Morningstar enters agreement to acquire PlanPlus Global

Lead Office

Toronto

On March 3, 2020, Morningstar Inc. announced an agreement to acquire PlanPlus Global, a financial-planning and risk-profiling software firm. The transaction is expected to close in the second quarter of 2020.

Morningstar plans to continue offering PlanPlus Global's FinaMetrica Profiler as a stand-alone, risk-profiling tool in global markets where it is offered today and it also sees opportunity to integrate this capability into its existing solutions. Morningstar intends to add PlanPlus Global's financial-planning solution, ProPlanner to its offerings in Canada alongside continued support for its users worldwide.

Morningstar 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, retirement plan providers and sponsors, and institutional investors in the debt and private capital markets.

PlanPlus Global is an investment and financial planning software provider. It offers a validated risk profiling process, a globally scalable financial planning system, and a robust investment tracking tool.

McCarthy Tétrault LLP is advising Morningstar with a team led by Robert Hansen that includes Raj Juneja (Tax), Sean Sadler (Securities), Mark McEwan, Matthew Harris, Matthew Vaughan, Jade Buchanan, Shawn Burns, Hovsep Afarian, Vincent Yip (Business), Matthew Demeo, Alexander Ognibene (Labour and Employment), Deron Waldock (Pensions) and Michael Caldecott (Competition).

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