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As Morningstar currently derives only 22% of its revenues from products and services for the individual investor, growing the professional side of the ledger is a natural extension of our business, Mansueto said. Institutional business, which includes sub-advisory work, grew an impressive 58% last year, now accounting for more than 50% of revenue.
In addition to this the 51-year-old CEO plans to grow the companys international business even more.