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RIA / WealthRegistered adviserinstitutional managerSEC registeredRAUM 10b 100b

40/86 ADVISORS, INC.

CRD 107740

CARMEL, IN

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Search this name across graphsid dfx:ria:a5fb55a6-0bb3-4f81-9c49-9ed269656155

Data as of Apr 22, 2026 (this record's last observation) from federal regulator filings. Page built Sep 19, 2026, 9:55 PM UTC and rebuilt at most every 15 minutes.

Relationships: 22
Dated events: 5
On other graphs: 0
Observed: Mar 21, 2012 to Apr 22, 2026
28 observations

Across DFX

This entity has not been resolved onto another DFX graph by a shared identifier. A name match elsewhere would be a candidate, never an identity, and none is recorded.

Facts

fact = as filed or announced; derived = computed by DFX; estimate = a band, never a point

Firm class: institutional managerderivedprivate_client_share=0.0 fund_share=0.01 institutional_share=0.98 related_bd=true related_bank=false bd_reps=0.0
Regulatory AUM: $30BItem 5.F on the latest filing (2026-04-22); as reported, and an affiliate's assets may be counted again on its own filing
Discretionary RAUM: $30B
Private client RAUM: $0derivedItem 5.D individuals plus high net worth individuals
Private client share: 0%derivedprivate client RAUM over total RAUM
Advisors on IAPD: 0
Employees: 84
Advisory employees: 84
Offices: 0Schedule D 1.F, beyond the principal office
Accounts: 13
Individual clients: 0
High net worth clients: 0
Private funds: 3Schedule D 7.B(1)
Relying advisers: 1
SEC number: 801-17857
CRD: 107740
Filings on the tape: 28
First filed: Mar 21, 2012
Latest filed: Apr 22, 2026
Organised: Corporation, DE
Website: 4086.com

Private funds

Schedule D 7.B(1); gross asset value as reported, never fund size; reporting ends 2024-12-31

Fund	Type	Reported GAV	As of	Owners	First reported	Status	Form D file
CEDAR CREEK CLO, LTD.	Other Private Fund	$395M	Mar 17, 2017	3	Jun 19, 2014	dropped	n/a
BEAN CREEK CLO LTD	Securitized Asset Fund	$254M	Apr 29, 2024	1	Mar 28, 2016	reported	n/a
MILL CREEK CLO, LTD.	Other Private Fund	$234M	Oct 3, 2016	1	Jun 19, 2014	dropped	n/a
DEER CREEK CLO, LTD	Securitized Asset Fund	$215M	Apr 29, 2024	1	Mar 26, 2018	reported	n/a
CLEAR CREEK CLO, LTD	Securitized Asset Fund	$213M	Apr 29, 2024	1	Mar 20, 2015	reported	n/a
SILVER CREEK CLO, LTD.	Securitized Asset Fund	$201M	Apr 29, 2024	2	Mar 20, 2015	reported	n/a
SUGAR CREEK CLO, LTD.	Other Private Fund	$169M	Mar 17, 2017	2	Jun 19, 2014	dropped	n/a
EAGLE CREEK CLO, LTD.	Other Private Fund	$53.2M	Jul 17, 2015	1	Jun 19, 2014	dropped	n/a
MILL CREEK CLO II LTD.	Other Private Fund	$0	Sep 22, 2020	3	Mar 17, 2017	dropped	n/a

Owners and control persons

Schedule A and B as filed; ownership codes are the form's bands (NA under 5%, A 5 to 10%, B 10 to 25%, C 25 to 50%, D 50 to 75%, E over 75%); people are listed as filed and never merged by name

Owner	Title	Ownership code	Control person	Acquired	First seen	Last seen
BURKE, RICHARD, WILLIAM	SVP/CHIEF INFORMATION OFFICER	Na	yes	06/2004	Mar 21, 2012	Apr 29, 2024
CNO FINANCIAL GROUP, INC.	SOLE SHAREHOLDER	E	yes	12/1987	Mar 21, 2012	Apr 29, 2024
DE HAAI, ZANDRA, MARIA	SVP, FIXED INCOME RESEARCH	Na	yes	04/2019	Apr 25, 2019	Apr 29, 2024
HORSFALL, JESSE, EDWARD	SENIOR VICE PRESIDENT, PORTFOLIO MANAGEMENT	Na	yes	02/2007	Mar 21, 2012	Apr 29, 2024
JOHNSON, ERIC, RONALD	PRESIDENT, CIO & DIRECTOR	Na	yes	09/2003	Mar 21, 2012	Apr 29, 2024
MCDONOUGH, PAUL, HARRINGTON	DIRECTOR, EXECUTIVE VICE PRESIDENT AND CHIEF FINANCIAL OFFICER	Na	yes	04/2019	Mar 28, 2019	Apr 29, 2024
NEUHOFF, TONY, ALAN	CHIEF COMPLIANCE OFFICER	Na	yes	02/2024	Feb 28, 2024	Apr 29, 2024

Affiliates (Item 7.A)

as filed on Item 7.A; a related person with a CRD on the graph links to its own page

Related person	Type	Class on the graph	Its RAUM	Control	Common control	State
BANKERS LIFE ADVISORY SERVICES, INC.	n/a	Bd affiliated wealth	$2.5B	N	yes	n/a
40\|86 MORTGAGE CAPITAL, INC.	n/a	n/a	n/a	N	yes	n/a
BANKERS CONSECO LIFE INSURANCE COMPANY	n/a	n/a	n/a	N	yes	n/a
BANKERS LIFE AND CASUALTY COMPANY	n/a	n/a	n/a	N	yes	n/a
BANKERS LIFE SECURITIES GENERAL AGENCY, INC.	n/a	n/a	n/a	N	yes	n/a
BANKERS LIFE SECURITIES, INC.	n/a	n/a	n/a	N	yes	n/a
BENETEK CORPORATION	n/a	n/a	n/a	N	yes	n/a
CNO BERMUDA RE, LTD.	n/a	n/a	n/a	N	yes	n/a
COLONIAL PENN LIFE INSURANCE COMPANY	n/a	n/a	n/a	N	yes	n/a
CONSECO LIFE INSURANCE COMPANY OF TEXAS	n/a	n/a	n/a	N	yes	n/a
K.F. AGENCY, INC.	n/a	n/a	n/a	N	yes	n/a
K.F. INSURANCE AGENCY OF MASSACHUSETTS, INC.	n/a	n/a	n/a	N	yes	n/a
OPTAVISE, LLC	n/a	n/a	n/a	N	yes	n/a
PERFORMANCE MATTERS ASSOCIATES, INC.	n/a	n/a	n/a	N	yes	n/a
RESOURCE LIFE INSURANCE COMPANY	n/a	n/a	n/a	N	yes	n/a
WASHINGTON NATIONAL INSURANCE COMPANY	n/a	n/a	n/a	N	yes	n/a

Regulatory AUM by fiscal year

annual amendments (and the roster's annual snapshot) as filed; where a year was amended twice the later filing draws the line; showing 14 of 15

Fiscal year	Filed	RAUM	Discretionary	Employees	Advisory staff	Offices	Private funds	Fund GAV
2025	Apr 22, 2026	$30B	$30B	84	84	0	3	n/a
2023	Mar 22, 2024	$27B	$27B	78	78	0	4	$882M
2022	Mar 31, 2023	$24B	$24B	77	77	0	4	$1.2B
2021	Mar 30, 2022	$29B	$29B	76	76	0	4	$1.2B
2020	Mar 30, 2021	$28B	$28B	75	75	0	4	$1.2B
2019	Mar 20, 2020	$26B	$26B	78	78	0	5	$1.2B
2018	Mar 28, 2019	$24B	$24B	72	72	0	5	$1.5B
2017	Mar 26, 2018	$29B	$29B	75	75	0	5	$1.5B
2016	Mar 17, 2017	$26B	$26B	80	80	n/a	6	$1.8B
2015	Mar 28, 2016	$25B	$25B	80	80	n/a	6	$1.9B
2014	Mar 20, 2015	$26B	$26B	80	80	n/a	6	$1.6B
2013	Mar 4, 2014	$28B	$28B	80	80	n/a	n/a	n/a
2012	Mar 4, 2013	$29B	$29B	80	80	n/a	n/a	n/a
2011	Mar 21, 2012	$27B	$27B	n/a	n/a	n/a	n/a	n/a

Growth

derived from consecutive annual filings; RAUM as reported

Latest fiscal year	RAUM	A year earlier	1y change	Three years earlier	3y CAGR	Employees	A year earlier	Offices	A year earlier
2025	$30B	n/a	n/a	$24B	7.6%	84	n/a	0	n/a

Relationships

Affiliated with (2)

→ BANKERS LIFE ADVISORY SERVICES, INC.Registered adviserother investment adviser, common control
factForm ADV
← BANKERS LIFE ADVISORY SERVICES, INC.Registered adviserother investment adviser, common control
factForm ADV

Advises (9)

→ BEAN CREEK CLO LTDPrivate fundSecuritized Asset Fund, IA
Mar 28, 2016 to presentfactForm ADV
→ SILVER CREEK CLO, LTD.Private fundSecuritized Asset Fund, IA
Mar 20, 2015 to presentfactForm ADV
→ DEER CREEK CLO, LTDPrivate fundSecuritized Asset Fund, IA
Mar 26, 2018 to presentfactForm ADV
→ CLEAR CREEK CLO, LTDPrivate fundSecuritized Asset Fund, IA
Mar 20, 2015 to presentfactForm ADV
→ MILL CREEK CLO II LTD.Private fundOther Private Fund, IA, no longer reported
Mar 17, 2017 to Sep 22, 2020factForm ADV
→ CEDAR CREEK CLO, LTD.Private fundOther Private Fund, IA, no longer reported
Jun 19, 2014 to Mar 17, 2017factForm ADV
→ SUGAR CREEK CLO, LTD.Private fundOther Private Fund, IA, no longer reported
Jun 19, 2014 to Mar 17, 2017factForm ADV
→ MILL CREEK CLO, LTD.Private fundOther Private Fund, IA, no longer reported
Jun 19, 2014 to Oct 3, 2016factForm ADV
→ EAGLE CREEK CLO, LTD.Private fundOther Private Fund, IA, no longer reported
Jun 19, 2014 to Jul 17, 2015factForm ADV

Controls (7)

← HORSFALL, JESSE, EDWARDOwnerSENIOR VICE PRESIDENT, PORTFOLIO MANAGEMENT, ownership code NA, individual
Mar 21, 2012 to Apr 29, 2024factForm ADV
← JOHNSON, ERIC, RONALDOwnerPRESIDENT, CIO & DIRECTOR, ownership code NA, individual
Mar 21, 2012 to Apr 29, 2024factForm ADV
← BURKE, RICHARD, WILLIAMOwnerSVP/CHIEF INFORMATION OFFICER, ownership code NA, individual
Mar 21, 2012 to Apr 29, 2024factForm ADV
← DE HAAI, ZANDRA, MARIAOwnerSVP, FIXED INCOME RESEARCH, ownership code NA, individual
Apr 25, 2019 to Apr 29, 2024factForm ADV
← MCDONOUGH, PAUL, HARRINGTONOwnerDIRECTOR, EXECUTIVE VICE PRESIDENT AND CHIEF FINANCIAL OFFICER, ownership code NA, individual
Mar 28, 2019 to Apr 29, 2024factForm ADV
← NEUHOFF, TONY, ALANOwnerCHIEF COMPLIANCE OFFICER, ownership code NA, individual
Feb 28, 2024 to Apr 29, 2024factForm ADV
← CNO FINANCIAL GROUP, INC.OwnerSOLE SHAREHOLDER, ownership code E, domestic entity
Mar 21, 2012 to Apr 29, 2024factForm ADV

Registered with (4)

← ROBERT BRIAN PELKEYAdvisorregistration: previous registration
Dec 13, 2004 to Dec 31, 2008factForm ADV
← LEO JOHN DIERCKMANAdvisorregistration: previous registration
Oct 28, 2004 to Dec 8, 2005factForm ADV
← GREGORY JAMES HAHNAdvisorregistration: previous registration
Jan 11, 1999 to Jul 5, 2005factForm ADV
← ERIC DAVID TODDAdvisorregistration: previous registration
Jan 11, 1999 to Nov 11, 2002factForm ADV

Dated events

Occurred
Feb 28, 2024
Control person left
Johanna Rachel Spehler (Chief Compliance Officer) no longer on Schedule A of 40/86 Advisors, Inc. (listed 2023-04-25, absent 2024-02-28)
Form ADVobserved 4 days ago
Occurred
Feb 28, 2024
Control person joined
Alan Tony Neuhoff (Chief Compliance Officer) appeared on Schedule A of 40/86 Advisors, Inc.
Form ADVobserved 4 days ago
Occurred
Apr 25, 2019
Control person joined
Maria Zandra De Haai (Svp, Fixed Income Research) appeared on Schedule A of 40/86 Advisors, Inc.
Form ADVobserved 4 days ago
Occurred
Mar 28, 2019
Control person left
Magnus Erik Helding (Director, Executive Vice President And Chief Financial Officer) no longer on Schedule A of 40/86 Advisors, Inc. (listed 2018-05-16, absent 2019-03-28)
Form ADVobserved 4 days ago
Occurred
Mar 28, 2019
Control person joined
H Paul Mcdonough (Director, Executive Vice President And Chief Financial Officer) appeared on Schedule A of 40/86 Advisors, Inc.
Form ADVobserved 4 days ago

Provenance

Graph: RIA / Wealth Management
Canonical id: dfx:ria:a5fb55a6-0bb3-4f81-9c49-9ed269656155
First observed: Mar 21, 2012
Last observed: Apr 22, 2026 5 months ago
Source families: Federal regulator filings
3 registered feeds stand behind this record; each fact above carries its own dates and, where the publisher serves one, its document.
Resolution: Identity across graphs by shared identifier (CRD, CIK, EIN, ADV fund id, individual CRD) or citation; a name match is shown as a candidate and never merged.

40/86 ADVISORS, INC.

CRD 107740

CARMEL, IN

This is the graph view. The full profile, with its team, deals and sources, is on RIA / Wealth Management.Open the full profile →

Search this name across graphsid dfx:ria:a5fb55a6-0bb3-4f81-9c49-9ed269656155

Data as of Apr 22, 2026 (this record's last observation) from federal regulator filings. Page built Sep 19, 2026, 9:55 PM UTC and rebuilt at most every 15 minutes.

Fund

Type

Reported GAV

As of

Owners

First reported

Status

Form D file

CEDAR CREEK CLO, LTD.

Other Private Fund

$395M

Mar 17, 2017

Jun 19, 2014

dropped

n/a

BEAN CREEK CLO LTD

Securitized Asset Fund

$254M

Apr 29, 2024

Mar 28, 2016

reported

n/a

MILL CREEK CLO, LTD.

Other Private Fund

$234M

Oct 3, 2016

Jun 19, 2014

dropped

n/a

DEER CREEK CLO, LTD

Securitized Asset Fund

$215M

Apr 29, 2024

Mar 26, 2018

reported

n/a

CLEAR CREEK CLO, LTD

Securitized Asset Fund

$213M

Apr 29, 2024

Mar 20, 2015

reported

n/a

SILVER CREEK CLO, LTD.

Securitized Asset Fund

$201M

Apr 29, 2024

Mar 20, 2015

reported

n/a

SUGAR CREEK CLO, LTD.

Other Private Fund

$169M

Mar 17, 2017

Jun 19, 2014

dropped

n/a

EAGLE CREEK CLO, LTD.

Other Private Fund

$53.2M

Jul 17, 2015

Jun 19, 2014

dropped

n/a

MILL CREEK CLO II LTD.

Other Private Fund

Sep 22, 2020

Mar 17, 2017

dropped

n/a

Owner

Title

Ownership code

Control person

Acquired

First seen

Last seen

BURKE, RICHARD, WILLIAM

SVP/CHIEF INFORMATION OFFICER

yes

06/2004

Mar 21, 2012

Apr 29, 2024

CNO FINANCIAL GROUP, INC.

SOLE SHAREHOLDER

yes

12/1987

Mar 21, 2012

Apr 29, 2024

DE HAAI, ZANDRA, MARIA

SVP, FIXED INCOME RESEARCH

yes

04/2019

Apr 25, 2019

Apr 29, 2024

HORSFALL, JESSE, EDWARD

SENIOR VICE PRESIDENT, PORTFOLIO MANAGEMENT

yes

02/2007

Mar 21, 2012

Apr 29, 2024

JOHNSON, ERIC, RONALD

PRESIDENT, CIO & DIRECTOR

yes

09/2003

Mar 21, 2012

Apr 29, 2024

MCDONOUGH, PAUL, HARRINGTON

DIRECTOR, EXECUTIVE VICE PRESIDENT AND CHIEF FINANCIAL OFFICER

yes

04/2019

Mar 28, 2019

Apr 29, 2024

NEUHOFF, TONY, ALAN

CHIEF COMPLIANCE OFFICER

yes

02/2024

Feb 28, 2024

Apr 29, 2024

Related person

Type

Class on the graph

Its RAUM

Control

Common control

State

BANKERS LIFE ADVISORY SERVICES, INC.

n/a

Bd affiliated wealth

$2.5B

yes

n/a

40|86 MORTGAGE CAPITAL, INC.

n/a

yes

n/a

BANKERS CONSECO LIFE INSURANCE COMPANY

n/a

yes

n/a

BANKERS LIFE AND CASUALTY COMPANY

n/a

yes

n/a

BANKERS LIFE SECURITIES GENERAL AGENCY, INC.

n/a

yes

n/a

BANKERS LIFE SECURITIES, INC.

n/a

yes

n/a

BENETEK CORPORATION

n/a

yes

n/a

CNO BERMUDA RE, LTD.

n/a

yes

n/a

COLONIAL PENN LIFE INSURANCE COMPANY

n/a

yes

n/a

CONSECO LIFE INSURANCE COMPANY OF TEXAS

n/a

yes

n/a

K.F. AGENCY, INC.

n/a

yes

n/a

K.F. INSURANCE AGENCY OF MASSACHUSETTS, INC.

n/a

yes

n/a

OPTAVISE, LLC

n/a

yes

n/a

PERFORMANCE MATTERS ASSOCIATES, INC.

n/a

yes

n/a

RESOURCE LIFE INSURANCE COMPANY

n/a

yes

n/a

WASHINGTON NATIONAL INSURANCE COMPANY

n/a

yes

n/a

Fiscal year

Filed

RAUM

Discretionary

Employees

Advisory staff

Offices

Private funds

Fund GAV

2025

Apr 22, 2026

$30B

n/a

2023

Mar 22, 2024

$27B

$882M

2022

Mar 31, 2023

$24B

$1.2B

2021

Mar 30, 2022

$29B

$1.2B

2020

Mar 30, 2021

$28B

$1.2B

2019

Mar 20, 2020

$26B

$1.2B

2018

Mar 28, 2019

$24B

$1.5B

2017

Mar 26, 2018

$29B

$1.5B

2016

Mar 17, 2017

$26B

n/a

$1.8B

2015

Mar 28, 2016

$25B

n/a

$1.9B

2014

Mar 20, 2015

$26B

n/a

$1.6B

2013

Mar 4, 2014

$28B

n/a

2012

Mar 4, 2013

$29B

n/a

2011

Mar 21, 2012

$27B

n/a

Latest fiscal year

RAUM

A year earlier

1y change

Three years earlier

3y CAGR

Employees

A year earlier

Offices

A year earlier

2025

$30B

n/a

$24B

7.6%

n/a