# McMorgan & Company LLC

> McMorgan & Company LLC is an SEC-registered investment advisory firm in San Francisco, CA, registered since 2001, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated September 16, 2026.

- CRD: 115060
- Filed as: MCMORGAN & COMPANY LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: San Francisco, CA
- Filing period: October 2026
- Form ADV filing dated: September 16, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/115060
- AdvisorCensus page: https://advisorcensus.com/firm/mcmorgan-and-company-llc-san-francisco-ca-115060

## Quick answers

**How is McMorgan & Company LLC compensated?**
On its Form ADV (Item 5.E, October 2026), McMorgan & Company LLC reports these compensation arrangements: a percentage of assets under its management; performance-based fees; other.

**Where is McMorgan & Company LLC located?**
McMorgan & Company LLC's principal office is in San Francisco, CA, according to its Form ADV; the October 2026 filing also lists 2 other offices (Schedule D, Section 1.F).

**Is McMorgan & Company LLC registered with the SEC or a state?**
McMorgan & Company LLC is an SEC-registered investment advisory firm, registered since 2001. Status as filed: Approved. CRD 115060.

**How much does McMorgan & Company LLC manage?**
McMorgan & Company LLC reports $7,609,155,605 in regulatory assets under management in its Form ADV filing dated September 16, 2026 (100% discretionary).

**How have McMorgan & Company LLC's assets and staff changed since 2021?**
In the Form ADV data for McMorgan & Company LLC: Regulatory assets under management: $7,003,794,941 in the October 2021 data and $7,609,155,605 in the October 2026 data, up 9%. Total employees: 29 in October 2021 and 26 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does McMorgan & Company LLC serve?**
By number of clients on Form ADV Item 5.D: other (143); pension and profit sharing plans (but not the plan participants or government pension plans) (32); individuals (other than high net worth individuals) (26).

**Which custodians does McMorgan & Company LLC use?**
McMorgan & Company LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Amalgamated Bank, National Financial Services and U.S. Bank Institutional Trust and Custody as custodians holding 10% or more of its separately managed account assets.

**Does McMorgan & Company LLC report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/115060

**What changed in McMorgan & Company LLC's recent Form ADV filings?**
In the October 2026 filing data: Registered or notice-filed in FL.

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Performance-based fees
- Other

### Custodians (Schedule D, Section 5.K(3))
- Amalgamated Bank
- National Financial Services
- U.S. Bank Institutional Trust and Custody

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.

### Regulatory assets under management (Item 5.F)
- Total: $7,609,155,605
- Discretionary: $7,603,816,405
- Non-discretionary: $5,339,200

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 26 | $4,868,528 |
| High net worth individuals | 15 | $12,256,926 |
| Pooled investment vehicles (other than investment companies and business development companies) | 7 | $1,911,855,296 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 32 | $3,047,267,140 |
| Other | 143 | $2,632,907,715 |

### Advisory services (Item 5.G)
- Portfolio management for individuals and/or small businesses
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients
- Selection of other advisers (including private fund managers)

### Firm details
- Registered since: 2001 (24 years)
- Employees: 26 total, 14 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA, FL, IL
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the October 2026 filing
- Burbank, CA
- Oakbrook Terrace, IL

### Websites listed on Form ADV (Item 1.I)
- mcmorgan.com

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $7,003,794,941 | 29 | April 8, 2021 |
| October 2022 | $7,339,730,461 | 30 | July 5, 2022 |
| October 2023 | $6,614,281,129 | 31 | August 8, 2023 |
| October 2024 | $7,053,394,884 | 31 | June 6, 2024 |
| October 2025 | $7,421,647,589 | 29 | June 12, 2025 |
| October 2026 | $7,609,155,605 | 26 | September 16, 2026 |

Regulatory assets under management: $7,003,794,941 in the October 2021 data and $7,609,155,605 in the October 2026 data, up 9%.
Total employees: 29 in October 2021 and 26 in October 2026.

## Changes in the filing (last 12 months)

### October 2026
- Registered or notice-filed in FL.

### April 2026
- Employees performing advisory functions went from 16 to 14.
- No longer lists an office in Thousand Oaks, CA.
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. McMorgan & Company LLC (CRD 115060): Form ADV filing data as of October 2026.