Fund Evaluation Group Announces Acquisition of Dallas-Based Larry Thompson & Associates

Fund Evaluation Group, LLC (FEG) announced the acquisition of Larry Thompson & Associates, Inc. (LT&A), a nearly 24-year-old independent investment consulting firm based in Dallas, Texas.

Following the acquisition, FEG’s assets under advisement will stand at approximately $58 billion1, reaffirming FEG’s status as one of the largest independent U.S. consulting firms.2 The merger will result in the firm having four physical office locations including Cincinnati, OH (headquarters); Indianapolis, IN; Detroit, MI; and Dallas, TX.

“We found the perfect partner in LT&A,” said Scott Harsh, President and CEO of FEG. “Their client focus, integrity, expertise, and strategy are well aligned with FEG’s.” Harsh emphasized that both firms have deep experience working with nonprofits and family offices, are committed to a long-term investment strategy, and believe in building globally diversified portfolios.

Harsh further noted that FEG has many clients in Texas and the surrounding states. “Having a physical location and seasoned team in such a vibrant market provides significant opportunities for our combined firms. This acquisition supports FEG’s strategic plan for growth and position as a leading independent consulting and advisory firm,” he said.

“We conducted extensive due diligence in selecting the right partner,” said Larry Thompson, President and Senior Consultant of LT&A. “We wanted our clients to have access to additional resources and investment expertise, but at the same time, we were sensitive to not disrupting the client relationships.”

Thompson believes LT&A clients will benefit greatly from FEG’s 28 years of experience working with a broad array of both institutional and private clients. “Portfolios are becoming increasingly complex and having FEG’s depth of research, particularly within alternative investment strategies, will serve our clients quite well. In addition, FEG’s expanded scope of services will allow clients to fine tune their consulting engagement based on their unique needs and circumstances. It is indeed a very exciting time.”

Both Harsh and Thompson agree that the integration will be seamless and look forward to the synergies that the combined firms will bring to their clients.




About Fund Evaluation Group, LLC: Fund Evaluation Group, LLC (FEG) provides investment consulting, portfolio management, and research services to clients nationwide. Established in 1988, the independently-owned firm service lines include FEG Consulting, which provides traditional, nondiscretionary investment consulting services to institutions; FEG Managed Solutions, which provides outsourced CIO and discretionary portfolio management services for institutions and financial intermediaries; and FEG Research Services, which provides traditional and alternative strategies’ investment manager research, due diligence and monitoring. For more information, visit


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2 As reported by Pensions & Investments in 2016


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