Morningstar Inc. has acquired RequiSight LLC, a provider of business intelligence data and other information on defined contribution plans and defined benefit plans for financial services firms, said Nadine Youssef, a spokeswoman for Morningstar.
RequiSight, which does business as RightPond, was acquired from Rocaton Investment Advisors. Terms were not disclosed.
“RightPond has a distinct data set and powerful analytics that give institutional investors and advisers a unique way to gather data on where investors in retirement plans are investing their money,” said Scott Burns, Morningstar’s head of asset management solutions, in a news release Thursday.
By adding RightPond to Morningstar, “we’re creating a more complete view of the investment landscape to connect investors with advisers, consultants and asset managers,” he added.
Morningstar will offer RightPond as a stand-alone capability until it is integrated into Morningstar Data and Morningstar DirectSM, the investment analysis platform for institutions and advisers, the news release said. In the future, RightPond will be rebranded under the Morningstar name.