DFX Intelligence

RIA Intelligence

Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.

Former SEC-registered adviser

Ibbotson Associates, Inc.

Former SEC-registered adviserChicago, IllinoisCRD 111057SEC 801-57505IAPD
Latest filing Mar 26, 2015
First filing on the tape Apr 2, 2012 · 9 filings
RAUM
$38B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
32
20 advisory (5.B.1)
Offices
n/a
beyond the principal office
Private funds
0
reported on Schedule D
History
9 filings and snapshots on the tape
RAUM$38B as of Mar 26, 2015
Apr 2, 2012$24B then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 26, 2015
Mar 28, 20130 then
Employees (5.A)32 as of Mar 26, 2015
Mar 28, 201343 then
Private funds: no history
RAUM +6.4% over the last fiscal year+16% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 26, 2015; every figure names its basis
RAUM per advisor
unknownderivedRAUM over IAPD advisors; not a book size
Clients per advisor
unknownderivedindividual and HNW clients (5.D) over advisors
Average HNW client
unknownderivedHNW RAUM over HNW clients
Average account
$44,086derivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
unknownderivedItem 5.A over advisors
Advisors per office
unknownderived4 offices incl. principal (1.F.5)
RAUM growth, one year
+6.4%derivedbetween the last two annual amendments
Advisor growth, one year
unknownderivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
Compensation
percentage of assets, fixed feesreportedItem 5.E
Advisory activities
portfolio management for individuals, portfolio management for businesses and institutions, portfolio management for investment companies, pension consulting, selection of other advisersreportedItem 5.G
Ownership
no PE, bank or public-company owner found on Schedule Aderived
Advisor book size
not public; not estimatedreported
Also answered yes on Form ADV
  • buys or sells securities as principal to or from clients (8.A.2)
  • has discretionary authority over which securities are bought or sold (8.C.1)
  • receives research or other products from a broker-dealer, soft dollars (8.E)
Where the RAUM sits
Form ADV Item 5.D, latest filing
This filing has no Item 5.D breakdown (filings before 2017 reported ranges, not amounts).
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
861,845reported
Financial planning clients
0reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUM, fixedreported
Class basis
absent from the latest SEC rosterderived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
Left, latest
Joined, latest
none on the tape
    Every departureEvery arrival
    Private funds
    No private fund reported.
    Owners and control persons
    Schedule A and B, latest filing
    • Kay Rita Bardell · Chief Compliance Officercontrol
      since 03/2014 · owns less than 5%
    • Daniel Needham · Presidentcontrol
      since 02/2015 · owns less than 5%
    • Joseph Matthew Radgowski · Managing Directorcontrol
      since 07/2014 · owns less than 5%
    • Allen Scott Wentsel · Vice Presidentcontrol
      since 04/2005 · owns less than 5%
    • Daniel Joseph Mansueto · Shareholdercontrol
      since 04/1984 · owns 50% to 75% of Morningstar, Inc.
    Entity owners
    • Morningstar, Inc. · Shareholder
      direct · owns 75% or more · public reporting company
    Related persons
    Schedule D 7.A
    • Ibbotson Associates Australia Limited
      investment advisern
    • Ibbotson Associates Japan K K
      investment advisery
    • Morningstar Associates Korea Co., Ltd.
      investment advisern
    • Morningstar Associates, Inc.
      investment advisern
    • Morningstar Investment Management LLC
      investment advisernRAUM $88B
    • Morningstar Investment Adviser India Private Ltd
      investment advisern
    • Morningstar Investment Consulting France Sas
      investment advisern
    • Morningstar Investment Management Asia Ltd
      investment advisern
    • Morningstar Investment Management Europe Ltd
      investment advisern
    • Morningstar Investment Management South Africa (Pty) Ltd
      investment advisern
    • Morningstar Investment Services LLC
      broker-dealerinvestment advisern
    Offices
    Schedule D 1.F, the 25 largest
    • ,
    What changed
    consecutive filings, newest first
    • Accounts · 829,059 to 861,845
      Mar 28, 2014 to Mar 26, 2015
    • Advisory employees · 21 to 20
      Mar 28, 2014 to Mar 26, 2015
    • Employees · 31 to 32
      Mar 28, 2014 to Mar 26, 2015
    • Discretionary RAUM · $36B to $38B
      Mar 28, 2014 to Mar 26, 2015
    • RAUM · $36B to $38B
      Mar 28, 2014 to Mar 26, 2015
    • Accounts · 766,087 to 829,059
      Jul 15, 2013 to Mar 28, 2014
    • Advisory employees · 18 to 21
      Jul 15, 2013 to Mar 28, 2014
    • Employees · 43 to 31
      Jul 15, 2013 to Mar 28, 2014
    • Discretionary RAUM · $26B to $36B
      Jul 15, 2013 to Mar 28, 2014
    • RAUM · $26B to $36B
      Jul 15, 2013 to Mar 28, 2014
    • Accounts · 657,070 to 766,087
      Oct 22, 2012 to Mar 28, 2013
    • Advisory employees · unset to 18.0
      Oct 22, 2012 to Mar 28, 2013
    • Employees · unset to 43.0
      Oct 22, 2012 to Mar 28, 2013
    • State-registered IARs · unset to 0.0
      Oct 22, 2012 to Mar 28, 2013
    • Discretionary RAUM · $24B to $26B
      Oct 22, 2012 to Mar 28, 2013
    • RAUM · $24B to $26B
      Oct 22, 2012 to Mar 28, 2013
    • Succession · true to false
      Apr 2, 2012 to May 31, 2012
    Signals
    1 dated events
    • Ibbotson Associates, Inc. reported succeeding to the business of Another Adviser (Form ADV Item 4)
      Apr 2, 2012 · Succession (Item 4) · fact
    Across DFX
    shared identifiers only, never a name match
    No identifier-backed link to the venture, private equity, family office or sponsor graphs.
    Provenance
    Form ADV
    SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
    Advisors
    IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
    Class
    Former SEC-registered adviserderiveda rule over Items 5.D and 7.A
    RAUM per advisor
    n/aderivedfirm RAUM over the IAPD count; not a book size
    Loaded
    Sep 14, 2026