Fund Evaluation Group, LLC (Cincinnati)

Name: Fund Evaluation Group, LLC
Address: 201 East Fifth Street, Cincinnati, OH, 45202
Telephone: 513-977-4400

Fund Evaluation Group, LLC is a large advisory firm based in Cincinnati. It manages $11.82 billion of regulatory assets for 173 client accounts. It has been registered with the SEC as an adviser since 2002 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 49 other states.

Fund Evaluation Group provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, and research services. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Fund Evaluation Group: assets under management

The assets under management (AUM) of Fund Evaluation Group, LLC is $11.82 billion. The firm's AUM has gone down by -61% since the beginning of its operation, and $7.49 million of the total AUM is attributable to clients outside of the United States.

The firm manages $4.32 billion in discretionary accounts and $7.5 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $42.78 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $104.1 million.

Fund Evaluation Group has custody of $3.82 billion in cash and securities for 68 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in non-exchange traded securities the most. They account for 39% of the total AUM. The second-largest asset type is pooled investment vehicles, which make up 39% of the firm’s portfolio. Investments in exchange traded securities form 9% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Fund Evaluation Group, LLC for their services and products based on a percentage of assets under management and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Scott Brian Harsh serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and state or municipal government entities. The largest group of clients of Scott Brian Harsh is charitable organizations with 82 clients and $4.47 billion of assets under management. Among the 5 most similar advisory firms, Fund Evaluation Group has the highest percentage of charitable organizations out of all clients.

The amount of regulatory assets under management is $10.2 billion for 171 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Fund Evaluation Group doesn't advise any private funds.

Careers at Fund Evaluation Group, LLC

The company employs 128 people that are either part- or full-time employees. 55 percent of the employees work as investment advisers or researchers. 2 employees are registered as investment adviser representatives with the state securities authorities.

There are 3 people with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Scott Brian Harsh has been acting as President since 1 Apr 2002. Robert Daniel Jennings joined the executive team most recently as the Chief Operating Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Scott Brian Harsh	Managing principal/president/ceo & director	1 Apr 2002	Other	2154055
Old National Bancorp	Member	1 Apr 2002	75% - 100%	35-1539838
Christopher Lawrence Melton	Chairman, director	1 Apr 2002	Other	1716089
Jeffrey L. Knight	Secretary, director	1 Apr 2002	Other	4535345
John Samuel Poelker	Director	1 Apr 2002	Other	4562227
Constance Madison Feys	Compliance officer	1 Apr 2002	Other	721718
Christopher Anthony Wolking	Treasurer	1 Jun 2002	Other	1572527
Mary Thayer Bascom	Chief financial officer	1 Jan 2004	Other	5119581
Thomas Franklin Clayton	Chairman, director	1 Feb 2004	Other	4781234
Bruce Allen Benjamin	Managing principal & director	1 Sep 2005	Other	2041965
Gary Richard Price	Managing principal	1 Sep 2005	Other	2608840
Michael Curtis Stonecipher	Managing principal & director	1 Sep 2005	Other	2895637
Rebecca Sue Wood	Managing principal	1 Sep 2005	Other	2144145
William Anthony Hummel	Managing principal	1 Sep 2005	Other	1607022
Anthony Louis Festa	Managing principal	1 Sep 2005	Other	4868456
Richard Michel Grzymajlo	Managing principal	1 Sep 2005	Other	4667848
Robert Daniel Jennings	Managing principal & director	1 Sep 2005	Other	2263389
Susan Elizabeth Fasig	Managing principal	1 Sep 2005	Other	5048344
Christopher Martin Meyer	Managing principal	1 Sep 2005	Other	2590110
Cynthia Elaine Henderson	Managing principal	1 Sep 2005	Other	4269978
John David Stein	Managing principal	1 Sep 2005	Other	3136548
Susan Fasig	Managing principal	1 Sep 2005	Other	5048344
Christopher Michael Meyer	Managing principal	1 Sep 2005	Other	4815275
Kenton Keller Pettit	General counsel	1 Jan 2006	Other	1979430
James Alan Lenahan	Managing principal	1 Jan 2009	Other	5494481
Michael James Oyster	Managing principal	1 Jan 2009	Other	4868424
Gregory Michael Dowling	Managing principal & director	1 Jan 2009	Other	4655782
Greg Dowling	Managing principal/ director of hedged strategies	1 Jan 2009	Other	2590110
William George Goslee	Managing principal	1 Sep 2010	Other	2671834
Maureen Kim Kiefer Goldenberg	Vice president and chief compliance officer	1 Jan 2011	Other	4211522
Nolan Michael Bean	Managing principal	1 Oct 2011	Other	4559128
John Francis Labmeier	General counsel	1 Jan 2012	Other	1229012
Julie Trondle Thomas	Chief compliance officer	1 Nov 2015	Other	5835243
Ryan Scott Wheeler	Director of operations	1 Sep 2016	Other	6218885
Inc. Fund Evaluation Group 2017	Holding company for fund evaluation group, llc.	1 Sep 2017	75% - 100%	82-2116824
Stephen Henry Hopkins	Independent director	1 Sep 2017	Other	4730599
Donald James Herrema	Independent director	1 Sep 2017	Other	2306826
Robert Daniel Jennings	Chief operating officer	1 Jan 2018	Other	2263389

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Argent Trust Company	Argent is the trustee of fund evaluation group employee stock ownership trust, which owns 100% of fund evaluation group 2017,inc	1 Sep 2017	75% - 100%	62-1437218

Based in Cincinnati

The principal office where Fund Evaluation Group, LLC performs its advisory services is located at 201 East Fifth Street, Cincinnati, OH 45202, which is also the mailing address of the firm. An additional office of the firm is in Indianapolis, IN. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 513-977-4400 or by fax 513-977-4430. The normal business hours are 8:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at feg.com.