FEG is a 100% employee-owned, full-service investment advisory firm—one of the largest independent advisory firms in the U.S. (1)—with more than 30 years’ experience and approximately $83 billion (2) in assets under advisement. FEG has been providing investment advisory services since 1988.
91% of FEG’s OCIO clients are nonprofits. The relationship will go into effect April 1, 2022.
RJF plans to schedule a virtual meet and greet for donors and community members who are interested in learning more about FEG, and meeting the team. Reach out to RJF President and CEO Jesse Feld at (804) 545-8656 or via email at firstname.lastname@example.org with any questions.
(1) Source: Pensions & Investments, 2016.
(2) As of June 30, 2021. Assets under Advisement (AUA) include discretionary and non-discretionary assets of FEG and its affiliated entities. These assets are typically non-discretionary. Some asset values may not be readily available at the most recent quarter-end; therefore, the previous quarter’s values were used, and may be higher or lower depending on current market conditions. Of the $83bn in assets under advisement, FEG’s total assets under management (AUM) of $12.5bn includes discretionary ($10.3bn) and non-discretionary AUM ($2.2bn). The assets do not include approximately $113million in discretionary AUM, with 453 individual clients. Although FEG has an advisory relationship with these clients, they are all maintained via a single third-party relationship with a financial intermediary. Inclusion of these clients would materially change the total number of clients shown above. FEG predominately focuses on servicing institutional clients.
Institutional clients include charitable, community foundations, corporate, healthcare, higher education, independent schools, insurance, Native American Tribes, private foundations, public funds, religious organizations, and Taft Hartley. Nonprofit clients include charitable, community foundations, healthcare (not-for-profit), higher education, independent schools, private foundations, and religious organizations.