Conning, Inc. is a large advisory firm based in Hartford. It manages $99.9 billion of regulatory assets for 489 client accounts. It has been registered with the SEC as an adviser since 2009 and has operated in the jurisdictions of Connecticut, Louisiana, New York, and Ohio.
Conning provides portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, publication of newsletters, and consulting and research services. 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 Conning, Inc. is $99.9 billion. The firm's AUM has grown by 37% since the beginning of its operation, and $37.45 billion of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Conning, Inc. for their services and products based on a percentage of assets under management, hourly charges, subscription fees, fixed fees, and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. 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, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Conning is insurance companies with 121 clients and $91.24 billion of assets under management. Among the 10 most similar advisory firms, Conning has the highest percentage of insurance companies out of all clients.
The amount of regulatory assets under management is $99.77 billion for 155 clients. 6% of the firm’s clients are foreign persons or businesses.
Conning doesn't advise any private funds.
The company employs 260 people that are either part- or full-time employees. 88 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 are 4 people with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees receive compensation from other entities for client referrals.
The principal office where Conning, Inc. performs its advisory services is located at One Financial Plaza, Hartford, CT 06103, which is also the mailing address of the firm. An additional office of the firm is in New York, NY. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 860-299-2000 or by fax 860-299-2479. The normal business hours are 8:00 am - 4:45pm on Monday - Friday. You can find more information about the New York firm at conning.com.