Horace Mann Investors, Inc.

Horace Mann Investors, Inc. (HMII) serves educators — including teachers, administrators, school business officials and support personnel — and offers investment management primarily through model portfolios provided by third-party investment advisers such as BNY Mellon and Envestnet, along with marketing/solicitation arrangements with independent RIAs (AssetMark, ARIS, ProNvest). The firm also operates an affiliated broker-dealer and its representatives frequently act as licensed insurance agents, so advisory services are offered alongside the ability to sell brokerage and insurance products.

HMII’s model-driven approach uses a client profile completed with an IAR to recommend appropriate third‑party model portfolios, after which the selected adviser has discretionary authority to implement, rebalance, and monitor accounts; HMII reports $0 regulatory AUM while noting approximately $68.6 million was managed in its model programs as of December 31, 2025. Clients retain the ability to impose investment restrictions, receive quarterly custodian statements, and may select custodians, while HMII and its TPIAs provide ongoing supervisory and reporting services.

Compared with many peers, HMII combines an investment‑adviser platform with long‑standing broker‑dealer registration (since 1957) and affiliation with a publicly traded parent and insurance companies, and it actively solicits and markets other advisers’ services to retirement-plan clients. The firm discloses a regulatory matter tied to account openings during a 2016 Delaware 403(b) transition that was resolved by administrative consent orders, which is included in its disciplinary disclosures.