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Margaret Kirch Cohenmargaret.cohen@morningstar.com
BISYS Introduces Morningstar Retirement Manager Program to Help Clients Create Diversified Retirement Strategies

CHICAGO, Jan. 9, 2006 — Morningstar Associates, LLC today announced that BISYS Retirement Services is offering Morningstar Associates’ managed accounts to its retirement plan recordkeeping clients.

“We are thrilled to expand our relationship with BISYS to reach another segment of retirement plan participants—those who want to delegate their investment decisions by using managed accounts,” said Patrick Reinkemeyer, president of Morningstar Associates. “This offering will help BISYS’ institutional partners and their financial advisors provide better retirement outcomes for more clients.” 

In addition to adding managed accounts, BISYS is offering a new version of Morningstar Associates’ advice and guidance services. BISYS has offered an earlier version of Morningstar Associates’ advice and guidance services since July 2002.

BISYS’ retirement plan clients will now have access to Morningstar Associates’ full suite of investment advisory solutions–known as Morningstar® Retirement ManagerSM. These solutions offer:

Managed accounts—personalized portfolio construction, professional investment selection, ongoing monitoring and updates as appropriate for employees who don’t have the time, knowledge or interest in managing their retirement accounts.

Advice and guidance—a wide range of resources, research, and educational support for employees who want to actively manage their accounts. The advice service provides employees with specific recommendations about which investment options to choose and how much to allocate to each option. The guidance service offers employees a proposal for how to choose the proper mix of investments among the categories available to them. 

“This is a natural extension of our retirement plan offering,” said Bob Guillocheau, president of BISYS Retirement Services. “Our goal is to augment and support our institutional partners’ and financial advisors’ services in order to give plan sponsors and their participants access to tools and vehicles that facilitate retirement preparedness. We believe that Morningstar Retirement Manager, including the managed accounts element, can help plan participants more effectively meet their retirement goals.”

About BISYS
The BISYS Group, Inc. (NYSE: BSG) provides outsourcing solutions that enable investment firms, insurance companies, and banks to more efficiently serve their customers, grow their businesses, and respond to evolving regulatory requirements. Its Investment Services group provides administration and distribution services for mutual funds, hedge funds, private equity funds, retirement plans and other investment products. Through its Insurance Services group, BISYS is the nation's largest independent wholesale distributor of life insurance and a leading independent wholesale distributor of commercial property/casualty insurance, long-term care, disability, and annuity products. BISYS' Information Services group provides industry-leading information processing, imaging, and back-office services to banks, insurance companies and corporate clients. Headquartered in New York, BISYS generates more than $1 billion in annual revenues worldwide. Additional information is available at www.bisys.com.

About Morningstar, Inc. and Morningstar Associates, LLC
Morningstar, Inc. (Nasdaq: MORN) is a leading provider of independent investment research. The company offers an extensive line of Internet, software, and print-based products and services for individuals, financial advisors, and institutions around the world. Morningstar provides data on more than 125,000 investment offerings, including stocks, mutual funds, and similar vehicles. Advisory services are offered through Morningstar Associates, LLC, a registered investment advisor and wholly owned subsidiary of Morningstar, Inc. As of Sept. 30, 2005, Morningstar Associates’ retirement services were available to more than 12 million people through approximately 69,000 retirement plan sponsors and 30 plan providers.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
This press release contains forward-looking statements. These statements relate to future events or to future financial performance and involve known and unknown risks, uncertainties, and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance, or achievements expressed or implied by these forward-looking statements.  In some cases, you can identify forward-looking statements by the use of words such as “may,” “could,” “expect,” “intend,” “plan,” “seek,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” or “continue” or the negative of these terms or other comparable terminology.  You should not place undue reliance on forward-looking statements because they involve known and unknown risks, uncertainties and other factors that are, in some cases, beyond our control and that could materially affect actual results, levels of activity, performance, or achievements.
 
Other factors that could materially affect actual results, levels of activity, performance or achievements can be found in Morningstar’s filings with the Securities and Exchange Commission, including Morningstar’s Prospectus filed on May 4, 2005. If any of these risks or uncertainties materialize, or if our underlying assumptions prove to be incorrect, actual results may vary significantly from what we projected.  Any forward-looking statement you read in this press release reflects our current views with respect to future events and is subject to these and other risks, uncertainties, and assumptions relating to our operations, results of operations, growth strategy, and liquidity.  We assume no obligation to publicly update or revise these forward-looking statements for any reason, whether as a result of new information, future events, or otherwise.
 
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© 2006 Morningstar, Inc. All rights reserved.

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