Morningstar, Inc. is a global financial services firm headquartered in Chicago, Illinois, United States. It provides an array of investment-research and investment-management services. Joe Mansueto founded Morningstar in 1984.Morningstar's research and recommendations are considered by financial journalists as extremely influential in the asset-management industry, and a positive or negative recommendation from Morningstar analysts can drive billions of dollars into or away from any given fund.[ Through its asset-management division, the firm currently manages over $200 billion as of March 31, 2019