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MORNINGSTAR INVESTMENT MANAGEMENT LLC
CRD 108031File 801-56896
APPROVED
Retail clients
Filing as of Aug 18, 2026
Feed vintage Oct 1, 2026
Regulatory AUM
$87.82B
Top 10% of cohort (national)
Discretionary AUM
$87.82B
Clients
515,966
515,981 accounts
Employees
267
Top 10% of cohort in IL
Identity & registration
ADV Item 1- Organization form
- Limited Liability Company
- Firm type
- Registered
- SEC region
- CHRO
- Registration date
- Oct 18, 1999
- Principal office
- 22 WEST WASHINGTON STREET, CHICAGO, IL, 60602
- Phone
- 312-696-6000
Assets & accounts
ADV Item 5F- Total regulatory AUM
- $87.82B
- Discretionary AUM
- $87.82B
- Non-discretionary AUM
- $0
- Discretionary accounts
- 515,981
- Non-discretionary accounts
- 0
- Total accounts
- 515,981
- AUM per client
- $170K
Clients by type
ADV Item 5D| Client type | Clients | AUM |
|---|---|---|
| Investment companies | 3 | $6.24B |
| High net worth individuals | 3,271 | $3.98B |
| Pooled investment vehicles | 1 | Not reported |
| Pension and profit sharing plans | 3 | $12.19B |
| Individuals (other than high net worth individuals) | 512,688 | $35.59B |
Compensation & activities
ADV Items 5E, 5GCompensation
- Other
- Fixed fees
- Other (described) — TECHNOLOGY LICENSING FEES, PERCENTAGE OF ASSETS UNDER ADVISEMENT
- A percentage of assets under your management
Advisory activities
- Selection of other advisers
- Portfolio management for other
- Portfolio management for businesses
- Portfolio management for investment companies
- Portfolio management for pooled investment vehicles
- Portfolio management for individuals and/or small businesses
Custody
ADV Item 9- Firm Custody Cash
- No
- Firm Custody Assets
- No
- Firm Custody Clients
- No
- Firm Custody Securities
- No
- Related Person Custody Cash
- No
- Related Person Custody Assets
- No
- Related Person Custody Clients
- No
- Related Person Custody Securities
- No
Disclosure events
ADV Item 11This firm answered no to every Item 11 disclosure question in this filing.
Filed changes
| Date | Field | From | To | Change |
|---|---|---|---|---|
| Aug 17, 2026 | Clients | 515,981 | 515,966 | decreased by15 |
| Apr 1, 2026 | Employees | 323 | 267 | decreased by56 |
| Apr 1, 2026 | Clients | 592,301 | 515,981 | decreased by76,320 |
| Apr 1, 2026 | AUM | $76,595,000,000 | $87,824,400,000 | increased by$11,229,400,000 |
| Apr 1, 2026 | Accounts | 592,301 | 515,981 | decreased by76,320 |
| May 1, 2025 vs Oct 1, 2022 | Employees | 372 | 323 | decreased by49 |
| May 1, 2025 vs Oct 1, 2022 | Clients | 262,749 | 592,301 | increased by329,552 |
| May 1, 2025 vs Oct 1, 2022 | AUM | $56,085,000,000 | $76,595,000,000 | increased by$20,510,000,000 |
| May 1, 2025 vs Oct 1, 2022 | Accounts | 262,749 | 592,301 | increased by329,552 |
| Apr 1, 2022 | Employees | 315 | 372 | increased by57 |
| Apr 1, 2022 | Clients | 250,543 | 262,749 | increased by12,206 |
| Apr 1, 2022 | AUM | $47,173,700,000 | $56,085,000,000 | increased by$8,911,300,000 |
| Apr 1, 2022 | Accounts | 250,543 | 262,749 | increased by12,206 |
| Apr 1, 2021 | Registration | — | APPROVED |
On Form 5500, an adviser usually appears as a plan service provider (Schedule C), not the plan sponsor.
See plans that list “MORNINGSTAR INVESTMENT” as a service provider on 5500mcp →Matched by name only — Form ADV and Form 5500 share no identifier, and names are searched loosely (“MORNINGSTAR INVESTMENT” may also match similarly-named firms). Confirm identity against each filing.
Every value above is reproduced from this firm's Form ADV filing. Fields the firm left blank are shown as “Not reported” rather than filled in from other sources.