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Updated September 28, 2026. Quick answer: Horace Mann Investors discloses a tiered schedule starting at 1.60% in its Form ADV Part 2A (March 31, 2026). Converted to dollars, that runs $8,000 a year on a $500,000 account; see the full table below for $250,000, $1 million and $2 million.
The published numbers
From the Form ADV Part 2A (March 31, 2026): “BNY ADVISORFLEX PORTFOLIOS Aggregate AUM Maximum Annualized Fee First $500,000 1.60% $500,001-$1,000,001 1.40% Over $1,000,001 1.20%”
Note: CRD 11643 is ACTIVE and SEC registered per a live IAPD lookup performed this session (isSECRegistered: Y, iaScope: ACTIVE). HMII reports $0 direct regulatory assets under management because it does not directly manage client assets itself; its brochure separately discloses that HMII clients had $68,613,476 invested in its model portfolio programs as of December 31, 2025. The priced schedule is for the BNY AdvisorFlex Portfolios program, one of several co-advisory model portfolio programs HMII offers through sub-adviser BNY Mellon; the brochure states these BNY program fees are billed on a marginal basis as assets cross each threshold, unlike the firm’s Envestnet-based programs, which are closed to new investors.
- First $500,000: 1.60%
- $500,001 to $1,000,001: 1.40%
- Over $1,000,001: 1.20%
What you would pay
| Account balance | Annual fee (dollars) | Effective rate |
|---|---|---|
| $250,000 | $4,000 | 1.60% |
| $500,000 | $8,000 | 1.60% |
| $1,000,000 | $15,000 | 1.50% |
| $2,000,000 | $27,000 | 1.35% |
BNY AdvisorFlex Portfolios bills on a marginal basis, so each slice of the balance is charged at that slice’s own rate rather than the whole balance moving to a single rate: 1.60% on the first $500,000, 1.40% on the next slice up to $1,000,000, and 1.20% on anything above that. No dollar minimum annual fee is disclosed for this program.
How this compares
Our benchmark of published adviser fee schedules puts the weighted median annual cost near $2,000 to $2,500 on $250,000 (the benchmark). At $500,000, Horace Mann Investors’s own published rate runs $8,000 a year.
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- Form ADV Part 2A (March 31, 2026): https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1035668
- SEC Investment Adviser Public Disclosure, Horace Mann Investors, Inc. (CRD #11643): https://adviserinfo.sec.gov/firm/summary/11643
- Horace Mann Investors, Inc., SEC Form ADV filing: https://reports.adviserinfo.sec.gov/reports/ADV/11643/PDF/11643.pdf
Methodology. This page was built September 28, 2026, drawing on Horace Mann Investors’s own SEC-filed disclosure and, where cited, its published fee schedule, with sources linked above; any figure we could not independently confirm this session is named as an honest gap rather than presented as verified. Nothing here is personalized financial, tax, legal, or investment advice. See our Editorial Policy, Corrections, Affiliate Disclosure, and Disclaimer.
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