
Helping you take Governance, Risk & Compliance to the next level
Building proactive governance, risk and compliance capabilities for resilience and agility.

Deep Expertise with Institutional Investors:
We bring decades of specialized experience serving public retirement systems, investment boards, sovereign wealth funds, and other institutional investors, navigating their unique governance, fiduciary, and compliance challenges.
Thought Leadership and Tools:
We have developed powerful; and innovative governance frameworks, practical tools, and insightful analyses that empower institutional leaders to effectively manage and oversee risk, compliance, and strategic decision-making.
Practical Advice:
Our recommendations are actionable, pragmatic, and tailored specifically to the realities of each client, to achieve tangible improvements and measurable outcomes.
Trusted Advisors:
Clients rely on our integrity, independence, and objectivity, making us their go-to partner for critical governance and fiduciary decisions.
Committed to Client Success – One Size Fits One!:
Every client receives personalized attention and bespoke solutions, recognizing that each organization's challenges, culture, and objectives are unique.
Our Areas of Expertise Include:
Governance, Risk & Compliance
Peer Benchmarking
Enterprise Risk Management and Risk Intelligence
Leadership Development & Coaching
Facilitation
Testimonials
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“FAS has a talented and professional team with a deep and practical understanding of how a highly effective pension fund investment organization needs to be governed and operate.”
CEO State Investment Board
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"Each of FAS' fiduciary performance audits included an assessment of the respective retirement boards' governance. FAS' approach was clearly not a "check the boxes" routine. They approached each board individually to assess the needs, statutory authority, and functionality of the board and then compared those areas to best practices. The systems have implemented the majority of suggestions from FAS.”
State Oversight Body
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“Funston’s services have been of invaluable and of significant benefit to the system, its governing Boad and the members.”
Executive Director, State Retirement System
Our Services
Governance, Risk & Compliance Reviews
Charters
Policies
Procedures and Practices
Board Meeting Materials
Compliance, Risk, and Control
Peer Benchmarking
InGov - Governance Benchmarking
GEM - Governance Effectiveness Management
N3PR - National Public Pension Policy Repository
MGPM - Model Governance Policy Manual
Proprietary Tools and Knowledge Bases
Program Capability Maturity Assessment
Exception-Based Reporting
Governance, Risk and Compliance Surveys
Enterprise Risk Management and Risk Intelligence
Leadership Development & Coaching
In-person and online governance and fiduciary training (Board Smart)
Onboarding
Continuing Education
Leadership Coaching
Board & Executive
Expert Facilitation
Board Retreats
Board Self-Evaluation
CEO/ED Evaluation
Strategic Planning
Conflict Resolution
Contact Us
Rick Funston
+1 (313) 919-3014
rfunston@funstonadv.com
Randy Miller
+1 (248) 250-1111
rmiller@funstonadv.com
Address:
6632 Telegraph Road #225
Bloomfield Hills, Michigan 48301