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.
The "Crypto Mom" departure would leave the SEC commission with just two members and no Democratic commissioners on the panel.
IFP Securities’ owner, Bill Hamm, has a long-term plan for the firm and its 279 financial advisors.
Meanwhile, a Osaic and Envestnet ink a new adaptive wealthtech partnership to better support the firm's 10,000-plus advisors, and RIA-focused VastAdvisor unveils native integrations with leading CRMs.
A former Alabama investment advisor and ex-Kestra rep has been permanently barred and penalized after clients he promised to protect got caught in a $2.6 million fraud.
As more active strategies get packaged into the ETF wrapper, advisors and investors have to look beyond expense ratios as the benchmark for value.
Wellington explores how multi strategy hedge funds may enhance diversification
As technical expertise becomes increasingly commoditized, advisors who can integrate strategy, relationships, and specialized expertise into a cohesive client experience will define the next era of wealth management
