Morningstar CEO Kunal Kapoor, 45, has joined the board of registered investment advisor Wealth Enhancement Group, according to a Tuesday announcement. While Morningstar sells services to advisory firms, this is the first time Kapoor is taking a board seat at an RIA firm. He said he sees it as an opportunity for Morningstar to get direct insight into the blossoming RIA marketplace. From industry consolidation to investor awareness of fiduciary advisors, the RIA space has increased in importance to the independent research and financial services firm.