The Group:
Morningstar Wealth is a core part of the broader Morningstar group, empowering investor success by delivering world-class investment products and technology solutions to advisors, individuals, and the businesses who serve them. As a global team, we build upon our renowned data, research, analytics and thought leadership to deliver intelligent, flexible, and scalable products into the hands of our clients. By bringing the best of Morningstar together, we remove friction, save time, and help clients achieve goals.
Position Summary:
The Director of Advisor Practice Management will lead the development and delivery of Morningstar's advisor consulting and practice management strategy. This individual contributor role is responsible for helping financial advisors build stronger, more productive businesses while increasing advisor satisfaction, engagement, and retention.
Acting as a trusted consultant to advisors and a strategic partner to the distribution organization, the Director will create scalable programs, thought leadership, and coaching frameworks that address key advisor challenges including growth, client acquisition, segmentation, staffing, succession planning, business development, productivity, and practice management.
This individual will also help advisors unlock additional value from Morningstar's broader capabilities, ensuring Morningstar is viewed as a strategic business partner rather than solely an investment management provider.
Key Responsibilities:
Advisor Consulting
- Serve as a trusted practice management consultant to top advisor relationships.
- Conduct consultations, workshops, and coaching sessions with advisors and enterprise partners.
- Help advisors improve business growth, productivity, client experience, and operational effectiveness.
- Deliver actionable recommendations supported by industry best practices and benchmarking.
Intellectual Capital & Content Development
- Create practice management frameworks, tools, assessments, workshops, and advisor-facing resources.
- Develop thought leadership on advisor growth, business management, succession planning, staffing, and client acquisition.
- Maintain a forward-looking perspective on industry trends and advisor business challenges.
Distribution Enablement
- Partner closely with sales leadership, relationship managers, and portfolio specialists.
- Equip field teams with practice management insights and tools that deepen advisor relationships.
- Support strategic advisor and home-office engagements.
Advisor Engagement
- Lead webinars, workshops, conference presentations, and advisor events.
- Increase participation and engagement in practice management offerings.
- Help establish Morningstar as a leading thought partner to advisors.
Cross-Functional Collaboration
- Partner across investment management, wealth, marketing, research, and product teams.
- Identify opportunities to connect advisor needs with relevant Morningstar capabilities.
- Support initiatives that deepen client relationships and strengthen retention.
Compensation and Benefits
At Morningstar we believe people are at their best when they are at their healthiest. That’s why we champion your wellness through a wide range of programs that support all stages of your personal and professional life. Here are some examples of the offerings we provide:
Financial Health
100% 401k match up to 6% of salary
Stock Ownership Potential
Company provided life insurance - 1x salary + commission
Physical Health
Comprehensive health benefits (medical/dental/vision) including potential premium discounts and company-provided HSA contributions (up to $500-$2,000 annually) for specific plans and coverages
Additional medical Wellness Incentives - up to $300-$600 annual
Company-provided long- and short-term disability insurance
Emotional Health
Trust-Based Time Off
6-week Paid Sabbatical Program
6-Week Paid Family Caregiving Leave
Competitive 8-24 Week Paid Parental Leave
Adoption Assistance
Leadership Coaching & Formal Mentorship Opportunities
Annual Flex Stipend - $1000 annually to cover personal education & well-being expenses
Tuition Reimbursement
Social Health
Charitable Matching Gifts program
Dollars for Doers volunteer program
Paid volunteering days
15+ Employee Resource & Affinity Groups
Total Cash Compensation Range
$170,925.00-262,075.00Inclusive of annual base salary and target incentive
Morningstar's hybrid work environment gives you the opportunity to collaborate in-person each week as we've found that we're at our best when we're purposely together on a regular basis. In most of our locations, our hybrid work model is four days in-office each week. A range of other benefits are also available to enhance flexibility as needs change. No matter where you are, you'll have tools and resources to engage meaningfully with your global colleagues.
002_MstarAssocLLC Morningstar Investment Management LLC Legal EntityMorningstar Chicago, Illinois, USA Office
Morningstar Global Headquarters Office
22 West Washington Street, Chicago, IL, United States, 60602
Morningstar’s Chicago office is the company’s headquarters, bringing together teams across research, technology, product, sales, corporate functions, and more. Employees work in a mission-driven culture shaped by independent thinking, openness, and fact-based decision-making, with the energy of a downtown location and opportunities to connect across teams.
Software Engineering
Software engineers at Morningstar build and maintain the applications that power the firm's work, and they do it in a culture built on independent thinking, evidence-based decisions, and continuous learning. Engineers are trusted to bring their own perspective and judgment to how the work gets done. That's not incidental to the culture here; it's central to it.
Product Manager
Product managers at Morningstar sit at the center of decisions that shape what gets built, and how it works. In Chicago, product managers work across areas including Credit Ratings; Data, Analytics & Research; Indexes; Investment Management & Services; and Corporate. Product managers are trusted to define what problems are worth solving and bring their own judgement to every stage of the process.
Research
Research at Morningstar spans markets, asset classes, and disciplines, all connected by the same purpose: give investors what they need to make confident decisions. Our independent research covers equities, managed investments, fixed income, alternatives, private markets, ESG and climate, and credit ratings. Analysts bring their own judgment to complex questions, and that independence is central to how the work gets done.
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