# Conning, Inc.

> Conning, Inc. is an SEC-registered investment advisory firm in Hartford, CT, registered since 1983, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated March 30, 2026.

- CRD: 107423
- Filed as: CONNING, INC.
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Hartford, CT
- Filing period: October 2026
- Form ADV filing dated: March 30, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/107423
- AdvisorCensus page: https://advisorcensus.com/firm/conning-inc-hartford-ct-107423

## Quick answers

**How is Conning, Inc. compensated?**
On its Form ADV (Item 5.E, October 2026), Conning, Inc. reports these compensation arrangements: a percentage of assets under its management; hourly charges; subscription fees (for a newsletter or periodical); fixed fees (other than subscription fees); performance-based fees; other. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Conning, Inc. located?**
Conning, Inc.'s principal office is in Hartford, CT, according to its Form ADV; the April 2026 filing also lists 1 other office (Schedule D, Section 1.F).

**Is Conning, Inc. registered with the SEC or a state?**
Conning, Inc. is an SEC-registered investment advisory firm, registered since 1983. Status as filed: Approved. CRD 107423.

**How much does Conning, Inc. manage?**
Conning, Inc. reports $106,897,084,097 in regulatory assets under management in its Form ADV filing dated March 30, 2026 (100% discretionary).

**How have Conning, Inc.'s assets and staff changed since 2021?**
In the Form ADV data for Conning, Inc.: Regulatory assets under management: $107,965,083,454 in the October 2021 data and $106,897,084,097 in the October 2026 data, down 1%. Total employees: 260 in October 2021 and 270 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Conning, Inc. serve?**
By number of clients on Form ADV Item 5.D: insurance companies (121); state or municipal government entities (including government pension plans) (17); corporations or other businesses not listed above (9).

**Which custodians does Conning, Inc. use?**
Conning, Inc.'s most recent Form ADV filing (Schedule D, Section 5.K(3)) lists J.P. Morgan Securities LLC, Northern Trust Securities, Inc. and State Street Global Markets, LLC as custodians holding 10% or more of its separately managed account assets.

**Does Conning, Inc. 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/107423

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Hourly charges
- Subscription fees (for a newsletter or periodical)
- Fixed fees (other than subscription fees)
- Performance-based fees
- Other

### Custodians (Schedule D, Section 5.K(3))
- J.P. Morgan Securities LLC
- Northern Trust Securities, Inc.
- State Street Global Markets, LLC

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: $106,897,084,097
- Discretionary: $106,624,943,097
- Non-discretionary: $272,141,000

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 0 | $0 |
| High net worth individuals | 0 | $0 |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 8 | $1,870,205,308 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 6 | $147,834,927 |
| Charitable organizations | Fewer than 5 | $100,381,598 |
| State or municipal government entities (including government pension plans) | 17 | $9,851,243,023 |
| Other investment advisers | 0 | $0 |
| Insurance companies | 121 | $94,277,179,358 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses not listed above | 9 | $538,664,355 |
| Other | Fewer than 5 | $111,575,528 |

### Advisory services (Item 5.G)
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients
- Publication of periodicals or newsletters
- Other

### Firm details
- Registered since: 1983 (43 years)
- Employees: 270 total, 240 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CT, LA, NY, OH, TN
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the April 2026 filing
- New York, NY

### Websites listed on Form ADV (Item 1.I)
- conning.com
- LinkedIn @CONNING
- X @ConningNews
- YouTube @CONNINGCENTENNIAL

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $107,965,083,454 | 260 | March 29, 2021 |
| October 2022 | $110,321,940,668 | 263 | June 10, 2022 |
| October 2023 | $94,819,205,056 | 270 | October 2, 2023 |
| October 2024 | $100,423,245,789 | 270 | May 6, 2024 |
| October 2025 | $99,533,233,234 | 270 | March 28, 2025 |
| October 2026 | $106,897,084,097 | 270 | March 30, 2026 |

Regulatory assets under management: $107,965,083,454 in the October 2021 data and $106,897,084,097 in the October 2026 data, down 1%.
Total employees: 260 in October 2021 and 270 in October 2026.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Conning, Inc. (CRD 107423): Form ADV filing data as of October 2026.