Morningstar, Inc. provides independent investment research services in North America, Europe, Australia, and Asia. The company provides data on approximately 500,000 investment offerings, including stocks, mutual funds, and similar vehicles; and real-time global market data on approximately 15 million equities, indexes, futures, options, commodities, and precious metals. It offers Morningstar Data, an investment data spanning various investment databases, including real-time pricing and commodity data; Morningstar Advisor Workstation, a Web-based investment planning system; Morningstar Direct, an institutional investment research platform; and Morningstar.com, a Website for individual investors. The company also provides retirement solutions to plan and invest for retirement; institutional investment advisory and management services; Morningstar Enterprise Components, a set of tools and capabilities that builds customized Websites or enhances existing solutions; and Morningstar Managed Portfolios, a discretionary asset management service. In addition, it offers equity and manager research services; ratings and analysis for structured credits; Morningstar Indexes, a set of investment indexes; Morningstar investment profiles, a pre-made or custom-generated investment fact sheets for investor communications; and Morningstar Commodity Data, a market data and analytical product. Further, the company offers ByAllAccounts, which provides data aggregation technology for financial applications; Morningstar Enterprise Data Management, a customized data aggregation and performance reporting solution; market data and desktop, and investment software; print and online publications; and investment conferences services. It serves financial advisors, asset management firms, retirement plan providers and sponsors, and individual investors. The company was founded in 1984 and is headquartered in Chicago, Illinois.