Morningstar Inc. has acquired Moorgate Benchmarks, a privately held London-based global provider of index design, calculation and administration. ETFS Capital provided seed funding to Moorgate Benchmarks in 2019 and had been its sole external investor.
Moorgate has become a wholly owned subsidiary of Chicago-based Morningstar. Its 20 employees, based in the UK and Germany, have joined Morningstar’s index business. Tobias Sproehnle, chief executive at Moorgate Benchmarks, will also become head of Morningstar Indexes in Europe.
Financial terms of the transaction were not disclosed.
Meanwhile, DPL Financial Partners adds two annuity executives and Prime Capital Financial hires a Mid-Atlantic retirement plan consultant
Andrew Komarow pleaded guilty Thursday in federal court in Hartford to defrauding three financial services companies of close to $3.3 million.
Elsewhere, Cetera picks up a $210 million Connecticut team from MML, while Wells Fargo FiNet adds a San Diego family practice from LPL
Celebrity endorsements, $500M in claimed assets, and a state regulator stepping in.
“We needed to become a more agile and efficient organization,” said American Express CEO Stephen Squeri.
Knighthead Life entered the market with a competitive MYGA. A strong launch earned advisor confidence and paved the way for FIAs.
As AI makes financial information more accessible than ever, Lana Hock explains why human judgment, trust, and empathy remain the qualities clients value most in a financial advisor
