Data / Investment advisers / Illinois / Ariel Investments, LLC
Ariel Investments, LLC, Chicago, IL: $12.8 billion AUM, SEC registered investment adviser
Updated November 7, 2026. Source: the SEC's Form ADV data files for investment advisers.
Ariel Investments, LLC is an SEC registered investment adviser with its main office in Chicago, Illinois and reports $12.8 billion in regulatory assets under management in its Form ADV filed July 28, 2026. Its clients include investment companies, state and municipal governments and pension and profit sharing plans. It is paid through a percentage of assets under management and performance based fees. It advises 3 private funds.
The request: Watch Ariel Investments, LLC (CRD number 108211): each new Form ADV amendment, with AUM, clients and private funds. $10 of work on sign-up, no card.
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- Registration
- SEC registered investment adviser
- CRD number
- 108211
- SEC file number
- 801-18767
- SEC status
- Approved, effective April 15, 1983
- Main office
- 200 East Randolph Street Suite 2900, Chicago, IL 60601
- Phone
- (312) 726-0140
- Regulatory AUM
- $12,778,080,506 in the Form ADV filed July 28, 2026
- Discretionary AUM
- $12,778,080,506
- Accounts
- 146
- Employees
- 109, of which 30 give investment advice
- Form of organization
- Limited Liability Company
- Paid through
- a percentage of assets under management, performance based fees
- Private funds
- 3: 3 other private funds
- Gross assets of private funds
- $205,509,231
- Other offices
- 2
- Form ADV Item 11 disclosures
- None reported
- Latest Form ADV filing
- July 28, 2026
- SEC record
- Investment Adviser Public Disclosure
Clients
Client types the adviser reports in Form ADV item 5.D, with the AUM it attributes to each.
| Client type | Clients | AUM |
|---|---|---|
| Investment companies | 7 | $4.23 billion |
| State or municipal government entities | 27 | $3.84 billion |
| Pension and profit sharing plans | 19 | $1.61 billion |
| High net worth individuals | 47 | $1.35 billion |
| Charitable organizations | 24 | $839.4 million |
| Corporations or other businesses | 5 | $406.5 million |
| Insurance companies | 3 | $270.9 million |
| Pooled investment vehicles | 3 | $205.2 million |
| Other investment advisers | 6 | $23.2 million |
| Individuals (other than high net worth individuals) | 5 | $6.4 million |
AUM in the SEC's monthly files
Each change in the AUM the adviser reported across the monthly SEC files held here, with the first file that shows the new value.
| First in the file of | AUM | Form ADV filed |
|---|---|---|
| April 1, 2026 | $12.78 billion | March 31, 2026 |
| December 1, 2025 | $12.37 billion | October 10, 2025 |
Other advisers in Chicago
| Adviser | City | AUM | Private funds | Source |
|---|---|---|---|---|
| Linden Capital Partners | Chicago | $13.95 billion | 28 | adviserinfo.sec.gov |
| Gresham Partners, LLC | Chicago | $13.80 billion | 53 | adviserinfo.sec.gov |
| Dolan McEniry Capital Management LLC | Chicago | $13.76 billion | Not listed | adviserinfo.sec.gov |
| Partners Enterprise Capital LLC | Chicago | $13.48 billion | 2 | adviserinfo.sec.gov |
| The Mather Group, LLC | Chicago | $13.45 billion | Not listed | adviserinfo.sec.gov |
| Duff & Phelps Investment Management Co. | Chicago | $12.75 billion | Not listed | adviserinfo.sec.gov |
| First Trust Capital Management L.P. | Chicago | $12.66 billion | 15 | adviserinfo.sec.gov |
| Christian Brothers Investment Services, Inc. | Chicago | $11.94 billion | Not listed | adviserinfo.sec.gov |
Also on SpecStream
- Investment advisers in Chicago, IL
- Investment advisers in Illinois
- Advisers with $10 billion to $100 billion in AUM
- Advisers serving investment companies
- Advisers serving state and municipal governments
- Advisers that manage private funds
- Ariel Investments, LLC on the SEC's adviser search
Public data published by the US Securities and Exchange Commission (US government work). Advisers report these values themselves in Form ADV, and neither the SEC nor the states approve or guarantee them. AUM is regulatory assets under management as the adviser reported it in Form ADV item 5.F, which can differ from the AUM a firm quotes elsewhere. Exempt reporting advisers do not report AUM. Office address, phone and website are the adviser's main office as filed; a firm that files its main office as a private residence shows no street address or phone. An Item 11 disclosure is a reported event, not a finding about the firm today. Details for each firm are on the SEC's Investment Adviser Public Disclosure site. This page uses SEC data and is not endorsed or certified by the SEC. Free to reuse with credit to SpecStream under CC BY 4.0. Spot a wrong value? Write to [email protected] with the link to this page.