{
  "crd_number": 105596,
  "slug": "aon-investments-usa-inc-chicago-il-105596",
  "primary_business_name": "AON INVESTMENTS USA INC.",
  "legal_name": "AON INVESTMENTS USA INC.",
  "dbas": [
    "AON"
  ],
  "city": "Chicago",
  "state": "IL",
  "country": "United States",
  "cbsa_code": "16980",
  "metro": {
    "cbsa_code": "16980",
    "common_name": "Chicago",
    "msa_name": "Chicago-Naperville-Elgin, IL-IN",
    "path": "/advisors/il/chicago"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "1982-05-21",
  "years_registered": 44,
  "period": "2026-10-01",
  "filing_date": "2026-03-25",
  "carried_forward": false,
  "raum_total": 150986402821.0,
  "raum_discretionary": 118464245244.0,
  "raum_non_discretionary": 32522157577.0,
  "raum_band": "over_5b",
  "raum_band_label": "Over $5 billion",
  "total_employees": 255,
  "advisory_employees": 248,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "other": {
      "raum": 2587276162.0,
      "count": 72,
      "description": "NUCLEAR DECOMMISSIONING TRUST + NON-PROFITS"
    },
    "charitable": {
      "raum": 1182431625.0,
      "count": 8
    },
    "individuals": {
      "raum": 0.0,
      "count": null,
      "fewer_than_5": true
    },
    "banking_thrift": {
      "raum": 0.0,
      "count": 20
    },
    "state_municipal": {
      "raum": 127130051.0,
      "count": 32
    },
    "insurance_companies": {
      "raum": 0.0,
      "count": 2,
      "fewer_than_5": true
    },
    "investment_companies": {
      "raum": 0.0,
      "count": 3
    },
    "pension_profit_sharing": {
      "raum": 112660440350.0,
      "count": 272
    },
    "other_investment_advisers": {
      "raum": 0.0,
      "count": 0
    },
    "high_net_worth_individuals": {
      "raum": 0.0,
      "count": null,
      "fewer_than_5": true
    },
    "pooled_investment_vehicles": {
      "raum": 34429124633.0,
      "count": 31
    },
    "corporations_other_businesses": {
      "raum": 0.0,
      "count": 139
    },
    "business_development_companies": {
      "raum": 0.0,
      "count": 0
    },
    "sovereign_wealth_foreign_official": {
      "raum": 0.0,
      "count": 0
    }
  },
  "compensation_types": [
    "fixed",
    "hourly",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "educational_seminars",
    "pension_consulting",
    "portfolio_management_businesses_institutional",
    "portfolio_management_investment_companies",
    "portfolio_management_pooled_vehicles",
    "selection_of_other_advisers"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 4,
  "states_registered": [
    "AK",
    "AL",
    "AR",
    "AZ",
    "CA",
    "CO",
    "CT",
    "DC",
    "DE",
    "FL",
    "GA",
    "HI",
    "IA",
    "ID",
    "IL",
    "IN",
    "KS",
    "KY",
    "LA",
    "MA",
    "MD",
    "ME",
    "MI",
    "MN",
    "MO",
    "MS",
    "MT",
    "NC",
    "ND",
    "NE",
    "NH",
    "NJ",
    "NM",
    "NV",
    "NY",
    "OH",
    "OK",
    "OR",
    "PA",
    "PR",
    "RI",
    "SC",
    "SD",
    "TN",
    "TX",
    "UT",
    "VA",
    "VI",
    "VT",
    "WA",
    "WI",
    "WV",
    "WY"
  ],
  "websites": [
    "https://aon.com/en/capabilities/investments",
    "https://aon.com/en/capabilities/pensions-and-retirement",
    "https://insights-north-america.aon.com",
    "https://linkedin.com/company/aon",
    "https://linkedin.com/showcase/aon-wealth"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/105596",
  "disclosure_items": [
    {
      "item": "11.C(1)",
      "question": "Has the SEC or the CFTC ever found that the firm or an advisory affiliate made a false statement or omission?"
    },
    {
      "item": "11.C(2)",
      "question": "Has the SEC or the CFTC ever found that the firm or an advisory affiliate was involved in a violation of SEC or CFTC regulations or statutes?"
    },
    {
      "item": "11.C(4)",
      "question": "Has the SEC or the CFTC ever entered an order against the firm or an advisory affiliate in connection with investment-related activity?"
    },
    {
      "item": "11.C(5)",
      "question": "Has the SEC or the CFTC ever imposed a civil money penalty on the firm or an advisory affiliate, or ordered the firm or an advisory affiliate to cease and desist from an activity?"
    }
  ],
  "city_as_filed": "CHICAGO",
  "url": "https://advisorcensus.com/firm/aon-investments-usa-inc-chicago-il-105596",
  "display_name": "AON Investments USA Inc.",
  "summary": "AON Investments USA Inc. is an SEC-registered investment advisory firm in Chicago, IL, registered since 1982, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated March 25, 2026.",
  "citation": "AdvisorCensus. AON Investments USA Inc. (CRD 105596): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Hourly charges",
    "Fixed fees (other than subscription fees)"
  ],
  "advisory_activity_labels": [
    "Portfolio management for investment companies (and business development companies)",
    "Portfolio management for pooled investment vehicles (other than investment companies)",
    "Portfolio management for businesses (other than small businesses) or institutional clients",
    "Pension consulting services",
    "Selection of other advisers (including private fund managers)",
    "Educational seminars/workshops"
  ],
  "quick_answers": [
    {
      "q": "How is AON Investments USA Inc. compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), AON Investments USA Inc. reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees). The amounts are in Item 5 of its Form ADV Part 2A brochure."
    },
    {
      "q": "Where is AON Investments USA Inc. located?",
      "a": "AON Investments USA Inc.'s principal office is in Chicago, IL, according to its Form ADV; the April 2026 filing also lists 14 other offices (Schedule D, Section 1.F)."
    },
    {
      "q": "Is AON Investments USA Inc. registered with the SEC or a state?",
      "a": "AON Investments USA Inc. is an SEC-registered investment advisory firm, registered since 1982. Status as filed: Approved. CRD 105596."
    },
    {
      "q": "How much does AON Investments USA Inc. manage?",
      "a": "AON Investments USA Inc. reports $150,986,402,821 in regulatory assets under management in its Form ADV filing dated March 25, 2026 (78% discretionary)."
    },
    {
      "q": "How have AON Investments USA Inc.'s assets and staff changed since 2021?",
      "a": "In the Form ADV data for AON Investments USA Inc.: Regulatory assets under management: $145,787,379,922 in the October 2021 data and $150,986,402,821 in the October 2026 data, up 4%. Total employees: 318 in October 2021 and 255 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does AON Investments USA Inc. serve?",
      "a": "By number of clients on Form ADV Item 5.D: pension and profit sharing plans (but not the plan participants or government pension plans) (272); corporations or other businesses not listed above (139); other (72)."
    },
    {
      "q": "Which custodians does AON Investments USA Inc. use?",
      "a": "AON Investments USA Inc.'s most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Fidelity Investments, Northern Trust Corporation and The Bank of New York Mellon as custodians holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does AON Investments USA Inc. report any disciplinary disclosures?",
      "a": "Reports 4 disclosure items on Form ADV Item 11: yes answers to 11.C(1) (SEC or CFTC finding of a false statement or omission), 11.C(2) (SEC or CFTC finding of a violation), 11.C(4) (SEC or CFTC order), and 11.C(5) (SEC or CFTC civil money penalty or cease-and-desist order). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/105596"
    },
    {
      "q": "What changed in AON Investments USA Inc.'s recent Form ADV filings?",
      "a": "In the April 2026 filing data: Employees performing advisory functions went from 256 to 248. Regulatory assets under management went from $136,367,634,451 to $150,986,402,821 (+11%). Changed its office addresses in Atlanta, GA. Changed its office addresses in Raleigh, NC. Added an office in Irvine, CA. Added an office in Jacksonville, FL."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 145787379922.0,
      "total_employees": 318,
      "filing_date": "2021-04-29"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 153864581604.0,
      "total_employees": 321,
      "filing_date": "2022-09-21"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 123917476857.0,
      "total_employees": 332,
      "filing_date": "2023-09-11"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 122915401080.0,
      "total_employees": 286,
      "filing_date": "2024-08-29"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 136367634451.0,
      "total_employees": 263,
      "filing_date": "2025-03-27"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 150986402821.0,
      "total_employees": 255,
      "filing_date": "2026-03-25"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Employees performing advisory functions went from 256 to 248.",
        "Regulatory assets under management went from $136,367,634,451 to $150,986,402,821 (+11%).",
        "Changed its office addresses in Atlanta, GA.",
        "Changed its office addresses in Raleigh, NC.",
        "Added an office in Irvine, CA.",
        "Added an office in Jacksonville, FL."
      ]
    }
  ],
  "fees_from_brochure": null,
  "custodians": [
    {
      "name": "Fidelity Investments",
      "name_as_filed": "FIDELITY INVESTMENTS",
      "affiliated": false
    },
    {
      "name": "Northern Trust Corporation",
      "name_as_filed": "NORTHERN TRUST CORPORATION",
      "affiliated": false
    },
    {
      "name": "The Bank of New York Mellon",
      "name_as_filed": "THE BANK OF NEW YORK MELLON",
      "affiliated": false
    }
  ],
  "custodians_note": "Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.",
  "markdown_url": "https://advisorcensus.com/firm/aon-investments-usa-inc-chicago-il-105596.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": null,
      "fewer_than_5": true,
      "raum": 0.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": null,
      "fewer_than_5": true,
      "raum": 0.0
    },
    {
      "type": "banking_thrift",
      "label": "Banking or thrift institutions",
      "count": 20,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "investment_companies",
      "label": "Investment companies",
      "count": 3,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "business_development_companies",
      "label": "Business development companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 31,
      "fewer_than_5": false,
      "raum": 34429124633.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 272,
      "fewer_than_5": false,
      "raum": 112660440350.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 8,
      "fewer_than_5": false,
      "raum": 1182431625.0
    },
    {
      "type": "state_municipal",
      "label": "State or municipal government entities (including government pension plans)",
      "count": 32,
      "fewer_than_5": false,
      "raum": 127130051.0
    },
    {
      "type": "other_investment_advisers",
      "label": "Other investment advisers",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "insurance_companies",
      "label": "Insurance companies",
      "count": 2,
      "fewer_than_5": true,
      "raum": 0.0
    },
    {
      "type": "sovereign_wealth_foreign_official",
      "label": "Sovereign wealth funds and foreign official institutions",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 139,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "other",
      "label": "Other",
      "count": 72,
      "fewer_than_5": false,
      "raum": 2587276162.0
    }
  ],
  "disclosure_line": "Reports 4 disclosure items on Form ADV Item 11.",
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/105596",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}