Morningstar's Tricia Rothschild resigning after 26 years

Morningstar's Tricia Rothschild resigning after 26 years
The firm said the chief product officer's decision to leave was hers alone and not the result of a change in strategy
NOV 12, 2019
Morningstar chief product officer Tricia Rothschild is leaving the company after 26 years. Since 2017, Ms. Rothschild has been responsible for Morningstar's strategy, innovation and product development. Ms. Rothschild oversaw several new products and improvements at Morningstar, including a new version of Morningstar Direct tailored to wealth management professionals. [Recommended video: Tricia Rothschild: Digitization will require clients to be comfortable sharing data] Ms. Rothschild told InvestmentNews she was leaving to explore other opportunities that build on her career at Morningstar. "The timing is good for both me and Morningstar, in that our leadership team is strong and I am proud of the work we have done over the past three years as Kunal [Kapoor] transitioned into the CEO role," Ms. Rothschild said in an email. "I am now ready to evaluate my next move and am looking forward to seeing continued success from my Morningstar colleagues!" Morningstar confirmed that Ms. Rothschild's last day will be Dec. 31. "In her 26 years with Morningstar, Tricia has built a strong leadership team and an innovative business with an enduring impact on investor success. We look forward to celebrating her achievements before she departs at the end of the year," Morningstar media relations manager Sarah Wirth said in a statement. Ms. Wirth said the decision to leave was Ms. Rothschild's and not the result of a change of direction or strategy for Morningstar. Ms. Rothschild started at Morningstar in 1993 as a fund analyst and later become the international editor of Morningstar Mutual Funds. Over the years, Ms. Rothschild created the firm's initial 529 college-savings plan database and corresponding adviser tools, served as the e-commerce manager of Morningstar.com and developed the company's equity research business, according to Morningstar's website. Before her current role, Ms. Rothschild was head of global adviser solutions, guiding the firm's wealth management and online brokerage business. [More: Product chief at Morningstar talks adviser technology and the holy grail of financial advice]

Latest News

No succession plan? No worries. Just practice in place
No succession plan? No worries. Just practice in place

While industry statistics pointing to a succession crisis can cause alarm, advisor-owners should be free to consider a middle path between staying solo and catching the surging wave of M&A.

Research highlights growing need for personalized retirement solutions as investors age
Research highlights growing need for personalized retirement solutions as investors age

New joint research by T. Rowe Price, MIT, and Stanford University finds more diverse asset allocations among older participants.

Advisor moves: RIA Farther hails Q2 recruiting record, Raymond James nabs $300M team from Edward Jones
Advisor moves: RIA Farther hails Q2 recruiting record, Raymond James nabs $300M team from Edward Jones

With its asset pipeline bursting past $13 billion, Farther is looking to build more momentum with three new managing directors.

Insured Retirement Institute urges Labor Department to retain annuity safe harbor
Insured Retirement Institute urges Labor Department to retain annuity safe harbor

A Department of Labor proposal to scrap a regulatory provision under ERISA could create uncertainty for fiduciaries, the trade association argues.

LPL Financial sticking to its guns with retaining 90% of Commonwealth's financial advisors
LPL Financial sticking to its guns with retaining 90% of Commonwealth's financial advisors

"We continue to feel confident about our ability to capture 90%," LPL CEO Rich Steinmeier told analysts during the firm's 2nd quarter earnings call.

SPONSORED How advisors can build for high-net-worth complexity

Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.

SPONSORED RILAs bring stability, growth during volatile markets

Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.