Managing Director, Investment Products

Chicago, Illinois
Please provide on your application.
23 Mar 2023
22 Apr 2023
Industry Sector
Finance - General
Employment Type
Full Time

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. 

The Role

This role, reporting to the President of Morningstar Wealth division unit, will lead the U.S. Investment Products business of the group. This is a highly strategic leadership role focused on driving forward the business of our proprietary investment offerings which are accessed via wealth management advisory platforms. You will partner with Product, Investments, Operations, Technology, Compliance, Marketing, Distribution, and Account Management to execute the strategy. The ideal candidate will identify and empathize with clients’ needs, understand the market demand and requirements, the competitive landscape and revenue impact/opportunities, serve as a subject matter expert on our investment management business both internally and externally, and will continuously find ways to grow a mission-aligned business to empower investor success. This position is most preferably based in our Chicago office. Matching our company policy of collaboration, this is a hybrid work position with expectations of at least three days in the office.

Key Responsibilities:

-Leading and growing our proprietary investment products business.

-Full P&L responsibility, including budgeting decisions and sales forecasting.

-Oversee the go-to-market sales strategy and product lifecycle management including innovation in public and private asset classes and enhancements to our investment product lines including Morningstar models, SMAs and open-end mutual fund products.

-Lead cross-functional governance and business committees such as pricing strategy and new product business plans.

-Foster collaboration and execution across product, distribution, marketing, compliance, and investments teams to drive business vision alignment, product innovation and adoption across proprietary and third-party wealth platforms.

-Proactively identify product innovation and existing product positioning opportunities based on industry trends, current market environment and competitive advantages to meet customer needs.

-Perform analysis on key performance indicators (KPIs) and measurements of business and product success (e.g., net sales targets, product profitability, customer satisfaction, quality, etc.) to inform business strategy.

-Engage with the board of directors for the Morningstar suite of mutual funds.


-15+ years relevant senior leadership experience within a regulated asset or wealth management firm.

-Confirmed track record of commercial success and product innovation in the traditional securities, multi-asset models, and/or alternative investment space for advisory clients.

-Highly effective communicator with institutional clients including C-suite executives; strong technical acumen, excellent writing, presentation, and interpersonal skills.

-Deep knowledge of advisor channels, primarily independent RIAs and Broker/Dealers; experience working with the financial advisor community and/or managed account platforms a plus.

-Strong problem solving and analytical abilities including demonstrated experience with research, data gathering and ability to think strategically.

-Strong interpersonal and relationship building skills, with a proven ability to collaborate with diverse, multi-functional teams.

-Bachelor’s degree required; MBA preferred, CFA designation a plus.


While not required, please consider including a customized cover letter with your resume and application.


002_MstarAssocLLC Morningstar Investment Management LLC Legal Entity


If you received and accept an offer from us, we require that personal and any related investments be disclosed confidentially to our Compliance team (days vary by region). These investments will be reviewed to ensure they meet Code of Ethics requirements. If any conflicts of interest are identified, then you will be required to liquidate those holdings immediately. In addition, dependent on your department and location of work certain employee accounts must be held with an approved broker (for example all, U.S. employee accounts). If this applies and your account(s) are not with an approved broker, you will be required to move your holdings to an approved broker.

Morningstar’s hybrid work environment gives you the opportunity to work remotely and collaborate in-person each week. While some positions are available as fully remote, we’ve found that we’re at our best when we’re purposely together on a regular basis, typically three days 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.


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