UNITED INCOME, INC.

HTTP://WWW.SIGMA-FSI.COM/ WASHINGTON, DC Investment Advisor How do I update this listing?

United Income is based out of Washington. United Income is a large advisory firm with 750 clients and discretionary assets under management (AUM) of $716,863,532 (Form ADV from 2018-08-01). Their last reported 13F filing for Q3 2019 included $429,782,000 in managed 13F securities and a top 10 holdings concentration of 44.03%. United Income's largest holding is SPDR S&P 500 ETF Trust with shares held of 134,613. Whalewisdom has at least 4 13F filings The firm last filed a Form D notice of exempt offering of securities on 2018-08-17. The notice included securities offered of Equity

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09/30/2019

13F Sector Allocation Over Time

09/30/2019

13F Activity

  • Market Value $429.782 Million
  • Prior Market Value $407.122 Million
  • New Purchases31 stocks
  • Additional Purchases50 stocks
  • Sold out of4 stocks
  • Reduced holdings in87 stocks
  • Top 10 Holdings % 44.03 %
  • Turnover % [1]:17.86%
  • Turnover Alt % [2]: 7.68 %
  • Time Held Top20:2.85 quarters
  • Time Held Top10:2.90 quarters
  • Time Held All:2.50 quarters

[1]: Turnover is calculated by taking the # of new holdings (initial purchases) + the # of positions sold out of (not just reduced) divided by the total # of holdings for the quarter.

[2]: Alt Turnover is calculated by taking either the total MV of new purchases or the MV of securities sold, whichever is less, divided by the total MV of the fund.

Portfolio Performance

Top 20 equal-weighted holdings. Performance numbers calculated through 2019-11-14

Performance for Q3 2019: 5.7%
Performance Last 4 Quarters: 0.0%
Performance Metrics
Stats are not available for the latest quarter

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*Shares are split adjusted
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13F Filings Available:
  • 2019-09-30 - 13F-HR (Subscription required)
  • 2019-06-30 - 13F-HR (Subscription required)
  • 2019-03-31 - 13F-HR (Subscription required)
  • 2018-12-31 - 13F-HR (Subscription required)

View Last Form Adv Compilation Report on Record

UNITED INCOME, INC.
1660 L ST. NW SUITE 1000
WASHINGTON DC    20036
Country: United States

Business Phone: 202-558-2017
Fax: 855-215-3032
Professional Investment Advisor Data
SEC Registration as : Large Advisory Firm
Form of Organization: Corporation
Organized in: DE
Number of employees: 44
Other Business Activities:
Advisor Fees/Compensation: Percentage of assets under management,Fixed fees
Amount of client funds and securities: 216,812,000
Total Number of Clients: 750
Amount of client funds and securities by related persons:
Total Number of clients from related persons:
Disclosures:
Data above was derived from SEC filings.

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Form D Filings

Form D is a form to be used to file a notice of an exempt offering of securities with the Securities and Exchange Commission. Form D contains basic information about the offering and the company.

Form D Filings
Filing Date Form Type Industry Group Securities Offered Total Offering Amount Total Amount Sold Total Remaining
2018-08-17 D OTHER BANKING AND FINANCIAL SERVICES Equity 10,122,740 10,122,740 0
2016-07-13 D OTHER BANKING AND FINANCIAL SERVICES Equity 7,500,000 5,000,000 2,500,000
Other Issuers in Filings
Name Address
No Other Issuers
Related Parties included in filings
Name Address Relationship
CHESSY WEST subscription required
    EXECUTIVE OFFICER PROMOTER
JAMES MCCLAMROCH subscription required
    DIRECTOR
JEFF OBERSTEIN subscription required
    DIRECTOR
MATTHEW FELLOWES subscription required
    EXECUTIVE OFFICER DIRECTOR PROMOTER
NOT APPLICABLE MORNINGSTAR, INC. subscription required
    PROMOTER

UNITED INCOME, INC.

ownership team - last updated 2019-08-20
Name Title Start Date Direct/Indirect % Ownership
FELLOWES, MATTHEW, CRUICKSHANKS CHIEF EXECUTIVE OFFICER, STOCKHOLDER 06/01/2016 Direct 25 - 50%
Fund Name Position direct/indirect start date end date
UNITED INCOME, INC. MANAGING MEMBER direct 2016-10-01
CAPITAL ONE NATIONAL ASSOCIATION PREFERRED STOCKHOLDER 08/01/2018 Direct 10 - 25%
Fund Name Position direct/indirect start date end date
CHEVY CHASE SECURITIES, INC. SHAREHOLDER indirect 2009-07-01
HIBERNIA INVESTMENTS, L.L.C. SOLE SHARE OWNER direct 1985-12-01
HIBERNIA INVESTMENTS, L.L.C. SOLE SHARE OWNER direct 2006-04-01
HIBERNIA ASSET MANAGEMENT, LLC OWNER direct 2005-02-01
CAPITAL ONE ASSET MANAGEMENT, LLC OWNER direct 2006-04-01
MEIROWITZ, BENYAMIN, YEHUDAH CHIEF COMPLIANCE OFFICER 05/01/2019 Direct less than 5%
Fund Name Position direct/indirect start date end date
UNITED INCOME, INC. CHIEF COMPLIANCE OFFICER direct 2016-04-01
FERKO, ALLISON, ANN CHIEF LEGAL OFFICER 07/01/2019 Direct less than 5%
Fund Name Position direct/indirect start date end date
CAPITAL ONE ADVISORS, LLC CHIEF LEGAL OFFICER direct 2016-04-01
CHEVY CHASE TRUST COMPANY CHIEF COMPLIANCE OFFICER direct 1997-11-01 2004-04-30
CHEVY CHASE TRUST COMPANY CHIEF COMPLIANCE OFFICER, CHIEF LEGAL OFFICER direct 1997-11-01 2004-12-16
ASB CAPITAL MANAGEMENT INC. CHIEF COMPLIANCE OFFICER direct 1997-11-01 2004-12-17
CHEVY CHASE SECURITIES, INC. CHIEF LEGAL OFFICER direct 2001-06-01 2008-12-23
ASB CAPITAL MANAGEMENT INC. CHIEF LEGAL OFFICER direct 1997-11-01 2014-07-01
CHEVY CHASE TRUST COMPANY CHIEF LEGAL OFFICER direct 1997-11-01 2016-03-29
WEST, SOCCOLI, CHESSY CHIEF FINANCIAL OFFICER 07/01/2019 Direct less than 5%
Fund Name Position direct/indirect start date end date
UNITED INCOME, INC. CHIEF FINANCIAL OFFICER direct 2019-07-01
KELLY, ELIZABETH, ANN CHIEF OPERATIONS OFFICER 07/01/2019 Direct less than 5%
Fund Name Position direct/indirect start date end date
UNITED INCOME, INC. CHIEF OPERATIONS OFFICER direct 2019-07-01
CAPITAL ONE FINANCIAL CORPORATION PARENT OF TOTAL EQUITY OWNER CAPITAL ONE NATIONAL ASSOCIATION 07/01/2005 Indirect 75% or more
Fund Name Position direct/indirect start date end date
CHEVY CHASE SECURITIES, INC. SHAREHOLDER indirect 2009-02-01
HIBERNIA INVESTMENTS, L.L.C. OWNER indirect 2005-11-01
AMIVEST CORP SOLE OWNER OF APPLICANT direct 2006-12-01
CAPITAL ONE ASSET MANAGEMENT, LLC OWNER indirect 2005-11-01
SHAREBUILDER ADVISORS, LLC OWNER indirect 2012-03-01
SHAREBUILDER ADVISORS, LLC OWNER indirect 2012-03-01
SHAREBUILDER ADVISORS, LLC OWNER indirect 2012-03-01
SHAREBUILDER ADVISORS, LLC OWNER indirect 2012-03-01

UNITED INCOME, INC.

ownership team - last updated 2019-06-03
Name Title Start Date Direct/Indirect % Ownership
FELLOWES, MATTHEW, CRUICKSHANKS CHIEF EXECUTIVE OFFICER, STOCKHOLDER 06/01/2016 Direct 25 - 50%
Fund Name Position direct/indirect start date end date
UNITED INCOME, INC. MANAGING MEMBER direct 2016-10-01
MORNINGSTAR INC STOCKHOLDER, PREFERRED STOCKHOLDER 06/01/2016 Direct 25 - 50%
Fund Name Position direct/indirect start date end date
MPOWER ADVISORS, LLC MEMBER indirect 1999-09-01
MORNINGSTAR ASSOCIATES, LLC SOLE MEMBER direct 1999-09-01
IBBOTSON ASSOCIATES, INC. SHAREHOLDER direct 2006-03-01
IBBOTSON ASSOCIATES ADVISORS, LLC SHAREHOLDER indirect 2006-03-01
ELLEVEST, INC. SHAREHOLDER (COMMON, SERIES A PREFERRED) direct 2015-04-01
MORNINGSTAR INVESTMENT SERVICES LLC SOLE MEMBER indirect 2015-12-01
MORNINGSTAR RESEARCH SERVICES LLC SOLE MEMBER direct 2016-07-01
UNITED INCOME, INC. MEMBER direct 2016-10-01
MPOWER ADVISORS, LLC SHAREHOLDER indirect 2003-07-01 2003-07-01
MORNINGSTAR ASSOCIATES, LLC MEMBER direct 1999-09-01 2015-03-26
MORNINGSTAR INVESTMENT SERVICES, INC SHAREHOLDER direct 2000-12-01 2015-04-10
ELLEVATE FINANCIAL, INC. OWNER direct 2015-04-01 2017-04-28
FELLOWES VENTURES LLC PREFERRRED STOCKHOLDER 06/01/2016 Direct 5 - 10%
Fund Name Position direct/indirect start date end date
UNITED INCOME, INC. MEMBER direct 2016-10-01
OMIDYAR NETWORK FUND LLC PREFERRED STOCKHOLDER 11/01/2016 Direct 5 - 10%
Fund Name Position direct/indirect start date end date
UNITED INCOME, INC. PREFERRED STOCKHOLDER direct 2016-11-01
CAPITAL ONE NATIONAL ASSOCIATION PREFERRED STOCKHOLDER 08/01/2018 Direct 10 - 25%
Fund Name Position direct/indirect start date end date
CHEVY CHASE SECURITIES, INC. SHAREHOLDER indirect 2009-07-01
HIBERNIA INVESTMENTS, L.L.C. SOLE SHARE OWNER direct 1985-12-01
HIBERNIA INVESTMENTS, L.L.C. SOLE SHARE OWNER direct 2006-04-01
HIBERNIA ASSET MANAGEMENT, LLC OWNER direct 2005-02-01
CAPITAL ONE ASSET MANAGEMENT, LLC OWNER direct 2006-04-01
OBERSTEIN, JEFFREY, DAVID DIRECTOR 08/01/2018 Direct less than 5%
Fund Name Position direct/indirect start date end date
UNITED INCOME, INC. DIRECTOR direct 2018-08-01
MEIROWITZ, BENYAMIN, YEHUDAH CHIEF COMPLIANCE OFFICER 05/01/2019 Direct less than 5%
Fund Name Position direct/indirect start date end date
UNITED INCOME, INC. CHIEF COMPLIANCE OFFICER direct 2016-04-01
HOLT, MICHAEL, JOHN DIRECTOR 12/01/2018 Direct less than 5%
Fund Name Position direct/indirect start date end date
MORNINGSTAR RESEARCH SERVICES LLC HEAD OF EQUITY RESEARCH direct 2016-07-01
MANSUETO, JOSEPH, DANIEL SHAREHOLDER MORNINGSTAR INC 05/01/2005 Indirect 50 - 75%
Fund Name Position direct/indirect start date end date
IBBOTSON ASSOCIATES, INC. SHAREHOLDER indirect 1984-04-01
MORNINGSTAR INVESTMENT SERVICES LLC SHAREHOLDER indirect 1984-04-01
IBBOTSON ASSOCIATES ADVISORS, LLC SHAREHOLDER indirect 1984-04-01
MORNINGSTAR RESEARCH SERVICES LLC SHAREHOLDER indirect 1984-04-01
UNITED INCOME, INC. SHAREHOLDER indirect 2005-05-01
MORNINGSTAR INVESTMENT SERVICES, INC SHAREHLDR indirect 1984-04-01 2015-04-10
FELLOWES, INC. MANAGING MEMBER FELLOWES VENTURES LLC 06/01/2016 Indirect 75% or more
Fund Name Position direct/indirect start date end date
UNITED INCOME, INC. MANAGING MEMBER indirect 2016-06-01
FELLOWES, JAMES, EVERETT SHAREHOLDER / CHAIRMAN OF THE BOARD FELLOWES, INC. 11/01/2008 Indirect 25 - 50%
Fund Name Position direct/indirect start date end date
UNITED INCOME, INC. SHAREHOLDER / CHAIRMAN OF THE BOARD indirect 2008-11-01
MOHR, MICHAEL, GILBERT TRUSTEE THE PIERRE M. OMIDYAR TRUST 05/01/1998 Indirect Other
Fund Name Position direct/indirect start date end date
COMPREHENSIVE FINANCIAL MANAGEMENT LLC MANAGING MEMBER direct 2000-01-01
THE PIERRE M. OMIDYAR TRUST MEMBER OMIDYAR NETWORK FUND LLC 04/01/2004 Indirect 75% or more
Fund Name Position direct/indirect start date end date
UNITED INCOME, INC. TRUSTEE indirect 1998-05-01
UNITED INCOME, INC. MEMBER indirect 2004-04-01
PIERRE MORAD OMIDYAR TRUSTEE THE PIERRE M. OMIDYAR TRUST 05/01/1998 Indirect Other
Fund Name Position direct/indirect start date end date
UNITED INCOME, INC. TRUSTEE indirect 1998-05-01
UNITED INCOME, INC. MEMBER indirect 2004-04-01
ALVORD, JEFFREY, ROBERT TRUSTEE THE PIERRE M. OMIDYAR TRUST 01/01/2018 Indirect Other
Fund Name Position direct/indirect start date end date
COMPREHENSIVE FINANCIAL MANAGEMENT LLC MANAGING DIRECTOR direct 2010-01-01
CAPITAL ONE FINANCIAL CORPORATION SHAREHOLDER CAPITAL ONE NATIONAL ASSOCIATION 07/01/2005 Indirect 75% or more
Fund Name Position direct/indirect start date end date
CHEVY CHASE SECURITIES, INC. SHAREHOLDER indirect 2009-02-01
HIBERNIA INVESTMENTS, L.L.C. OWNER indirect 2005-11-01
AMIVEST CORP SOLE OWNER OF APPLICANT direct 2006-12-01
CAPITAL ONE ASSET MANAGEMENT, LLC OWNER indirect 2005-11-01
SHAREBUILDER ADVISORS, LLC OWNER indirect 2012-03-01
SHAREBUILDER ADVISORS, LLC OWNER indirect 2012-03-01
SHAREBUILDER ADVISORS, LLC OWNER indirect 2012-03-01
SHAREBUILDER ADVISORS, LLC OWNER indirect 2012-03-01

UNITED INCOME, INC.

ownership team - last updated 2019-03-29
Name Title Start Date Direct/Indirect % Ownership
FELLOWES, MATTHEW, CRUICKSHANKS CHIEF EXECUTIVE OFFICER, STOCKHOLDER 06/01/2016 Direct 25 - 50%
Fund Name Position direct/indirect start date end date
UNITED INCOME, INC. MANAGING MEMBER direct 2016-10-01
MORNINGSTAR INC STOCKHOLDER, PREFERRED STOCKHOLDER 06/01/2016 Direct 25 - 50%
Fund Name Position direct/indirect start date end date
MPOWER ADVISORS, LLC MEMBER indirect 1999-09-01
MORNINGSTAR ASSOCIATES, LLC SOLE MEMBER direct 1999-09-01
IBBOTSON ASSOCIATES, INC. SHAREHOLDER direct 2006-03-01
IBBOTSON ASSOCIATES ADVISORS, LLC SHAREHOLDER indirect 2006-03-01
ELLEVEST, INC. SHAREHOLDER (COMMON, SERIES A PREFERRED) direct 2015-04-01
MORNINGSTAR INVESTMENT SERVICES LLC SOLE MEMBER indirect 2015-12-01
MORNINGSTAR RESEARCH SERVICES LLC SOLE MEMBER direct 2016-07-01
UNITED INCOME, INC. MEMBER direct 2016-10-01
MPOWER ADVISORS, LLC SHAREHOLDER indirect 2003-07-01 2003-07-01
MORNINGSTAR ASSOCIATES, LLC MEMBER direct 1999-09-01 2015-03-26
MORNINGSTAR INVESTMENT SERVICES, INC SHAREHOLDER direct 2000-12-01 2015-04-10
ELLEVATE FINANCIAL, INC. OWNER direct 2015-04-01 2017-04-28
FELLOWES VENTURES LLC PREFERRRED STOCKHOLDER 06/01/2016 Direct 5 - 10%
Fund Name Position direct/indirect start date end date
UNITED INCOME, INC. MEMBER direct 2016-10-01
BESKE, GAVIN, ANDREW CHIEF COMPLIANCE OFFICER 03/01/2018 Direct less than 5%
Fund Name Position direct/indirect start date end date
UNITED INCOME, INC. CHIEF COMPLIANCE OFFICER direct 2018-03-01
OMIDYAR NETWORK FUND LLC PREFERRED STOCKHOLDER 11/01/2016 Direct 5 - 10%
Fund Name Position direct/indirect start date end date
UNITED INCOME, INC. PREFERRED STOCKHOLDER direct 2016-11-01
MCCLAMROCH, JR., JAMES, RICHARD DIRECTOR 12/01/2017 Direct less than 5%
Fund Name Position direct/indirect start date end date
UNITED INCOME, INC. DIRECTOR direct 2017-12-01
CAPITAL ONE NATIONAL ASSOCIATION PREFERRED STOCKHOLDER 08/01/2018 Direct 10 - 25%
Fund Name Position direct/indirect start date end date
CHEVY CHASE SECURITIES, INC. SHAREHOLDER indirect 2009-07-01
HIBERNIA INVESTMENTS, L.L.C. SOLE SHARE OWNER direct 1985-12-01
HIBERNIA INVESTMENTS, L.L.C. SOLE SHARE OWNER direct 2006-04-01
HIBERNIA ASSET MANAGEMENT, LLC OWNER direct 2005-02-01
CAPITAL ONE ASSET MANAGEMENT, LLC OWNER direct 2006-04-01
OBERSTEIN, JEFFREY, DAVID DIRECTOR 08/01/2018 Direct less than 5%
Fund Name Position direct/indirect start date end date
UNITED INCOME, INC. DIRECTOR direct 2018-08-01
MANSUETO, JOSEPH, DANIEL SHAREHOLDER MORNINGSTAR INC 05/01/2005 Indirect 50 - 75%
Fund Name Position direct/indirect start date end date
IBBOTSON ASSOCIATES, INC. SHAREHOLDER indirect 1984-04-01
MORNINGSTAR INVESTMENT SERVICES LLC SHAREHOLDER indirect 1984-04-01
IBBOTSON ASSOCIATES ADVISORS, LLC SHAREHOLDER indirect 1984-04-01
MORNINGSTAR RESEARCH SERVICES LLC SHAREHOLDER indirect 1984-04-01
UNITED INCOME, INC. SHAREHOLDER indirect 2005-05-01
MORNINGSTAR INVESTMENT SERVICES, INC SHAREHLDR indirect 1984-04-01 2015-04-10
FELLOWES, INC. MANAGING MEMBER FELLOWES VENTURES LLC 06/01/2016 Indirect 75% or more
Fund Name Position direct/indirect start date end date
UNITED INCOME, INC. MANAGING MEMBER indirect 2016-06-01
FELLOWES, JAMES, EVERETT SHAREHOLDER / CHAIRMAN OF THE BOARD FELLOWES, INC. 11/01/2008 Indirect 25 - 50%
Fund Name Position direct/indirect start date end date
UNITED INCOME, INC. SHAREHOLDER / CHAIRMAN OF THE BOARD indirect 2008-11-01
THE PIERRE M. OMIDYAR TRUST MEMBER OMIDYAR NETWORK FUND LLC 04/01/2004 Indirect 75% or more
Fund Name Position direct/indirect start date end date
UNITED INCOME, INC. TRUSTEE indirect 1998-05-01
UNITED INCOME, INC. MEMBER indirect 2004-04-01
PIERRE MORAD OMIDYAR TRUSTEE THE PIERRE M. OMIDYAR TRUST 05/01/1998 Indirect Other
Fund Name Position direct/indirect start date end date
UNITED INCOME, INC. TRUSTEE indirect 1998-05-01
UNITED INCOME, INC. MEMBER indirect 2004-04-01
MOHR, MICHAEL, GILBERT TRUSTEE THE PIERRE M. OMIDYAR TRUST 05/01/1998 Indirect Other
Fund Name Position direct/indirect start date end date
COMPREHENSIVE FINANCIAL MANAGEMENT LLC MANAGING MEMBER direct 2000-01-01
ALVORD, JEFFREY, ROBERT TRUSTEE THE PIERRE M. OMIDYAR TRUST 01/01/2018 Indirect Other
Fund Name Position direct/indirect start date end date
COMPREHENSIVE FINANCIAL MANAGEMENT LLC MANAGING DIRECTOR direct 2010-01-01
CAPITAL ONE FINANCIAL CORPORATION SHAREHOLDER CAPITAL ONE NATIONAL ASSOCIATION 07/01/2005 Indirect 75% or more
Fund Name Position direct/indirect start date end date
CHEVY CHASE SECURITIES, INC. SHAREHOLDER indirect 2009-02-01
HIBERNIA INVESTMENTS, L.L.C. OWNER indirect 2005-11-01
AMIVEST CORP SOLE OWNER OF APPLICANT direct 2006-12-01
CAPITAL ONE ASSET MANAGEMENT, LLC OWNER indirect 2005-11-01
SHAREBUILDER ADVISORS, LLC OWNER indirect 2012-03-01
SHAREBUILDER ADVISORS, LLC OWNER indirect 2012-03-01
SHAREBUILDER ADVISORS, LLC OWNER indirect 2012-03-01
SHAREBUILDER ADVISORS, LLC OWNER indirect 2012-03-01

UNITED INCOME, INC.

ownership team - last updated 2018-12-20
Name Title Start Date Direct/Indirect % Ownership
FELLOWES, MATTHEW, CRUICKSHANKS CHIEF EXECUTIVE OFFICER, STOCKHOLDER 06/01/2016 Direct 50 - 75%
Fund Name Position direct/indirect start date end date
UNITED INCOME, INC. MANAGING MEMBER direct 2016-10-01
MORNINGSTAR INC STOCKHOLDER, PREFERRED STOCKHOLDER 06/01/2016 Direct 25 - 50%
Fund Name Position direct/indirect start date end date
MPOWER ADVISORS, LLC MEMBER indirect 1999-09-01
MORNINGSTAR ASSOCIATES, LLC SOLE MEMBER direct 1999-09-01
IBBOTSON ASSOCIATES, INC. SHAREHOLDER direct 2006-03-01
IBBOTSON ASSOCIATES ADVISORS, LLC SHAREHOLDER indirect 2006-03-01
ELLEVEST, INC. SHAREHOLDER (COMMON, SERIES A PREFERRED) direct 2015-04-01
MORNINGSTAR INVESTMENT SERVICES LLC SOLE MEMBER indirect 2015-12-01
MORNINGSTAR RESEARCH SERVICES LLC SOLE MEMBER direct 2016-07-01
UNITED INCOME, INC. MEMBER direct 2016-10-01
MPOWER ADVISORS, LLC SHAREHOLDER indirect 2003-07-01 2003-07-01
MORNINGSTAR ASSOCIATES, LLC MEMBER direct 1999-09-01 2015-03-26
MORNINGSTAR INVESTMENT SERVICES, INC SHAREHOLDER direct 2000-12-01 2015-04-10
ELLEVATE FINANCIAL, INC. OWNER direct 2015-04-01 2017-04-28
FELLOWES VENTURES LLC PREFERRRED STOCKHOLDER 06/01/2016 Direct 10 - 25%
Fund Name Position direct/indirect start date end date
UNITED INCOME, INC. MEMBER direct 2016-10-01
BESKE, GAVIN, ANDREW CHIEF COMPLIANCE OFFICER 03/01/2018 Direct less than 5%
Fund Name Position direct/indirect start date end date
UNITED INCOME, INC. CHIEF COMPLIANCE OFFICER direct 2018-03-01
OMIDYAR NETWORK FUND LLC PREFERRED STOCKHOLDER 11/01/2016 Direct 5 - 10%
Fund Name Position direct/indirect start date end date
UNITED INCOME, INC. PREFERRED STOCKHOLDER direct 2016-11-01
MCCLAMROCH, JR., JAMES, RICHARD DIRECTOR 12/01/2017 Direct less than 5%
Fund Name Position direct/indirect start date end date
UNITED INCOME, INC. DIRECTOR direct 2017-12-01
CAPITAL ONE NATIONAL ASSOCIATION PREFERRED STOCKHOLDER 08/01/2018 Direct 25 - 50%
Fund Name Position direct/indirect start date end date
CHEVY CHASE SECURITIES, INC. SHAREHOLDER indirect 2009-07-01
HIBERNIA INVESTMENTS, L.L.C. SOLE SHARE OWNER direct 1985-12-01
HIBERNIA INVESTMENTS, L.L.C. SOLE SHARE OWNER direct 2006-04-01
HIBERNIA ASSET MANAGEMENT, LLC OWNER direct 2005-02-01
CAPITAL ONE ASSET MANAGEMENT, LLC OWNER direct 2006-04-01
OBERSTEIN, JEFFREY, DAVID DIRECTOR 08/01/2018 Direct less than 5%
Fund Name Position direct/indirect start date end date
UNITED INCOME, INC. DIRECTOR direct 2018-08-01
MANSUETO, JOSEPH, DANIEL SHAREHOLDER MORNINGSTAR INC 05/01/2005 Indirect 50 - 75%
Fund Name Position direct/indirect start date end date
IBBOTSON ASSOCIATES, INC. SHAREHOLDER indirect 1984-04-01
MORNINGSTAR INVESTMENT SERVICES LLC SHAREHOLDER indirect 1984-04-01
IBBOTSON ASSOCIATES ADVISORS, LLC SHAREHOLDER indirect 1984-04-01
MORNINGSTAR RESEARCH SERVICES LLC SHAREHOLDER indirect 1984-04-01
UNITED INCOME, INC. SHAREHOLDER indirect 2005-05-01
MORNINGSTAR INVESTMENT SERVICES, INC SHAREHLDR indirect 1984-04-01 2015-04-10
FELLOWES, INC. MANAGING MEMBER FELLOWES VENTURES LLC 06/01/2016 Indirect 75% or more
Fund Name Position direct/indirect start date end date
UNITED INCOME, INC. MANAGING MEMBER indirect 2016-06-01
FELLOWES, JAMES, EVERETT SHAREHOLDER / CHAIRMAN OF THE BOARD FELLOWES, INC. 11/01/2008 Indirect 25 - 50%
Fund Name Position direct/indirect start date end date
UNITED INCOME, INC. SHAREHOLDER / CHAIRMAN OF THE BOARD indirect 2008-11-01
THE PIERRE M. OMIDYAR TRUST MEMBER OMIDYAR NETWORK FUND LLC 04/01/2004 Indirect 75% or more
Fund Name Position direct/indirect start date end date
UNITED INCOME, INC. TRUSTEE indirect 1998-05-01
UNITED INCOME, INC. MEMBER indirect 2004-04-01
PIERRE MORAD OMIDYAR TRUSTEE THE PIERRE M. OMIDYAR TRUST 05/01/1998 Indirect Other
Fund Name Position direct/indirect start date end date
UNITED INCOME, INC. TRUSTEE indirect 1998-05-01
UNITED INCOME, INC. MEMBER indirect 2004-04-01
MOHR, MICHAEL, GILBERT TRUSTEE THE PIERRE M. OMIDYAR TRUST 05/01/1998 Indirect Other
Fund Name Position direct/indirect start date end date
COMPREHENSIVE FINANCIAL MANAGEMENT LLC MANAGING MEMBER direct 2000-01-01
ALVORD, JEFFREY, ROBERT TRUSTEE THE PIERRE M. OMIDYAR TRUST 01/01/2018 Indirect Other
Fund Name Position direct/indirect start date end date
COMPREHENSIVE FINANCIAL MANAGEMENT LLC MANAGING DIRECTOR direct 2010-01-01
CAPITAL ONE FINANCIAL CORPORATION SHAREHOLDER CAPITAL ONE NATIONAL ASSOCIATION 07/01/2005 Indirect 75% or more
Fund Name Position direct/indirect start date end date
CHEVY CHASE SECURITIES, INC. SHAREHOLDER indirect 2009-02-01
HIBERNIA INVESTMENTS, L.L.C. OWNER indirect 2005-11-01
AMIVEST CORP SOLE OWNER OF APPLICANT direct 2006-12-01
CAPITAL ONE ASSET MANAGEMENT, LLC OWNER indirect 2005-11-01
SHAREBUILDER ADVISORS, LLC OWNER indirect 2012-03-01
SHAREBUILDER ADVISORS, LLC OWNER indirect 2012-03-01
SHAREBUILDER ADVISORS, LLC OWNER indirect 2012-03-01
SHAREBUILDER ADVISORS, LLC OWNER indirect 2012-03-01

UNITED INCOME, INC.

ownership team - last updated 2018-04-04
Name Title Start Date Direct/Indirect % Ownership
FELLOWES, MATTHEW, CRUICKSHANKS MANAGING MEMBER 10/01/2016 Direct 25 - 50%
Fund Name Position direct/indirect start date end date
UNITED INCOME, INC. MANAGING MEMBER direct 2016-10-01
MORNINGSTAR INC MEMBER 10/01/2016 Direct 25 - 50%
Fund Name Position direct/indirect start date end date
MPOWER ADVISORS, LLC MEMBER indirect 1999-09-01
MORNINGSTAR ASSOCIATES, LLC SOLE MEMBER direct 1999-09-01
IBBOTSON ASSOCIATES, INC. SHAREHOLDER direct 2006-03-01
IBBOTSON ASSOCIATES ADVISORS, LLC SHAREHOLDER indirect 2006-03-01
ELLEVEST, INC. SHAREHOLDER (COMMON, SERIES A PREFERRED) direct 2015-04-01
MORNINGSTAR INVESTMENT SERVICES LLC SOLE MEMBER indirect 2015-12-01
MORNINGSTAR RESEARCH SERVICES LLC SOLE MEMBER direct 2016-07-01
UNITED INCOME, INC. MEMBER direct 2016-10-01
MPOWER ADVISORS, LLC SHAREHOLDER indirect 2003-07-01 2003-07-01
MORNINGSTAR ASSOCIATES, LLC MEMBER direct 1999-09-01 2015-03-26
MORNINGSTAR INVESTMENT SERVICES, INC SHAREHOLDER direct 2000-12-01 2015-04-10
ELLEVATE FINANCIAL, INC. OWNER direct 2015-04-01 2017-04-28
FELLOWES VENTURES LLC MEMBER 10/01/2016 Direct 5 - 10%
Fund Name Position direct/indirect start date end date
UNITED INCOME, INC. MEMBER direct 2016-10-01
BESKE, GAVIN, ANDREW CHIEF COMPLIANCE OFFICER 03/01/2018 Direct less than 5%
Fund Name Position direct/indirect start date end date
UNITED INCOME, INC. CHIEF COMPLIANCE OFFICER direct 2018-03-01
MANSUETO, JOSEPH, DANIEL SHAREHOLDER MORNINGSTAR, INC. 05/01/2005 Indirect 50 - 75%
Fund Name Position direct/indirect start date end date
IBBOTSON ASSOCIATES, INC. SHAREHOLDER indirect 1984-04-01
MORNINGSTAR INVESTMENT SERVICES LLC SHAREHOLDER indirect 1984-04-01
IBBOTSON ASSOCIATES ADVISORS, LLC SHAREHOLDER indirect 1984-04-01
MORNINGSTAR RESEARCH SERVICES LLC SHAREHOLDER indirect 1984-04-01
UNITED INCOME, INC. SHAREHOLDER indirect 2005-05-01
MORNINGSTAR INVESTMENT SERVICES, INC SHAREHLDR indirect 1984-04-01 2015-04-10
FELLOWES, INC. MANAGING MEMBER FELLOWES VENTURES LLC 06/01/2016 Indirect 75% or more
Fund Name Position direct/indirect start date end date
UNITED INCOME, INC. MANAGING MEMBER indirect 2016-06-01
FELLOWES, JAMES, EVERETT SHAREHOLDER / CHAIRMAN OF THE BOARD FELLOWES, INC. 11/01/2008 Indirect 25 - 50%
Fund Name Position direct/indirect start date end date
UNITED INCOME, INC. SHAREHOLDER / CHAIRMAN OF THE BOARD indirect 2008-11-01

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