Callan

Callan LLC, established in 1973 and based in San Francisco, is an SEC-registered investment adviser with over 200 employees. The firm specializes in providing tailored advice primarily to institutional investors, managing over $4.5 trillion in assets for discretionary and non-discretionary clients. Callan offers services through three main lines of business: Fund Sponsor Consulting (FSC), Independent Adviser Group (IAG), and Institutional Consulting Group (ICG). FSC provides customized solutions for institutional investors, including strategic planning, plan implementation, and ongoing management. IAG serves independent advisers and financial intermediaries, offering consulting guidance and access to the Unified Managed Account (UMA) program. ICG provides research and tools to investment manager clients. Callan's fee structure varies by business line, with fees ranging from up to $2,000,000 for FSC to approximately $113,000 for ICG. The firm does not charge performance-based fees and works with a diverse range of clients, including corporations, nonprofits, and family offices. Callan emphasizes risk management in its investment strategies, focusing on strategic planning, manager due diligence, performance monitoring, and operational best practices. The firm maintains a Code of Ethical Responsibility to address conflicts of interest and has no disciplinary history to disclose. Callan does not exercise investment discretion for most clients but may do so for certain discretionary accounts, such as collective investment trusts and OCIO engagements.