Morningstar, Inc. Acquires RightPond, Provider of Defined Contribution and Defined Benefit Business Intelligence for Financial Services Firms

CHICAGO, March 31, 2016 /PRNewswire/ — Morningstar, Inc. (NASDAQ: MORN), a leading provider of independent investment research, has acquired RequiSight, LLC, which does business as RightPond, a provider of business intelligence data and analytics on defined contribution and defined benefit plans for financial services firms. Morningstar acquired RightPond from Rocaton Investment Advisors, LLC, an institutional investment advisor in Norwalk, Connecticut. Terms were not disclosed.

RightPond is a business intelligence and analytics capability that reveals gaps, trends, outliers, and risk signals regarding plan performance, fees, capital flow, gatekeeper relationships, and best practices of defined contribution and defined benefit plans. These plans include corporate retirement plans, including pensions, 403(b)s, and 401(k)s; health and welfare plans; public pension funds; foundations; endowments; and other institutional investors.

Scott Burns, head of asset management solutions for Morningstar, said, “RightPond has a distinct data set and powerful analytics that give institutional investors and advisors

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