MORNINGSTAR INVESTMENT MANAGEMENT LLC
Adviser information for MORNINGSTAR INVESTMENT MANAGEMENT LLC last updated from Form ADV on March 25th, 2024. Select data displayed; additional Form ADV, Form D, Form 13F and other data is available from the Fincoded API.
Advisory Business
| Type of Organization | Limited Liability Company |
|---|---|
| Fiscal Year End | DECEMBER |
| Legal Location | Delaware, United States |
Employees
| Total Number of Employees | 373 |
|---|---|
| Investment Advisory/Research | 83 |
| Registered Broker-Dealer Representatives | 24 |
| Registered State Investment Advisers | 15 |
| Licensed Agents of an Insurance Company | 1 |
| No. of Firms/People that Solicit Clients | 4 |
RAUM
| Provides Management of Securities Portfolios | Yes |
|---|
| Type | Accounts | RAUM |
|---|---|---|
| Discretionary | 236,964 | $54.7B |
| Non-Discretionary | 0 | $0 |
| Total | 236,964 | $54.7B |
Clients
| Type | Number | RAUM |
|---|---|---|
| Individuals | 235,490 | $17.9B |
| HNW Individuals | 1,451 | $1.6B |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 3 | $5.4B |
| Business development companies | 0 | $0 |
| Pooled investment vehicles | 1 | $641.0M |
| Pension and profit sharing plans | 9 | $9.4B |
| Charitable organizations | 0 | $0 |
| State or municipal gov entities | 0 | $0 |
| Other investment advisers | 0 | $0 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses | 0 | $0 |
| Other | 10 | $19.6B |
| Type | Number |
|---|---|
| No. of Non-RAUM Clients | 1708401 |
| No. of Non-U.S. Clients | 0 |
| No. of Financial Planning Clients | 0 |
Services
| Advisory Services | Portfolio management for individuals and/or small businessesPortfolio management for investment companiesPortfolio management for pooled investment vehiclesPortfolio management for businesses or institutional clientsPension consulting servicesSelection of other advisers (including private fund managers) |
|---|---|
| Compensation | % of AUMFixed feesTECHNOLOGY LICENSING FEES, PERCENTAGE OF ASSETS UNDER ADVISEMENT |
| Other Business Activities | Commodity pool operator or commodity trading advisor |
Principal Office
22 WEST WASHINGTON STREETCHICAGO
IL
United States
Monday - Friday, 9:00 AM TO 5:00 PM
Tel: 312-696-6000, Fax: None
Chief Compliance Officer
SARA KASUN-FRETZ
22 WEST WASHINGTON STREET
CHICAGO
IL
United States
Tel:
312-244-7556
S*********@**************M
(Full email address available in API data)
Regulatory Contact
DANIELLE DIPAOLA
COMPLIANCE OFFICER
22 WEST WASHINGTON STREET
CHICAGO
IL
United States
Tel:
312-244-7224
D***************@**************M
(Full email address available in API data)
Industry Affiliates
| IBBOTSON ASSOCIATES JAPAN, INC. | Other investment adviser, including financial planners |
| IMORNINGSTAR INVESTMENT MANAGEMENT AUSTRALIA LTD | Other investment adviser, including financial planners |
| MORNINGSTAR ASSOCIATES, INC. | Other investment adviser, including financial planners |
| MORNINGSTAR AUSTRALASIA PTY LIMITED | Other investment adviser, including financial planners |
| MORNINGSTAR INVESTMENT ADVISER SINGAPORE PTE LIMITED | Other investment adviser, including financial planners |
| MORNINGSTAR INVESTMENT CONSULTING FRANCE SAS | Other investment adviser, including financial planners |
| MORNINGSTAR INVESTMENT MANAGEMENT ASIA LTD | Other investment adviser, including financial planners |
| MORNINGSTAR INVESTMENT MANAGEMENT EUROPE LTD | Other investment adviser, including financial planners |
| MORNINGSTAR INVESTMENT MANAGEMENT SOUTH AFRICA (PTY) LTD | Other investment adviser, including financial planners |
| MORNINGSTAR INVESTMENT RESEARCH INDIA PRIVATE LIMITED | Other investment adviser, including financial planners |
| MORNINGSTAR INVESTMENT SERVICES LLC | Broker-dealer, municipal securities dealer, or gov securities broker or dealerOther investment adviser, including financial planners |
| MORNINGSTAR KOREA LTD | Other investment adviser, including financial planners |
| MORNINGSTAR RESEARCH SERVICES LLC | Other investment adviser, including financial planners |
| MORNINGSTAR WEALTH ADMINISTRATION LIMITED | Other investment adviser, including financial planners |
| MORNINGSTAR WEALTH ADMINISTRATION LIMITED (DIFC BRANCH) | Other investment adviser, including financial planners |
| MORNINGSTAR WEALTH INTERNATIONAL LIMITED | Other investment adviser, including financial planners |
| RNINGSTAR WEALTH RETIREMENT SERVICES LIMITED | Other investment adviser, including financial planners |
| SMART INVESTMENT MANAGEMENT LIMITED | Other investment adviser, including financial planners |
Private Funds
| Name | Type | Assets $USD | Min Investment $USD | No. Owners |
|---|
None
Control Persons
| Name | Type | Entity | Title | Since | Ownership |
|---|---|---|---|---|---|
| JOHNSON, BROCK, ALLAN | Individual | – | CO-PRESIDENT, MORNINGSTAR RETIREMENT | 01/2019 | < 5% |
| MORNINGSTAR, INC. | Domestic Entity | – | SOLE MEMBER | 09/1999 | > 75% |
| MANSUETO, JOSEPH, D | Individual | MORNINGSTAR, INC. | SHAREHOLDER | 04/1984 | 25-50% |
| NEEDHAM, DANIEL | Individual | – | CO-PRESIDENT, MORNINGSTAR WEALTH | 02/2015 | < 5% |
| Kemp, Daniel | Individual | – | CHIEF RESEARCH AND INVESTMENT OFFICER | 07/2023 | < 5% |
| KASUN-FRETZ, SARA, FRANCES | Individual | – | CHIEF COMPLIANCE OFFICER & SECRETARY | 11/2023 | < 5% |
No. Employees, Historic
RAUM, Historic
No. Clients, Historic
Holdings
From latest 13F, filed August 8th, 2024 for period ending June 30th, 2024
| Name | Class | Value $USD | # Shares | Private Fund |
|---|---|---|---|---|
| AT&T INC | COM | 543 | 28K | – |
| ABBVIE INC | COM | 1K | 9K | – |
| ADVANCED MICRO DEVICES INC | COM | 226 | 1K | – |
| AIR PRODS & CHEMS INC | COM | 490 | 2K | – |
| ALPHABET INC | CAP STK CL A | 59K | 323K | – |
| ALTRIA GROUP INC | COM | 1K | 23K | – |
| AMAZON COM INC | COM | 10K | 50K | – |
| AMERICAN ELEC PWR CO INC | COM | 981 | 11K | – |
| AMERICAN EXPRESS CO | COM | 494 | 2K | – |
| AMETEK INC | COM | 266 | 2K | – |
| AMGEN INC | COM | 2K | 5K | – |
| AMPHENOL CORP NEW | CL A | 1K | 16K | – |
| ANALOG DEVICES INC | COM | 410 | 2K | – |
| ANTERO MIDSTREAM CORP | COM | 1K | 75K | – |
| APPLE INC | COM | 31K | 146K | – |
| APPLIED MATLS INC | COM | 375 | 2K | – |
| APTARGROUP INC | COM | 279 | 2K | – |
| ARISTA NETWORKS INC | COM | 660 | 2K | – |
| AUTOMATIC DATA PROCESSING IN | COM | 649 | 3K | – |
| AUTOZONE INC | COM | 898 | 303 | – |
| BANK AMERICA CORP | COM | 4K | 100K | – |
| BANK NEW YORK MELLON CORP | COM | 2K | 34K | – |
| BAXTER INTL INC | COM | 271 | 8K | – |
| BIOGEN INC | COM | 432 | 2K | – |
| BLACKROCK INC | COM | 731 | 928 | – |
| BLACKSTONE INC | COM | 207 | 2K | – |
| BOOKING HOLDINGS INC | COM | 428 | 108 | – |
| BOOZ ALLEN HAMILTON HLDG COR | CL A | 374 | 2K | – |
| BRISTOL-MYERS SQUIBB CO | COM | 942 | 23K | – |
| BROADCOM INC | COM | 605 | 377 | – |
| CME GROUP INC | COM | 2K | 8K | – |
| CMS ENERGY CORP | COM | 215 | 4K | – |
| CSX CORP | COM | 535 | 16K | – |
| CVS HEALTH CORP | COM | 944 | 16K | – |
| CAPITAL ONE FINL CORP | COM | 2K | 15K | – |
| CARDINAL HEALTH INC | COM | 221 | 2K | – |
| CARRIER GLOBAL CORPORATION | COM | 391 | 6K | – |
| CATERPILLAR INC | COM | 708 | 2K | – |
| CHENIERE ENERGY INC | COM NEW | 6K | 33K | – |
| CHEVRON CORP NEW | COM | 2K | 11K | – |
| CHIPOTLE MEXICAN GRILL INC | COM | 451 | 7K | – |
| CISCO SYS INC | COM | 724 | 15K | – |
| CITIGROUP INC | COM NEW | 2K | 39K | – |
| CITIZENS FINL GROUP INC | COM | 2K | 54K | – |
| COCA COLA CO | COM | 2K | 32K | – |
| COLGATE PALMOLIVE CO | COM | 1K | 13K | – |
| COMCAST CORP NEW | CL A | 9K | 224K | – |
| COMERICA INC | COM | 724 | 14K | – |
| CONAGRA BRANDS INC | COM | 232 | 8K | – |
| CONSOLIDATED EDISON INC | COM | 247 | 3K | – |
| CONSTELLATION BRANDS INC | CL A | 679 | 3K | – |
| CROWN CASTLE INC | COM | 789 | 8K | – |
| CUMMINS INC | COM | 226 | 817 | – |
| DTE ENERGY CO | COM | 228 | 2K | – |
| DISNEY WALT CO | COM | 7K | 72K | – |
| DOLLAR GEN CORP NEW | COM | 330 | 2K | – |
| DOMINION ENERGY INC | COM | 296 | 6K | – |
| DOVER CORP | COM | 225 | 1K | – |
| DUKE ENERGY CORP NEW | COM NEW | 921 | 9K | – |
| EOG RES INC | COM | 302 | 2K | – |
| ECOPETROL S A | SPONSORED ADS | 299 | 27K | – |
| EDISON INTL | COM | 389 | 5K | – |
| ELECTRONIC ARTS INC | COM | 2K | 12K | – |
| EMCOR GROUP INC | COM | 271 | 742 | – |
| EMERSON ELEC CO | COM | 1K | 10K | – |
| ENCOMPASS HEALTH CORP | COM | 201 | 2K | – |
| ENERGY TRANSFER L P | COM UT LTD PTN | 4K | 223K | – |
| ENTERPRISE PRODS PARTNERS L | COM | 6K | 211K | – |
| EQUITRANS MIDSTREAM CORP | COM | 2K | 172K | – |
| EXXON MOBIL CORP | COM | 4K | 37K | – |
| META PLATFORMS INC | CL A | 26K | 51K | – |
| FEDERAL RLTY INVT TR NEW | SH BEN INT NEW | 371 | 4K | – |
| FEDEX CORP | COM | 464 | 2K | – |
| FIFTH THIRD BANCORP | COM | 2K | 51K | – |
| FRANKLIN TEMPLETON ETF TR | FRANKLN SWZLND | 11K | 318K | – |
| FREEPORT-MCMORAN INC | CL B | 234 | 5K | – |
| GENERAL DYNAMICS CORP | COM | 1K | 5K | – |
| GENERAL MLS INC | COM | 597 | 9K | – |
| GENTEX CORP | COM | 225 | 7K | – |
| GILEAD SCIENCES INC | COM | 1K | 16K | – |
| GOLDMAN SACHS GROUP INC | COM | 3K | 7K | – |
| HCA HEALTHCARE INC | COM | 655 | 2K | – |
| HASBRO INC | COM | 254 | 4K | – |
| HERSHEY CO | COM | 661 | 4K | – |
| HONEYWELL INTL INC | COM | 875 | 4K | – |
| HUNTINGTON BANCSHARES INC | COM | 2K | 175K | – |
| ILLINOIS TOOL WKS INC | COM | 791 | 3K | – |
| INGREDION INC | COM | 220 | 2K | – |
| INTEL CORP | COM | 221 | 7K | – |
| INTERCONTINENTAL EXCHANGE IN | COM | 1K | 8K | – |
| INTERNATIONAL BUSINESS MACHS | COM | 448 | 3K | – |
| INTUITIVE SURGICAL INC | COM NEW | 380 | 855 | – |
| ISHARES INC | MSCI STH KOR ETF | 9K | 136K | – |
| ISHARES TR | GLB CNSM STP ETF | 11K | 176K | – |
| ISHARES TR | US TREAS BD ETF | 197K | 9M | – |
| JPMORGAN CHASE & CO | COM | 3K | 16K | – |
| JOHNSON & JOHNSON | COM | 811 | 6K | – |
| JUNIPER NETWORKS INC | COM | 215 | 6K | – |
| KLA CORP | COM NEW | 451 | 547 | – |
| KELLANOVA | COM | 233 | 4K | – |
| KEURIG DR PEPPER INC | COM | 1K | 32K | – |
| KEYCORP | COM | 1K | 98K | – |
| KIMBERLY-CLARK CORP | COM | 1K | 11K | – |
| KINDER MORGAN INC DEL | COM | 6K | 294K | – |
| KROGER CO | COM | 239 | 5K | – |
| LABCORP HOLDINGS INC | COM SHS | 233 | 1K | – |
| LAM RESEARCH CORP | COM | 296 | 278 | – |
| LOCKHEED MARTIN CORP | COM | 995 | 2K | – |
| LOWES COS INC | COM | 601 | 3K | – |
| M & T BK CORP | COM | 3K | 18K | – |
| MPLX LP | COM UNIT REP LTD | 2K | 50K | – |
| MASTERCARD INCORPORATED | CL A | 861 | 2K | – |
| MCDONALDS CORP | COM | 2K | 6K | – |
| MICROSOFT CORP | COM | 33K | 75K | – |
| MONDELEZ INTL INC | CL A | 1K | 21K | – |
| MONSTER BEVERAGE CORP NEW | COM | 456 | 9K | – |
| MOODYS CORP | COM | 391 | 930 | – |
| MORGAN STANLEY | COM NEW | 3K | 31K | – |
| NNN REIT INC | COM | 284 | 7K | – |
| NETAPP INC | COM | 490 | 4K | – |
| NETFLIX INC | COM | 5K | 8K | – |
| NEXTERA ENERGY INC | COM | 346 | 5K | – |
| NIKE INC | CL B | 260 | 3K | – |
| NISOURCE INC | COM | 236 | 8K | – |
| NORFOLK SOUTHN CORP | COM | 492 | 2K | – |
| NORTHERN TR CORP | COM | 2K | 23K | – |
| NORTHROP GRUMMAN CORP | COM | 509 | 1K | – |
| NVIDIA CORPORATION | COM | 17K | 136K | – |
| OGE ENERGY CORP | COM | 221 | 6K | – |
| OREILLY AUTOMOTIVE INC | COM | 943 | 893 | – |
| OLD DOMINION FREIGHT LINE IN | COM | 258 | 1K | – |
| ONEOK INC NEW | COM | 5K | 66K | – |
| PNC FINL SVCS GROUP INC | COM | 3K | 20K | – |
| PACCAR INC | COM | 780 | 8K | – |
| PAYPAL HLDGS INC | COM | 209 | 4K | – |
| PEPSICO INC | COM | 1K | 9K | – |
| PETROLEO BRASILEIRO SA PETRO | SPONSORED ADR | 2K | 162K | – |
| PFIZER INC | COM | 1K | 38K | – |
| PHILIP MORRIS INTL INC | COM | 767 | 8K | – |
| PDD HOLDINGS INC | SPONSORED ADS | 2K | 15K | – |
| PLAINS ALL AMERN PIPELINE L | UNIT LTD PARTN | 2K | 117K | – |
| PRICE T ROWE GROUP INC | COM | 328 | 3K | – |
| PROCTER AND GAMBLE CO | COM | 690 | 4K | – |
| PUBLIC STORAGE | COM | 382 | 1K | – |
| QUALCOMM INC | COM | 409 | 2K | – |
| QUEST DIAGNOSTICS INC | COM | 273 | 2K | – |
| RTX CORPORATION | COM | 417 | 4K | – |
| REALTY INCOME CORP | COM | 213 | 4K | – |
| REGENERON PHARMACEUTICALS | COM | 742 | 706 | – |
| REGIONS FINANCIAL CORP NEW | COM | 1K | 68K | – |
| ROPER TECHNOLOGIES INC | COM | 870 | 2K | – |
| SEI INVTS CO | COM | 246 | 4K | – |
| SCHWAB CHARLES CORP | COM | 1K | 16K | – |
| SCHWAB STRATEGIC TR | SCHWB FDT EMK LG | 19K | 633K | – |
| SCHWAB STRATEGIC TR | SHT TM US TRES | 57K | 1M | – |
| SELECT SECTOR SPDR TR | SBI MATERIALS | 4K | 51K | – |
| SELECT SECTOR SPDR TR | SBI INT-UTILS | 22K | 317K | – |
| SHERWIN WILLIAMS CO | COM | 392 | 1K | – |
| SIMON PPTY GROUP INC NEW | COM | 386 | 3K | – |
| SIRIUS XM HOLDINGS INC | COM | 93 | 33K | – |
| SMUCKER J M CO | COM NEW | 211 | 2K | – |
| SOUTHERN CO | COM | 813 | 10K | – |
| STARBUCKS CORP | COM | 254 | 3K | – |
| STATE STR CORP | COM | 956 | 13K | – |
| STRYKER CORPORATION | COM | 565 | 2K | – |
| T-MOBILE US INC | COM | 3K | 17K | – |
| TARGA RES CORP | COM | 3K | 20K | – |
| TENCENT MUSIC ENTMT GROUP | SPON ADS | 2K | 143K | – |
| TEXAS INSTRS INC | COM | 1K | 5K | – |
| 3M CO | COM | 512 | 5K | – |
| TRUIST FINL CORP | COM | 3K | 72K | – |
| TYSON FOODS INC | CL A | 248 | 4K | – |
| US BANCORP DEL | COM NEW | 3K | 79K | – |
| UNION PAC CORP | COM | 467 | 2K | – |
| UNITED PARCEL SERVICE INC | CL B | 679 | 5K | – |
| VANECK ETF TRUST | MRNGSTR WDE MOAT | 6K | 72K | – |
| VANGUARD MALVERN FDS | STRM INFPROIDX | 3K | 56K | – |
| VANGUARD WORLD FDS | CONSUM STP ETF | 82K | 403K | – |
| VANGUARD WORLD FDS | HEALTH CAR ETF | 73K | 273K | – |
| VANGUARD SCOTTSDALE FDS | INTER TERM TREAS | 4K | 66K | – |
| VANGUARD SCOTTSDALE FDS | LONG TERM TREAS | 8K | 131K | – |
| VENTAS INC | COM | 218 | 4K | – |
| VANGUARD INDEX FDS | TOTAL STK MKT | 63K | 234K | – |
| VERIZON COMMUNICATION INC | COM | 9K | 213K | – |
| WASTE MGMT INC DEL | COM | 1K | 6K | – |
| WELLS FARGO CO NEW | COM | 5K | 76K | – |
| WILLIAMS COS INC | COM | 5K | 124K | – |
| AMCOR PLC | ORD | 415 | 42K | – |
| AMDOCS LTD | SHS | 247 | 3K | – |
| ACCENTURE PLC IRELAND | SHS CLASS A | 357 | 1K | – |
| EATON CORP PLC | SHS | 942 | 3K | – |
| MEDTRONIC PLC | SHS | 883 | 11K | – |
| TRANE TECHNOLOGIES PLC | SHS | 856 | 3K | – |
| GARMIN LTD | SHS | 266 | 2K | – |
| CHECK POINT SOFTWARE TECH LT | ORD | 399 | 2K | – |