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MORNINGSTAR INVESTMENT SERVICES LLC

CHICAGO, IL · CRD 112525 · IAPD ↗ · 312-696-6000

$0Regulatory AUM
2Advisory reps
7Employees
7Clients
n/aPlanning clients
0Private funds
53States
0Disclosures
wealthSegment
ApprovedSEC status

Filing changes

60
January 2026 — MORNINGSTAR INVESTMENT SERVICES LLC (CHICAGO, IL) left the SEC roster (was $0 RAUM, 2 reps).
Firm dropped off the SEC roster: closed, merged, fell below $100M and moved to state registration, or a 120-day provisional registration lapsed.
Recruiting & transitionsM&A & valuation
50
August 2025 — MORNINGSTAR INVESTMENT SERVICES LLC shrank from 29 to 2 advisory reps.
Advisory representative count fell materially — advisors are moving, or the firm is shrinking.
Recruiting & transitionsM&A & valuation
50
April 2025 — MORNINGSTAR INVESTMENT SERVICES LLC reported RAUM down 88% ($11.97B -> $1.39B).
Regulatory AUM down >=25% since last filing.
M&A & valuationRecruiting & transitions
55
April 2025 — MORNINGSTAR INVESTMENT SERVICES LLC shrank from 41 to 29 advisory reps.
Advisory representative count fell materially — advisors are moving, or the firm is shrinking.
Recruiting & transitionsM&A & valuation
55
April 2024 — MORNINGSTAR INVESTMENT SERVICES LLC added office(s): 8 -> 14 additional locations.
Count of additional offices increased.
Office IT & facilitiesCRMRecruiting & transitions
80
April 2024 — MORNINGSTAR INVESTMENT SERVICES LLC grew from 31 to 41 advisory reps.
Advisory representative count grew materially (>=20% or >=5 reps).
CRMRecruiting & transitionsComplianceFinancial planning software

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