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40/86 ADVISORS, INC.
CRD 107740File 801-17857
APPROVED
Filing as of Apr 22, 2026
Feed vintage Oct 1, 2026
Regulatory AUM
$30.50B
Top 10% of cohort (national)
Discretionary AUM
$30.50B
Clients
13
13 accounts
Employees
84
Top 10% of cohort in IN
Identity & registration
ADV Item 1- Organization form
- Corporation
- Firm type
- Registered
- SEC region
- CHRO
- Registration date
- Oct 20, 1982
- Principal office
- 11299 ILLINOIS STREET, SUITE 200, CARMEL, IN, 46032
- Phone
- 317-817-4086
- Website
- https://4086.com/
Assets & accounts
ADV Item 5F- Total regulatory AUM
- $30.50B
- Discretionary AUM
- $30.50B
- Non-discretionary AUM
- $0
- Discretionary accounts
- 13
- Non-discretionary accounts
- 0
- Total accounts
- 13
- AUM per client
- $2.35B
Clients by type
ADV Item 5D| Client type | Clients | AUM |
|---|---|---|
| Other | 3 | $412.9M |
| Insurance companies | 7 | $29.78B |
| Pooled investment vehicles | 3 | $298.8M |
Compensation & activities
ADV Items 5E, 5GCompensation
- Performance-based fees
- A percentage of assets under your management
Advisory activities
- Portfolio management for businesses
- Portfolio management for pooled investment vehicles
Custody
ADV Item 9- Firm Custody Cash
- No
- Firm Custody Assets
- No
- Firm Custody Clients
- No
- Firm Custody Securities
- No
- Related Person Custody Cash
- No
- Related Person Custody Assets
- No
- Related Person Custody Clients
- No
- Related Person Custody Securities
- No
Disclosure events
ADV Item 11This firm answered no to every Item 11 disclosure question in this filing.
Filed changes
| Date | Field | From | To | Change |
|---|---|---|---|---|
| Apr 1, 2026 | Employees | 78 | 84 | increased by6 |
| Apr 1, 2026 | Clients | 16 | 13 | decreased by3 |
| Apr 1, 2026 | AUM | $29,222,231,733 | $30,495,148,307 | increased by$1,272,916,574 |
| Apr 1, 2026 | Accounts | 16 | 13 | decreased by3 |
| May 1, 2025 vs Oct 1, 2022 | Employees | 76 | 78 | increased by2 |
| May 1, 2025 vs Oct 1, 2022 | Clients | 15 | 16 | increased by1 |
| May 1, 2025 vs Oct 1, 2022 | AUM | $29,283,514,956 | $29,222,231,733 | decreased by$61,283,223 |
| May 1, 2025 vs Oct 1, 2022 | Accounts | 15 | 16 | increased by1 |
| Apr 1, 2022 | Employees | 75 | 76 | increased by1 |
| Apr 1, 2022 | AUM | $28,279,213,943 | $29,283,514,956 | increased by$1,004,301,013 |
| Apr 1, 2021 | Registration | — | APPROVED |
On Form 5500, an adviser usually appears as a plan service provider (Schedule C), not the plan sponsor.
See plans that list “40 86” as a service provider on 5500mcp →Matched by name only — Form ADV and Form 5500 share no identifier, and names are searched loosely (“40 86” may also match similarly-named firms). Confirm identity against each filing.
Every value above is reproduced from this firm's Form ADV filing. Fields the firm left blank are shown as “Not reported” rather than filled in from other sources.