Morningstar's HelloWallet Wins "Best in Show" Award at FinovateFall 2015 Conference

CHICAGO, Sept. 24, 2015 /PRNewswire/ -- Morningstar, Inc. (NASDAQ: MORN) today announced that its HelloWallet unit received a "Best in Show" award at the FinovateFall conference on Sept. 17 in New York City. FinovateFall is an annual conference where select companies have the opportunity to showcase cutting-edge financial services technology in a unique demo-only format. HelloWallet was selected from among 70 other technology companies as having one of the best products with the highest potential industry impact. About 1,500 financial technology executives in attendance select the winners.

HelloWallet presented its suite of financial guidance products, including a Wellness Score, which helps individuals work toward financial goals and see how they stack up against their peers, and its new online retirement planning tool powered by the Morningstar Wealth Forecasting Engine. The new tool combines HelloWallet's expertise in behavioral science with Morningstar's experience in retirement planning and wealth forecasting. With a few simple inputs, users can get answers to key retirement questions, such as when they can retire, when to take Social Security, how much they can spend in retirement, and when they might run out of money.

"We're thrilled to receive this recognition, which is a testament to our team's innovation, design, and execution," Brock Johnson, head of retirement solutions at Morningstar, said. "HelloWallet became a Morningstar company a little over a year ago, and this new retirement planning tool is a great example of the collaboration between our teams. We want to improve the retirement outcomes of individuals and this tool is one way we can help them assess their retirement readiness and understand how the decisions they make about saving, investing, and leaving the workforce affect their financial goals."

About HelloWallet Holdings, Inc.
HelloWallet Holdings, Inc., a wholly owned subsidiary of Morningstar, Inc. (NASDAQ:MORN), works with employers to provide independent, personalized financial guidance to employees through web and mobile-based software applications. Using behavioral and consumer research and analytics, HelloWallet helps employees make the most of their salary and benefits. HelloWallet operates a double bottom line business model: for every five subscriptions sold, HelloWallet donates one subscription to a family in need. HelloWallet is headquartered in Washington, D.C. For more information, visit www.hellowallet.com.

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, and retirement plan providers and sponsors. Morningstar provides data on more than 500,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 16 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries, with more than $180 billion in assets under advisement and management as of June 30, 2015. The company has operations in 27 countries.

©2015 Morningstar, Inc. All Rights Reserved.

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SOURCE Morningstar, Inc.

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