Clients
Conning serves 161 clients, 121 of them insurance companies. The average client has about $664 million with the firm.
- State or municipal government entities17 clients9%
- Insurance companies121 clients88%
- OtherPooled investment vehicles, Pension and profit-sharing plans, Charitable organizations, Corporations and other businesses, Other3%
Show client breakdownHide client breakdown
| Client type | Clients | Regulatory AUM | Share | Avg. per client |
|---|---|---|---|---|
| Pooled investment vehicles | 8 | $1,870,205,308 | 1.7% | $233.8M |
| Pension and profit-sharing plans | 6 | $147,834,927 | 0.1% | $24.6M |
| Charitable organizations | Not reported | $100,381,598 | 0.1% | — |
| State or municipal government entities | 17 | $9,851,243,023 | 9.2% | $579.5M |
| Insurance companies | 121 | $94,277,179,358 | 88.2% | $779.2M |
| Corporations and other businesses | 9 | $538,664,355 | 0.5% | $59.9M |
| Other | Not reported | $111,575,528 | 0.1% | — |
| Total | 161 | $106,897,084,097 | 100% | $664.0M |
- Clients
- 8
- Regulatory AUM
- $1,870,205,308
- Share
- 1.7%
- Avg. per client
- $233.8M
- Clients
- 6
- Regulatory AUM
- $147,834,927
- Share
- 0.1%
- Avg. per client
- $24.6M
- Clients
- Not reported
- Regulatory AUM
- $100,381,598
- Share
- 0.1%
- Avg. per client
- —
- Clients
- 17
- Regulatory AUM
- $9,851,243,023
- Share
- 9.2%
- Avg. per client
- $579.5M
- Clients
- 121
- Regulatory AUM
- $94,277,179,358
- Share
- 88.2%
- Avg. per client
- $779.2M
- Clients
- 9
- Regulatory AUM
- $538,664,355
- Share
- 0.5%
- Avg. per client
- $59.9M
- Clients
- Not reported
- Regulatory AUM
- $111,575,528
- Share
- 0.1%
- Avg. per client
- —
Total
- Clients
- 161
- Regulatory AUM
- $106,897,084,097
- Share
- 100%
- Avg. per client
- $664.0M
What it does
Conning provides portfolio management for pooled vehicles, portfolio management for institutions, publishing newsletters and other activities. It is paid through a percentage of assets, hourly charges, subscription fees, fixed fees, performance-based fees and other arrangements.
Conning provided financial planning to 0 clients last fiscal year and advises no private funds.
99.7% of assets ($106.62B across 813 accounts) are managed with discretion; $272.1M across 6 accounts are not. 7% of clients are outside the U.S., and 0 clients received advice without assets under management last fiscal year.
What the accounts hold
- Stocks3%
- Bonds68%
- Investment grade corporate bonds58%
- State and local bonds5%
- U.S. government and agency bonds4%
- High-yield corporate bonds1%
- Cash6%
- Other23%
- Redeemable pfd, asset backed, cmbs, cmo, mbs-pass through, convertible, emerging mkt corp, emerging mkt gov't, private placement, sovereign, cit's, formosa bonds, etf23%
Custodians
Conning’s client accounts are held mainly at J.P. Morgan, with 30% of managed assets, and State Street Global Markets, with 19%. Conning does not have custody of client assets.
- Northern Trust SecuritiesNorthern Trust Securities, Inc. · Chicago, IL · $11.01B10%
- State Street Global MarketsState Street Global Markets, LLC · Boston, MA · $20.40B19%
- J.P. MorganJ.P. Morgan Securities LLC · New York, NY · $31.81B30%
- All other custodians$43.68B41%
Ownership and leadership
Conning & Company owns 75% or more of Conning.
- Owns 75% or more of Conning, Inc.
Conning & Company
Control person · since July 1996
- Owns 75% or more of Conning & Company
Conning Holdings Corp
Control person · since October 2009
- Owns 75% or more of Conning Holdings Corp
Conning U.S. Holdings, Inc.
Control person · since September 2015
- Owns 75% or more of Conning U.S. Holdings, Inc.
Conning Holdings Limited
Control person · since September 2015
- Owns 75% or more of Conning Holdings Limited
Generali Investments Holding S.p.a
Control person · since April 2024
- Owns 75% or more of Generali Investments Holding S.p.a
Assicurazioni Generali S.p.a
Control person · since April 2024
Leadership
- Matthew Kenneth DalyCEO & President
- Jung LeeManaging Director, Chief Financial Officer, Board Member
- Robert Stedman PearceManaging Director, Chief Compliance Officer
- Cynthia BeaulieuManaging Director, Portfolio Manager and CIO Conning North America
- Linwood BradfordChair of the Board
- Lorraine HritckoManaging Director, Board Member
- VI (viola) R. SmalleyManaging Director, Chief Legal Officer, Corporate Secretary
Staff
- 270 employees
- 240 in advisory functions
- 1 state-registered rep
- 10 broker-dealer reps
- 4 soliciting firms
Reported holdings
Conning’s reported 13F holdings total $3.34B across 327 positions, and the ten largest make up 16.0% of it.
- $3.34B
- Reported 13F value
- 327
- Positions
- 16.0%
- In the 10 largest
- +10.9%
- Value vs. prior quarter
- State Str SPDR S&P 500 ETF T · TR Unit2.3%
- iShares TR · Core S&P500 ETF2.2%
- SPDR Series Trust · ST Port High ETF1.9%
- iShares TR · Core S&P Scp ETF1.7%
- Corning Inc.1.4%
- Caterpillar Inc.1.3%
- Merck & CO Inc.1.3%
- JPMORGAN Chase & CO1.3%
- Abbvie Inc.1.3%
- Home Depot Inc.1.3%
Together, the ten largest are 16.0% of reported value.
A 13F covers only exchange-traded long positions the firm holds with discretion, so this $3.34B is not its $106.90B in regulatory assets and does not represent any individual client's portfolio.
Fees
Conning is paid through a percentage of assets under management, hourly charges, subscription fees, fixed fees (other than subscription fees), performance-based fees and other.
Conning’s fee rates are not included in this profile. Find its brochure on the SEC’s site.
Offices and registrations
Besides its headquarters, Conning has 1 office, with 2 listed addresses across 2 states.
Connecticut · 1 listed address
- One Financial Plaza, 755 Main Street, HartfordHQ
New York · 1 listed address
- 250 Park Avenue, New York
Registration details
- Legal name
- Conning, Inc.
- Headquarters
- One Financial Plaza, 755 Main Street, Hartford, CT 06103
- Phone
- 860-299-2000
- Website
- www.conning.com
- SEC file
- 801-18641
- Structure
- Missouri corporation
- Fiscal year end
- December
This directory does not report disciplinary history, for any firm or individual, in either direction. The SEC publishes the complete record, including any disciplinary events, and it is the authoritative place to check one. See this firm's record on adviserinfo.sec.gov
Common questions
How many clients does Conning have?
Conning has 161 clients and manages $106.9 billion for them, as of March 2026. They include 121 insurance companies, 17 state or municipal government entities and 9 corporations and other businesses.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 30 March 2026
What services does Conning offer?
Conning provides portfolio management for pooled vehicles, portfolio management for institutions, publishing newsletters and other activities.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does Conning use?
Conning’s separately managed account assets are held at J.P. Morgan Securities LLC (New York, NY), with $31,813,164,491, State Street Global Markets, LLC (Boston, MA), with $20,397,993,209 and Northern Trust Securities, Inc. (Chicago, IL), with $11,010,712,016. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 30 March 2026
How many financial advisors does Conning have?
Conning has 1 investment adviser representatives registered with state securities authorities, out of 270 employees, and 240 perform investment advisory functions. 10 are registered representatives of a broker-dealer and 0 are licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Conning invest in?
At the end of its last fiscal year, Conning’s separately managed accounts held 58% investment grade corporate bonds, 23% redeemable pfd, asset backed, cmbs, cmo, mbs-pass through, convertible, emerging mkt corp, emerging mkt gov't, private placement, sovereign, cit's, formosa bonds, etf, 6% cash and equivalents, 5% state and local bonds, 4% U.S. government and agency bonds, 3% exchange-traded equities and 1% high-yield corporate bonds. It advises no private funds of its own.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Conning?
Conning is owned through a chain of holding companies by Assicurazioni Generali S.p.a. Its direct owner is Conning & Company (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 30 March 2026
How does Conning get paid?
Conning is paid through a percentage of assets under management, hourly charges, subscription fees, fixed fees, performance-based fees and other arrangements. 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