funds fit into portfolios and review investment strategies.
The agents draw on Morningstar’s data, analytics, research and ratings, with its investment frameworks built into their logic. Alongside Direct AI, Morningstar is making its investment intelligence available through Claude, Microsoft Copilot and ChatGPT, aiming to give users access within their chosen workflows.
Morningstar (MORN) will make its Morningstar Public/Private Select Series available through Envestnet, expanding advisors' access to public and private market portfolios. Availability is expected beginning October 2026 through Envestnet's Fund Strategist Portfolios program.
Developed with Apollo, Franklin Templeton and J.P. Morgan Asset Management, the series combines public and private investments within one portfolio framework. Morningstar Wealth will retain responsibility for asset allocation, investment selection, portfolio construction and ongoing oversight. Envestnet will provide the technology and implementation infrastructure for client accounts.
Morningstar (MORN) released its 2026 advisor study, finding that rising AI adoption has not eliminated pressure on advisors’ time. The share of surveyed advisors reporting no AI use fell from 33% in 2025 to 20% in 2026, and 48% reported significantly or moderately improved daily efficiency. Yet 56% identified administrative or operational work as a top service barrier. Advisors spend 53% of their workweek on clients, versus an ideal 63%. Only 18% rated AI highly reliable for investment recommendations or portfolio decisions.
Private investments are offered by 40% of advisors, up from 35% in 2025. Among those offering them, high satisfaction with manager transparency and reporting fell from 38% to 25%; 46% expect client allocations to increase over the next 12 months. Investment performance remained the most-cited asset-manager relationship value at 45%, down 6 percentage points.
Morningstar (Nasdaq: MORN) plans to relocate its global headquarters to Chicago’s Thompson Center in late 2028, remaining in the Loop. The company plans to occupy more than 275,000 square feet and co-anchor the building with Google. The lease is Chicago’s largest downtown office transaction in 2026 to date.
Morningstar also plans to donate $5 million over five years to Chicago nonprofits starting in 2027. The commitment includes $1 million to the Commercial Club Foundation, paid at $200,000 annually, and $4 million in targeted grants, paid at $800,000 annually. United Way of Metro Chicago will administer the grants through the newly established Morningstar Commitment to Chicago Fund, supporting financial security and career skills advancement. The company currently employs over 1,500 people in Chicago and has been headquartered there for more than 40 years.
PitchBook has been named a 2026 TrustRadius Tech Cares Award winner, recognizing its workplace and community initiatives. The award covers areas including employee well-being, community impact and sustainability. PitchBook offers charitable donation matches and paid volunteer time off; 75% of employees participated in its 2025 Global Volunteer Day. It also earned a 2026 TrustRadius Buyer’s Choice Award and was verified as a Trusted Seller.
Morningstar (MORN) plans to report its third-quarter 2026 financial results after the market closes on Oct. 28, 2026. It does not hold analyst conference calls, but investors may email written questions to investors@morningstar.com.
PitchBook (MORN) announced late-stage company research covering Kalshi and Polymarket on September 24, 2026.
The Kalshi report is available for download. PitchBook said Polymarket coverage will be available September 30. Analyst Franco Granda developed company-specific financial models through 2030 that link trading activity and product mix to fees, operating costs, profits and cash flow. The research also examines valuation estimates under different scenarios, regulatory risks across jurisdictions and each company's business quality.
Morningstar (MORN) has completed the third-quarter reconstitution of the Morningstar Market Indexes, which currently underpin more than $3 trillion in investor assets, including over $2 trillion linked to the Morningstar US Total Market Index.
The update incorporates SpaceX via Morningstar’s “fast-track” IPO methodology; despite a $2 trillion IPO valuation, SpaceX represented about 0.1% of the US Total Market Index at August month-end because of its limited free float. The Morningstar US Micro Cap Index gained nearly 22% year-to-date through Sept. 4, with micro-cap and value stocks outpacing large growth. Market concentration stayed high, with the 10 largest stocks at 35% of index market cap and mega-caps falling to 165. Morningstar platforms will adopt these indexes as category benchmarks in the fourth quarter.
Morningstar (MORN) released its 10th annual Health Savings Account Landscape Report, evaluating 11 leading HSA providers as both spending and long-term investment accounts.
The study finds total HSA assets rose 19% in 2025 with $14.9 billion of net inflows and assets roughly quadrupling since 2009. Fidelity received the only High spending account assessment, while HSA Bank earned a High investment account assessment for the first time. Seven providers now offer brokerage-window access, reflecting lower fees, broader investment options, and a more competitive HSA market.
Morningstar (MORN)/b) declared a quarterly cash dividend of 50 cents per share for shareholders.The dividend matches the amount paid in July and is payable on October 30, 2026 to shareholders of record as of October 2, 2026. The company describes itself as a provider of independent investment insights and reports approximately $375 billion in assets under management and advisement as of June 30, 2026, operating through wholly owned subsidiaries in 32 countries.