Morningstar, Inc.

[vc_row content_placement=”top” css=”.vc_custom_1502921076505{margin-top: -15px !important;}”][vc_column][vc_text_separator title=”401 (k) Retirement Plans, Asset Managers, Disruptors, Technology Providers”][/vc_column][/vc_row][vc_row][vc_column width=”2/3″][vc_row_inner][vc_column_inner width=”1/3″][vc_single_image image=”11089″ img_size=”full” alignment=”center”][/vc_column_inner][vc_column_inner width=”2/3″][vc_column_text]Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offers an extensive line of products and services for individual investors, financial advisors, asset managers, retirement plan providers and sponsors, and institutional investors in the private capital markets. Morningstar provides data and research insights on a wide range of investment offerings, including managed investment products, publicly listed companies, private capital markets, and real-time global market data. Morningstar also offers investment management services through its investment advisory subsidiaries, with more than $200 billion in assets under advisement and management as of March 31, 2017. The company has operations in 27 countries.[/vc_column_text][/vc_column_inner][/vc_row_inner][vc_text_separator title=”Initiative” title_align=”separator_align_left”][vc_tta_tour controls_size=”md” active_section=”1″][vc_tta_section title=”401 (k) Retirement Plans (Technology)” tab_id=”1506544248643-6c96b7f4-066e”][vc_cta h2=””]

Morningstar® Plan AdvantageSM

Morningstar® Plan AdvantageSM is a new online platform that helps broker/dealers better manage and grow their small retirement plan business. Broker/dealers can offer the online platform to their generalist advisors to helpthem select a plan provider, an appropriate fund lineup, and monitor and manage those lineups more effectively. The lineups are built and managed byMorningstar Investment Management LLC, a registered investment advisorand subsidiary of Morningstar, Inc., through its 3(38) fiduciary service. The 3(38) service ensures that each plan receives a quality fund lineup while helping the advisor, plan sponsor, and broker/dealer reduce their collective fiduciary risk.

Features:
• Allows generalist advisors to own the plan relationship while reducing their fiduciary risk by outsourcing fund lineup selection and monitoring to an independent third-party.
• Includes a comprehensive reporting suite for advisors to conduct their quarterly plan reviews.
• Allows any plan provider to participate but can be configured to only include those approved by the broker/dealer. Each plan provider is permitted to explain their services, outline unique features, and provide initial pricing.
• Compliance-level insights are captured and shared back with the broker/dealer home office to fulfill their supervisory role. Plan Advantage provides a comprehensive solution to manage small retirement plans. Broker/dealers realize a more efficient way to supervise their advisors, advisors retain the plan relationship while reducing their fiduciary risk, and plan sponsors benefit by offering plan participants a high-quality, diversified lineup and provider services.[/vc_cta][/vc_tta_section][vc_tta_section title=”Asset Managers (Equities)” tab_id=”1506544431695-21696902-23a4″][vc_cta h2=””]

Morningstar® Sector Moat Focus Index Family

Based on its proprietary, independent equity research, Morningstar now offers a family of US, developed market, global, and emerging market Sector Moat Focus Indexes, designed to deliver focused exposure to quality companies at attractive valuations.

Investors have long used equity funds to target specific economic sectors where they see opportunity. But because most sector indexes and funds are market capitalization-weighted, their performance is dominated by existing leaders and subject to the momentum effect. Thus, common sector funds are prone to tempt investors at the wrong time, when the market is already discounting growth in the form of elevated share prices.

For investors looking for a more competitive edge, Morningstar’s Sector Moat Focus Index Family offers broad baskets of the best-positioned and most attractively valued companies within economic sectors through a transparent, rules-based approach. The indexes select stocks that Morningstar’s global team of equity analysts determine to have Economic Moats, or sustainable competitive advantages.

Only stocks with Moats trading at deep discounts to Morningstar’s Fair Value Estimates are included.

In contrast to top-heavy sector indexes, the Moat Focus Family are equally weighted, which affords all constituents the same opportunity to contribute to returns. This Moat and valuation-based approach to equity market investing is a proven formula with a 10-year live track record and more than $1 billion in investor assets. Unlike most smart beta strategies, the Moat Focus approach is forward-looking and selective. Morningstar provides indexes focused on stocks with maximum upside potential at both the sector and regional level. [/vc_cta][/vc_tta_section][vc_tta_section title=”Asset Managers (ETFs)” tab_id=”1506544439054-38a439e6-3729″][vc_cta h2=””]

Morningstar® Sector Moat Focus Index Family

Based on its proprietary, independent equity research, Morningstar now offers a family of U.S.-developed market, global, and emerging market Sector Moat Focus Indexes designed to deliver focused exposure to quality companies at attractive valuations.

Investors have long used equity funds to target specific economic sectors where they see opportunity. But because most sector indexes and funds are market capitalization-weighted, their performance is dominated by existing leaders and subject to the momentum effect. Thus, common sector funds are prone to tempt investors at the wrong time, when the market is already discounting growth in the form of elevated share prices.

For investors looking for a more competitive edge, Morningstar’s Sector Moat Focus Index Family offers broad baskets of the best-positioned and most attractively valued companies within economic
sectors through a transparent, rules-based approach. The indexes select stocks that Morningstar’s global team of equity analysts determine to have Economic Moats, or sustainable competitive advantages. Only stocks with Moats trading at deep discounts to Morningstar’s Fair Value Estimates are included.

In contrast to top-heavy sector indexes, the Moat Focus Family are equally weighted, which affords all constituents the same opportunity to contribute to returns. This Moat and valuation-based approach to equity market investing is a proven formula with a 10-year live track record and more than $1 billion in investor assets. Unlike most smart beta strategies, the Moat Focus approach is forward-looking and selective. Morningstar provides indexes focused on stocks with maximum upside potential at both the sector and regional level.[/vc_cta][/vc_tta_section][vc_tta_section title=”Asset Managers (Product Enhancement Thought Leadership)” tab_id=”1506544441394-2062c418-c8db”][vc_cta h2=””]

Morningstar® Global Risk Model

The Morningstar Global Risk Model helps financial professionals identify the amount of risk in a portfolio and assess what the future may hold for a given stock or portfolio over varying time horizons.

Our model can forecast the amount of risk a stock faces during extreme market events, calculating fat tail risk, value at risk and conditional value at risk, and the probability of negative returns. For the first time, fat-tail expectations can vary stock by stock and fund by fund.

The model’s 36 factor exposures root out underlying revenue drivers to find a stock’s true sources of returns, and they include proprietary factors (such as our Moat Rating and Fair Value estimates) derived from our proven, forward-looking analysis. New data points measure trends in mutual fund manager ownership, allowing users to quantify whether they truly are contrarian.

Our model leverages four distinct exposure types:

Style: Eleven exposures to some popular styles and our own proprietary measures.

Sector: Eleven exposures represent risk sector benchmarks by measuring price sensitivity rather than relying on sector classification.

Region: Seven exposures represent risk to geographic equity markets by measuring price sensitivity rather than relying on region of domicile.

Currency: Seven exposures represent economic risk to the most heavily traded currencies.

New Morningstar capabilities utilize the Global Risk Model for complex calculations, such as Scenario Analysis. Users can determine how a portfolio might react if market shocks like Brexit or the 2008 financial crisis were to reoccur.[/vc_cta][/vc_tta_section][vc_tta_section title=”Asset Managers (SRI)” tab_id=”1506544443717-6ef52d2e-2997″][vc_cta h2=””]

Morningstar® Sustainability Rating™ and Metrics

Sustainably invested assets reached $23 Trillion globally in 2016, according to the GlobalSustainable Investment Review. To support fund selection and research, Morningstar developed the Morningstar Sustainability Rating™ for funds. Based on how well companies held in funds manage their environmental, social, and governance (ESG) risks and opportunities, this innovative rating makes it easier to assess funds’ ESG factors alongside traditional financial metrics. Today, the rating is available for 35,000 open-end, closed-end, exchange-traded, and insurance funds plus separate accounts, an increase of 75% from when the rating was launched in March 2016.

In mid-2016, Morningstar rolled out the ratings and accompanying 50 Metrics to the 250,000 advisors who use its professional platforms: Morningstar® DirectSM, Morningstar® OfficeSM, and Morningstar® Advisor WorkstationSM. Since the rating’s introduction, 93% more advisors screen and conduct research using these sustainability metrics, and the ratings garnered more than 1,500 media mentions, including The Financial Times, Barron’s, and The Wall Street Journal. In addition, Morningstar continues to lead the conversation, with more than 150 articles on sustainable investing.

In April 2017,to provide further transparency for advisors and investors, Morningstar introduced a new Fund Sustainability Report, which provides clear, concise visuals about the elements that contribute to the Sustainability Rating and the top holding contributors. Data feeds also allow advisors to access underlying ESG stock metrics for all fund holdings.[/vc_cta][/vc_tta_section][vc_tta_section title=”Disruptors (Industry)” tab_id=”1506544444710-c6012f39-c722″][vc_cta h2=””]

Morningstar as a Service

Pre-packaged, off-the-shelf software can be limiting to modern financial firms, who prefer to build best-of-breed digital services directly into their own systems, reflecting their own brand and experiential design.

With Morningstar as a Service (MaaS), financial professionals can use our innovative, easy-to consume cloud API technology to elevate the investor experience. Beyond simply powering a firm’s technology stack, MaaS can provide Morningstar’s global data, analytics, and research-driven insights where users need them.

It’s designed to reflect the jobs and experiences that our clients value, whether that’s offering traditional or automated investment advice, collaborating digitally, or meeting other emerging business challenges. For example, Morningstar Portfolio Planner efficiently bundles the calculation services, IP and user-interface elements necessary to create a compliant advice process geared to the best interests of investors.

Available through our developer site (https://developer.morningstar.com), MaaS provides professionals with simple access to Morningstar’s expansive capabilities, from global data, research, and analytics through asset allocation, wealth planning, portfolio construction and market monitoring. Clients can easily leverage the APIs as needed, enabling the flexibility to quickly deliver a rich, intuitive end-client experience.[/vc_cta][/vc_tta_section][vc_tta_section title=”Technology Providers (New Applications Innovation)” tab_id=”1506544248587-3b1ddb2f-2545″][vc_cta h2=”” shape=”square”]

Morningstar® Best Interest Scorecard

The Morningstar® Best Interest Scorecard helps advisors provide clients and prospects a clear view of how their proposals could benefit the investor.

The methodology that powers the Best Interest Scorecard supports a range of proposals, including retirement plan- to -IRA rollovers. It combines ratings and analytics from Morningstar ’ s comprehensive investment database with retirement plan data and aggregation capabilities to offer the most up – to -date, rigorous information we can get on retirement plan fees, lineups, and participant portfolios.

Using the Best Interest Scorecard, advisors can determine , demonstrate, and document:

Investment Quality: Quality and costs of the underlying investments, incorporating forward-looking factors of the Morningstar Manager Research methodology.

Fit to Client: Overall efficiency of the asset allocation relative to Morningstar® Target Risk Indexes and the ability of the plans to deliver a portfolio that matches the client’s      risk profile.

Value of Service: The net benefit of financial planning services provided, dynamically mapped to the investor ’ s needs. Examples include life insurance advice, estate        planning, behavioral coaching, rebalancing and annuity purchase decisions.

Without weighing them explicitly in the scores, the tool also captures and reports other client considerations, such as appreciated employer securities, financial health of the investor and employer, or desire to work with an advisor.

The Best Interest Scorecard will be available in 2017 as an add- on to Morningstar® Advisor Workstation SM , and as a component or via API thereafter. We plan to make it available in the cloud-based versions of Morningstar® Office SM and Morningstar® Direct SM in 2018.[/vc_cta][/vc_tta_section][/vc_tta_tour][vc_text_separator title=”Category Finalists” title_align=”separator_align_left”][vc_row_inner][vc_column_inner width=”1/2″][vc_column_text]401 (k) Retirement Plans: Technology

[/vc_column_text][vc_column_text]Asset Managers (Equities)

[/vc_column_text][vc_column_text]Asset Managers (ETFs)

[/vc_column_text][vc_column_text]Asset Managers (Product Enhancement Thought Leadership)

[/vc_column_text][/vc_column_inner][vc_column_inner width=”1/2″][vc_column_text]Asset Managers (SRI)

[/vc_column_text][vc_column_text]Disruptors (Industry)

[/vc_column_text][vc_column_text]Technology Providers (New Applications Innovation)

[/vc_column_text][/vc_column_inner][/vc_row_inner][/vc_column][vc_column width=”1/3″][vc_text_separator title=”Key Business Leader” title_align=”separator_align_left”][vc_row_inner][vc_column_inner width=”1/2″][vc_column_text]Kunal Kapoor
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