Morningstar Direct Platform and Morningstar PitchBook are the two operating segments in this category.
Nasdaq-listed Morningstar Inc is an information and services company that primarily provides proprietary data, research and analysis of investment instruments and asset classes for individuals, financial advisors and institutional investors through internet products, software and print. The company’s goal is to empower investors to make informed investment decisions.
Morningstar operates five segments, which can be categorised based on how they generate revenue for the company. The first is licence-based, typically ranging from one to three years, and is accounted for as a subscription service to customers.

