The MORNINGSTAR GROUP is a publicly held investment adviser that advises $58.08Bn in regulatory assets under management held in 0 SEC fund types across 4 investment strategies. MORNINGSTAR GROUP is a Retail Wealth A retail wealth manager is a manager whose >=75% of total assets under management are managed for individual investors through retail advisory or brokerage channels. Manager. Assets increased by 89.41% over the last 5-years.
The Group has been registered with the SEC for 26.31 years and is comprised of 1 filing and 0 relying advisers. They operate out of 3 office locations with their Headquarters at 22 WEST WASHINGTON STREET, CHICAGO, IL. The Group has not been subject to regulatory enforcement actions. They are regulated by 12 US and Non-US bodies.
They have 323 employees comprised of 113 investment and 210 non-investment staff. The total number of Employees decreased by 26.59% over the last 5-years.
Their $58.08Bn in assets advised are owned by 1 private fund, 22 public funds and BDCs and 3 other accounts. Assets of Individuals clients own $31.1Bn or 53.55% of Total Assets and Investment Companies (IC) own $12.41Bn or 21.37% of Total Assets.
The Group's top investment strategies include Long/Short Equity, FI/Credit - Diverse and Multi Strat, representing 54.47%, 25.8% and 15.29% of total assets, respectively.
They advise 5 types of clients, top clients are Individuals and Investment Companies (IC).
The Group uses 5 Fund Administrators, 1 Fund Auditors, 0 Prime Brokers, 5 Custodians and 4 Marketers. It does not report a third-party Fund Administrator in 0 private funds with $0 in assets.
The Group discloses fixed fees and management fees.
MORNINGSTAR GROUP names 0 sub-advisers to 0 different funds advised by the group. The Group has been named as the sub-adviser to 0 funds.
They have a HIGH risk business model that requires a high degree of process maturity to manage operational risk. A Manager Group has a "High Complexity" when 25% or more of 63 business conditions measured require a high level of process maturity to manage the risk. The "Watch" suffix indicates that one or more of the following business conditions carry a high-complexity score: 1) % Fund Assets Valued Internally, 2) prior Regulatory Violations, 3) Unqualified Audits, 4) Multi-Functional C-Suite and 5) Business Concentration Risk with an Auditor or Administrator.
In MORNINGSTAR GROUP's case, they have 10 business conditions that require high process maturity and 0 Watch Factors.