Morningstar takes a big stake in a startup gunning to be the Bloomberg for RIAs
Flush with $8 million in VC dollars, YCharts is betting that its data feed and content can challenge the Bloomberg behemoth by filling a hole for wealth and hedge fund managers
Related Moves
Jeff Mello is latest to join eMoney's talent exodus but CEO Ed O'Brien says it's healthy renewal at a firm that added several hundred people since Fidelity bought it
The ex-Goldman Sachs director of strategy and planning at eMoney joins a growing list of departures exacerbated, sources say, by Fidelity putting a wobbly performance reporting software project -- and staff -- on its plate
February 28, 2020 at 11:09 PM
Pete Giza and Damon Deru go for Holy Grail of portfolio rebalancing with software that shuffles stocks, bonds... and asset classes; Believe it?
The RedBlack and TradeWarrior executives see old systems as 'archaic' yet know that the Black Diamonds, Morningstars, Orions and Tamaracs see rebalancing as a loss leader
June 11, 2019 at 9:49 PM
361 Capital has eight-year asset rise from $100 million to $1.7 billion then makes two people moves after net inflows slow to trickle
The liquid alts provider is a beneficiary of referrals from Lovell Minnick, which owns a stake, but will need to apply 'elbow grease' to marketing to keep pace with redemptions and the law of large numbers
November 27, 2018 at 6:10 PM
AppCrown, LLC
Outsourcer, CRM Software, Tech: Other
Top Executive: Ted Tsung
Morningstar, Inc.
TAMP
Top Executive: Joe Mansueto
YCharts
Data and ratings for RIAs
Top Executive: Sean Brown
Aaron Klein
Congrats to Team YCharts! Great team and great product. I’ll “take the other side of that trade” vis-a-vis Bloomberg…there is a great chance that a disruptive startup can build a better product at a lower price and knock the cover off the ball when competing with a high priced quasi-monopoly.
pointsnfigures
not sure if using Bloomberg is an appropriate benchmark. Bloomberg will still be around in 8 years, and their interface is clunky and expensive. Ycharts is incredibly versatile, flexible and saves big time money for research. Ycharts is expanding the pie-making the entire research space accessible and bigger for everyone. Prior to Ycharts getting good research was a walled garden.
not_just_bloomberg
Bloomberg has $8 billion in revenue and dominates the high-end and will dominate that for as long as the eye can see. “80% chance”? — ha, 100% chance — its $8 billion ahead. There are a number of other firms with revenue far below Bloomberg —- and far far above YCharts that are formidable, focused competitors with good architectures and large dev teams and customer support infrastructures. 2 examples are Factset and S&P Capital IQ. Both are moving downstream to lower price points.
Ycharts competition is not Bloomberg. It is laughable to start a company and then compare it to Bloomberg. Why not just start a search engine and say you are the Google of search for RIAs….
Brooke Southall
Not-Just,
Good points about Factset and S&P Capital IQ…helpful for the reader to know about those. Thank you.
As journalists we tend to err in comparing to companies that we feel certain readers know about so they can orient themselves to the context — even if we’re comparing miniature oranges to maxi-grapefruits.
Brooke
Ruven77
With all due respect to Not-Just, there’s not 'Got’cha’ here, and the author has no reason genuflect. Both FactSet and CapIQ are priced as high or nearly so as Bloomberg. While they may have reached downmarket in their respective feature sets from Bloomberg, they have not targeted sub-enterprise target markets in pricing. Further, while they may have newer tech than Bloomberg the cost of doing so will severely impact their bottom line.
I’m betting on lean, mean, hungry and responsive to customer needs.
YCharts is designed for those of us in the financial industry who did not get TARP money.
