Combined Coverage to Include 5,000 Separate Accounts and More Than 1,000 Managers
CHICAGO and NEW YORK, Sept. 7, 2004 - Morningstar, Inc. and Pensions & Investments today announced that Morningstar has acquired Pensions & Investments’ ePIPER separate account database, creating one of the most comprehensive separate account databases in the industry. Terms of the agreement were not disclosed.
Morningstar expects to add the ePIPER separate account data to its database and products in October. In addition, Morningstar will collect data on behalf of ePIPER and will host the ePIPER Web-based product accessible via www.pionline.com. Pensions & Investments will continue to publish the quarterly PIPER performance results in its print and Web publications, and Morningstar will serve ePIPER’s user base of nearly 600 plan sponsors, consultants, financial planners, and investment managers.
The combined database will include more than 5,000 separate accounts and more than 1,000 managers. Data will cover qualitative information on a firm’s structure, investment strategy, and research philosophy, and quantitative information such as performance, complete portfolio holdings, asset allocation, sector weightings, the Morningstar Style BoxSM, and the Morningstar Ownership ZoneSM.
“We’re delighted to join forces with P&I, one of the premier sources for separate account information. The addition of ePIPER’s institutional separate accounts to Morningstar’s robust retail coverage means richer data for ePIPER subscribers and broader investment coverage in Morningstar products,” said Liz Kirscher, president of data services for Morningstar. “This agreement will allow us to apply our investor-centric methodologies to a broad set of data, and satisfy a critical information need of financial advisors and investment consultants.”
“Advisors and institutions who subscribe to Morningstar and ePIPER products will have access to a powerful array of institutional and retail separate account data,” said Bill Bisson, publisher of Pensions & Investments. “We look forward to bringing our subscribers a broader range of separate account data and functionality, including innovative, proprietary Morningstar statistics.”
The combined separate account data will be integrated into Morningstar’s products for financial advisors, including Morningstar® Advisor WorkstationSM, an online investment planning system, and Morningstar Principia, an investment research and management software program. The data will also be included in Morningstar’s institutional-grade products such as Morningstar® DataLabSM, a Web-based investment research platform, and Licensed DataSM, an electronic data feed that fits seamlessly into an institution’s operations.
Morningstar first began offering separate account data through Morningstar® Principia® Separate Accounts in June 2002. In October 2003, the company introduced the Morningstar Rating for separate accounts and the Flexibility Measure, a tool that helps investors measure the level of customization that each separate account offers.
About Morningstar, Inc.
Morningstar, Inc. is a leading provider of independent investment research in the United States and in major international markets. The company offers an extensive line of Internet, software, and print-based products and services for individuals, financial advisors, and institutional clients. Morningstar tracks more than 100,000 investment offerings, including stocks, mutual funds, and similar vehicles. The company has operations in 16 countries.
About Pensions & Investments
Founded in 1973, Pensions & Investments is the preeminent newspaper for institutional investing and fund management, reporting on news developments that affect the investments and investment strategies of pension funds, endowments, foundations, mutual funds, insurance companies, investment advisors, trust departments and trust companies. Pensions & Investments, a publication of Crain Communications, Inc., reaches a global audience of 180,000 readers.