| Morningstar Timeline | | | 1984 |  | Joe Mansueto establishes Morningstar in his Chicago apartment |
| |
| 1985 |  | Morningstar Rating for mutual funds debuts |
|  | |
| 1986 |  | Morningstar® Mutual Funds launches |
| |
| 1991 |  | CD-ROM-based Principia® software for advisors launches |  | Paul Rand designs a new logo for Morningstar |
|  | |
| 1992 |  | Morningstar creates the nine-square Morningstar Style Box |  | Morningstar® FundInvestor newsletter debuts |  | Revenue exceeds $10 million |
|  | |
| 1994 |  | I.D. (International Design) Magazine names Morningstar® Mutual Funds binder best package of the year |
|  | |
| 1996 |  | Morningstar category system for mutual funds debuts |
| |
| 1997 |  | Morningstar.com® launches |
| |
| 1998 |  | Tokyo-based Softbank and Morningstar establish a joint venture in Japan |  | Morningstar® StockInvestor newsletter debuts |
| |
| 1999 |  | Morningstar establishes presence in Australia and New Zealand |  | Softbank acquires 20% stake in Morningstar |  | Morningstar expands operations into Canada |  | Revenue exceeds $50 million |
| |
| 2000 |  | Morningstar launches online retirement advice service |  | Morningstar Europe, Morningstar Asia, and Morningstar Korea open |  | Morningstar Japan completes initial public offering on NASDAQ-Japan |
| |
| 2001 |  | Morningstar Direct (formerly Morningstar® DataLab®) debuts |  | Morningstar® Advisor Workstation launches |  | Morningstar® Managed Portfolios launches |  | Morningstar Rating for stocks debuts |
|  | |
| 2002 |  | Morningstar® Indexes debuts |  | Morningstar.com surpasses 100,000 Premium Members |  | Revenue exceeds $100 million |
|  | |
| 2003 |  | Morningstar managed retirement accounts launch |  | Style Box "Ownership Zones" debut |  | Morningstar acquires mPower |  | Morningstar Rating for separate accounts debuts |
|  | |
| 2004 |  | Morningstar begins creating a hedge fund database |  | Morningstar® Advisor Workstation Office Edition launches |  | Morningstar begins providing independent equity research to five investment banks under Global Analyst Research Settlements |  | Fiduciary Grade (now Stewardship Grade) for funds debuts |
| |
| 2005 |  | Morningstar completes auction-style initial public offering |  | Morningstar acquires Finetre's VARDS unit |  | Morningstar introduces Morningstar Rating for load-waived A shares of mutual funds |  | Revenue exceeds $200 million |
|  | |
| 2006 |  | Morningstar completes acquisition of Ibbotson Associates, a privately held firm that specialised in asset allocation services |  | Morningstar Rating for exchange-traded funds debuts |  | Morningstar acquires Aspect Huntley in Australia, a privately held firm with a well-developed Australian equity database, newsletters, and investment magazines |  | Morningstar acquires InvestorForce’s hedge fund and separate account databases |  | Morningstar introduces new investor return data |  | Revenue exceeds $300 million |
| |
| 2007 |  | Morningstar acquires the fund data business from Standard & Poor's |  | Morningstar UK begins providing research and qualitative analysis of UK open-ended investment companies and unit trusts |  | Ibbotson Associates receives patent on its portfolio creation technique based on the concept of human capital |  | Equity option data, educational content, analysis, and volatility indexes become available on Morningstar.com |  | Revenue exceeds $400 million |
| |
| 2008 |  | Morningstar acquires the Hemscott data, media, and investor relations website businesses from Ipreo Holdings LLC |  | Star ratings and indexes for hedge funds debuts |  | Morningstar acquires Financial Computer Support, Inc., provider of dbCAMS+ advisor practice management software |  | Morningstar acquires UK-based Fundamental Data Limited, a leading provider of closed-end fund data |  | Morningstar acquires 10-K Wizard, a leading provider of real-time SEC EDGAR filing research and alert services |  | Morningstar acquires UK-based Tenfore Systems Limited, a global provider of real-time market data and financial data workstations |  | Morningstar acquires InvestData (Proprietary) Limited, a leading provider of fund information in South Africa |  | Morningstar launches qualitative research and ratings for European and Asian mutual funds |
| |
| 2009 |  | Morningstar acquires global financial filings database of Global Reports LLC |  | Morningstar acquires equity research and data business of C.P.M.S. Computerized Portfolio Management Services, Inc. |  | Morningstar acquires Andex Associates, Inc. |  | Morningstar acquires minority equity stake in PitchBook Data |  | Morningstar acquires Logical Information Machines, Inc. |  | Morningstar begins publishing corporate credit ratings |
| |
| 2010 |  | Morningstar invests in Bundle, a social media company dedicated to helping people make smarter spending and saving choices |  | Morningstar acquires Footnoted.org website and Footnoted Pro service of Financial Fineprint, Inc. |  | Morningstar acquires Sydney-based Aegis Equities Research, a leading provider of independent equity research |  | Morningstar acquires London-based Old Broad Street Research Ltd., a premier provider of fund research, ratings, and investment consulting in the United Kingdom |  | Morningstar acquires Realpoint, LLC, a Nationally Recognized Statistical Ratings Organization (NRSRO) that specializes in structured finance |  | Morningstar acquires Seeds Group, a leading provider of investment consulting services and fund research in France |  | Morningstar acquires remaining ownership interest in Morningstar Danmark |  | Morningstar acquires annuity intelligence business of Advanced Sales and Marketing Corp. (ASMC) |  | Morningstar opens offices in Brazil, Chile, Mexico, and Luxembourg |
| |
| 2011 |  | FORTUNE Magazine names Morningstar to its “100 Best Companies to Work For” list |  | Morningstar launches new ETF data points for total cost analysis and ETF managed portfolios database |  | Morningstar launches RMBS ratings and surveillance analytics |  | Morningstar launches Morningstar Analyst Rating for funds and Global Fund Report |  | Morningstar acquires 20% ownership stake in YCharts, a stock research tools and analysis firm |  | Revenue exceeds $600 million |
| |
| 2012 |  | Morningstar invests in HelloWallet |  | Morningstar launches qualitative ratings for UK closed-end funds |  | Morningstar opens an office in Dubai |  | Morningstar begins publishing municipal bond research |  | Morningstar divests footnoted, Australian financial services trade publishing, and Investor Relations Services businesses |  | Morningstar launches qualitative ratings for UK closed-end funds |
| |
| 2013 |  | Morningstar acquires remaining ownership interest in Morningstar Sweden |  | Morningstar expands equity coverage with the introduction of quantitative ratings and reports |  | Morningstar introduces the next generation of Morningstar® Retirement Manager |  | Morningstar launches managed portfolios service in the U.K. and Morningstar® for iPad® |
| |
| 2014 |  | Morningstar acquires ByAllAccounts, Inc. and HelloWallet Holdings, Inc. |  | Morningstar launches Manager Research Services for institutional investors |  | Revenue exceeds $700 million |
| |
| 2015 |  | Morningstar launches Morningstar for Advisors iPad app |
| |
|
| | |