Morningstar, a provider of independent investment research, completed the acquisition of PlanPlus Global, a financial-planning and risk-profiling software firm. Financial terms were not disclosed. "With a 30-year track record, PlanPlus Global's streng­ths in risk profiling and financial planning have been proven to stand the test of time. These capabilities will only become more important as planning grows more central to the value advisors deliver to clients and as the industry puts more focus on ensuring investment plans are best suited for each client's unique goals and circumstances. This is an investment for growth in the financial-planning arena, and we look forward to the rich expertise and long-standing relationships PlanPlus Global employees will bring to the Morningstar family," Scott Mackenzie, Morningstar President and CEO of Canada.