DFX Intelligence
RIA Intelligence
Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.
SEC-registered adviser
Feg
Legal name Fund Evaluation Group, LLC
Latest filing Mar 31, 2026
First filing on the tape Jan 9, 2012 · 35 filings
SEC status approved since Jun 30, 2002
RAUM
$24B
reported, Item 5.F
Discretionary
67%
of RAUM
Private clients
0.7%
$171M individuals and HNW
Advisors
2
registered through the firm on IAPD
RAUM per advisor
$12B
derived; firm RAUM over IAPD count
Employees
136
74 advisory (5.B.1)
Offices
2
beyond the principal office
Private funds
0
reported on Schedule D
History
35 filings and snapshots on the tape
RAUM$24B as of Mar 31, 2026
Mar 30, 2012$1.8B then
HNW client RAUM$163M as of Mar 31, 2026
Mar 28, 2018$801M then
State-registered IARs (5.B.3)1 as of Mar 31, 2026
Mar 28, 201315 then
Employees (5.A)136 as of Mar 31, 2026
Mar 28, 201385 then
Private funds: no history
RAUM +16% over the last fiscal year+13% a year over threeIARs 1 to 1
Practice profile
derived from the filing of Mar 31, 2026; every figure names its basis
Archetypes, each a printed rule
- Institutional asset manager · institutional share (pensions, government, insurance, corporations, charities, banks, other advisers) at least 60 percent and private-client share under 20 percent
- OCIO / institutional advisory · selection of other advisers (5.G.7) and institutional share at least 50 percent
- RAUM per advisor
- $12BderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 23derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $10.8MderivedHNW RAUM over HNW clients
- Average account
- $109MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 67%derivedof RAUM
- Institutional
- 99%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 68.0derivedItem 5.A over advisors
- Advisors per office
- 0.7derived3 offices incl. principal (1.F.5)
- RAUM growth, one year
- +16%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +32%derived
- Compensation
- percentage of assets, fixed fees, performance-basedreportedItem 5.E
- Advisory activities
- portfolio management for individuals, portfolio management for businesses and institutions, pension consulting, selection of other advisers, otherreportedItem 5.G
- Ownership
- no PE, bank or public-company owner found on Schedule Aderived
- Advisor book size
- not public; not estimatedreported
Also answered yes on Form ADV
- buys or sells securities as principal to or from clients (8.A.2)
- has discretionary authority over which securities are bought or sold (8.C.1)
- has custody of client securities (9.A.1.b)
- a related person has custody of client cash (9.B.1.a)
- a related person has custody of client securities (9.B.1.b)
- marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Charitable organizations$19B81%
- Sovereign wealth funds$4.1B17%
- High-net-worth individuals$163M0.7%
- State and municipal entities$154M0.6%
- Pension and profit-sharing plans$65.7M0.3%
- Corporations and businesses$35.5M0.1%
- Individuals$8.3M0.0%
- Individual clients
- 30reported
- HNW clients
- 15reported
- Pension plan clients
- n/areported
- Charitable clients
- 164reported
- Accounts
- 218reported
- Financial planning clients
- reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUM, fixed, performancereported
- Class basis
- private_client_share=0.01 fund_share=0.0 institutional_share=0.99 related_bd=false related_bank=true bd_reps=0.0derived
Advisors registered through the firm
2 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Peter Raymond Salvator | Cincinnati, Oh | Jul 23, 2014 | 20 y | 2 |
| Alan L BerginChartered Financial Analyst | Dallas, Tx | Feb 10, 2017 | 22 y | 1 |
Advisor movement
0 left, 0 joined in 12 months
net 0 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 0.0% of current headcount0 left over 36 months
Left, latest
- Christopher Martin Meyer to Truepoint, Inc.Apr 4, 2017 · Other
- Keith Homer Lum to Keybanc Capital Markets Inc.Aug 4, 2004 · Other
- Richard James Perry to Fort Washington Investment Advisors IncAug 12, 2003 · Other
Joined, latest
- Alan L Bergin from Larry Thompson & Associates, Inc.Feb 10, 2017 · Other
- Peter Raymond Salvator from Nationwide Investment Advisors, LLCJul 23, 2014 · Other
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- Michael Nolan Bean · Director, Chief Investment Officer & Head Of Portfolio Managementcontrolsince 10/2011 · owns less than 5%
- Elizabeth Susan Fasig · Director & Head Of Private Capitalcontrolsince 09/2005 · owns less than 5%
- George William Goslee · Director, Presidentcontrolsince 01/2024 · owns less than 5%
- James Donald Herrema · Independent Directorcontrolsince 09/2017 · owns less than 5%
- Henry Stephen Hopkins · Independent Directorcontrolsince 09/2017 · owns less than 5%
- Daniel Robert Jennings · Chief Operating Officercontrolsince 01/2018 · owns less than 5%
- Kurt Krebs · Chief Financial Officer & Treasurercontrolsince 10/2022 · owns less than 5%
- Francis John Labmeier · General Counsel & Secretarycontrolsince 01/2012 · owns less than 5%
- Alan James Lenahan · Director, Chief Executive Officercontrolsince 01/2024 · owns less than 5%
- Richard Gary Price · Director & Managing Director Of Institutional Servicescontrolsince 09/2005 · owns less than 5%
- Curtis Michael Stonecipher · Directorcontrolsince 09/2005 · owns less than 5%
- Trondle Julie Thomas · Chief Compliance Officercontrolsince 11/2015 · owns less than 5%
- Sue Rebecca Wood · Non-Executive Chaircontrolsince 01/2024 · owns less than 5%
- B. Gianna Tremoulis · Assistant Secretarysince 11/2020 · owns less than 5%
Entity owners
- Fund Evaluation Group 2017, Inc. · Holding Company For Fund Evaluation Group, LLC.direct · owns 75% or more
- Argent Trust Company · Argent Is The Trustee Of Fund Evaluation Group Employee Stock Ownership Trustindirect · owns F of Fund Evaluation Group Employee Stock Ownership Trust
- Fund Evaluation Group Employee Stock Ownership Trust · This Trust Owns 100% Of Fund Evaluation Group 2017, Inc.indirect · owns 75% or more of Fund Evaluation Group 2017, Inc.
Related persons
Schedule D 7.A
- Curio Select Gp, LLCbankpooled vehicle sponsory
- Feg Curio Investment Partners, LLCinvestment adviserbankyRAUM $195M
- Feg Investment Services, LLCinvestment adviserbankpooled vehicle sponsoryRAUM $2.2B
- Feg Pof II, LLCpooled vehicle sponsory
- Feg Pof, LLCpooled vehicle sponsory
- Feg Private Investors, LLCinvestment adviserbankyRAUM $1.5B
Advisers that list Feg as a related person
Offices
Schedule D 1.F, the 25 largest
- Dallas, TX6 employees
- Indianapolis, IN4 employees
What changed
consecutive filings, newest first
- Accounts · 188 to 218Aug 13, 2025 to Mar 31, 2026
- Advisory employees · 73 to 74Aug 13, 2025 to Mar 31, 2026
- Charity clients · 144 to 164Aug 13, 2025 to Mar 31, 2026
- Corporate clients · 2.0 to unsetAug 13, 2025 to Mar 31, 2026
- HNW clients · 17 to 15Aug 13, 2025 to Mar 31, 2026
- Individual clients · 17 to 30Aug 13, 2025 to Mar 31, 2026
- Pension plan clients · 1.0 to unsetAug 13, 2025 to Mar 31, 2026
- Assets in custody · $10B to $12BAug 13, 2025 to Mar 31, 2026
- Employees · 130 to 136Aug 13, 2025 to Mar 31, 2026
- Discretionary RAUM · $14B to $16BAug 13, 2025 to Mar 31, 2026
- HNW RAUM · $344M to $163MAug 13, 2025 to Mar 31, 2026
- Individual RAUM · $5.0M to $8.3MAug 13, 2025 to Mar 31, 2026
- Non-discretionary RAUM · $6.9B to $7.9BAug 13, 2025 to Mar 31, 2026
- Pension RAUM · $28.3M to $65.7MAug 13, 2025 to Mar 31, 2026
- RAUM · $21B to $24BAug 13, 2025 to Mar 31, 2026
- Charity clients · 103 to 144Mar 28, 2025 to Jun 24, 2025
- Corporate clients · 43 to 2Mar 28, 2025 to Jun 24, 2025
- Financial planning clients · unset to Mar 28, 2025 to Jun 24, 2025
- Accounts · 185 to 188Mar 28, 2024 to Mar 28, 2025
- Advisory employees · 69 to 73Mar 28, 2024 to Mar 28, 2025
- Charity clients · 99 to 103Mar 28, 2024 to Mar 28, 2025
- HNW clients · 16 to 17Mar 28, 2024 to Mar 28, 2025
- Individual clients · 20 to 17Mar 28, 2024 to Mar 28, 2025
- Pension plan clients · 0 to 1Mar 28, 2024 to Mar 28, 2025
- Assets in custody · $8.5B to $10BMar 28, 2024 to Mar 28, 2025
- Employees · 133 to 130Mar 28, 2024 to Mar 28, 2025
- Discretionary RAUM · $11B to $14BMar 28, 2024 to Mar 28, 2025
- HNW RAUM · $324M to $344MMar 28, 2024 to Mar 28, 2025
- Individual RAUM · $4.5M to $5.0MMar 28, 2024 to Mar 28, 2025
- Non-discretionary RAUM · $9.1B to $6.9BMar 28, 2024 to Mar 28, 2025
- Pension RAUM · $0 to $28.3MMar 28, 2024 to Mar 28, 2025
- RAUM · $20B to $21BMar 28, 2024 to Mar 28, 2025
- Accounts · 174 to 185Mar 29, 2023 to Mar 28, 2024
- Advisory employees · 75 to 69Mar 29, 2023 to Mar 28, 2024
- Charity clients · 91 to 99Mar 29, 2023 to Mar 28, 2024
- Corporate clients · 42 to 43Mar 29, 2023 to Mar 28, 2024
- HNW clients · 14 to 16Mar 29, 2023 to Mar 28, 2024
- Assets in custody · $9.3B to $8.5BMar 29, 2023 to Mar 28, 2024
- Employees · 130 to 133Mar 29, 2023 to Mar 28, 2024
- Discretionary RAUM · $9.1B to $11BMar 29, 2023 to Mar 28, 2024
Signals
7 dated events
- George William Goslee (Director, President) appeared on Schedule A of FegMar 28, 2024 · Control person joined · fact
- Alan James Lenahan (Director, Chief Executive Officer) appeared on Schedule A of FegMar 28, 2024 · Control person joined · fact
- Thayer Mary Bascom (Acting Chief Financial Officer) no longer on Schedule A of Feg (listed 2022-03-30, absent 2023-03-29)Mar 29, 2023 · Control person left · inference
- Kurt Krebs (Chief Financial Officer & Treasurer) appeared on Schedule A of FegMar 29, 2023 · Control person joined · fact
- Feg reported RAUM $15.0B, up 27% from $11.8B (2019-03-28 to 2020-03-26)Mar 26, 2020 · RAUM change · derived
- Brian Scott Harsh (Managing Member/President/Ceo & Director) no longer on Schedule A of Feg (listed 2018-06-26, absent 2019-01-15)Jan 15, 2019 · Control person left · inference
- Sue Rebecca Wood (President/ Ceo & Director) appeared on Schedule A of FegJan 15, 2019 · Control person joined · fact
Across DFX
shared identifiers only, never a name match
No identifier-backed link to the venture, private equity, family office or sponsor graphs.
How to reach
public business contact points only, each with its source
- Firm profile
- LINKEDIN.COM/COMPANY/FUND-EVALUATION-GROUPreportedpublic record, Form ADV, Sep 18, 2026
- Website
- FEG.COMreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 513-977-4400reportedpublic record, Form ADV, Mar 31, 2026
Provenance
- Form ADV
- SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
- Advisors
- IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
- Class
- Institutional managerderiveda rule over Items 5.D and 7.A
- RAUM per advisor
- $12Bderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026