Morningstar Announces Appointment of James Tanner as Global Head of Business Development and Sales; Scott Cooley to Step Down as

 Morningstar Announces Appointment of James Tanner as Global Head of Business
           Development and Sales; Scott Cooley to Step Down as CFO

PR Newswire

CHICAGO, Jan. 9, 2013

CHICAGO, Jan. 9, 2013 /PRNewswire/ -- Morningstar, Inc. (Nasdaq: MORN), a
leading provider of independent investment research, today announced two
senior management changes. Scott Cooley, chief financial officer, will be
stepping down from his role this year. The company expects him to remain chief
financial officer until Morningstar names a replacement. Cooley, 44, has
served as Morningstar's chief financial officer since 2007. In addition, James
Tanner, 52, has joined Morningstar as global head of business development and
sales.

Joe Mansueto, chairman and chief executive officer of Morningstar, said,
"Scott came to Morningstar as a stock analyst 17 years ago and has held many
leadership roles within the firm. He has done a superb job as CFO. I hate to
see him leave this post, but I understand that he is ready for a new
challenge. Scott is considering several options, including going back to
school to pursue a doctorate or staying with Morningstar in a research
capacity. He's going to take some time to think about the next chapter in his
life, which I hope will include a role at Morningstar."

Mansueto added, "We're thrilled that Jim is joining Morningstar's senior
management team. Jim founded Wall Street on Demand, a very successful company
that was acquired by UK-based Markit two years ago. We've long admired Jim's
customer-centric approach to business. His appointment adds even more
firepower to the strong sales management team we have in place."

"For the last 25 years, I have watched as Morningstar has become a premier
research and information provider," Tanner said. "I am proud and honored to be
given the opportunity to join such an amazing team."

Tanner most recently served as Markit's vice chairman of business development
and before that its head of global distribution. He holds a master's degree in
business administration from Harvard and a bachelor's degree in Russian
language and literature from Haverford College.

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 individuals, financial advisors, and
institutions. Morningstar provides data on more than 385,000 investment
offerings, including stocks, mutual funds, and similar vehicles, along with
real-time global market data on more than 8 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 registered investment advisor subsidiaries and has
approximately $195 billion in assets under advisement and management as of
Sept. 30, 2012. The company has operations in 27 countries.

Caution Concerning Forward-Looking Statements
This press release contains forward-looking statements as that term is used in
the Private Securities Litigation Reform Act of 1995. These statements are
based on our current expectations about future events or future financial
performance. Forward-looking statements by their nature address matters that
are, to different degrees, uncertain, and often contain words such as "may,"
"could," "expect," "intend," "plan," "seek," "anticipate," "believe,"
"estimate," "predict," "potential," or "continue." These statements involve
known and unknown risks and uncertainties that may cause the events we
discussed not to occur or to differ significantly from what we expected. For
us, these risks and uncertainties include, among others, general industry
conditions and competition, including current global financial uncertainty;
the impact of market volatility on revenue from asset-based fees; damage to
our reputation resulting from claims made about possible conflicts of
interest; liability for any losses that result from an actual or claimed
breach of our fiduciary duties; financial services industry consolidation;
liability related to the storage of personal information about our users; a
prolonged outage of our database and network facilities; challenges faced by
our non-U.S. operations; and the availability of free or low-cost investment
information. A more complete description of these risks and uncertainties can
be found in our filings with the Securities and Exchange Commission, including
our Annual Report on Form 10-K for the year ended December 31, 2011. If any of
these risks and uncertainties materialize, our actual future results may vary
significantly from what we expected. We do not undertake to update our
forward-looking statements as a result of new information or future events.

©2013 Morningstar, Inc. All rights reserved.

MORN-C

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

SOURCE Morningstar, Inc.

Website: http://www.morningstar.com