Morningstar Investment Management LLC is an SEC registered investment adviser organized as a limited liability company with a primary office location in Chicago, IL. Its latest Form ADV filing, dated March 27, 2026, reports $87.8B in regulatory assets under management, 267 employees, 40 offices, and 515,981 accounts.
Assets Under Management
$87.8B
Employees
267
Offices
40 offices
Total Clients
515,981
Primary office
CHICAGO, IL
22 WEST WASHINGTON STREET, CHICAGO, IL, United States
Portfolio management for individuals and small businesses
Fee models offered
3 types reported
Asset based fees
Fixed fees
Other fee arrangements
Sources checked May 13, 2026
Client Coverage Demographics
Top client segmentIndividuals represent 99.4% of total clients.
Top client categories% of clientsClients
1
Individuals
99.4%
512,688
2
HNWI
0.6%
3,271
Additional categories (<0.1%)
PLAN SERVICE PROVIDERS15 clients
Investment Cos.<5 clients
Pension Plans<5 clients
Pooled Investment Vehicles<5 clients
Regulatory Assets Under Management Breakdown
Total regulatory assets under management$87.8Bas of March 27, 2026
Discretionary100.0%
$87.8B
100% of total RAUM100.0%
Non-discretionary0.0%
$0
0% of total RAUM0.0%
All regulatory assets under management are discretionary.
Assets under management Growth by Quarter
Quarterly points use the latest ADV filing or SEC roster snapshot available in each quarter.
Latest AUM$87.8B
Total Accounts515,981
10Y AUM Change+$23.0B (+35.4%)
Employee Growth by Quarter
Quarterly points use the latest ADV filing or SEC roster snapshot available in each quarter.
Total Employees267
Clients per Employee1933:1
10Y Employee Change+157 (+142.7%)
* Metrics are based on the latest available data, including Form ADV filings, brochures, and relationship summaries pulled from the SEC IAPD, and may be subject to change. Learn what is included in the Rialytix data. Please refer to the firm's official disclosures for the most accurate information using their CRD number. This is not investment advice.