← Tributary

MORNINGSTAR INVESTMENT MANAGEMENT LLC

CHICAGO, IL · CRD 108031 · IAPD ↗ · 312-696-6000

$87.82BRegulatory AUM
52Advisory reps
267Employees
1866524Clients
0Planning clients
0Private funds
53States
0Disclosures
wealthSegment
ApprovedSEC status

Filing changes

55
April 2026 — MORNINGSTAR INVESTMENT MANAGEMENT LLC shrank from 113 to 52 advisory reps.
Advisory representative count fell materially — advisors are moving, or the firm is shrinking.
Recruiting & transitionsM&A & valuation
55
April 2025 — MORNINGSTAR INVESTMENT MANAGEMENT LLC added office(s): 25 -> 40 additional locations.
Count of additional offices increased.
Office IT & facilitiesCRMRecruiting & transitions
68
April 2025 — MORNINGSTAR INVESTMENT MANAGEMENT LLC reported RAUM up 40% ($54.69B -> $76.59B).
Regulatory AUM up >=25% since last filing.
Portfolio / reporting / TAMPCRMFinancial planning software
85
April 2025 — MORNINGSTAR INVESTMENT MANAGEMENT LLC grew from 83 to 113 advisory reps.
Advisory representative count grew materially (>=20% or >=5 reps).
CRMRecruiting & transitionsComplianceFinancial planning software
55
April 2024 — MORNINGSTAR INVESTMENT MANAGEMENT LLC shrank from 103 to 83 advisory reps.
Advisory representative count fell materially — advisors are moving, or the firm is shrinking.
Recruiting & transitionsM&A & valuation
55
April 2024 — MORNINGSTAR INVESTMENT MANAGEMENT LLC added office(s): 22 -> 25 additional locations.
Count of additional offices increased.
Office IT & facilitiesCRMRecruiting & transitions

Data: SEC Form ADV monthly roster (public). Confirm on IAPD before acting.