Firm Information

Compensation
Fee-Only (AUM)Fixed/Hourly
Number of Advisors
30 advisors
Number of Clients
592,301 clients
Average Client Portfolio
$129K average
Assets Under Management
$76.6B

Fee Structure

Minimum Annual Fee:$100,000

Fees are typically negotiated with institutional clients and can include fixed fees, basis-point fees, and/or technology licensing fees. Institutional Asset Management fees generally range from 2 to 15 basis points of assets managed, with minimum annual fees of $100,000-$200,000. Strategy fees range from 0-40 basis points. Select list fees range from $50,000 to $400,000 annually. Asset Allocation Services range from $50,000 to $500,000 annually.

Areas of Practice
Investment ManagementRetirement PlanningFinancial Planning & Coaching
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Advisor Information

Office location

Rocklin, CA

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Regulatory History
Clean regulatory record

No disclosures, customer disputes, or regulatory actions on file.

Disclosures include customer complaints, regulatory actions, and other events that advisors must report to the SEC. A clean record means none have been reported.

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Employment History
Current Registrations
Morningstar Investment Management LLC
August 2023 - Present · 2 yrs 5 mos
Previous Registrations
Morningstar Investment Services LLC Broker
August 2023 - June 2025 · 1 yr 10 mos
MML Distributors, LLCBroker
January 2021 - December 2022 · 1 yr 11 mos
Lord Abbett Distributor LLCBroker
July 2018 - December 2020 · 2 yrs 5 mos
Mfs Fund Distributors, INC.Broker
December 2011 - January 2018 · 6 yrs 1 mo
Fidelity Investments Institutional Services Company, INC.Broker
January 2004 - October 2011 · 7 yrs 9 mos
Franklin/templeton Distributors, INC.Broker
November 1994 - October 2003 · 8 yrs 11 mos
Templeton/franklin Investment Services,inc.Broker
September 1994 - October 1994 · 1 mo
Franklin/templeton Distributors, INC.Broker
June 1993 - September 1994 · 1 yr 3 mos
Franklin Distributors, INC.Broker
May 1988 - May 1990 · 2 yrs
State Registrations2 states
CAIL
Advisor
Exams
No exam information available for this advisor.
Murray Alan Cleaner - Financial Advisor | AdvisorDiscover