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The name Morningstar is taken from the last sentence in Walden, a book by Henry David Thoreau; "the sun is but a morning star". [8] [9] In July 1999, Morningstar accepted an investment of US$91 million from SoftBank in return for a 20 percent stake in the company. The two companies had formed a joint venture in Japan the previous year.
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Unlike mutual funds, RIAs may not report their overall performance, since they represent a varied number of clients and investment objectives. However, when they do report data such as performance, such advertising is required to be factual and not misleading. [24] Some asset managers charge a fixed fee, but about 95% charge as a percent of AUM ...
Ria Money Transfer, 2007, a global money transfer company with a network of agents and company-owned stores in North America, the Caribbean, Europe and Asia. [28] In June 2015, Ria entered the Middle East remittance market with the buyout of money transfer provider, IME. [14] Pure Commerce, 2013, giving it access to a suite of SaaS based ...