FEG Investment Advisors

The rise of the AI economy continued to be in the spotlight in Q3, with corporate spending and CapEx fueling broad earnings growth. Gains extended beyond the “Mag 7” to utilities, data centers and select software names. Small caps also saw a rebound as earnings appeared to bottom out, while the Fed’s 25bps rate cut in September supported sentiment across risk assets.   What investors should watch:   ✅ Broadening Market: Opportunities are emerging beyond U.S. large caps—think small caps, non-U.S. markets and less efficient areas offering both growth and income potential.   ✅ Cost of Capital: With more Fed cuts expected, risk assets could see continued momentum as borrowing cost ease.   ✅ Manager Access: Limited distributions from private investments may open doors to sought-after alternative managers.   AI remains the market’s defining force—but not every use case will deliver strong returns. The challenge is separating real innovation from overhyped opportunity.   See where Nolan Bean, CFA, CAIA, Gregory Dowling, CFA, CAIA and Nathan Werner think the best opportunities lie heading into year-end: https://lnkd.in/g33sa4Nw

FEG Investment Advisors is proud to be a Bronze sponsor at this week's Elevating Impact conference hosted by Philanthropy Southwest. FEG is thrilled to have Tim O'Donnell, CAIA, Senior Vice President & Advisor, co-present an insightful session at this year’s conference: 🎤 Power in the Numbers: Using Peer Trends and Community Data to Maximize Societal Impact 📅 October 22, 2025 🕑 2:10 PM – 3:25 PM MT 📍 Colorado Hall C | Finance, Governance, and Law Track We’re excited to have Tim representing FEG alongside leaders from United Way of Metropolitan Dallas and Parkland Center For Clinical Innovation. This session will explore how foundations and charitable organizations can harness peer benchmarking and community data to drive smarter, mission-aligned decisions. 🔍 What You’ll Learn: ✅ How to compare your performance to peer organizations ✅ How to align data with your mission for greater impact ✅ How to build equitable, community-centered strategies Whether you're focused on endowment management, governance, or operational effectiveness, this session offers practical tools and real-world case studies to help you lead with data and purpose. Let’s build a more impactful future—together. #FEGInsights #SocietalImpact #DataDrivenDecisions #Philanthropy #Governance #CommunityInvestment #MissionAlignment #FEGInvestmentAdvisors

FEG Walks Ahead for Brain Cancer Research This past weekend, FEG was proud to join the Cincinnati community at Walk Ahead for Brain Tumor Discoveries — a powerful event supporting the UC Health Brain Tumor Center’s mission to advance research, treatment, and hope for those impacted by brain cancer. It was an inspiring day filled with resilience, remembrance, and a shared commitment to progress. We’re honored to support this cause and grateful to everyone who walked, donated, and cheered. Together, we’re helping move the needle toward better outcomes and brighter futures. #WalkAhead #BrainTumorAwareness #CincinnatiStrong #UCHealth #WalkForACure

What if the next big opportunity isn’t big at all? Gregory Dowling, CFA, CAIA hosts Wellington Management’s Sean Kammann in our latest Insight Bridge Podcast episode to unpack the case for small caps—and why now might be the time to look beyond the usual suspects. 🎧 Listen here: https://lnkd.in/g7qBy6fA #SmallCaps #Investing #Markets #Podcast #WellingtonManagement #FEGInsightBridge

That’s a wrap on another fantastic Kansas Association of Community Foundations Annual Conference at the Hyatt Regency in Wichita, Kansas! This week, Senior Vice President & Advisor Jeff Davis, CFA, CAIA co-presented a session alongside Richard Brown, CAE, the CFO of The Findlay-Hancock County Community Foundation, on using community foundation peer data to support decision-making within finance, investments, and governance. Reflecting upon the engaging conversations had and new friendships formed throughout the conference, we truly enjoyed connecting with so many pioneering #communityfoundation practitioners in Wichita. Already looking forward to the 2026 conference!

Great evening at the Cincinnati Business Courier 11th Annual C-Suite Awards, celebrating exceptional leadership across Greater Cincinnati!   Proud to see J. Alan Lenahan, CFA, CAIA and Gregory Dowling, CFA, CAIA recognized among this year’s finalists for their leadership and impact at FEG.   Held in the historic Renaissance Cincinnati Downtown Hotel’s original banking hall, once the grand main floor of the Union Trust Building more than a century ago.   #Leadership #CSuiteAwards #Cincinnati #FEG #Community #Innovation

While the “Mag 7” stocks have dominated headlines, there’s another sector of the market that may hold compelling opportunities: small-cap equities. In the new FEG Insight Bridge podcast episode, our CIO Gregory Dowling, CFA, CAIA sits down with Sean Kammann, Senior Managing Director, Partner and Equity PM with Wellington Management, to explore the shifting dynamics of equity markets.    Sean shares his insights on: ✅ The persistence of the small-cap premium ✅ How growth, inflation, and interest rate shifts impact smaller vs. larger companies ✅ The critical role of active management and fundamental research in uncovering long-term value   If you’re curious about where opportunities lie beyond mega-caps, this is a conversation you won’t want to miss. Tune in now: https://lnkd.in/g7qBy6fA

FEG Investment Advisors is honored to be sponsors and exhibitors at Philanthropy Forward, hosted by Philanthropy Ohio. This event has brought together an inspiring community of philanthropic leaders, changemakers, and organizations committed to driving meaningful impact across Ohio and beyond. We've had the opportunity to engage in insightful conversations, explore innovative ideas, and deepen our understanding of the evolving philanthropic landscape. Thank you to Philanthropy Ohio for creating a space where collaboration and purpose thrive. We’re proud to be part of this movement and look forward to continuing the work together. If you are attending the conference, please stop by to meet our colleagues Matt Schonland, MBA, Quincy Brown and Derek Courts, CFA!

FEG Investment Advisors is thrilled to share that Mary Jane Bobyock, CFA, Andrew Zach, CAIA and Matt Schonland, MBA just presented insights from our 2025 Community Foundation Survey, with a special focus on Pennsylvania-based peer data, at the Pennsylvania Community Foundation Association Annual Conference. This marks a pivotal moment in the history of FEG Investment Advisors as not only is this year the 10th anniversary of conducting the survey, but for the first time ever, we’ve isolated data from a single state/region (in this case Pennsylvania) to cross-reference against national trends—unlocking deeper, more localized insights for community foundations within the Commonwealth. This new layer of analysis opens the door to more tailored strategies and meaningful peer comparisons, empowering foundations to better serve their communities. Huge thanks to everyone who contributed to this effort—and to the Pennsylvania foundations who continue to lead with purpose and innovation.

Americans are aging, and fast. By 2060, the U.S. population aged 65+ is expected to more than double, climbing from 46 million to over 98 million (U.S. Census Bureau). That’s not just a demographic shift; it’s an investment opportunity.   Our CIO Gregory Dowling, CFA, CAIA recently spoke with Paul Froning and Michael Feinstein of Focus Healthcare Partners LLC to explore what this means for the future of senior housing and healthcare real estate.    They shared how their investment philosophy blends: ✅ Strategic partnerships ✅ Operational improvements ✅ A focus on meaningful experiences and better health outcomes for residents   Listen now: https://lnkd.in/gBJvsk9V