Funston Advisory Services LLC (FAS) is recognized as one of the nation's preeminent advisors to public funds in the areas of governance, operations, and risk intelligence. We are distinguished by the caliber and experience of our network 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 for public funds.
Over the past ten 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 operate a virtual consulting network, we call “FASNET,” comprised of the nation’s leading experts on public funds. We tailor our project teams to each client's needs to ensure their success. We are the firm that public funds are turning to for help in governance and operational matters to improve system performance.
One of a Kind!
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 link below.
Why Choose FAS?
Our Team & Our Practical Experience
Funston Advisory Services LLC (FAS) was formed in 2010. The principals have been providing governance, strategy, operations, and risk advisory services since 1980. Since 2011, our team of public retirement system experts, our FASNET, has worked together on a series of high-profile public pension fund governance assignments. Each project is staffed to meet specific needs with team members who are highly experienced professionals and bring decades of advisory, legal, and/or pension industry experience.
Our Leading Practices InGov℠ Knowledgebase
Our extensive InGov® knowledge base garnered from over 50 public retirement systems, contains data on governance, operational, risk, and compliance structures, policies, practices, and many more.
We can readily assess how your system compares to its peers regarding leading, prevailing, and lagging practices. Our experience shows that what works best is to create a dialogue with the board and the executive over the course of a project that results in a deep understanding of the specific circumstances, needs, and constraints under which each system must operate.
“One Size Fits One"
We understand the general needs of trustees, the challenges they face, and the context in which they operate. Our collaborative approach enables us to quickly gain a comprehensive view of the specific needs of each system. The ability to quickly tailor our approach and to develop consensus are hallmarks of our firm. We encourage you to speak to our clients about the effectiveness of pragmatically customizing our recommendations to their specific needs.