{"url":"https://nivawealth.com/firms/40-86-advisors-107740","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/107740","regulatoryAum":30495148307,"crd":"107740","secFileNumber":"801-17857","legalName":"40/86 Advisors, Inc.","displayName":"40/86 Advisors","website":"https://4086.com/","linkedinUrl":"https://www.linkedin.com/company/4086-advisors","founded":null,"organization":"Delaware corporation","fiscalYearEnd":"December","headquarters":{"street":"11299 Illinois Street, Suite 200","city":"Carmel","state":"IN","stateName":"Indiana","country":"United States","postalCode":"46032"},"tradeNames":["Creeksource LLC (relying Adviser)"],"registration":{"secApproved":"20 October 1982","noticeFilings":null,"latestNoticeFiling":null},"staff":{"employees":84,"advisory":84,"brokerDealerReps":0,"insuranceAgents":0,"promoters":0},"aum":{"discretionary":30495148307,"discretionaryAccounts":13,"nonDiscretionary":0,"nonDiscretionaryAccounts":0,"wrapProgram":null,"nonUsClientsPct":31,"nonAumClients":0},"clientTypes":[{"label":"Pooled investment vehicles","clients":3,"regulatoryAum":298792861},{"label":"Insurance companies","clients":7,"regulatoryAum":29783476838},{"label":"Corporations and other businesses","clients":3,"regulatoryAum":412878608}],"fees":[],"feeNotes":[],"feePrograms":[],"brochureCoverage":{"scope":"known_documents","status":"not_processed","checkedAt":null,"documents":[]},"custodians":[{"name":"Northern Trust","shortName":"Northern Trust","location":"Chicago, IL","smaAssets":24316496929}],"custodyNote":"40/86 Advisors does not have custody of client assets.","otherCustodians":[],"leadership":[{"name":"Richard Burke","title":"Senior Vice President, Chief Information Officer","crd":"4347227"},{"name":"Zandra De Haai","title":"Senior Vice President, Fixed Income Research","crd":"6375703"},{"name":"Jesse Horsfall","title":"Senior Vice President, Portfolio Management","crd":"2275166"},{"name":"Eric Johnson","title":"Director, President and Chief Investment Officer","crd":"4346768"},{"name":"Paul McDonough","title":"Director, Executive Vice President and Chief Financial Officer","crd":"7089411"},{"name":"Tony Neuhoff","title":"Vice President, Deputy General Counsel and Chief Compliance Officer","crd":"7880761"}],"ownership":[{"label":"Cno Financial Group, Inc.","detail":"Sole shareholder in the 75% or more ownership band and a control person, since December 1987."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"officesByState":[{"state":"Indiana","offices":1,"addresses":[{"street":"11299 Illinois Street, Suite 200","city":"Carmel","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"317-817-4086","stateRegisteredReps":0,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Performance-based fees"],"activities":["Portfolio management for pooled investment vehicles (other than investment companies)","Portfolio management for businesses (other than small businesses) or institutional clients"],"financialPlanningClients":null,"assetMix":[{"label":"Exchange-traded equity securities","percent":1},{"label":"Non-exchange-traded equity securities","percent":3},{"label":"U.S. government/agency bonds","percent":3},{"label":"U.S. state and local bonds","percent":10},{"label":"Investment grade corporate bonds","percent":41},{"label":"Non-investment grade corporate bonds","percent":2},{"label":"Derivatives","percent":1},{"label":"Cash and cash equivalents","percent":2},{"label":"Other","percent":37,"detail":"Company-Owned Life Insurance, Asset-Backed Securities, Mortgage-Backed Securities, Mortgage Loans, Credit Tenant Loans, Rated Notes and Certain Other Structured Securities."}],"privateFunds":3},"sources":{"adv1FilingDate":"22 April 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/107740/PDF/107740.pdf","brochureDate":null,"brochureUrl":null,"iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does 40/86 Advisors have?","answer":"40/86 Advisors has 13 clients and manages $30.5 billion for them, as of April 2026. They include 7 insurance companies, 3 pooled investment vehicles and 3 corporations and other businesses.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 22 April 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does 40/86 Advisors offer?","answer":"40/86 Advisors provides portfolio management for pooled vehicles and portfolio management for institutions.","source":"Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Which custodians does 40/86 Advisors use?","answer":"40/86 Advisors’ separately managed account assets are held at Northern Trust (Chicago, IL), with $24,316,496,929. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 22 April 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does 40/86 Advisors have?","answer":"40/86 Advisors has 0 investment adviser representatives registered with state securities authorities, out of 84 employees, and 84 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.","source":"Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does 40/86 Advisors invest in?","answer":"At the end of its last fiscal year, 40/86 Advisors’ separately managed accounts held 41% investment grade corporate bonds, 37% company-owned life insurance, asset-backed securities, mortgage-backed securities, mortgage loans, credit tenant loans, rated notes and certain other structured securities., 10% state and local bonds, 3% non-exchange-traded equities, 3% U.S. government and agency bonds, 2% high-yield corporate bonds, 2% cash and equivalents, 1% exchange-traded equities and 1% derivatives. It advises 3 private funds.","source":"Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns 40/86 Advisors?","answer":"40/86 Advisors’ direct owner is Cno Financial Group, Inc. (75% or more).","source":"Form ADV Part 1A, Schedules A and B, filed 22 April 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does 40/86 Advisors get paid?","answer":"40/86 Advisors is paid through a percentage of assets under management and performance-based fees. Its Form ADV lists no commissions among how it is paid.","source":"Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva Wealth is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}