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Morningstar Investment Management LLC

Morningstar Investment Management LLC. CRD 108031

M

CRD: 108031

Morningstar Investment Management LLC

$87.8B Total AUM
$87.8B Disc. AUM
-- 3Y CAGR
267 Employees
515,981 ADV. Clients
26 yrs Firm Age

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Firm Details

Custodian
Ascensus · Charles Schwab & Company · Lincoln Financial · Security Benefit · State Street · T. Rowe Price
Clients
Retail and Institutional
Established Date
10-18-1999
Office Locations
15

Office Locations

22 West Washington Street Chicago IL
-- Austin TX
-- Centerville UT

About Morningstar Investment Management LLC

Morningstar provides connected investment data, independent research and ratings, and investor-first tools used by advisors, wealth managers, asset managers, institutional investors, and fintechs. The firm supports portfolio construction and long-term portfolio strategies through research platforms, model portfolios, and portfolio management capabilities, with an emphasis on transparency, independence, and conflict-aware processes. Headquartered in Chicago with 40+ offices globally.

Reported data analysis

What the numbers show

Between November 10, 2025 and March 27, 2026, reported AUM increased 14.7%, from $76.6B to $87.8B.

Across 5 reported observations, AUM increased 56.6% between May 13, 2022 and March 27, 2026, from $56.1B to $87.8B.

Of the latest reported AUM, 100.0% is discretionary and 0.0% is non-discretionary.

The firm reports 52 advisory representatives and 515,981 clients, or 9,922.7 clients per representative. That equates to $170.2K in reported AUM per client.

The profile lists 15 reported office locations and 26 years in operation. The source data was last updated on March 27, 2026. Figures reflect reported regulatory data and may not include subsequent changes.

Team overview

44 AVG AGE
$1.7B AVG AUM / ADVISOR
$170.2K AVG AUM / CLIENT
2.6 yrs AVG TENURE
267 Employees
52 Advisory Reps
23 RIA Reps
26yrs Firm Age

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Available data coverage

  • Asset Classes
  • Client Personas
  • Investment Themes
  • Investment Vehicles
  • Platform
  • Services
  • Technology

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Owner & Executives

B

BROCK ALLAN JOHNSON

Co-President, Investment Advisor

CRD
--
Ownership
Less than 5%
S

SARA FRANCES KASUN-FRETZ

Chief Compliance Officer, Secretary

CRD
#4904519
Ownership
Less than 5%

Showing 2 of 3 owners & executives

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Contacts

F

Francis A Anello

--

CRD
#4483053
R

REBECCA LYNN BENNETT

--

CRD
#4658991

Showing 2 of 27 contacts

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Assets Under Management

Total AUM
Discretionary
Non-Discretionary
05-13-2022
11-15-2023
12-02-2024
11-10-2025
03-27-2026
Category Assets AVG. Account size
Discretionary $87,824,400,000 $170,209
Non-Discretionary $0 --
Total $87,824,400,000 $170,209

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Separately Managed Accounts

SMA allocation detail is available

Morningstar Investment Management LLC has reported separately managed account data across 3 asset classes. AdvizorPro provides the associated asset values, allocation percentages, and exportable breakdown.

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13F Holdings | Q2 2026

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Morningstar Investment Management LLC's 13F holdings detail is available for Q2 2026, including issuer, security class, CUSIP, ticker, portfolio weight, and reported value.

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