Newly formed alliance will introduce powerful and comprehensive,
digital platform for global investment data, research and analytics
CHICAGO/NEW YORK, Oct. 2, 2018 -- Mercer, a global consulting leader in
advancing health, wealth and career, and a wholly owned subsidiary of Marsh
& McLennan Companies (NYSE: MMC), and Morningstar, Inc.
(NASDAQ: MORN), a leading provider of independent investment research,
today announced an alliance to provide investors and advisors with a single
global digital platform for institutional investment manager data,
performance analytics and qualitative research. The new alliance pairs
Mercer’s broad global institutional manager data and research with
Morningstar’s independent research and data spanning open-end mutual funds,
exchange-traded funds, separately managed accounts, and indexes.
“Investors and their advisors do not have comprehensive resources for
institutional strategies research and data. Working together with
Morningstar, we can give investors and their advisors an extensive and deep
view of their opportunity set and costs, empowering them to make better,
overall investing decisions,” said Rich Nuzum, Global President, Mercer’s
wealth business. “We chose to collaborate with Morningstar because they
understand the changing landscape of financial advisors’ needs. Through
this alliance with Morningstar, we will bring a new level of transparency
and insight to the industry and enable advisors and wealth managers to
deliver holistic solutions to their clients.”
Mercer and Morningstar’s collective business intelligence and intellectual
capital represents a robust source of global investment manager data,
performance analytics, qualitative research, strategic research,
information on investor trends, and artificial intelligence applied to fund
data.
“Morningstar has a 35-year history of serving financial professionals in
the pursuit of delivering the best possible outcomes for investors. We’ve
seen how asset management firms, investment consultants, and wealth
managers have struggled to find a comprehensive, forward-looking,
qualitative research solution at the strategy and share-class level,” said
Tricia Rothschild, Chief Product Officer, Morningstar. “We selected Mercer
for this venture to close that gap by developing a global solution that
will help advisors, asset managers, and investment consultants focus
decision-making and create new investment options for the end investor,
driving stronger outcomes.”
Institutional consultants and investors, asset managers, and financial
advisors will be able to access this new global data and research offering
through
Morningstar Direct℠
. Mercer and Morningstar will be mapping research and data on institutional
strategies held within
MercerInsight
to Morningstar Direct, creating a seamless link amongst strategy, vehicle
data and analytics. The new offering will be rolled out by region,
beginning in early 2019 in the United States.
About Mercer
Mercer
delivers advice and technology-driven solutions that help organizations
meet the health, wealth and career needs of a changing workforce. Mercer’s
more than 23,000 employees are based in 44 countries and the firm operates
in over 130 countries. Mercer is a wholly owned subsidiary of Marsh & McLennan Companies (NYSE:
MMC), the leading global professional services firm in the areas of risk,
strategy and people. With nearly 65,000 colleagues and annual revenue over
$14 billion, through its market-leading companies including Marsh,
Guy Carpenter
and Oliver Wyman, Marsh
& McLennan helps clients navigate an increasingly dynamic and complex
environment. For more information, visit www.mercer.com. Follow Mercer on
Twitter @Mercer.
About Morningstar, Inc.
Morningstar, Inc.
is a leading 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 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, and real-time global market data. Morningstar also offers
investment management services through its investment advisory
subsidiaries, with more than $203 billion in assets under advisement and
management as of June 30, 2018. The company has operations in 27 countries.
References above to Morningstar’s independent investment
research/qualitative research is produced by Morningstar Inc.'s
Research Group which consists of various wholly owned subsidiaries of
Morningstar, Inc. including, but not limited to, Morningstar Research
Services LLC.
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Morningstar Media Contact:
Sasha Bigda, +1 312 244-7493 or Sasha.Bigda@morningstar.com
Mercer Media Contact:
Alayna Francis, +44 0207 178 3378 or Alayna.Francis@mercer.com
©2018 Morningstar, Inc. All Rights Reserved.
MORN-P