The American College welcomes wealth management thought leader David Blanchett as adjunct faculty member

The American College welcomes wealth management thought leader David Blanchett as adjunct faculty member

Blanchett to deliver instruction for upcoming wealth management designation, goal-based investing

BRYN MAWR, PA, May 23, 2017 – The American College of Financial Services, the nation's only non-profit, accredited college devoted to financial services, announced today that David Blanchett, PhD, CFA, CLU®, ChFC®, CFP®, head of retirement research for Morningstar Investment Management LLC, will be joining the College faculty as an adjunct professor. A world-renowned thought leader in the fields of wealth management, retirement, and more, Mr. Blanchett will help teach and deliver the College's new Wealth Management Certified Professional® (WMCP®) designation beginning July 1, 2017.

Mr. Blanchett has also helped in the development of the WMCP®, a research-based curriculum that focuses on creating diversified and efficient investment portfolios centered on the long-term goals of the client.

"We are honored to have David join our esteemed faculty this summer. David brings a passion for individual portfolio management that has been essential to our development of the upcoming Wealth Management Certified Professional® designation," said Michael Finke, Dean and Chief Academic Officer at The American College of Financial Services. "David is a thought leader in financial planning research, with a unique ability to translate this research into applied knowledge. This is an opportunity for David to help shape content in wealth management education in the profession, and an exciting addition to our faculty of subject matter experts in financial planning."

Regarding his new role, Mr. Blanchett said, "The American College is where I began my financial services education. I'm excited for the opportunity to join the College and work with the faculty to develop new curriculum to advance the financial services profession and help advisors better serve the needs of investors."

In his role at Morningstar, Mr. Blanchett works to enhance the Investment Management group's consulting and investment services and conducts research primarily in the areas of financial planning, tax planning, annuities, and retirement.

Mr. Blanchett's research has been published in a variety of industry and academic journals and has been recognized with a number of awards, most recently the Journal of Financial Planning's 2014 and 2015 Montgomery-Warschauer Award and the Financial Analysts Journal's 2015 Graham and Dodd Scroll Award.

Mr. Blanchett holds a master's degree in financial services from the American College of Financial Services, a master's degree in business administration from the University of Chicago Booth School of Business, and a doctorate in personal financial planning from Texas Tech University.

# # #

About The American College of Financial Services

The American College of Financial Services was founded in 1927 and is the nation's largest non-profit educational institution devoted to financial services. Holding the highest level of academic accreditation, the College has educated one in five financial advisors across the United States and offers prestigious financial planning designations such as the Retirement Income Certified Professional (RICP®), Chartered Life Underwriter (CLU®), Chartered Financial Consultant (ChFC®) and the Certified Financial Planner (CFP®). It recently approved conferral of PhD degrees to the first class of graduates of that program. The American College's faculty represents some of the financial services industry's foremost thought leaders. For more information, visit TheAmericanCollege.edu.

About Morningstar, Inc.

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offers an extensive line of products and services for individual investors, financial advisors, asset managers, retirement plan providers and sponsors, and institutional investors in the private capital markets. Morningstar provides data and research insights on a wide range of investment offerings, including managed investment products, publicly listed companies, private capital markets, and real-time global market data. Morningstar also offers investment management services through its investment advisory subsidiaries, with more than $200 billion in assets under advisement and management as of March 31, 2017. The company has operations in 27 countries.

About Morningstar Investment Management LLC

Morningstar's Investment Management group creates custom investment solutions that combine award-winning research and global resources with proprietary Morningstar data. With more than $200 billion in assets under advisement and management as of March 31, 2017, the Investment Management group provides comprehensive retirement, investment advisory, and portfolio management services for financial institutions, and financial advisers. Morningstar's Investment Management group includes Morningstar's various registered investment advisory and licensed advisory entities around the world. Morningstar Investment Management LLC is a registered investment adviser and subsidiary of Morningstar, Inc, and provides advisory services in the United States.