CHICAGO, March 3, 2015 /PRNewswire/ -- Morningstar, Inc. (NASDAQ: MORN), a leading provider of independent investment research, has named Matt Fellowes, 40, chief innovation officer. Fellowes will also continue to lead HelloWallet, a provider of personalized financial guidance that Morningstar acquired last year.

Joe Mansueto, chairman and CEO of Morningstar, said, "We have a long history of innovation and entrepreneurialism, with products that support more than 10 million investors around the world. Many people are responsible for innovation at Morningstar. Matt's role is to bring it all together by working with our leaders to make sure we're continuing to nurture a culture of innovation, facilitate product idea generation, and swiftly move on promising initiatives.

Fellowes said, "With more investors in the market than at any other point in history, Morningstar's mission to create great products that help investors reach their financial goals has never been more important. We see broad new opportunities in the market from the disruption caused by advancements in data and technology and shifts in consumer behavior and demographics. I'm excited about my new role, which is to help deepen the work we do for existing clients and expand our reach to help even more investors achieve better outcomes."

Before founding HelloWallet in 2009, he was a fellow at The Brookings Institution, a private nonprofit organization devoted to independent research and innovative policy solutions.

Fellowes holds a doctorate in political science from the University of North Carolina at Chapel Hill, a master's degree in public policy from Georgetown University, and a bachelor's degree in political science from St. Lawrence University. He was named one of the 100 Game Changers by The Huffington Post in 2010 and a Tech Titan by the Washingtonian in 2013. That same year, HelloWallet won a Webby for the best financial services software.

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 approximately 500,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 14 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 and had approximately $170 billion in assets under advisement and management as of Dec. 31, 2014. The company has operations in 27 countries.

©2015 Morningstar, Inc. All Rights Reserved.

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Media Contact:
Margaret Kirch Cohen, +1 312-696-6383 or margaret.cohen@morningstar.com

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SOURCE Morningstar, Inc.