MORNINGSTAR INVESTMENT MANAGEMENT LLC

RIASEC RegisteredEst. 1999
Total AUM
$87.8B
Discretionary
$87.8B
100% of AUM
Avg account
$170K
Accounts
515,981
Employees
267
Advisory reps
30

Firm details

Headquarters
CHICAGO, Illinois
CRD number
108031
Registered since
October 18, 1999
Custodians
LINCOLN FINANCIAL DISTRIBUTORS, INC., CHARLES SCHWAB & CO., INC., STATE STREET BANK AND TRUST COMPANY
Fee structure
Percentage of AUM, Fixed Fees, Other
Client types
  • Individuals40.53%
  • Other33.96%
  • Pension & Profit Sharing Plans13.88%
  • Investment Companies7.11%
  • HNWI4.53%
Services
Portfolio Management for IndividualsPortfolio Management for Investment CompaniesPortfolio Management for Pooled Investment VehiclesPortfolio Management for Institutional ClientsPension ConsultingSelection of Other Advisers

Firm profile

FINTRX

Overview

Morningstar Investment Management LLC is an SEC‑registered investment adviser organized as an LLC and operating as a capital allocator for both individual/family and institutional clients. Registered in 1999, the firm offers portfolio management across a range of client types — from individuals and small businesses to pooled vehicles and institutional accounts — and provides pension consulting and adviser‑selection services. It also reports business activity as a CPO/CTA. Fee arrangements include percentage of AUM, fixed fees and other structures. The firm does not identify as an active ESG investor.

Assets & Accounts

Public Holdings

Investments & Alternatives

Location & Offices

Investment profile

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Traditional investments used

Alternative investments used

Active ESG investor

Technology & operations

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CRM & tech providers

TAMPs used

Clients

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Client base

Client personas

Asset composition

Asset composition: Public Funds/Mutual Funds 72%, Private Funds 24%, Cash & Cash Equivalents 4%72%
  • Public Funds/Mutual Funds72%
  • Private Funds24%
  • Cash & Cash Equivalents4%

Owners & executives

2 of 2
  • SARA KASUN-FRETZ

    Chief Compliance OfficerCRD 4904519

  • Daniel Kemp

    Chief Research and Investments OfficerCRD 7788782

Contacts

3 of 28
  • AARON PETERSON

    Regional Sales DirectorCRD 2668394

  • ADAM HERAKOVICH

    Client Service RepresentativeCRD 4779078

  • STEVEN GEIGER

    Regional Sales DirectorCRD 2676157

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Wealth teams

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Newly hired reps

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Recent M&A activity

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Recent filings

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Awards

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ETF holdings

1 of 25

Active vs passive

$708M in ETFs

Passive

96%

$682M

Active

4%

$26.2M

ETFProviderStyleCategoryValueShares% of portfolio
ISHARES US TREASURY BOND ETF (GOVT)BlackRockPassiveIntermediate Government$240M10,483,78233.92%

Location

Primary office

CHICAGO, IL

COOK

Location

CHICAGO, IL

Headquartered in CHICAGO, IL, anchoring the Chicago-Naperville, IL-IN-WI metro in the Midwest.

Metro area
Chicago-Naperville, IL-IN-WI
Region
Midwest
County
COOK
Address
22 W Washington St
Time zone
CT (UTC-6)
Office locations

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Source: FINTRX private wealth data intelligence

Intelligence for Private Wealth