Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Morningstar Shows HelloWallet the Money  Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, January 30, 2012

Morningstar Shows HelloWallet the Money

News summary by MFWire's editors

Morningstar Inc. upped its stake in HelloWallet LLC, a company that tracks employee's retirement savings, to 15 percent thanks to its $6.75 million infusion into the company, reports Crain's Chicago Business.

Morningstar was part of a group -- including Revolution Ventures, Grotech Ventures, the Telecommunications Development Fund and other new investors -- which invested a total of $12 million into the Washington-based company. HelloWallet reportedly plans to use the money to expand its client base and move to a larger Washington office in May.

In a statement, Brock Johnson, head of Morningstar's retirement solutions, said "HelloWallet offers a unique service, based on behavioral theory, that we haven't seen anywhere else in the market." 

Edited by: HFD


Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use