Morningstar has announced it will purchase RightPond, a defined contribution and defined benefit business intelligence provider.

Analytics from RightPond reveal gaps, trends, outliers and risk signals concerning plan performance, fees, capital flow, gatekeeper relationships and best practices for defined benefit and defined contribution plans such as 401(k)s, 403(b)s, public pension funds, foundations, endowments, and health and welfare plans.

Morningstar, a Chicago-based investment research company, plans to keep RightPond as a standalone unit until it can be integrated into the company’s investment analysis platforms. At that time, RightPond will be rebranded under the Morningstar name.

RIghtPond was previously owned by Rocaton Investment Advisors, an institutional advisor based in Norwalk, Conn.

Terms of the purchase were not disclosed.