Clients
Manning & Napier Advisors serves 3,474 clients, 1,549 of them high-net-worth individuals. The average client has about $4.9 million with the firm, and high-net-worth clients hold 30% of its $17 billion in assets.
- Individuals1,475 clients4%
- High-net-worth individuals1,549 clients30%
- Investment companies1 clients25%
- Pooled investment vehicles3 clients6%
- Pension and profit-sharing plans131 clients16%
- OtherCharitable organizations, Corporations and other businesses, Other, Banking or thrift institutions, State or municipal government entities, Insurance companies19%
Show client breakdownHide client breakdown
| Client type | Clients | Regulatory AUM | Share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 1,475 | $756,956,377 | 4.4% | $513K |
| High-net-worth individuals | 1,549 | $5,109,732,778 | 30.0% | $3.30M |
| Banking or thrift institutions | 2 | $40,887,378 | 0.2% | $20.4M |
| Investment companies | 1 | $4,260,481,642 | 25.0% | $4.26B |
| Pooled investment vehicles | 3 | $958,831,353 | 5.6% | $319.6M |
| Pension and profit-sharing plans | 131 | $2,679,827,520 | 15.7% | $20.5M |
| Charitable organizations | 148 | $1,498,104,478 | 8.8% | $10.1M |
| State or municipal government entities | 15 | $207,693,629 | 1.2% | $13.8M |
| Insurance companies | 1 | $4,314,820 | 0.0% | $4.31M |
| Corporations and other businesses | 109 | $1,009,531,030 | 5.9% | $9.26M |
| Other | 40 | $503,004,681 | 3.0% | $12.6M |
| Total | 3,474 | $17,029,365,686 | 100% | $4.90M |
- Clients
- 1,475
- Regulatory AUM
- $756,956,377
- Share
- 4.4%
- Avg. per client
- $513K
- Clients
- 1,549
- Regulatory AUM
- $5,109,732,778
- Share
- 30.0%
- Avg. per client
- $3.30M
- Clients
- 2
- Regulatory AUM
- $40,887,378
- Share
- 0.2%
- Avg. per client
- $20.4M
- Clients
- 1
- Regulatory AUM
- $4,260,481,642
- Share
- 25.0%
- Avg. per client
- $4.26B
- Clients
- 3
- Regulatory AUM
- $958,831,353
- Share
- 5.6%
- Avg. per client
- $319.6M
- Clients
- 131
- Regulatory AUM
- $2,679,827,520
- Share
- 15.7%
- Avg. per client
- $20.5M
- Clients
- 148
- Regulatory AUM
- $1,498,104,478
- Share
- 8.8%
- Avg. per client
- $10.1M
- Clients
- 15
- Regulatory AUM
- $207,693,629
- Share
- 1.2%
- Avg. per client
- $13.8M
- Clients
- 1
- Regulatory AUM
- $4,314,820
- Share
- 0.0%
- Avg. per client
- $4.31M
- Clients
- 109
- Regulatory AUM
- $1,009,531,030
- Share
- 5.9%
- Avg. per client
- $9.26M
- Clients
- 40
- Regulatory AUM
- $503,004,681
- Share
- 3.0%
- Avg. per client
- $12.6M
Total
- Clients
- 3,474
- Regulatory AUM
- $17,029,365,686
- Share
- 100%
- Avg. per client
- $4.90M
What it does
Manning & Napier Advisors provides financial planning, portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled vehicles, portfolio management for institutions, pension consulting, selecting other managers, publishing newsletters and educational seminars. It is paid through a percentage of assets and other arrangements.
Manning & Napier Advisors provided financial planning to 800 clients last fiscal year and advises no private funds.
97.7% of assets ($16.63B across 4,598 accounts) are managed with discretion; $396.5M across 2,367 accounts are not. 0% of clients are outside the U.S., and 9 clients received advice without assets under management last fiscal year.
What the accounts hold
The filed percentages total 101%. The values below are shown as filed.
- Exchange-traded equity securities
- 49%
- Non-exchange-traded equity securities
- 5%
- U.S. government/agency bonds
- 13%
- U.S. state and local bonds
- 1%
- Investment grade corporate bonds
- 4%
- Non-investment grade corporate bonds
- 4%
- Securities issued by registered investment companies or business development companies
- 16%
- Cash and cash equivalents
- 3%
- Other (Exchange Traded Funds and Certain Asset-Backed and Mortgage-Backed Securities)
- 6%
Custodians
Manning & Napier Advisors’ client accounts are held mainly at Exeter Trust, with 27% of managed assets, and Charles Schwab, with 10%. Manning & Napier Advisors has custody of client assets.
- Exeter TrustExeter Trust Company · Fairport, NY · $4.60B27%
- Charles SchwabCharles Schwab & Co., Inc. · San Franciso, CA · $1.70B10%
- All other custodians$10.72B63%
Ownership and leadership
Manning & Napier Group, LLC owns 75% or more of Manning & Napier Advisors.
- Owns 75% or more of Manning & Napier Advisors, LLC
Manning & Napier Group, LLC
Control person · since October 2011
- Owns 75% or more of Manning & Napier Group, LLC
Manning & Napier, Inc.
Control person · since June 2011
- Owns 75% or more of Manning & Napier, Inc.
Callodine Midco, Inc.
Control person · since April 2022
- Owns 75% or more of Callodine Midco, Inc.
Callodine MN Holdings, Inc.
Control person · since March 2022
- Owns 50% to 75% of Callodine MN Holdings, Inc.
Callodine Aggregator, LLC
Control person · since March 2022
- Owns 25% to 50% of Callodine Aggregator, LLC
East Asset Management. LLC
Control person · since March 2022
- Owns 50% to 75% of East Asset Management. LLC
Kim Pegula
Control person · since January 2018
- Owns 50% to 75% of East Asset Management. LLC
Terrence Pegula
Control person · since January 2018
- Owns 75% or more of Manning & Napier Advisors, LLC
James Morrow
Control person · since October 2022
Leadership
- Paul BattagliaChief Financial Officer / President
- William HoldenPresident, Wealth Management
- Aaron McGreevyPresident, Asset Management
- Scott MorabitoChief Operating Officer
- Samantha LarewChief Compliance Officer
- Nicole Kingsley BrunnerChief Growth Officer, Wealth Management
Staff
- 195 employees
- 159 in advisory functions
- 50 state-registered reps
- 80 broker-dealer reps
- 50 soliciting firms
Reported holdings
Manning & Napier Advisors’ reported 13F holdings total $7.80B across 865 positions, and the ten largest make up 31.7% of it.
- $7.80B
- Reported 13F value
- 865
- Positions
- 31.7%
- In the 10 largest
- +10.0%
- Value vs. prior quarter
- Nvidia Corp.4.7%
- Microsoft Corp.4.2%
- Taiwan Semiconductor - SP ADR · ADR3.6%
- Amazon.com Inc.3.1%
- Mastercard Inc.-class A2.9%
- Alphabet Inc.-cl A2.9%
- Visa Inc. - Class A Shares2.7%
- Vanguard Intermediate -term TETF2.5%
- Meta Platforms Inc.2.5%
- United Parcel Service2.5%
Together, the ten largest are 31.7% of reported value.
A 13F covers only exchange-traded long positions the firm holds with discretion, so this $7.80B is not its $17.03B in regulatory assets and does not represent any individual client's portfolio.
Fees
Manning & Napier Advisors is paid through a percentage of assets under management and other.
Manning & Napier Advisors’ fee rates are not included in this profile. Find its brochure on the SEC’s site.
Offices and registrations
Besides its headquarters, Manning & Napier Advisors has 4 offices, with 5 listed addresses across 4 states.
Florida · 2 listed addresses
- 150 Second Avenue, North, ST. Petersburg
- 365 5th Ave S, Naples
New York · 1 listed address
- 290 Woodcliff Drive, FairportHQ
Ohio · 1 listed address
- 655 Metro Place South, Dublin
Washington · 1 listed address
- 600 University Street, Seattle
Registration details
- Legal name
- Manning & Napier Advisors, LLC
- Headquarters
- 290 Woodcliff Drive, Fairport, NY 14450
- Phone
- 585-325-6880
- Website
- www.manning-napier.com
- SEC file
- 801-10733
- Structure
- Delaware LLC
- 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 Manning & Napier Advisors have?
Manning & Napier Advisors has 3,474 clients and manages $17 billion for them, as of June 2026. They include 1,549 high-net-worth individuals, 1,475 other individuals and 148 charitable organizations.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 23 June 2026
What services does Manning & Napier Advisors offer?
Manning & Napier Advisors provides financial planning, portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled vehicles, portfolio management for institutions, pension consulting, selecting other managers, publishing newsletters and educational seminars.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does Manning & Napier Advisors use?
Manning & Napier Advisors’ separately managed account assets are held at Exeter Trust Company (Fairport, NY), with $4,604,294,671 and Charles Schwab & Co., Inc. (San Franciso, CA), with $1,700,106,616. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 23 June 2026
How many financial advisors does Manning & Napier Advisors have?
Manning & Napier Advisors has 50 investment adviser representatives registered with state securities authorities, out of 195 employees, and 159 perform investment advisory functions. 80 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 Manning & Napier Advisors invest in?
At the end of its last fiscal year, Manning & Napier Advisors’ separately managed accounts held 49% exchange-traded equities, 16% registered funds (mutual funds, ETFs, BDCs), 13% U.S. government and agency bonds, 6% exchange traded funds and certain asset-backed and mortgage-backed securities, 5% non-exchange-traded equities, 4% investment grade corporate bonds, 4% high-yield corporate bonds, 3% cash and equivalents and 1% state and local 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 Manning & Napier Advisors?
Manning & Napier Advisors is owned through a chain of holding companies by Kim and Terrence Pegula. Its direct owners are Manning & Napier Group, LLC (75% or more) and James Morrow (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 23 June 2026
How does Manning & Napier Advisors get paid?
Manning & Napier Advisors is paid through a percentage of assets under management and other arrangements. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file