In September 2016, Morningstar announced that it had appointed Kunal Kapoor as chief executive officer, effective January 2017, with Mansueto becoming executive chairman at the same time. In 2019, Morningstar to acquire the world's fourth largest credit rating agency DBRS for $669 million. After the acquisition, DBRS merged with Morningstar’s credit rating business。 In 2020, Morningstar entered into an agreement to acquire Sustainalytics, a research and ratings firm specializing in environmental, social and governance (ESG) insights. That same year, Morningstar agreed to acquire PlanPlus Global, a Canada-based financial planning and risk assessment software company. In 2021, Morningstar announced it would acquire the UK and international (including Jersey, Hong Kong and Dubai) operations of the Australian wealth management platform Praemium (ASX: PPS) for £35 million. In 2022, Morningstar announced that it will acquire the S&P Global-owned Leveraged Commentary & Data (LCD), a company specializing in leveraged loan market data, for $600 million up to $650 million. Products and services Morningstar offers a wide array of products and services to both retail and institutional investors. Morningstar Investment Management Through its investment management subsidiary, Morningstar currently has over US$265 billion in assets under advisement and management. Morningstar Direct Morningstar Direct is a software platform that provides data and analytics to help professional investment managers craft new products and portfolios. Morningstar Office Cloud Morningstar offers a single end-to-end cloud-based platform for investment advisors, known as Morningstar Office Cloud. The software allows financial advisors to manage their practice, gain access to data and research, analyze investments, and connect with investors. Morningstar Premium The firm offers retail and individual investors with access to news, research, and stock, bond, and mutual fund analysis through its 'Morningstar Premium' subscription product. Credit Ratings (NRSRO) In 2010, Morningstar acquired Realpoint, LLC, a former division of private-equity giant Capmark Finance and a nationally recognized statistical rating organization (NRSRO). The firm was rebranded as Morningstar Credit Ratings and competes with S&P, Moody's Investors Service, Fitch Ratings and similar Wall Street firms to provide research and ratings of structured debt products, including mortgage-backed securities and asset-backed securities. Today, Morningstar Credit Ratings issues credit ratings on both structured financial products (CMBS, RMBS, CLOs) and corporate/financial institutions. On May 29, 2019, Morningstar publicly announced its intention to significantly expand the breadth and scope of its ratings business through a $669 million acquisition of DBRS. Morningstar Research Portal In 2022, Morningstar launched its newest research platform