David Rix is a registered investment advisor at Morningstar Investment Management LLC, based in Centerville, UT, with 29 years of industry experience. David operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Investment Management, Retirement Planning. Their firm serves 592,301 clients with $77B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Morningstar Investment Management primarily works with institutional clients and retirement plans, not individual investors directly. They create model investment strategies and manage seed accounts. Fees for these services are negotiated with institutional clients and can be a fixed fee or based on the amount of assets. The fees typically range from 0 to 0.40% of assets. They also receive fees from other investment advisors or platforms when recommending them to investors.
Location
Centerville, UT
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Regulatory History
No disclosures, customer disputes, or regulatory actions on file.
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David works as a public safety officer at a ski resort, patrolling the property and responding to medical issues. This takes about 10-20% of his time and is weekend work only.
Employment History
Current Registrations
Morningstar Investment Management LLC
Previous Registrations
Morningstar Investment Services LLCBroker
Captrust
Capfinancial Securities, LLC.Broker
J.P. Morgan Securities LLCBroker
J.P. Morgan Securities LLC
VALIC Financial Advisors, INC.
VALIC Financial Advisors, INC.Broker
Transamerica Retirement Advisors, LLC
Transamerica Investors Securities CorporationBroker
Strategic Advisers, INC.
Fidelity Brokerage Services LLCBroker
Tiaa-Cref Individual & Institutional Services, LLCBroker
E*trade Securities LLCBroker
Fidelity Brokerage Services LLCBroker
Fidelity Investments Institutional Services Company, INC.Broker
Fidelity Brokerage Services LLCBroker
Pruco Securities CorporationBroker
State Registrations1 state
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