# The Mutual Group

The Mutual Group is an Asset Manager based in Estero, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Estero, United States
- **Region:** North America
- **Address:** 1111 Ashworth Road, West Des Moines, Iowa 50265, United States
- **Assets under management:** Undisclosed
- **Website:** themutualgroup.com
- **LinkedIn:** https://www.linkedin.com/company/the-mutual-group

## Regulatory record

- **CRD number:** 277060
- **SEC file number:** 801-121401
- **Registration status:** Registered
- **Reports private funds:** No
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/277060

## About

The Mutual Group is an SEC-registered investment adviser in ESTERO, FL, registered since 2021. It manages approximately $166 million in regulatory assets. The firm has 3 employees and 2 investment advisers.

## Sectors

- Insurance

## People

- Ken Cadematori — President and CEO, GuideOne Insurance
- Bernie Hengesbaugh — Chair, GuideOne Insurance Board of Directors
- Carol Sanders — Risk Committee Chair, GuideOne Insurance Board of Directors
- Travis Sheets — Senior Vice President and General Counsel, GuideOne Insurance
- Troy Spoonemore — Chief Underwriting and Risk Officer, GuideOne Insurance

## Questions

### What is the relationship between The Mutual Group and GuideOne Insurance?

GuideOne Insurance is the anchor carrier partner. The Mutual Group supplies GuideOne with permanent capital and operational scale, while GuideOne retains its identity, leadership and mutual governance. GuideOne President and CEO Ken Cadematori has publicly described the partnership as a catalyst for improved financial strength, operational efficiency and underwriting performance.

### Which lines of insurance does The Mutual Group support?

The firm operates exclusively in the property and casualty marketplace. It explicitly states that it does not offer personal lines such as life insurance or annuity products and directs inquiries about personal policies to the NAIC Life Insurance Policy Locator.

### How is The Mutual Group different from a traditional insurance holding company or a mutual holding company?

Unlike a traditional holding company, The Mutual Group does not require its partner carriers to demutualize or convert to stock form. It injects capital and provides operations support while the carrier retains its mutual ownership structure and independent board governance, creating a hybrid architecture that separates financial backing from control.

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Last updated: 2026-06-03T20:00:00.000Z

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