The price of ability does not depend on merit but on supply and demand. – George Bernard Shaw
For our summer 2023 OCIO directory we wrote: Despite the Nasdaq losing a third of its value, 33%, the Russell 3000 down by 20.48%, the S&P 500 off 20%, and the Dow shedding 9%, total outsourced assets on our list dipped a tenable 9.5%, or $356 billion to $3.4 trillion.
How quickly time flies. Today, with global markets hitting record highs, our latest directory flush with providers, and related AUM over five trillion dollars, discretionary outsourcers of every persuasion are charging ahead chasing assets and fees.
But we can’t help but wonder, are there really that many fully-integrated, conflict-free, financially-grounded, independent investment offices – to paraphrase Hirtle Callaghan’s raison d’etre – fit and able to serve the needs of families, foundations, and related nonprofits?
Supply and demand
There’s torrential demand as waves of new money seek professional advice. And a supply gusher as stalwarts and wannabes rewire their practices for OCIO prospects.
Every week it seems someone we’ve never heard of with three, four hundred million comes calling. Their wealth has surged, they’ve funded a foundation – or sit on the board – and it’s all getting out of hand. Everyone’s after a piece of their pie, they’ve browsed through our directory, and they’re looking for a firm they can trust.
“The US commands an extraordinary 34% of global liquid private wealth and houses 37% of the world’s millionaire population according to the latest Henley & Partners wealth report. And this wealth dominance extends across all brackets, with 36% of the world’s centi-millionaires (those with USD +100 million) and 33% of its billionaires residing in the US.”
Eying the celestial end of the wealth spectrum, the Wall Street Journal reports: “The net worth held by the top 0.1% of households in the U.S. reached $23.3 trillion in the second quarter this year, from $10.7 trillion a decade earlier, according to the Federal Reserve Bank of St. Louis. The amount held by the bottom 50% increased to $4.2 trillion from $900 billion over that period.”
The big squeeze
Pricing plans are crumbling as cost increases and fee compression undercut margins. Revenue on managed assets topped $58 billion in 2024 announced Boston Consulting Group, but almost three-fourths of the gain (70%) came from market performance and a move to lower-priced products.
Meanwhile, it takes a small fortune to field a full-service institutional grade practice as compensation, sourcing, due diligence, cyber-security, audits, and compliance expenses continue to climb.
“Shifts in product offerings and approaches to distribution, industry-wide consolidation, and the need for radically leaner cost structures” are behind the squeeze. To fatten margins, BCG suggests offering actively managed assets such as active ETFs, model portfolios, and separately managed accounts, and offering private assets to retail clients.
But therein lies a dilemma. To truly serve clients, aren’t discretionary outsourcers obliged to avoid the conflicts and temptations endemic in money management? Alicia McElhaney, Institutional Investor, describes the quandary:
“A pioneer in the outsourced chief investment officer business says it’s necessary to be both a pure-play provider — with no products to sell — and have scale. A large asset manager believes disclosing and managing potential conflicts is enough. A search consultant says no OCIO is truly free of competing interests.”
OCIOs everywhere
What exactly is an outsourced chief investment officer? To date there’s no industry standard or designated authority to police the usurpers.
We publish our directory to help families and institutions locate, review, and connect with full-service discretionary outsource investment managers. If a firm says they provide OCIO services, and their website suggests they do, we usually, though not always, add them. But there sure are a lot of them.
[For this issue we removed five firms and added one, Third Lake Partners.]
Institutional grade OCIOs are sophisticated operations. The crème de la crème have years of experience – time to fully hone systems, service, succession, and investment capabilities. Hirtle Callaghan and Blackrock opened for business in 1988, McMorgan & Company set up shop in 1969, Brown Brothers Harriman and JPMorgan Chase date back over two centuries.
Adding to the muddle, each OCIO has its own culture, client mix, investment style, and biases. Some firms focus on indexing and liquid markets, others on alternatives, still others on ESG. Some customize portfolios for clients, others don’t.
Final thoughts
The outsourced full-discretion investment business is hyper-competitive, hard to differentiate, and expensive to scale, with hundreds of players including RIAs, banks, brokers, and asset managers all competing for nonprofit and UHNW discretionary mandates. It’s hard to cut through the clutter.
To quote one industry veteran: “As more and more thoughtful investors recognize the power and promise of OCIO, it’s time to review its three primary requirements.
- A Conflict-Free Structure: OCIO requires a structure that is conflict-free and truly open architecture with no products or hidden corporate agendas to confound decision making.
- Purchasing Power: OCIO requires sufficient purchasing power to pay for talent and support to fully exploit global complexity, noise, and opportunity.
- An Investment Management Culture: OCIOs require a point-accountable, investment management culture.”
Our advice? When looking for an OCIO, it pays to be thorough. Once a family or foundation (or pension fund, healthcare system, insurance company, etc.) commits to a partner, an OCIO relationship is not easily undone.
Charles Skorina
————————————————–
Outsourced Chief Investment Officer
(OCIO) Directory, Fall 2025
————————————-
- Acansa Investment Management Group, Tyson’s Corner, VA
$903mm total
Mary L. Cahill, CEO & CIO
(703) 639-1888
————————————————————
- Alan Biller and Associates, Menlo Park, CA
$69bn discretionary assets
$184bn total
Alan D. Biller, Chairman
Jennifer Newell, CEO
(650) 328-7283
————————————————————
- Alesco Advisors, Pittsford, NY
$4.99bn discretionary assets
$5.93bn total
Todd D. Green, Principal, Business Development & Client Service
(585) 586-0970 office
(585) 749-0357 cell
————————————————————
- Angeles Investment Advisors, Santa Monica, CA
$7.15bn discretionary assets
$42.77bn total
David Brief, Senior Managing Director
(310) 857-5834
————————————————————
- AON, Chicago, IL
$195.6bn global discretionary assets
$4.303 trillion global advisory
Beth Halberstadt, Senior Partner, US Investments Solutions Leader
(508) 612-6222
————————————————————
- Asset Consulting Group, St. Louis, MO
$1.0bn discretionary assets
$200bn total
George A. Tarlas, Senior Managing Director
(314) 862-4848
————————————————————
- Atlas Capital Advisors, San Francisco, CA
$1.2bn discretionary assets
$1.3bn total
Ken Frier, Chief Investment Officer
John Baker, Managing Director
(415) 254-3261
————————————————————
- Bank of America, New York, NY
$110.1bn institutional discretionary assets
$2.0 trillion total managed assets
Bernard Reidy, Managing Director, National
Endowment and Foundations Executive
(203) 571-5341
————————————————————
- BBR Partners, New York, NY
$30.7bn discretionary assets
$33.2bn total
Todd Whitenack, Co-Managing Partner
(212) 313-9875
————————————————————
- Beacon Pointe Advisors, Newport Beach, CA
$1.4bn discretionary assets
$50bn total
Michael J. Skillman, Managing Director
(949) 259-0956
————————————————————
- BlackRock, New York, NY
$372bn global discretionary assets
$12.53 trillion total
John Simpson, Managing Director, Head of OCIO for Americas
within Multi-Asset Strategies & Solutions (MASS)
(212) 810-3683
————————————————————
- Blue Edge Capital, Richmond, VA
$780mm discretionary assets
$850mm total
Peter H. Bowles, Managing Director
(804) 673-7404
————————————————————
- BNY Advisors, Inc., Pennington, NJ
$7.1bn discretionary assets
$172.6bn total
Girish Massand, Institutional Solutions Strategist
(212) 635-6438
————————————————————
- Bridges Trust, Omaha, NE
$10.6bn discretionary assets
Nick Wilwerding, CEO
Jack Holmes, CIO
(402) 393-8300
————————————————————
- Brockenbrough, Richmond, VA
$1.9bn discretionary OCIO assets
$4.6bn total
Wesley Carroccio, Managing Director, Strategic Initiatives
wcarroccio@brockenbroughinc.com
(610) 659-9168
————————————————————
- Brown Advisory, Baltimore, MD
$7bn discretionary OCIO assets
$18bn total discretionary assets
$180 total firm assets
Brigid Peterson, Head Endowment & Foundations
(410) 537-5379
————————————————————
- Brown Brothers Harriman, New York, NY
$61.6bn discretionary assets
Tom Davis, Partner
(212) 493-8699
————————————————————
- Callan, San Francisco, CA
$49bn discretionary assets
$4.5 trillion advisory
James A. Callahan, President
Mark Andersen, Head of Trust Advisory Group
(415) 974-5060
————————————————————
19. Cambridge Associates, Boston, MA
$99.5bn discretionary assets
$616bn advisory
Mary Pang, Global Head of Client Solutions
(415) 791-3119
————————————————————
- Canterbury Consulting, Newport Beach, CA
$4.5bn discretionary assets
$58.1bn advisory
Robinson (Bob) Cluck, Chairman
bcluck@canterburyconsulting.com
(949) 718-2229
Poorvi Parekh, Director
pparekh@canterburyconsulting.com
(949) 718-2224
————————————————————
- Capricorn Investment Group, New York, NY
$6.67bn discretionary assets
$1.89bn advisory
$13.2bn total
Kunle Apampa, Head of Client Solutions
(646) 289-3031
————————————————————
- CAPTRUST, Raleigh, NC
$237bn discretionary assets
$845bn advisory
Greg Middleton, Senior Director Marketing
(919) 278-9814
————————————————————
- Cerity Partners OCIO, Denver, CO
$19.9bn discretionary assets
Chris Bittman, Partner
(303) 813-7910
————————————————————
- Citi, New York, NY
$20.4bn multi-asset class discretionary assets
John Anderson, Managing Director, Head of Institutional Investment Strategies
(212) 559-8881
Ryan Robinson, Managing Director, North America Team Lead
(813) 604-7152
————————————————————
- Clearbrook Global Advisors, New York, NY
$2.2bn discretionary assets
$13.2bn advisory assets
Elliott Wislar, CEO
Gregg Sibert, Chief Marketing Officer
(212) 683-6686
————————————————————
- Clearstead Advisors, Cleveland, OH
$9.4bn discretionary assets 12-31-24
Alex Shannon, Managing Director of Business Development
(330) 807-2733
————————————————————
- Commonfund, Norwalk, CT
$17.6bn discretionary OCIO assets
$30.6bn total
Mark Anson, President, CEO & CIO, Commonfund
Tim Yates, President, CEO & Commonfund OCIO
(203) 563-5238
————————————————————
- Cornerstone Advisors AM, Bethlehem, PA
$4.4bn discretionary assets
$8.3bn total
J.P. Cavaliere, Senior Consultant
jcavaliere@cornerstone-companies.com
(610) 694-0900 office
(484) 941-2685 cell
————————————————————
- CornerStone Partners, Charlottesville, VA
$25.5bn discretionary assets
$25.5bn total
Mike Pagliaro, Director
(610) 290-6660
————————————————————
- Cornerstone Portfolio Research, Chester Springs, PA
$1.2bn discretionary assets
$6.1bn total
Thomas Balis, Principal and CIO
thomas@cornerstoneportfolioresearch.com
(484) 631-3684
————————————————————
- Crewcial Partners, New York, NY
$2.0bn discretionary assets
$28.2bn advisory
Charlie Georgalas, Managing Director
(212) 218-4900
————————————————————
- Cynosure Capital Management, Salt Lake City, UT
$3.513bn OCIO assets
$8.3bn total (Cynosure Group)
Mark Siddoway, President
mark.siddoway@cynosuregroup.com
(801) 888-9576
————————————————————
- Disciplina Group, Nashville, TN
$2.9bn discretionary assets
Matthew W. Wright, President & CIO
(615) 490-6002
Brian D. Arsenault, Managing Director
(615) 490-8586 (O)
(203) 434-8228 (C)
————————————————————
- Ehrenkranz Partners, New York, NY
$6.8bn discretionary assets
$20bn advisory
John B. Ehrenkranz, Partner
(212) 801-2301
————————————————————
- FEG Investment Advisors, Cincinnati, OH
$15.7bn discretionary assets
$79.4bn advisory
Alan Lenahan, CEO
Devinne Verst, Head of Client Development
Wes McKeown, Institutional Client Development
(513) 977-4400
————————————————————
- Ferguson Wellman Capital Management, Portland, OR
$9.6bn discretionary assets
Steve Holwerda, Managing Director
Jim Coats, Executive Vice President
Nate Putnam, Vice President
(503) 226-1444
————————————————————
- Fidelity Institutional, Boston, MA
$23.57bn OCIO advisory solutions
Eric Lussen, SVP, Endowments & Foundations
(312) 343-4408 Office
Danielle M.G. Frissell, SVP, Endowments & Foundations
(401) 292-3452 Office
————————————————————
- Fiduciary Trust International, New York, NY
$9.25bn discretionary assets
$40.23bn total
Ronald Sanchez, CIO
Kate Huntington, Head of Advisory Solutions Group
(877) 384-1111
————————————————————
- Fiduciary Wealth Partners, Boston, MA
$1.4bn discretionary assets
$2.5bn total
Preston McSwain, Managing Partner
(617) 602-1901
————————————————————
- Fiducient Advisors, Chicago, IL
$35.9bn discretionary assets
$337.8bn advisory
Mike Chase, Partner & Head of Endowments, Foundations, OCIO
Matt Porter, Partner
Chris Coleman, Partner & Director of Business Development
(800) 260-5445
————————————————————
- F.L. Putnam IMC, Lynnfield, MA
$9.25bn discretionary assets
$13.5bn total
Chris McVey, Director of Business Development
(781) 591-8265
————————————————————
- Franklin Templeton, New York, NY
$22bn discretionary assets
$1.7 trillion total AUM
Rich Nuzum, Head of OCIO
rich.nuzum@franklintempleton.com
(917) 230-8294 cell
————————————————————
- Gallagher Fiduciary Advisors, Washington, D.C.
$12.4bn discretionary assets
$205bn advisory
Michael Johnson, President
Phil Fabrizio, Area Senior Vice President and Area Director
phil_fabrizio@ajg.com
(202) 898-2270
————————————————————
- Gerber Taylor, Memphis, TN
$7.7bn discretionary assets
$8.6bn AUA
Matthew Kinnear, Client Development
(901) 526-9750
————————————————————
- Glenmede, Philadelphia, PA
$10.9bn tax-exempt OCIO assets
$47.3bn total
Adam M. Conish, Director of Endowment & Foundation Management
(215) 419-6676
Jerrol Charles, VP & Business Development Director
(917) 501-0241
————————————————————
- Global Endowment Management, Charlotte, NC
$12bn discretionary assets
Stephanie Lynch, Managing Partner
Matt Bank, Partner
(704) 333-8282
————————————————————
- Global Strategic Investment Solutions, Scottsdale, AZ
$1.7bn discretionary assets
Curt Thompson, Managing Partner
(480) 216-9788
————————————————————
- Goldman Sachs, New York, NY
$410.6bn discretionary assets
$3.21 trillion total
Jared Dickow, Managing Director
(212) 902-8835
————————————————————
- Guardian Partners Inc., Toronto, ON
(Guardian Capital Group Ltd)
$5.86bn US discretionary assets
$120.28bn US total
Anthony Messina, Head of Private Wealth
amessina@guardiancapital.com
(647) 980-6989
————————————————————
- Harpswell Capital Advisors, Yarmouth, ME
$590mm discretionary assets (Serving small endowments, $3-$60mm)
Jack Moore, Managing Partner & CIO
Vanessa M. Bryant, COO
(877) 427-7227
————————————————————
- HighGround Advisors, Dallas, TX
$1.7bn discretionary assets
$3.1bn advisory
Jordan Lovelady, AVP for Client Investment Solutions
jordan.lovelady@highgroundadvisors.org
(214) 978-3314
————————————————————
- Highland Associates, Birmingham, AL
$6.84bn discretionary assets
$13.24bn advisory
$20.08bn total
Paige Daniel, President
Courtney Crane, Marketing & Sales Development Partner
(205) 933-8664
————————————————————
- Hi-Line Capital Management, Watertown, SD
$775mm discretionary assets
Michael Anderson, President & CIO
michael.anderson@hi-linecapital.com
(605) 878-0897
————————————————————
- Hirtle Callaghan, W. Conshohocken, PA
$24bn discretionary assets
Garrett Wilson, Managing Director (Institutions)
Susan McEvoy, Managing Director (Families)
(610) 943-4100
————————————————————
- Holt CIO, Fort Worth, TX
$430mm total
Robert M. Holt, Jr., Managing Partner
(817) 877-1430
————————————————————
- ICG Advisors, Los Angeles, CA
$7.8bn total
- Jeffrey Assaf, Sr., Managing Director & CIO
(424) 270-8900
————————————————————
- Inatai Investment Management, Seattle, WA
$2.4bn discretionary assets
Peng Wang, CIO
(206) 962-2754
————————————————————
- Investure, Charlottesville, VA
$17bn discretionary assets
$20bn total
Bruce Miller, CEO
Puja Seam, COO
(434) 220-0280
————————————————————
- J.P. Morgan Asset & Wealth Management, New York, NY
$218.3bn discretionary OCIO assets
$4.3 trillion total
Christopher Fletcher, Global Head, Institutional Investment Solutions
christopher.d.fletcher@jpmorgan.com
(212) 464-1362
————————————————————
- Lazard Family Office Partners, New York, NY
$8.7bn total
Casey D. Whalen, Head and Chief Investment Officer
Chris Tiano, Head of business development
(212) 287-2970
————————————————————
- LCG Associates, Atlanta, GA
$2.55bn discretionary assets
$101.24bn advisory
Christopher Philips, SVP, OCIO Practice Leader
(770) 644-0100
————————————————————
- Makena, Menlo Park, CA
$22bn discretionary assets
Joseph Magher, Managing Director
(650) 926-1339
————————————————————
- Marquette Associates, Chicago, IL
$28bn discretionary assets
$396bn advisory
Brian Wrubel, CEO
bwrubel@marquetteassociates.com
Nat Kellogg, President
nkellogg@marquetteassociates.com
(312) 527-5500
————————————————————
- McMorgan & Company, San Francisco, CA
$7.7bn regulatory AUM
$10.9bn total
Don Palmer, Partner, Senior Managing Director
(312) 720-0718
Michael Sweeney, Vice President
(312) 758-3470
————————————————————
- Meketa Investment Group, San Diego, CA
$28.6bn discretionary assets
$2.5 trillion advisory
Lisa Rubin, Director of Marketing
(760) 795-3450
————————————————————
- Mercer, New York, NY
$669.9bn global discretionary assets
$16.2 trillion advisory
Sylvia Diez, Partner, Wealth, US Investment Sales Leader
(412) 515-7738
————————————————————
- Mill Creek Capital Advisors, Conshohocken, PA
$9.1bn discretionary assets
$10.6bn total
Josh Gross, CEO
(610) 941-7714
————————————————————
- Miller Investment Management, West Conshohocken, PA
$1.835bn discretionary assets 12-31-24
$3.9bn non-discretion
Timothy P. Letter, Managing Director, business development
(610) 834-9820 x136
————————————————————
- Morgan Creek Capital Management, Chapel Hill, NC
$2.5bn discretionary assets
Mark Yusko, CEO & CIO
Michael Hennessy, Managing Director
(919) 933-4004
————————————————————
- Morgan Stanley, New York, NY
$279bn discretionary OCIO assets
General OCIO Inquiries
(212) 296-7735
Sona Menon, Managing Director, Head of OCIO
(212) 762-0264
Lisa Shalett, Managing Director, CIO & Chair, Global Investment Committee
lisa.shalett@morganstanley.com
(212) 296-0335
————————————————————
- Multilateral Endowment Management Co.,
“MEMCO,” Edmond, OK
$1.6bn discretionary assets
$3.1bn total
Ryan Harms, CIO
(405) 334-6588
Ashley Roche, COO & General Counsel
405-714-7827
————————————————————
- NEPC, Boston, MA
$152.8bn discretionary assets
$1.86 trillion total
Steve Charlton, Head of Client Solutions
(617) 374-1300
Rick Ciccione, Partner
(312) 585-9689
————————————————————
- Newport Capital Group, Red Bank, NJ
$3.0bn discretionary assets
$19.3bn total
Domenic DiPiero, President
ddipiero@newportcapitalgroup.com
(732) 741-8400
————————————————————
- Northern Trust, Chicago, IL
$92.2bn discretionary OCIO assets
$34.8bn AUA OCIO advisory
$1.3 trillion total NTAM
Lyndsay Ferencak, Director Senior OCIO Specialist
(312) 444-3297
————————————————————
- Partners Capital Investment Group, Boston & London
$68.3bn total
Leslie (Ahlstrand) Fitzgerald, Partner
leslie.fitzgerald@partners-cap.com
(617) 778-7046
Cathleen Proctor, Principal, Business Development
cathleen.proctor@partners-cap.com
(617) 292-1936
————————————————————
- Pathstone, Englewood, NJ
$57.4bn discretionary assets
$100.9bn total
Krista Smith, Associate Director
(415) 277-2624
————————————————————
- PermCap Investment Office, Charleston, SC
$2.9bn discretionary assets
$4.9bn total
John Regan, Founding Partner & CIO
(843) 882-7955
Connor Carew, Partner
(212) 993-7449
————————————————————
- Pivotal Advisors, New York, NY
$980mm discretionary assets
Tiffany McGhee, CEO & CIO
tiffany@pivotal-advisors.com
(646) 535-1097
————————————————————
- PNC Institutional Asset Management, Washington, DC
$44.98bn OCIO discretionary assets
$82.56bn institutional discretionary assets
Stacey Herndon, Director of Investments and OCIO Solutions
(212) 835-6757
————————————————————
- Point Olema Capital Partners, San Francisco, CA
$735mm discretionary assets
$2.63bn total
Nancy Turner, President
(415) 851-0411
Eric Upin, Co-Founder & Co-CIO
John O’Connor, Co-Founder & Co-CIO
————————————————————
- Prime Buchholz & Associates, Portsmouth, NH
$5.5bn discretionary assets
$73.2bn advisory
William F. McCarron, President
(603) 433-1143
————————————————————
- Principal Asset Management, Des Moines, IA
$22.3bn discretionary OCIO assets
$555.82bn total
Owais Rana, Managing Director, Investment Solutions
(212) 603-3611
————————————————————
- Prodigy Asset Management, Omaha, NE
$2.2bn discretionary assets
Arnie Ovalles, Partner
arnaldo.ovalles@prodigyllc.com
(402) 502-3231
————————————————————
- Regions Asset Management, Birmingham, AL
$70bn discretionary assets
- Alan McKnight, Jr., CIO
(917) 822-3412
————————————————————
- RiskBridge Advisors, Norwalk, CT
$1.1bn discretionary assets
$137bn advisory
William Kennedy, CEO and CIO
bkennedy@riskbridgeadvisors.com
(203) 658-6055
————————————————————
- RockCreek, Washington, D.C.
$13bn discretionary OCIO assets 12-31-24
$17.4bn total
Afsaneh Beschloss, President and CEO
clientservices@therockcreekgroup.com
(202) 331-3400
————————————————————
- Russell Investments, Seattle, WA
$354.8bn discretionary assets
Lindy Freeman, Managing Director, Global Head of Institutional
lfreeman@russellinvestments.com
(212) 702-7955
Bikram Chadha, Head of Middle Market Institutional Sales &
Consultant Relations
bchadha@russellinvestments.com
(212) 702-7888
————————————————————
- SEI Institutional Group, Oaks, PA
$210.85bn discretionary assets
Michael Cagnina, SVP, Managing Director
(610) 676-1496
————————————————————
- Sellwood Investment Partners, Portland, OR
$2.1bn discretionary assets
$10.4bn total
Ashlee Moehring, Principal
(503) 596-2880
————————————————————
- Seven Bridges Advisors, New York, NY
$5.5bn total
Ram Lee, Partner & CIO
ramlee@sevenbridgesadvisors.com
(212) 490-6320
————————————————————
- Silvercrest Asset Management, New York, NY
$23.7bn discretionary assets
$36.7bn total
Chris Long, Managing Director Consultant and Client Relations
(212) 649-0697
————————————————————
- Spider Management Company, Richmond, VA
$6.4bn discretionary assets
William H. McLean, President
Rebecca Fender, Managing Director of Investor Relations
(804) 200-6902
————————————————————
- State Street Investment Management, Boston, MA
$216.88bn discretionary assets
Jack Serhant, Head of Solutions Distribution
(617) 664-4599
Maddy Adams, Business Development
(917) 672-2320
————————————————————
- Strategic Investment Group, Arlington, VA
$31bn discretionary assets
Nikki Kraus, CEO
Valentina Glaviano, MD, Co-Head of Global Client Development
(703) 236-1790
Patrick A. Torrey, MD, Co-Head of Global Client Development
(703) 236-1757
————————————————————
- Summit Rock Advisors, New York, NY
$25bn discretionary assets (avg. client $510MM)
David Dechman, CEO & co-Founder
(212) 993-7160
————————————————————
- Syntrinsic, an IMA Company, Denver, CO
$2.44bn discretionary assets
$2.88bn total
Jim Brauer, Managing Director, Investor Relations and Consulting
(303) 518-6370
————————————————————
- The Family Office at Synovus, Columbus, GA
$9.5bn discretionary assets
$12.0bn AUA
Mike Sluder, CIO
Walt Deriso, Chief Executive Officer
(706) 644-2063
————————————————————
- The Haverford Trust Company, Radnor, PA
$2.8bn discretionary assets
$15.4bn Total
Timothy Hoyle, CIO
Maxine Cuffe, Director of Global Strategies
(610) 995-8700
————————————————————
- Third Lake Partners, Tampa, FL
$6.0bn discretionary assets
Case Fell, CIO
Mercer Borden, Senior Managing Director OCIO team
(813) 497-3300
————————————————————
- TIFF Investment Management, Radnor, PA
$9bn discretionary assets
Kane Brenan, CEO
Jay Willoughby, CIO
Jessica Portis, Chief Client Officer
(610) 995-8200
————————————————————
- Torreyana Capital, La Jolla, CA
$1bn discretionary assets
Kris Ostrander, CEO
kostrander@torreyanacapital.com
(510) 410-1230
————————————————————
- Truist Foundations & Endowments Specialty Practice, Atlanta, GA
$20.1bn discretionary assets
Stephen Yarbrough, Head of Institutional Investment Management
(404) 788-4401
————————————————————
- U.S. Bancorp Asset Management, Inc., Philadelphia, PA
$30.5bn discretionary assets
$404.9bn total discretionary assets
Jim Link, Head of Institutional OCIO and Liquidity Services
Michael Murray, Managing Director
(224) 633-8309
————————————————————
- Verger Capital Management, Winston-Salem, NC
$3.0bn discretionary assets
Michael Collins, Managing Director
mcollins@vergercapital.com
(336) 934-4101
————————————————————
- Verus Advisory, Seattle, WA
$9.61bn discretionary assets
$1.17trillion advisory
Jeffrey MacLean, CEO
(206) 622-3700
————————————————————
- Wespath Institutional, Glenview, IL
$5.8bn discretionary assets
- Joseph Halwax, Managing Director Institutional Services
(847) 866-4307
————————————————————
- Willis Towers Watson, Chicago, IL
$167bn discretionary assets
Nimisha Srivastava, Head of Investments, North America
(704) 806-1652
Mark Calnan, Head of Investments, Europe
44 (0) 207 170 2819
————————————————————
- Wilmington Trust, Wilmington, DE
$83.3bn discretionary assets
Patrick Decker, Head of Institutional OCIO
(610) 773-6120
(610) 977-4079 Direct
(610) 773-6120 Cell
————————————————————
- Wilshire Advisors, Santa Monica, CA
$125bn discretionary OCIO assets
$1.5 trillion advisory
Leah Emkin, Chief Client Officer
(310) 260-6689
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109 Firms – $5.2 trillion OCIO AUM
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Appendix
Companies grouped by OCIO AUM
Over $100bn (14)
$669,900,000,000 – Mercer
$410,600,000,000 – Goldman Sachs
$372,000,000,000 – BlackRock
$354,800,000,000 – Russell Investments
$279,000,000,000 – Morgan Stanley
$237,000,000,000 – CAPTRUST
$218,300,000,000 – JPMorgan Asset & Wealth Mgmt
$216,880,000,000 – State Street Investment Mgmt
$210,850,000,000 – SEI Institutional Group
$195,600,000,000 – AON
$167,000,000,000 – Willis Towers Watson
$152,800,000,000 – NEPC
$125,000,000,000 – Wilshire Advisors
$110,100,000,000 – Bank of America
$3,719,830,000,000 (71.6% of total)
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$50bn – $99.9bn (8)
$99,500,000,000 – Cambridge Associates
$92,200,000,000 – Northern Trust
$83,300,000,000 – Wilmington Trust
$70,000,000,000 – Regions AM
$69,000,000,000 – Alan Biller and Associates
$68,300,000,000 – Partners Capital Inv Group
$61,600,000,000 – Brown Brothers Harriman
$57,400,000,000 – Pathstone
$601,300,000,000 (11.4% of total)
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$20bn – $49.9bn (18)
$49,000,000,000 – Callan
$44,980,000,000 – PNC Institutional AM
$35,900,000,000 – Fiducient Advisors
$31,000,000,000 – Strategic Investment Group
$30,700,000,000 – BBR Partners
$30,500,000,000 – U.S. Bancorp AM
$28,600,000,000 – Meketa Investment Group
$28,000,000,000 – Marquette Associates
$25,500,000,000 – CornerStone Partners
$25,000,000,000 – Summit Rock Advisors
$24,000,000,000 – Hirtle Callaghan
$23,700,000,000 – Silvercrest AM
$23,570,000,000 – Fidelity Institutional
$22,300,000,000 – Principal Asset Management
$22,000,000,000 – Franklin Templeton
$22,000,000,000 – Makena
$20,400,000,000 – Citi
$20,100,000,000 – Truist F & E Specialty Practice
$507,250,000,000 (9.4% of total)
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$10bn – $19.9bn (9)
$19,900,000,000 – Cerity Partners OCIO
$17,600,000,000 – Commonfund
$17,000,000,000 – Investure
$15,700,000,000 – FEG Investment Advisors
$13,000,000,000 – RockCreek
$12,400,000,000 – Gallagher Fiduciary Advisors
$12,000,000,000 – Global Endowment Management
$10,900,000,000 – Glenmede
$10,600,000,000 – Bridges Trust
$129,100,000,000 (2.8% of total)
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$5bn – $9.9bn (24)
$9,610,000,000 – Verus Advisory
$9,600,000,000 – Ferguson Wellman
$9,500,000,000 – The Family Office at Synovus
$9,400,000,000 – Clearstead Advisors
$9,250,000,000 – Fiduciary Trust International
$9,250,000,000 – F.L. Putnam IMC
$9,100,000,000 – Mill Creek Capital Advisors
$9,000,000,000 – TIFF Investment Management
$8,700,000,000 – Lazard Family Office Partners
$7,800,000,000 – ICG Advisors
$7,700,000,000 – Gerber Taylor
$7,700,000,000 – McMorgan & Company
$7,150,000,000 – Angeles Investment Advisors
$7,100,000,000 – BNY Advisors
$7,000,000,000 – Brown Advisory
$6,840,000,000 – Highland Associates
$6,800,000,000 – Ehrenkranz Partners
$6,670,000,000 – Capricorn Investment Group
$6,400,000,000 – Spider Management Company
$6,000,000,000 – Third Lake Partners
$5,860,000,000 – Guardian Partners Inc.
$5,800,000,000 – Wespath Institutional
$5,500,000,000 – Prime Buchholz & Associates
$5,500,000,000 – Seven Bridges Advisors
$183,230,000,000 (3.4% of total)
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$1bn – $4.99bn (29)
$4,990,000,000 – Alesco Advisors
$4,500,000,000 – Canterbury Consulting
$4,400,000,000 – Cornerstone Advisors AM
$3,513,000,000 – Cynosure Capital Management
$3,000,000,000 – Newport Capital Group
$3,000,000,000 – Verger Capital Management
$2,900,000,000 – Disciplina Group
$2,900,000,000 – PermCap Investment Office
$2,800,000,000 – The Haverford Trust Company
$2,550,000,000 – LCG Associates
$2,500,000,000 – Morgan Creek Capital Management
$2,440,000,000 – Syntrinsic
$2,400,000,000 – Inatai Investment Management
$2,200,000,000 – Clearbrook Global Advisors
$2,200,000,000 – Prodigy AM
$2,100,000,000 – Sellwood Investment Partners
$2,000,000,000 – Crewcial Partners
$1,900,000,000 – Brockenbrough
$1,835,000,000 – Miller Investment Management
$1,700,000,000 – Global Strategic Investment Solutions
$1,700,000,000 – HighGround Advisors
$1,600,000,000 – Multilateral Endowment Management Co.
$1,400,000,000 – Beacon Pointe Advisors
$1,400,000,000 – Fiduciary Wealth Partners
$1,200,000,000 – Atlas Capital Advisors
$1,200,000,000 – Cornerstone Portfolio Research
$1,100,000,000 – RiskBridge Advisors
$1,000,000,000 – Torreyana Capital
$1,000,000,000 – Asset Consulting Group
$67,428,000,000 (1.3% of total)
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Under $1bn (7)
$980,000,000 – Pivotal Advisors
$903,000,000 – Acansa Investment Management Group
$780,000,000 – Blue Edge Capital
$775,000,000 – Hi-Line Capital Management
$735,000,000 – Point Olema Capital Partners
$590,000,000 – Harpswell Capital Advisors
$430,000,000 – Holt CIO
$5,193,000,000 (0.1% of total)
