Clients
Aon Investments USA serves 579 clients, 272 of them pension and profit-sharing plans. The average client has about $261 million with the firm.
- Pooled investment vehicles31 clients23%
- Pension and profit-sharing plans272 clients75%
- OtherCharitable organizations, State or municipal government entities, Other3%
Show client breakdownHide client breakdown
| Client type | Clients | Regulatory AUM | Share | Avg. per client |
|---|---|---|---|---|
| Banking or thrift institutions | 20 | $0 | 0.0% | $0 |
| Investment companies | 3 | $0 | 0.0% | $0 |
| Pooled investment vehicles | 31 | $34,429,124,633 | 22.8% | $1.11B |
| Pension and profit-sharing plans | 272 | $112,660,440,350 | 74.6% | $414.2M |
| Charitable organizations | 8 | $1,182,431,625 | 0.8% | $147.8M |
| State or municipal government entities | 32 | $127,130,051 | 0.1% | $3.97M |
| Insurance companies | 2 | $0 | 0.0% | $0 |
| Corporations and other businesses | 139 | $0 | 0.0% | $0 |
| Other | 72 | $2,587,276,162 | 1.7% | $35.9M |
| Total | 579 | $150,986,402,821 | 100% | $260.8M |
- Clients
- 20
- Regulatory AUM
- $0
- Share
- 0.0%
- Avg. per client
- $0
- Clients
- 3
- Regulatory AUM
- $0
- Share
- 0.0%
- Avg. per client
- $0
- Clients
- 31
- Regulatory AUM
- $34,429,124,633
- Share
- 22.8%
- Avg. per client
- $1.11B
- Clients
- 272
- Regulatory AUM
- $112,660,440,350
- Share
- 74.6%
- Avg. per client
- $414.2M
- Clients
- 8
- Regulatory AUM
- $1,182,431,625
- Share
- 0.8%
- Avg. per client
- $147.8M
- Clients
- 32
- Regulatory AUM
- $127,130,051
- Share
- 0.1%
- Avg. per client
- $3.97M
- Clients
- 2
- Regulatory AUM
- $0
- Share
- 0.0%
- Avg. per client
- $0
- Clients
- 139
- Regulatory AUM
- $0
- Share
- 0.0%
- Avg. per client
- $0
- Clients
- 72
- Regulatory AUM
- $2,587,276,162
- Share
- 1.7%
- Avg. per client
- $35.9M
Total
- Clients
- 579
- Regulatory AUM
- $150,986,402,821
- Share
- 100%
- Avg. per client
- $260.8M
What it does
Aon Investments USA provides portfolio management for investment companies, portfolio management for pooled vehicles, portfolio management for institutions, pension consulting, selecting other managers and educational seminars. It is paid through a percentage of assets, hourly charges and fixed fees.
Aon Investments USA provided financial planning to 0 clients last fiscal year and advises 8 private funds.
78.5% of assets ($118.46B across 277 accounts) are managed with discretion; $32.52B across 23 accounts are not. 3% of clients are outside the U.S., and 387 clients received advice without assets under management last fiscal year.
What the accounts hold
The filed percentages total 101%. The values below are shown as filed.
- Securities issued by registered investment companies or business development companies
- 6%
- Securities issued by pooled investment vehicles (other than registered investment companies)
- 82%
- Cash and cash equivalents
- 3%
- Other (Accounts Managed by Unaffiliated Investment Advisors Where Aon Has Discretionary Authority to Hire and Fire Such Managers.)
- 10%
Custodians
Aon Investments USA’s client accounts are held mainly at Fidelity, with 30% of managed assets, and Northern Trust, with 25%. Aon Investments USA has custody of $150.99B for 163 clients.
- The Bank of New York MellonThe Bank of New York Mellon · New York, NY · $26.32B17%
- Northern TrustNorthern Trust Corporation · Chicago, IL · $37.70B25%
- FidelityFidelity Investments · Boston, MA · $45.31B30%
- All other custodians$41.65B28%
Ownership and leadership
Aon Consulting, Inc. owns 75% or more of Aon Investments USA.
- Owns 75% or more of Aon Investments USA Inc.
Aon Consulting, Inc.
Control person · since December 2010
- Owns 75% or more of Aon Consulting, Inc.
Aon Group, Inc.
Control person · since December 2018
- Owns 75% or more of Aon Group, Inc.
Aon Corporation
Control person · since February 1997
- Owns 75% or more of Aon Corporation
Aon North America, Inc.
Control person · since April 2022
- Owns 75% or more of Aon North America, Inc.
Aon Global Holdings Intermediaries Limited
Control person · since July 1980
- Owns 75% or more of Aon Global Holdings Intermediaries Limited
Aon Global Holdings PLC
Control person · since December 2021
- Owns 75% or more of Aon Global Holdings PLC
Aon Global Limited
Control person · since March 2020
- Owns 75% or more of Aon Global Limited
Randolph Finance Unlimited Company
Control person · since April 2020
- Owns 75% or more of Randolph Finance Unlimited Company
Aon PLC
Control person · since April 2020
Leadership
- David TestoreChief Operating Officer
- Matthew WallaceChief Compliance Officer
- Beth HalberstadtHead of Solutions
- Russell IvinjackGlobal Chief Investment Officer
- Ari JacobsGlobal Head of Investments
- Nicole RobertsonHead of Investment Operations - North America
- Bryan WardHead of U.S. Investments
- Kevin ZagortzUS Chief Investment Officer
Staff
- 255 employees
- 248 in advisory functions
- 19 broker-dealer reps
Fees
Aon Investments USA is paid through a percentage of assets under management, hourly charges and fixed fees (other than subscription fees).
Aon Investments USA’s fee rates are not included in this profile. Find its brochure on the SEC’s site.
Offices and registrations
Besides its headquarters, Aon Investments USA has 14 offices, with 15 listed addresses across 12 states.
California · 2 listed addresses
- 425 Market ST, San Francisco
- 17875 Von Karman, Irvine
Illinois · 2 listed addresses
- 200 East Randolph Street, Suite 600, ChicagoHQ
- 3000 Lakeside Drive, Bannockburn
Massachusetts · 2 listed addresses
- 700 District Avenue, Burlington
- 53 State Street, Boston
Connecticut · 1 listed address
- 800 Connecticut Ave, Norwalk
Florida · 1 listed address
- 4651 Salisbury RD., Jacksonville
Georgia · 1 listed address
- 3 Ravina DR., Atlanta
Minnesota · 1 listed address
- 5600 W. 83rd., Bloomington
Missouri · 1 listed address
- 4220 Duncan Ave, ST Louis
New Jersey · 1 listed address
- 200 Connell Drive, Berkeley Heights
New York · 1 listed address
- 165 Broadway One Liberty Plaza, New York
North Carolina · 1 listed address
- 4000 Center;north Hills ST, Raleigh
Washington · 1 listed address
- 1420 Fifth Avenue, Seattle
Other business names
Aon Investments USA has reported 1 other business name to the SEC.
- Aon
Registration details
- Legal name
- Aon Investments USA Inc.
- Headquarters
- 200 East Randolph Street, Suite 600, Chicago, IL 60601
- Phone
- 13123817963
- Website
- Not reported
- SEC file
- 801-17219
- Structure
- Illinois corporation
- Fiscal year end
- December
This directory does not report disciplinary history, for any firm or individual, in either direction. The SEC publishes the complete record, including any disciplinary events, and it is the authoritative place to check one. See this firm's record on adviserinfo.sec.gov
Common questions
How many clients does Aon Investments USA have?
Aon Investments USA has 579 clients and manages $151 billion for them, as of March 2026. They include 272 pension and profit-sharing plans, 139 corporations and other businesses and 72 other clients.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 25 March 2026
What services does Aon Investments USA offer?
Aon Investments USA provides portfolio management for investment companies, portfolio management for pooled vehicles, portfolio management for institutions, pension consulting, selecting other managers and educational seminars.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does Aon Investments USA use?
Aon Investments USA’s separately managed account assets are held at Fidelity Investments (Boston, MA), with $45,309,319,318, Northern Trust Corporation (Chicago, IL), with $37,702,668,483 and The Bank of New York Mellon (New York, NY), with $26,320,567,072. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 25 March 2026
How many financial advisors does Aon Investments USA have?
Aon Investments USA has 0 investment adviser representatives registered with state securities authorities, out of 255 employees, and 248 perform investment advisory functions. 19 are registered representatives of a broker-dealer and 0 are licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Aon Investments USA invest in?
At the end of its last fiscal year, Aon Investments USA’s separately managed accounts held 82% pooled vehicles (private funds and similar), 10% accounts managed by unaffiliated investment advisors where aon has discretionary authority to hire and fire such managers., 6% registered funds (mutual funds, ETFs, BDCs) and 3% cash and equivalents. It advises 8 private funds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Aon Investments USA?
Aon Investments USA is owned through a chain of holding companies by Aon PLC. Its direct owner is Aon Consulting, Inc. (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 25 March 2026
How does Aon Investments USA get paid?
Aon Investments USA is paid through a percentage of assets under management, hourly charges and fixed fees. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file