Ariel Investments, Llc
SEC-registered
Investment Adviser · Large ($10B–$100B)
CRD 108211
· SEC file 801-18767
· Chicago, IL
· vimeo.com
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ADV data as of Jul 28, 2026
- Regulatory AUM
- $12.8B
- Discretionary
- $12.8B
- Clients
- 146
- Avg AUM / client
- $87.5M
- Accounts
- 146
- Employees
- 109
AUM over time
$3.9B
$17.4B
Dec 2011
Jul 2026
Annual snapshots from Form ADV filings · as of Jul 28, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Individuals (non-high net worth) | 5 | $6.4M | 0.05% |
| High net worth individuals | 47 | $1.4B | 10.6% |
| Investment companies | 7 | $4.2B | 33.1% |
| Pooled investment vehicles (non-investment companies) | 3 | $205M | 1.61% |
| Pension and profit sharing plans | 19 | $1.6B | 12.6% |
| Charitable organizations | 24 | $839M | 6.57% |
| State or municipal government entities | 27 | $3.8B | 30.0% |
| Other investment advisers | 6 | $23.2M | 0.18% |
| Insurance companies | 3 | $271M | 2.12% |
| Corporations and other businesses | 5 | $406M | 3.18% |
Private funds (1)
Reported in Form ADV Section 7.B.(1), filing of Sep 2024 · $159M combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Ariel International Dm/Em Llc | Other Private Fund | Delaware | $159M | 10 |
Retirement plan clients
Plans that reported this firm as an investment service provider on Form 5500 Schedule C.
People (23)
roster as of Jul 20, 2026| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Hobson Lucas, Mellody, Louise | Co Ceo, President And Director | May 2000 (26y) | 25% – 50% | |
| Rogers, John, Washington | Chairman, Co Ceo, Chief Investment Officer And Director | May 2000 (26y) | ≈ 12.5% – 37.5% via Ariel Capital Management Holdings, Inc. | |
| Bobrinskoy, Charles, Kellogg | Vice Chairman | Sep 2004 (22y) | Less than 5% | |
| Fox, Wendy, Devorah | Senior Vice President, Chief Compliance Officer | Oct 2004 (22y) | Less than 5% | |
| Fidler, Timothy, Robert | Executive Vice President, Director Of Research | Dec 2018 (8y) | Less than 5% | |
| Cremers, Klaas, Jan, Martijn | Director | Jul 2019 (7y) | Less than 5% | |
| Duncan, Arne, Starkey | Director | Jul 2019 (7y) | Less than 5% | |
| Jarrett, Valerie, Bowman | Director | Jul 2019 (7y) | Less than 5% | |
| Tookes, Heather, Elise | Director | Jul 2019 (7y) | Less than 5% | |
| Wolff, Paula | Director | Jul 2019 (7y) | Less than 5% | |
| Kuhrt, Kenneth, Edwin | Executive Vice President | Jan 2021 (6y) | Less than 5% | |
| Merchant, Fazal, Farook | Director | Mar 2021 (5y) | Less than 5% | |
| Romero, Anthony, David | Director | Mar 2021 (5y) | Less than 5% | |
| Calderon, Carlos, Estuardo | Senior Vice President, Chief Financial Officer | Jun 2021 (5y) | Less than 5% | |
| Smith, Judy, Arline | Director | Jun 2021 (5y) | Less than 5% | |
| Rodriguez Ayala, Emma, Leonor | Executive Vice President, Chief Administrative Officer, General Counsel & Secretary | Jan 2023 (4y) | Less than 5% | |
| Mallari D'auria, Henry, S | Executive Vice President, Chief Investment Officer, Global & Emerging Markets Equities | Sep 2023 (3y) | Less than 5% | |
| James Ross Prescott | Registered representative | Sep 2014 (12y) | ||
| Henry Edward Sholl | Registered representative | CFP | Aug 2021 (5y) | |
| Danan Michael Kirby | Registered representative | Dec 2021 (5y) | ||
| Nicholas Peter Sarkos | Registered representative | May 2023 (3y) | ||
| Jessica Richard | Registered representative | Oct 2023 (3y) | ||
| Kara Irene Brosio | Registered representative | Feb 2026 (0y) |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Ariel Capital Management Holdings, Inc. | Owner | Feb 2004 | A | 25% – 50% |
Undisclosed: 0% – 50% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Rogers, John, Washington: 50% – 75% of Ariel Capital Management Holdings, Inc. × 25% – 50% direct ≈ 12.5% – 37.5% of the firm
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Private funds (1, $159M gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Ariel International Dm/Em Llc | Other Private Fund | $159M | $5.0M | 10 |
From Form ADV Section 7.B private fund reporting.
Retirement plans served (23)
| Plan | Sponsor | Participants | Plan assets | As of |
|---|---|---|---|---|
| Smart Local 265 Pension Fund | Trustees Of The Smart Local 265 Pension Fund | 1,234 | $607M | 07/01/2024 |
| The National Football League Club Employees Pension Plan | Multiple Employers | 4,544 | $2.2B | 04/01/2024 |
| Nfl Pension Plan | National Football League | 1,600 | $544M | 04/01/2024 |
| Microsoft Corporation Savings Plus 401 K Plan | Microsoft Corporation | 123,878 | $65.6B | 01/01/2024 |
| The National Football League Capital Accumulation Plan | Indianapolis Colts, Inc. | 263 | $71.9M | 01/01/2024 |
| The National Football League Capital Accumulation Plan | Buffalo Bills, Llc | 298 | $91.1M | 01/01/2024 |
| The Nielsen Company Retirement Plan | Tnc Us Holdings, Inc. | 579 | $265M | 01/01/2024 |
| The National Football League Capital Accumulation Plan | Chargers Football Company | 277 | $53.4M | 01/01/2024 |
| The National Football League Capital Accumulation Plan | National Football League | 2,051 | $254M | 01/01/2024 |
| The National Football League Capital Accumulation Plan | National Football League | 143 | $99.4M | 01/01/2024 |
| American Electric Power System Retirement Plan | American Electric Power Service Corporation | 15,217 | $4.1B | 01/01/2024 |
| The National Football League Capital Accumulation Plan | Pittsburgh Steelers, Llc | 219 | $38.2M | 01/01/2024 |
| The National Football League Capital Accumulation Plan | Chicago Bears Football Club, Inc. | 290 | $50.9M | 01/01/2024 |
| The National Football League Capital Accumulation Plan | Green Bay Packers, Inc. | 1,409 | $79.8M | 01/01/2024 |
| The National Football League Capital Accumulation Plan | New York Football Giants, Inc. | 228 | $59.8M | 01/01/2024 |
| The National Football League Capital Accumulation Plan | Football Northwest, Llc | 403 | $59.2M | 01/01/2024 |
| The Southern Company Pension Plan | Southern Company Services, Inc. | 26,369 | $15.3B | 01/01/2024 |
| The National Football League Capital Accumulation Plan | San Francisco Forty Niners, Limited | 471 | $102M | 01/01/2024 |
| The National Football League Capital Accumulation Plan | Houston Nfl Holdings, L.P. | 285 | $51.6M | 01/01/2024 |
| The National Football League Capital Accumulation Plan | Baltimore Ravens Limited | 304 | $56.7M | 01/01/2024 |
| Oncor Retirement Plan | Oncor Electric Delivery Company Llc | 4,646 | $1.9B | 01/01/2024 |
| The Travelers Pension Plan | Travelers Companies, Inc. | 27,531 | $4.2B | 01/01/2024 |
| Frontier Communications Pension Plan | Frontier Communications Corporation | 11,190 | $2.6B | 01/01/2020 |
From Form 5500 service-provider disclosures.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 04/10/2026 | 2.11 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Performance-based fees
Services
- • Portfolio management for individuals/small businesses
- • Portfolio management for investment companies
- • Portfolio management for pooled investment vehicles
- • Portfolio management for businesses/institutional clients
Custody
Reported custodians
- Northern Trust $3.6B (28% of AUM) Apr 2026
- BNY Mellon $1.8B (14% of AUM) Apr 2026
- State Street $1.5B (12% of AUM) Apr 2026
- J.P. Morgan $1.4B (9% of AUM) Nov 2023
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports having custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Jul 28, 2026.
View current Form ADV (SEC/IAPD) ↗