Mcmorgan & Company Llc
SEC-registered
Institutional / Pension Advisor · Mid-sized ($1B–$10B)
CRD 115060
· SEC file 801-60509
· San Francisco, CA
· WWW.MCMORGAN.COM
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ADV data as of Jul 24, 2026
- Regulatory AUM
- $7.6B
- Discretionary
- $7.6B
- Clients
- 223
- Avg AUM / client
- $34.1M
- Accounts
- 221
- Employees
- 26
AUM over time
$4.3B
$7.6B
Dec 2011
Jul 2026
Annual snapshots from Form ADV filings · as of Jul 24, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Individuals (non-high net worth) | 26 | $4.9M | 0.06% |
| High net worth individuals | 15 | $12.3M | 0.16% |
| Pooled investment vehicles (non-investment companies) | 7 | $1.9B | 25.1% |
| Pension and profit sharing plans | 32 | $3.0B | 40.0% |
| Other | 143 | $2.6B | 34.6% |
Private funds (6)
Reported in Form ADV Section 7.B.(1), filing of Dec 2024 · $1.1B combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Mcmorgan Infrastructure Fund I, L.P. | Other Private Fund | Delaware | $991M | 58 |
| Mcmorgan Infrastructure Fund Ii (Canada) Lp feeder | Other Private Fund | Delaware | $109M | 3 |
| Mcmorgan Infrastructure Fund Ii (Erisa) Lp feeder | Other Private Fund | Delaware | $34.3M | 0 |
| Mcmorgan Vickers Fund Vi, L.P | Venture Capital Fund | Delaware | $9.6M | 2 |
| Mcmorgan Opportunity Fund, Lp | Other Private Fund | Delaware | $7.0M | 24 |
| Mcmorgan Infrastructure Fund Ii Lp master | Other Private Fund | Delaware | $0 | 0 |
Nonprofit clients
Charities that reported this firm as a top-paid contractor (investment services) on Form 990.
| Charity | Location | Period |
|---|---|---|
| Carpenters Apprenticeship And Training Tr Fund For No Calif EIN 931079534 | Pleasanton, CA | 08/31/2024 |
| Laborers Health And Welfare Trust Fund For Northern California EIN 941235152 | Pleasanton, CA | 05/31/2024 |
| California Service Employees Health And Welfare Trust Fund EIN 941206350 | Seattle, WA | 04/30/2024 |
Retirement plan clients
Plans that reported this firm as an investment service provider on Form 5500 Schedule C.
| Plan | Location | Plan year |
|---|---|---|
| Union Roofers Supplemental Annuity Trust Fund Union Roofers Supplemental Annuity Trust Fund | Downey, CA | 2024 |
| No Calif Glaziers, Architectural Metal And Glassworkers Pension Plan Board Of Trustees, No. Calif. Glaziers Architectural Metal & Glas | 2024 | |
| Laborers Pension Trust Fund For Northern California Board Of Trustees Laborers Pension Trust Fund For Northern California | 2024 | |
| Laborers Annuity Plan For Northern California Board Of Trustees Laborers Pension Trust Fund For Nor Cal Annuity | 2024 | |
| Motion Picture Industry Pension Plan Board Of Directors, Motion Picture Industry Pension | 2024 | |
| Boilermakers National Annuity Trust Board Of Trustees Boilermakers National Annuity | 2024 | |
| Pension Trust Fund For Operating Engineers Board Of Trustees, Pension Trust Fund For Operating | 2024 | |
| Construction Industry And Laborers Joint Pension Trust For So Nevada, Plan A Con Ind & Laborers Joint Pension Trust Board Of Trustees | Las Vegas, NV | 2024 |
| Automotive Industries Individual Account Retirement Plan Bd Of Trustees, Automotive Ind. Individual Account | 2024 | |
| Painting Industry Annuity Fund Board Of Trustees Of The Painting Industry Annuity Fund | 2024 | |
| Automotive Industries Pension Plan Board Of Trustees Automotive Industries Pension Plan | 2024 | |
| New York State Nurses Association Pension Plan Board Of Trustees New York State Nurses Association Pension Plan | Albany, NY | 2024 |
| Iuoe Stationary Engineers Local 39 Pension Plan Bot Of Iuoe Stationary Engineers Local 39 Pension Plan | 2024 | |
| Sheet Metal Workers' Pension Plan Of Southern California Arizona And Nevada Board Of Trustees, Sheet Metal Workers' Pension Plan | 2024 | |
| Ufcw No. California Employers Joint Pension Plan Board Of Trustees, Ufcw No. California Employers Joint Pension Plan | 2024 |
People (7)
roster as of Jul 20, 2026| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Morton, Brian, Thomas | President, Board Of Managers, Member | Sep 2002 (24y) | 10% – 25% | |
| John F. Scott Santaguida | Ceo & Board Of Managers | Jan 2008 (19y) | 10% – 25% | |
| Josef, Andrew, S | General Counsel And Chief Compliance Officer | Jul 2012 (14y) | Less than 5% | |
| Tsuboi, Ken, Hiroshi | Chief Investment Officer | Jul 2020 (6y) | Less than 5% | |
| Derse, Thomas, Anthony | President Of Equity Division, Portfolio Manager | Nov 2020 (6y) | Less than 5% | |
| Larson, Scott, Thomas | Co Chief Investment Officer Of Equity Division, Portfolio Manager | Nov 2020 (6y) | Less than 5% | |
| Ross, Ryan, Jared | Co Chief Investment Officer Of Equity Division, Portfolio Manager | Nov 2020 (6y) | Less than 5% |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Mcm Holdings, Lp | Owner | Apr 2017 | A | 75% or more |
| Mcm Holdings Gp, Llc | Owner | Apr 2017 | A | Less than 5% |
Undisclosed: 0% – 5% of the firm is not attributable from the filed Schedule A bands.
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 (6, $1.1B gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Mcmorgan Infrastructure Fund I, L.P. | Other Private Fund | $991M | $10.0M | 58 |
| Mcmorgan Infrastructure Fund Ii (Canada) Lp | Other Private Fund | $109M | $1.0M | 3 |
| Mcmorgan Infrastructure Fund Ii (Erisa) Lp | Other Private Fund | $34.3M | $10.0M | 0 |
| Mcmorgan Vickers Fund Vi, L.P | Venture Capital Fund | $9.6M | $5.0M | 2 |
| Mcmorgan Opportunity Fund, Lp | Other Private Fund | $7.0M | $50.0K | 24 |
| Mcmorgan Infrastructure Fund Ii Lp | Other Private Fund | $0 | $10.0M | 0 |
From Form ADV Section 7.B private fund reporting.
Retirement plans served (15)
| Plan | Sponsor | Participants | Plan assets | As of |
|---|---|---|---|---|
| Union Roofers Supplemental Annuity Trust Fund | Union Roofers Supplemental Annuity Trust Fund | 6,984 | $53.5M | 09/01/2024 |
| No Calif Glaziers, Architectural Metal And Glassworkers Pension Plan | Board Of Trustees, No. Calif. Glaziers Architectural Metal & Glas | 1,426 | $549M | 07/01/2024 |
| Laborers Pension Trust Fund For Northern California | Board Of Trustees Laborers Pension Trust Fund For Northern California | 20,573 | $5.5B | 06/01/2024 |
| Laborers Annuity Plan For Northern California | Board Of Trustees Laborers Pension Trust Fund For Nor Cal Annuity | 29,190 | $1.6B | 06/01/2024 |
| Motion Picture Industry Pension Plan | Board Of Directors, Motion Picture Industry Pension | 61,464 | $5.9B | 01/01/2024 |
| Boilermakers National Annuity Trust | Board Of Trustees Boilermakers National Annuity | 27,657 | $1.3B | 01/01/2024 |
| Pension Trust Fund For Operating Engineers | Board Of Trustees, Pension Trust Fund For Operating | 20,793 | $5.4B | 01/01/2024 |
| Construction Industry And Laborers Joint Pension Trust For So Nevada, Plan A | Con Ind & Laborers Joint Pension Trust Board Of Trustees | 2,950 | $653M | 01/01/2024 |
| Automotive Industries Individual Account Retirement Plan | Bd Of Trustees, Automotive Ind. Individual Account | 964 | $59.5M | 01/01/2024 |
| Painting Industry Annuity Fund | Board Of Trustees Of The Painting Industry Annuity Fund | 5,406 | $884M | 01/01/2024 |
| Automotive Industries Pension Plan | Board Of Trustees Automotive Industries Pension Plan | 2,999 | $2.1B | 01/01/2024 |
| New York State Nurses Association Pension Plan | Board Of Trustees New York State Nurses Association Pension Plan | 22,140 | $5.9B | 01/01/2024 |
| Iuoe Stationary Engineers Local 39 Pension Plan | Bot Of Iuoe Stationary Engineers Local 39 Pension Plan | 4,997 | $2.0B | 01/01/2024 |
| Sheet Metal Workers' Pension Plan Of Southern California Arizona And Nevada | Board Of Trustees, Sheet Metal Workers' Pension Plan | 5,519 | $1.4B | 01/01/2024 |
| Ufcw No. California Employers Joint Pension Plan | Board Of Trustees, Ufcw No. California Employers Joint Pension Plan | 39,903 | $2.9B | 01/01/2024 |
From Form 5500 service-provider disclosures.
Foundations & charities (3)
| Organization | Type | Assets | As of |
|---|---|---|---|
| Carpenters Apprenticeship And Training Tr Fund For No Calif | Public charity | $212M | 08/31/2024 |
| Laborers Health And Welfare Trust Fund For Northern California | Public charity | $500M | 05/31/2024 |
| California Service Employees Health And Welfare Trust Fund | Public charity | $161M | 04/30/2024 |
From IRS Form 990 investment-management-fee disclosures.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/30/2026 | 2.84 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
- • Other fees
- • SERVICE FEES
Services
- • Portfolio management for individuals/small businesses
- • Portfolio management for pooled investment vehicles
- • Portfolio management for businesses/institutional clients
- • Selection of other advisers
Custody
Reported custodians
- U.S. Bank $1.5B (20% of AUM) Mar 2026
- BNY Mellon $1.0B (16% of AUM) Oct 2023
- National Financial Services (Fidelity) $862M (11% of AUM) Mar 2026
- Amalgamated Bank $856M (11% of AUM) Mar 2026
- Northern Trust $619M (9% of AUM) Dec 2024
- Amalgamated Trust Company $558M (8% of AUM) Feb 2022
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 24, 2026.
View current Form ADV (SEC/IAPD) ↗