Morningstar is an investment research and financial services firm that provides investment analysis, fund ratings, and other professional and investment services. It was founded by Joe Mansueto in 1984 and is headquartered in Chicago, Illinois. Morningstar 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 debt and private capital markets. Its website includes free information on individual funds and stocks, and complete data is available through subscription services and publications starting at $249 for a one-year membership. Morningstar is a respected and reliable source of independent investment analysis for all levels of fund and stock investors, ranging from inexperienced beginners to sophisticated experts. Its data and research provide insights on investment offerings, managed investment products, publicly listed companies, and real-time market data. Morningstar also offers investment management services through its investment advisory subsidiaries, with approximately $246 billion in assets under advisement and management as of Dec. 31, 2022.