Firm profile

Aetna Asset Advisors, LLC

HARTFORD, CTCRD 161282Registration Status: ApprovedEffective since March 30, 2012SEC # 801-73710Latest ADV March 20, 2026

Aetna Asset Advisors, LLC is an SEC registered investment adviser organized as a limited liability company with a primary office location in Hartford, CT. Its latest Form ADV filing, dated March 20, 2026, reports $850M in regulatory assets under management, 26 employees, 1 office, and 4 accounts.

Assets Under Management
$850M
Employees
26
Offices
1 office
Total Clients
<5

Associated firm names

1 name listed
  • AETNA ASSET ADVISORS, LLC

Leadership

1 roles identified
CCODavid J. Evilla

Advisory services offered

2 types reported
Portfolio management for businesses
Portfolio management for pooled investment vehicles

Fee models offered

2 types reported
Asset based fees
Fixed fees

Offices & Contact

Primary office

HARTFORD, Connecticut, United States

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Primary office regionOther reported regions

Shading shows states and countries with reported offices. Cities are listed below; shading does not indicate service coverage.

Connecticut

HARTFORDPrimary office

1 office records listed · 1 total offices reported. Counts can use different reporting dates. SEC filers may list only their largest 25 additional offices.

Contact and digital presence

ADV profile links
Phone860-273-4631
WebsiteNot found
LinkedInNot found

Regulatory Assets Under Management Breakdown

Total regulatory assets under management$850Mas of March 20, 2026
Discretionary99.2%
$843M
99% of total RAUM99.2%
Non-discretionary0.8%
$7M
1% of total RAUM0.8%
Regulatory assets under management are split between discretionary and non-discretionary assets.

Client Coverage Demographics

Top client segmentPooled Investment Vehicles represent 75.0% of total clients.
Top client categories% of clientsClients
1
Pooled Investment Vehicles
75.0%
3
2
Pension Plans
25.0%
1

Assets under management Growth by Quarter

Quarterly points use the latest ADV filing or SEC roster snapshot available in each quarter.

Total AUM$850M
Total Accounts4
10Y AUM Change$-17.6B (-95.4%)

Private Funds

Private funds reported by Aetna Asset Advisors, LLC

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Employee Growth by Quarter

Quarterly points use the latest ADV filing or SEC roster snapshot available in each quarter.

Total Employees26
Clients per Employee0:1
10Y Employee Change+2 (+8.3%)

Historical AUM and employee figures reflect available SEC Form ADV filings under this CRD. Filing gaps may reflect registration status changes, dormant periods, state registration periods, firm restructuring, or other reporting changes. Rialytix does not interpolate missing periods.


Ownership

Reported direct and indirect ownership ranges

Each range applies to a separate reported relationship and should not be added together.

Reported ownership ranges

Highlighted bands show the percentage range reported in Form ADV.

0%25%50%75%100%
AETNA FINANCIAL HOLDINGS, LLCDirect owner · Schedule AInterest in AETNA ASSET ADVISORS, LLC
75%+
AETNA INC.Indirect owner · Schedule BInterest in AETNA FINANCIAL HOLDINGS, LLC
75%+
CVS HEALTH CORPORATIONIndirect owner · Schedule BInterest in AETNA INC.
75%+
CVS PHARMACY INC.Indirect owner · Schedule BInterest in AETNA INC.
75%+

Bars represent the reported range at that individual ownership step, not an estimated percentage of the advisory firm. Indirect relationships may refer to intermediate entities rather than directly to Aetna Asset Advisors, LLC.

Reported ownership and control details

Form ADV · Filing date 2026-03-20 · Schedules A and B

8 entries
#Owner / person & roleInterest in entityReported interestControl personTitle / status acquiredSource
1AETNA FINANCIAL HOLDINGS, LLCSOLE MEMBERDomestic entityAETNA ASSET ADVISORS, LLC75% or moreCode EYesSOLE MEMBER02/2008Schedule APDF page 22
2STEPHEN DENNIS MCCARTHYVICE PRESIDENTIndividualAETNA ASSET ADVISORS, LLCLess than 5%Code NAYesVICE PRESIDENT02/2019Schedule APDF page 22
3DAVID JOSE EVILLACHIEF COMPLIANCE OFFICERIndividualAETNA ASSET ADVISORS, LLCLess than 5%Code NANoCHIEF COMPLIANCE OFFICER04/2024Schedule APDF page 22
4JOHN FRANCIS KEARNEYTREASURERIndividualAETNA ASSET ADVISORS, LLCLess than 5%Code NAYesTREASURER07/2024Schedule APDF page 22
5ROBERT ANTHONY CLOUGHPRESIDENTIndividualAETNA ASSET ADVISORS, LLCLess than 5%Code NAYesPRESIDENT04/2025Schedule APDF page 22
6AETNA INC.OWNERDomestic entityAETNA FINANCIAL HOLDINGS, LLC75% or moreCode EYesOWNER02/2008Schedule BPDF page 23
7CVS HEALTH CORPORATIONOWNERDomestic entityAETNA INC.75% or moreCode EYesOWNER11/2018Schedule BPDF page 23
8CVS PHARMACY INC.OWNERDomestic entityAETNA INC.75% or moreCode EYesOWNER11/2018Schedule BPDF page 23

Less than 5% may include zero. Code F identifies a role without specifying a percentage. Reported interests may overlap and may not include every owner. Total indirect ownership is not calculated.

Compliance & Disclosures

Filing dated 3/20/2026 11:07:38 AM

Responses were selected by the RIA in its filing. Questions are shortened for readability; “you” refers to the reporting firm, and some questions also cover advisory affiliates.

RIA or supervised-person involvementThe RIA reported that none of the events below involve the firm or its supervised persons.RIA responseNo
AFelonies2 No

In the past ten years, have you or any advisory affiliate:

  • A1Been convicted of or pleaded guilty or no contest to a felony?No
  • A2Been charged with a felony?No
BMisdemeanors2 No

In the past ten years, have you or any advisory affiliate:

  • B1Been convicted of or pleaded guilty or no contest to a misdemeanor involving investments, an investment-related business, fraud, false statements or omissions, wrongful taking of property, bribery, perjury, forgery, counterfeiting, or extortion?No
  • B2Been charged with a misdemeanor of the kind listed above?No
CSEC or CFTC actions5 No

Has the SEC or CFTC ever:

  • C1Found you or an advisory affiliate made a false statement or omission?No
  • C2Found you or an advisory affiliate violated SEC or CFTC regulations or statutes?No
  • C3Found you or an advisory affiliate caused an investment-related business to have its authorization to do business denied, suspended, revoked, or restricted?No
  • C4Entered an order against you or an advisory affiliate in connection with investment-related activity?No
  • C5Imposed a civil money penalty on you or an advisory affiliate, or ordered you or an advisory affiliate to cease and desist from any activity?No
DOther regulatory actions5 No

Has any other federal regulatory agency, state regulatory agency, or foreign financial regulatory authority ever:

  • D1Found you or an advisory affiliate made a false statement or omission, or was dishonest, unfair, or unethical?No
  • D2Found you or an advisory affiliate violated investment-related regulations or statutes?No
  • D3Found you or an advisory affiliate caused an investment-related business to have its authorization to do business denied, suspended, revoked, or restricted?No
  • D4In the past ten years, entered an order against you or an advisory affiliate in connection with investment-related activity?No
  • D5Denied, suspended, or revoked your or an advisory affiliate’s registration or license, or otherwise prevented association with an investment-related business or restricted activities?No
ESelf-regulatory organization actions4 No

Has a self-regulatory organization or commodities exchange ever:

  • E1Found you or an advisory affiliate made a false statement or omission?No
  • E2Found you or an advisory affiliate violated its rules, other than a violation designated as a minor rule violation under an SEC-approved plan?No
  • E3Found you or an advisory affiliate caused an investment-related business to have its authorization to do business denied, suspended, revoked, or restricted?No
  • E4Disciplined you or an advisory affiliate by expulsion, suspension, barring association with other members, or otherwise restricting activities?No
FProfessional authorizations1 No
  • FHas an authorization to act as an attorney, accountant, or federal contractor granted to you or an advisory affiliate ever been revoked or suspended?No
GPending regulatory proceedings1 No
  • GAre you or any advisory affiliate now the subject of a regulatory proceeding that could result in a “Yes” answer to any part of C, D, or E?No
HCivil judicial actions and proceedings4 No

(1) Court actions

Has a domestic or foreign court:

  • H(1)(a)In the past ten years, enjoined you or an advisory affiliate in connection with investment-related activity?No
  • H(1)(b)Found that you or an advisory affiliate violated investment-related statutes or regulations?No
  • H(1)(c)Dismissed, pursuant to a settlement agreement, an investment-related civil action brought against you or an advisory affiliate by a state or foreign financial regulatory authority?No

(2) Pending civil proceedings

  • H(2)Are you or any advisory affiliate now the subject of a civil proceeding that could result in a “Yes” answer to any part of H(1)?No

* Metrics are based on the latest available data, including Form ADV filings, brochures, and relationship summaries pulled from the SEC IAPD, and may be subject to change. Learn what is included in the Rialytix data. Please refer to the firm's official disclosures for the most accurate information using their CRD number. This is not investment advice.