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Morningstar to Acquire Software Provider PlanPlus Global to Enhance Financial Planning Capabilities
Friday 06 March 2020

6 March 2020 - Chicago, US-based independent investment research company Morningstar, Inc. (NASDAQ: MORN) has reached an agreement to acquire Canadian financial planning and risk profiling software firm PlanPlus Global to expand capabilities for advisors, the company said.

Financial terms were not disclosed, and the transaction is expected to close in 2Q20.

On the heels of Morningstar's acquisition of AdviserLogic in Australia late last year, this is another step to expand Morningstar's financial-planning and risk profiling capabilities for advisors around the globe.

Morningstar said it intends to add PlanPlus Global's financial-planning solution, ProPlanner to its offerings in Canada alongside continued support for its users worldwide.

ProPlanner equips advisors to offer comprehensive advice that aligns the personal circumstances and objectives of each client within the realities of today's financial markets. In Australia, AdviserLogic will remain Morningstar's lead financial-planning offering.

Morningstar, Inc. is a 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 debt and 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, debt securities, and real-time global market data.

PlanPlus Global is an investment and financial planning software provider. It offers the most academically validated risk profiling process, a globally scalable financial planning system, and an investment tracking tool that ensures investors remain suitably invested over time.
Date Published: 06/03/2020
Target: PlanPlus Global
Country: USA
Sector: Computer Software
Type: Corporate acquisition
Status: Agreed
Buyer: Morningstar, Inc
Terms of the deal were not disclosed