Morningstar chief steps down
Morningstar’s chief executive Andrew Bird is stepping down at the end of March to take on an advisory role.
Bird joined Morningstar in 2006 following the research company’s acquisition of Aspect Huntley, which he had founded in 2003.
Bird led the integration process of the two companies and said that now that has been achieved he would like to pay more attention to interests outside of Morningstar. One of those interests is family investment firm, Waimarie Investments, which was formed in 2006. The firm has a focus on private equity and early stage investments in technology and information businesses.
Morningstar stated it is on the lookout for Bird’s replacement.
Recommended for you
The FSCP has announced its latest verdict, suspending an adviser’s registration for failing to comply with his obligations when providing advice to three clients.
Having sold Madison to Infocus earlier this year, Clime has now set up a new financial advice licensee with eight advisers.
With licensees such as Insignia looking to AI for advice efficiencies, they are being urged to write clear AI policies as soon as possible to prevent a “Wild West” of providers being used by their practices.
Iress has revealed the number of clients per adviser that top advice firms serve, as well as how many client meetings they conduct each week.
