Morningstar (MORN) has issued an announcement.
On July 24, 2024, the Company shared a significant update with its stakeholders through a Shareholder Letter, detailing the sale of their U.S. turnkey asset management platform to AssetMark, Inc. This pivotal transaction, aimed at transferring client advisory agreements to AssetMark, reflects the Company’s strategic realignment. Additionally, an Updated Q&A was released to address queries regarding the deal. Investors should note that these documents, while informative, are not regulatory filings but are provided for reference. Moreover, the report includes “forward-looking statements” that signal potential future risks and uncertainties in the financial sector, highlighting the dynamic nature of investment and the importance of staying informed through official SEC filings.
For a thorough assessment of MORN stock, go to TipRanks’ Stock Analysis page.
