DFX Intelligence
RIA Intelligence
Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.
SEC-registered adviser
40/86 Advisors, Inc.
Latest filing Apr 22, 2026
First filing on the tape Mar 21, 2012 · 28 filings
SEC status approved since Oct 20, 1982
RAUM
$30B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
84
84 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
3
reported on Schedule D
History
28 filings and snapshots on the tape
RAUM$30B as of Apr 22, 2026
Mar 21, 2012$27B then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Apr 22, 2026
Mar 21, 20120 then
Employees (5.A)84 as of Apr 22, 2026
Mar 4, 201380 then
Private funds3 as of Apr 22, 2026
Mar 20, 20156 then
RAUM n/a over the last fiscal year+7.6% a year over three
Practice profile
derived from the filing of Apr 22, 2026; every figure names its basis
Archetypes, each a printed rule
- Institutional asset manager · institutional share (pensions, government, insurance, corporations, charities, banks, other advisers) at least 60 percent and private-client share under 20 percent
- RAUM per advisor
- unknownderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- unknownderivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- unknownderivedHNW RAUM over HNW clients
- Average account
- $2.3BderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 98%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- unknownderivedItem 5.A over advisors
- Advisors per office
- unknownderived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- unknownderivedbetween the last two annual amendments
- Advisor growth, one year
- unknownderivedItem 5.B.3 between annual amendments
- Client growth, one year
- unknownderived
- Compensation
- percentage of assets, performance-basedreportedItem 5.E
- Advisory activities
- portfolio management for businesses and institutions, portfolio management for pooled vehiclesreportedItem 5.G
- Ownership
- no PE, bank or public-company owner found on Schedule Aderived
- Advisor book size
- not public; not estimatedreported
Also answered yes on Form ADV
- buys or sells securities as principal to or from clients (8.A.2)
- has discretionary authority over which securities are bought or sold (8.C.1)
- receives research or other products from a broker-dealer, soft dollars (8.E)
- marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Insurance companies$30B98%
- Corporations and businesses$413M1.4%
- Pooled investment vehicles$299M1.0%
- Individual clients
- 0reported
- HNW clients
- 0reported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 13reported
- Financial planning clients
- reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUM, performancereported
- Class basis
- private_client_share=0.0 fund_share=0.01 institutional_share=0.98 related_bd=true related_bank=false bd_reps=0.0derived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
Left, latest
- Robert Brian Pelkey to Capital Cities, LLCDec 31, 2008 · Other
- Leo John Dierckman to Oppenheimer Asset ManagementDec 8, 2005 · Other
- Gregory James Hahn to Oppenheimer & Co. Inc.Jul 5, 2005 · Other
- Eric David Todd to Global Atlantic Investment Advisors, LLCNov 11, 2002 · Other
Joined, latest
none on the tape
Private funds
9 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| Cedar Creek Clo, Ltd.no longer reported | Other Private Fund | $395M | 3 | Jun 19, 2014 |
| Bean Creek Clo Ltd | Securitized Asset Fund | $254M | 1 | Mar 28, 2016 |
| Mill Creek Clo, Ltd.no longer reported | Other Private Fund | $234M | 1 | Jun 19, 2014 |
| Deer Creek Clo, Ltd | Securitized Asset Fund | $215M | 1 | Mar 26, 2018 |
| Clear Creek Clo, Ltd | Securitized Asset Fund | $213M | 1 | Mar 20, 2015 |
| Silver Creek Clo, Ltd. | Securitized Asset Fund | $201M | 2 | Mar 20, 2015 |
| Sugar Creek Clo, Ltd.no longer reported | Other Private Fund | $169M | 2 | Jun 19, 2014 |
| Eagle Creek Clo, Ltd.no longer reported | Other Private Fund | $53.2M | 1 | Jun 19, 2014 |
| Mill Creek Clo II Ltd.no longer reported | Other Private Fund | $0 | 3 | Mar 17, 2017 |
Owners and control persons
Schedule A and B, latest filing
- William Richard Burke · Svp/Chief Information Officercontrolsince 06/2004 · owns less than 5%
- Maria Zandra De Haai · Svp, Fixed Income Researchcontrolsince 04/2019 · owns less than 5%
- Edward Jesse Horsfall · Senior Vice President, Portfolio Managementcontrolsince 02/2007 · owns less than 5%
- Ronald Eric Johnson · President, Cio & Directorcontrolsince 09/2003 · owns less than 5%
- Harrington Paul Mcdonough · Director, Executive Vice President And Chief Financial Officercontrolsince 04/2019 · owns less than 5%
- Alan Tony Neuhoff · Chief Compliance Officercontrolsince 02/2024 · owns less than 5%
Entity owners
- Cno Financial Group, Inc. · Sole Shareholderdirect · owns 75% or more · public reporting company
Related persons
Schedule D 7.A
- 40|86 Mortgage Capital, Inc.investment companyn
- Bankers Conseco Life Insurance Companyreal estaten
- Bankers Life Advisory Services, Inc.investment advisernRAUM $2.5B
- Bankers Life And Casualty Companyreal estaten
- Bankers Life Securities General Agency, Inc.real estaten
- Bankers Life Securities, Inc.broker-dealern
- Benetek Corporationreal estaten
- Cno Bermuda Re, Ltd.real estaten
- Colonial Penn Life Insurance Companyreal estaten
- Conseco Life Insurance Company Of Texasreal estaten
- K.F. Agency, Inc.real estaten
- K.F. Insurance Agency Of Massachusetts, Inc.real estaten
- Optavise, LLCreal estaten
- Performance Matters Associates, Inc.real estaten
- Resource Life Insurance Companyreal estaten
- Washington National Insurance Companyreal estaten
Advisers that list 40/86 Advisors, Inc. as a related person
- 281285 n
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
- Accounts · 16 to 13May 1, 2025 to Mar 26, 2026
- Advisory employees · 78 to 84May 1, 2025 to Mar 26, 2026
- Pooled vehicle clients · 5 to 3May 1, 2025 to Mar 26, 2026
- Employees · 78 to 84May 1, 2025 to Mar 26, 2026
- Private funds · 5 to 3May 1, 2025 to Mar 26, 2026
- Discretionary RAUM · $29B to $30BMay 1, 2025 to Mar 26, 2026
- Pooled vehicle RAUM · $544M to $299MMay 1, 2025 to Mar 26, 2026
- RAUM · $29B to $30BMay 1, 2025 to Mar 26, 2026
- Accounts · 15 to 16Apr 29, 2024 to May 1, 2025
- Corporate clients · 4 to 3Apr 29, 2024 to May 1, 2025
- Pooled vehicle clients · 4 to 5Apr 29, 2024 to May 1, 2025
- Financial planning clients · unset to Apr 29, 2024 to May 1, 2025
- Private funds · 4 to 5Apr 29, 2024 to May 1, 2025
- Discretionary RAUM · $27B to $29BApr 29, 2024 to May 1, 2025
- Pooled vehicle RAUM · $882M to $544MApr 29, 2024 to May 1, 2025
- RAUM · $27B to $29BApr 29, 2024 to May 1, 2025
- Advisory employees · 77 to 78Feb 28, 2024 to Mar 22, 2024
- Employees · 77 to 78Feb 28, 2024 to Mar 22, 2024
- Discretionary RAUM · $24B to $27BFeb 28, 2024 to Mar 22, 2024
- Pooled vehicle RAUM · $1.2B to $882MFeb 28, 2024 to Mar 22, 2024
- RAUM · $24B to $27BFeb 28, 2024 to Mar 22, 2024
- Advisory employees · 76 to 77Apr 26, 2022 to Mar 31, 2023
- Employees · 76 to 77Apr 26, 2022 to Mar 31, 2023
- Discretionary RAUM · $29B to $24BApr 26, 2022 to Mar 31, 2023
- Pooled vehicle RAUM · $1.2B to $1.2BApr 26, 2022 to Mar 31, 2023
- RAUM · $29B to $24BApr 26, 2022 to Mar 31, 2023
- Advisory employees · 75 to 76Mar 30, 2021 to Mar 30, 2022
- Employees · 75 to 76Mar 30, 2021 to Mar 30, 2022
- Financial planning clients · 0 to unsetMar 30, 2021 to Mar 30, 2022
- Discretionary RAUM · $28B to $29BMar 30, 2021 to Mar 30, 2022
- Pooled vehicle RAUM · $1.2B to $1.2BMar 30, 2021 to Mar 30, 2022
- RAUM · $28B to $29BMar 30, 2021 to Mar 30, 2022
- Advisory employees · 78 to 75Sep 22, 2020 to Mar 30, 2021
- Employees · 78 to 75Sep 22, 2020 to Mar 30, 2021
- Private funds · 5 to 4Sep 22, 2020 to Mar 30, 2021
- Discretionary RAUM · $26B to $28BSep 22, 2020 to Mar 30, 2021
- Pooled vehicle RAUM · $1.2B to $1.2BSep 22, 2020 to Mar 30, 2021
- RAUM · $26B to $28BSep 22, 2020 to Mar 30, 2021
- Accounts · 17 to 15Jun 14, 2019 to Mar 20, 2020
- Advisory employees · 72 to 78Jun 14, 2019 to Mar 20, 2020
Signals
5 dated events
- Johanna Rachel Spehler (Chief Compliance Officer) no longer on Schedule A of 40/86 Advisors, Inc. (listed 2023-04-25, absent 2024-02-28)Feb 28, 2024 · Control person left · inference
- Alan Tony Neuhoff (Chief Compliance Officer) appeared on Schedule A of 40/86 Advisors, Inc.Feb 28, 2024 · Control person joined · fact
- Maria Zandra De Haai (Svp, Fixed Income Research) appeared on Schedule A of 40/86 Advisors, Inc.Apr 25, 2019 · Control person joined · fact
- 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)Mar 28, 2019 · Control person left · inference
- H Paul Mcdonough (Director, Executive Vice President And Chief Financial Officer) appeared on Schedule A of 40/86 Advisors, Inc.Mar 28, 2019 · Control person joined · fact
Across DFX
shared identifiers only, never a name match
No identifier-backed link to the venture, private equity, family office or sponsor graphs.
How to reach
public business contact points only, each with its source
- Firm profile
- linkedin.com/company/4086-advisorsreportedpublic record, Form ADV, Sep 17, 2026
- Website
- 4086.comreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- 317-817-4086reportedpublic record, Form ADV, Apr 22, 2026
Provenance
- Form ADV
- SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
- Advisors
- IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
- Class
- Institutional managerderiveda rule over Items 5.D and 7.A
- RAUM per advisor
- n/aderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026