FEG Investment Advisors Marks Next Phase of Institutional Growth and Evolution

Continued OCIO momentum reflects FEG’s growing institutional platform

CINCINNATI--(BUSINESS WIRE)--FEG Investment Advisors (FEG), an independent, employee-owned investment management firm with more than $100 billion¹ in assets under advisement (AUA), today announced the launch of a refreshed brand and digital experience reflecting continued momentum across its institutional platform.

Rooted in a heritage of serving mission-driven institutions, FEG partners with endowments, foundations, and healthcare organizations to help design investment programs that support the long-term goals of the organizations and communities they serve. In 2025, FEG's AUA crossed the $100B mark, while the firm's outsourced chief investment officer (OCIO) assets under management doubled since December 2020, reflecting broader institutional demand for discretionary investment partnerships and governance support.

The momentum FEG is experiencing aligns with findings from Cerulli Associates², which show that endowments and foundations are increasingly turning to OCIO providers to manage portfolio complexity, with 80% of OCIO search consultants reporting rising search activity from these institutions in recent years. At the same time, the opportunity remains significant, particularly among larger institutions where OCIO adoption is still relatively low, highlighting continued demand for scaled, integrated investment and governance solutions.

The firm also announced the additions of Paul Hawkinson and Thomas Totten, FSA, PhD, to its Board of Directors. Hawkinson brings audit, private equity, transaction advisory, and community lending experience, adding perspective across capital formation, and mission-oriented finance. Totten brings deep actuarial and academic expertise, strengthening the Board’s perspective on risk, governance, and long-term institutional decision-making. Together, their backgrounds complement the Board’s existing areas of expertise as FEG continues to grow.

“We are pleased to welcome Paul and Thomas to FEG’s Board of Directors as we continue to build on one of the firm’s long-standing strengths: investment management,” said Alan Lenahan, Chief Executive Officer of FEG. “Their experience and perspective will be valuable as we further strengthen our platform and meet growing demand for thoughtful, scalable investment solutions that help clients pursue their goals with greater clarity and confidence.”

Visit FEG.com to learn more.

About FEG Investment Advisors
FEG Investment Advisors is an independent, employee-owned investment management firm with more than $100 billion¹ in assets under advisement. For over 37 years, FEG has partnered with institutional investors to build and manage portfolios aligned with their long-term objectives and missions. The firm provides discretionary OCIO and advisory services to endowments, foundations, healthcare organizations, family offices, and private advisors across the United States, serving as a disciplined fiduciary partner. For more information, visit www.feg.com.

₁ Assets under advisement as of September 30, 2025.

₂ The Cerulli Report - U.S. Outsourced Chief Investment Officer Function 2025.