Conning Investment Products, Inc. (Hartford)

Name: Conning Investment Products, Inc.
Address: One Financial Plaza, Hartford, CT, 06103
Telephone: 860-299-2000

Conning Investment Products, Inc. is a large advisory firm based in Hartford. It manages $346.41 million of regulatory assets for 7 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdiction of Connecticut.

Conning Investment Products provides portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Conning Investment Products: assets under management

The assets under management (AUM) of Conning Investment Products, Inc. is $346.41 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -51% since the beginning of its operation, and $346.41 million of the total AUM is attributable to clients outside of the United States.

The firm manages $346.41 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $49.49 million each.

Investments

The firm invests in government bonds the most. They account for 68% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 28% of the firm’s portfolio. Investments in cash and cash equivalents form 2% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Conning Investment Products, 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.

Careers at Conning Investment Products, Inc.

The company employs 8 people that are either part- or full-time employees. 38 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 compensates employees in addition to the salary for bringing in new clients. Employees receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Conning & Company	Direct owner	1 Jan 2004	75% - 100%	06-1174588
Robert Stedman Pearce	Managing director, chief compliance officer	1 Nov 2005	Other	1991468
Kenneth Ronald George	Finop	1 Jan 2006	Other	2643369
Glenn Heiser	Managing director, cao	1 Aug 2009	Other	4648423
Linwood Earle Jr Bradford	Managing director, president & ceo	1 Sep 2010	Other	4179446
Jung Won Lee	Managing director, cfo	1 Jan 2011	Other	2791334
Vi (Viola) R. Smalley	Chief legal counsel/corporate secretary	1 Jan 2011	Other	5899872
John Aloysius Jr Corroon	Managing director, head of sales	1 Mar 2014	Other	2131256
Michael Edward Haylon	Managing director, head of sales	1 Apr 2016	Other	1884528

Indirect Owners

The SEC currently registers 9 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Conning Holdings Corp.	Member	1 Oct 2009	75% - 100%	27-0945244
Aquiline Financial Services Fund L.P.	Shareholder	1 Oct 2009	50% - 75%	20-3831810
Aquiline Financial Services Fund (Offshore) L.P.	Shareholder	1 Oct 2009	25% - 50%	foreign
Conning Holdings Corp	Shareholder	1 Oct 2009	75% - 100%	27-0945244
Cathay Financial Holding Co. Ltd	9.9%	1 Sep 2011	Other	foreign
Ltd. Cathay Life Insurance Co.	Shareholder	1 Sep 2015	75% - 100%	03-3747070
Ltd. Cathay Financial Holding Co.	Shareholder	1 Sep 2015	75% - 100%	70-8274060
Conning Holdings Limited	Shareholder	1 Sep 2015	75% - 100%	98-1259764
Inc. Conning U.S. Holdings	Shareholder	1 Sep 2015	75% - 100%	47-4844493

Based in Hartford

The principal office where Conning Investment Products, Inc. performs its advisory services is located at One Financial Plaza, Hartford, CT 06103, which is also the mailing address of the firm. 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 860-299-2480. The normal business hours are 8:00am - 4:45pm on Monday - Friday. You can find more information about the New York firm at conning.com.