HelloWallet to Deliver Financial Wellness Software to Seagate Employees

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Mar 03, 2015, 11:04 ET

WASHINGTON, March 3, 2015 /PRNewswire/ -- HelloWallet Holdings, Inc., a Morningstar company and expert in employee financial wellness, today announced that it has been selected by Seagate to help its U.S. employees make the most of their salary and benefits and strengthen their overall financial wellness. Beginning in March 2015, Seagate's U.S. employees will have access to HelloWallet's personalized financial wellness products available on both web and mobile devices.

"This relationship is a reflection of Seagate's investment in its people and the importance of holistic financial wellness," John Cleveland, vice president of global compensation and benefits at Seagate, said. "The addition of financial wellness to Seagate's comprehensive employee health benefits, savings programs, and wellness initiatives offers our employees the tools to make more financially sound savings and spending decisions. Using the HelloWallet model, employees will be better able to plan and save for longer-term financial goals such as children's education, saving for retirement, and retiree healthcare through budgeting and debt management."

Using HelloWallet's applications, Seagate employees will be able to monitor their financial goals and have a clear understanding of how they are spending their current income. They will also have access to HelloWallet's personalized budget, wellness score, and guidance, which helps employees prioritize financial decisions and optimize employer-sponsored benefits such as 401(k) plans, health savings accounts, flexible spending accounts, and insurance plans.

Matt Fellowes, founder and CEO of HelloWallet, said, "We are thrilled HelloWallet is working with Seagate to help its workers boost their financial health and look forward to the impact that we will drive together."

About HelloWallet Holdings, Inc.
HelloWallet Holdings, Inc., a financial wellness program provider, partners with employers to provide independent, personalized financial guidance to employees through web and mobile-based software applications. Using behavioral and consumer research and analytics, HelloWallet helps employees make the most of their salary and benefits. HelloWallet operates a double bottom line business model: for every five subscriptions sold, HelloWallet donates one subscription to a family in need through its philanthropic entities. HelloWallet is headquartered in Washington DC and is a wholly owned subsidiary of Morningstar, Inc. For more information, visit www.hellowallet.com.

About Morningstar, Inc.
Morningstar, Inc. (NASDAQ: MORN) 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, and retirement plan providers and sponsors. Morningstar provides data on approximately 500,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 14 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $170 billion in assets under advisement and management as of Dec. 31, 2014. The company has operations in 27 countries.

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Media Contacts:
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SOURCE Morningstar, Inc.