News, Vision & Voice for the Advisory Community


Morningstar makes tough choice in shedding a 'fiduciary' division -- perhaps to avoid a conflict

Once primarily a 'research' firm, now more of a 'data' firm, the Chicago-based firm was discordant selling 15(c) board consulting services and sell data into the same market, say experts

Author Oisin Breen January 9, 2018 at 8:44 PM
no description available
Scott Burns: We're not exiting our participation, we're just changing our role by giving ourselves more access to the process in a different way.







Kunal Kapoor


Scott Burns


Paul Ellenbogen


Dan Cwenar

Stephen Winks

Stephen Winks

January 10, 2018 — 6:38 PM
The level of discernment in Morningstar's exit is very encouraging as it is taking fiduciary responsibility seriously. Now if only Wall Street would do the same. SCW
Stephen winks

Stephen winks

January 11, 2018 — 11:28 PM
Debbie, the entire industry is in transition from transactions to fee for service which is a departure from conventional brokerage which does not make the necessary innovation bad as it is in the best interest of the investing public as required by statute. Scw

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Mentioned in this article:

Morningstar, Inc.
Top Executive: Joe Mansueto

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