Provides information on mutual funds, stocks and other investments.
225 West Wacker Dr.
Chicago, IL 60606
CEO: Joe Mansueto
Stock Symbol: MORN
Morningstar is a leading provider of independent investment research. Morningstar provides data on approximately 370,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 4 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. It has operations in 26 countries.
The company offers an extensive line of Internet, software, and print-based products and services for individuals, financial advisors, and institutions.
In 2009, Morningstar reported revenues of $478.9 million and net income of $82.4 million.
Joe Mansueto founded Morningstar in his
Chicago apartment in 1984. There was enormous growth in mutual
funds in the 1980s but Mansueto found that individual investors
could not easily find information about fund performance. By
providing useful, informative mutual fund analysis and commentary
to the individual investor, Morningstar emerged as a leading
source of investment information. The company's first product,
The Mutual Fund Sourcebook, made its debut in 1984 and
was a quarterly comprehensive collection of mutual fund data,
priced to be affordable for individual investors.
The Morningstar ratings for mutal funds
made its debut in 1985.
The company launched its website in 1997
and went public in May, 2005.
Medical and Dental Plans
Morningstar offers medical, dental, and vision coverage to employees
and their families. Morningstar's benefits philosophy is to provide
access to excellent health care while maintaining low out-of-pocket
Flexible Spending Accounts
To help you manage your out-of-pocket costs, we also offer health
care and dependent care flexible spending accounts. We even match
the first $100 of your contributions to these accounts.
While salary is an integral part of each employee's compensation,
Morningstar believes that short- and long-term rewards are also
meaningful methods of recognizing your efforts. Morningstar's
bonus plan rewards both individual and collaborative contributions
to Morningstar's financial success. The stock option plan is
another means of engendering a long-term commitment and entrepreneurial
spirit at Morningstar.
Our financial incentives are geared not only to reward you while
at Morningstar, but also when you retire. Our 401(k) plan offers
you a retirement vehicle, allowing you to allocate pretax dollars
directly from your paycheck into a portfolio of mutual funds
and a money market account. You choose how much is allocated
to your selection of funds. Our vesting schedule and match are
aggressive-you are 100% vested after only two years of employment
and Morningstar matches your deferral up to 7%, dollar for dollar.
Balancing work and personal obligations is a challenge and Morningstar
provides you with three tools-vacation, sabbatical and leave-to
maintain the delicate balance. Morningstar does not adhere to
a "use it or lose it!" vacation philosophy. Instead,
the amount of time you take off is up to you. We do encourage
you, however, to take a minimum of three weeks off per year.
When you take a vacation, it is your responsibility to make sure
your work is handled in your absence by discussing your plans
with your manager and co-workers.
Sabbaticals, usually a benefit reserved for tenured college professors,
are one of the most touted benefits of working at Morningstar.
Every four years, you are granted a six-week paid leave to explore,
experiment, and experience. What you do is up to you. We view
the sabbatical program as a way of saying thanks for helping
us grow, and as a way to help you grow.
Morningstar is committed to the personal and professional development
of all of its employees. We encourage lifelong learning through
an annual educational stipend that you choose how to spend. We
also subsidize and reward employees who pursue a CFA, CFP, or
career-related designations. For employees in degree programs,
Morningstar covers 80% of tuition, books, and lab fees.
In addition to our core commitment to your personal well-being
and professional success, Morningstar has developed dozens of
smaller, but significant perks. We firmly believe that the "little
things" count as well. Our perks include:
- Casual dress every day
- Open, egalitarian environment
- Free beverages
- Free bagels every Wednesday
- Holiday and summer parties
- Excursions to ball games, parks, and other summer activities
- At-cost subscription to products for family members
- Employer-sponsored backup childcare services
- Employee discounts at selected merchants and retailers
- Tax-free purchases of mass transit passes and public parking
Updated January 1, 2011