Funston Advisory Services, Bloomfield Hills, Michigan

Bloomfield Hills, Michigan

Bloomfield Hills, Michigan

Funston Advisory Services LLC (FAS) is recognized as one of the nation's preeminent advisors to public retirement systems in the areas of governance, operations and risk intelligence. We are distinguished by the caliber and experience of our team and the quality and pragmatism of our advice. Our approach is based on leading practices, tempered with decades of practical experience based upon what actually works in specific circumstances. We provide solutions to address complex problems which improve system performance.

Increasingly, we are the team that public retirement systems are turning to for help in governance and operational matters. We tailor our teams to each client's needs to ensure their success.

Over the past seven years, FAS has assisted a growing number of public retirement systems and sovereign wealth funds in evaluating their fiduciary performance and identifying governance, regulatory, risk, policy, and operational process improvement priorities.

We wrote the book - literally - on helping public pension trustees better understand their responsibilities, the unique world of public retirement system governance, and how their system compares to leading practices at peer systems. If you are interested in obtaining a copy of "One of a Kind! A Practical Guide for 21st Century Public Pension Trustees," click the book cover below.
Dryer Vent Brackets

“Public fund trustees facing host of...

(06/26/2017) The June 26, 2017 issue of Pensions & Investments includes an article about the myriad of challenges facing public pension systems and their trustees. The article discusses examples with the New Mexico Educational Retirement Board, Dallas Police & Fire Pension Fund, and the Kentucky Retirement System, and includes comments from FAS team members Rick Funston, Randy Miller, Keith Johnson and Keith Ambachtsheer. To read the article, click here: http://www.pionline.com/article/20170626/ONLINE/170629883/public-fund-trustees-facing-host-of-difficult-challenges

Indiana PRS considers internal investment...

(06/26/2017) In 2016, the Indiana Public Retirement System (INPRS) engaged a joint team of Cutter Associates and Funston Advisory Services to help them consider the feasibility of moving the management of some portions of the fund portfolio in-house. This is an increasing trend about major public pension funds in the U.S. as a means of reducing investment management fees and improving overall fund performance. The results of the Cutter/FAS study were presented to the INPRS Board of Trustees on June 23, 2017, as reported by Pensions & Investments in an article which can be found here: http://www.pionline.com/article/20170623/ONLINE/170629906/indiana-assigns-200-million-discusses-barriers-to-moving-assets-in-house

"South Carolina Retirement System...

(06/26/2017) A recent Pensions & Investments article describes the impact of 2014 Funston Advisory Services fiduciary performance audit on the South Carolina Retirement System Investment Commission's (RSIC) governance and investment processes and subsequent pension reform developed and passed by the General Assembly and signed by the Governor. The RSIC has been implementing virtually all of the FAS recommendations and has significantly improved its governance and investment operations. To read the article click here: http://www.pionline.com/article/20170626/ONLINE/170629894

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