Cigna Investments, Inc. is a large advisory firm based in Bloomfield. It manages $38.99 billion of regulatory assets for 91 client accounts. It has been registered with the SEC as an adviser since 2009 and has operated in the jurisdictions of Connecticut and Texas.
Cigna Investments provides portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Cigna Investments, Inc. is $38.99 billion. The firm's AUM has grown by 119% since the beginning of its operation, and $11.05 billion of the total AUM is attributable to clients outside of the United States.
The advisory firm has a single stream of revenue. Clients pay Cigna Investments, Inc. for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to insurance companies, charitable organizations, pooled investment vehicles, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Christopher Snow is insurance companies with 65 clients and $27.65 billion of assets under management. Among the 8 most similar advisory firms, Cigna Investments has the highest percentage of insurance companies out of all clients.
The amount of regulatory assets under management is $32.73 billion for 88 clients. 22% of the firm’s clients are foreign persons or businesses.
Cigna Investments also advises several private funds. Namely, one liquidity fund and one real estate fund.
The company employs 130 people that are either part- or full-time employees. 42 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative with the state securities authorities.
There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
Christopher Snow has been acting as President since 1 May 2009. David Andrew Russell joined the executive team most recently as the Director, Assistant Vice President And Treasurer.
The principal office where Cigna Investments, Inc. performs its advisory services is located at 900 Cottage Grove Road, Bloomfield, CT 06002 The mailing address of the firm is 900 Cottage Grove Road, Bloomfield, CT 06002. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 860-226-3723. The normal business hours are 8:30 am to 5:30 pm on Monday - Friday.