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Callan

Independent investment consulting for institutional clients

Overview

Callan provides investment advisory services to institutional clients with more than $3 trillion in assets. Its offerings center on customized investment solutions built on proprietary research, exclusive data, and ongoing education, delivered through a client-focused consulting model to pension plans, endowments, foundations, independent advisers, asset managers, and other asset owners. It differentiates itself as independently owned and employee-owned, with access to proprietary research and data and a large, diverse client base that supports personalized, long-term advisory relationships. Its goal is to help institutional investors manage and optimize their assets through evidence-based advice and education.

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About Callan

Simplify's Rating
Why Callan is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

ConsultingFinancial Services

Company Size

201-500

Company Stage

N/A

Total Funding

N/A

Headquarters

Summit, Illinois

Founded

1973

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Simplify's Take

What believers are saying

  • June 2026 promoted Pete Keliuotis to unify research, alternatives, and research technology.
  • April 2026 DC Trends Survey reinforces Callan's role with mega plan sponsors.
  • January 2026 fee study monetizes proprietary data and supports recurring advisory conversations.

What critics are saying

  • Mercer's 2009 acquisition history still frames Callan as a ripe roll-up target.
  • Private-equity firms can outspend Callan on technology, data, and specialist talent by 2027.
  • If key partners leave, Callan's research franchise loses credibility and client retention weakens.

What makes Callan unique

  • Callan's 2025-2026 surveys and proprietary fee database deepen client benchmarking.
  • Pete Keliuotis' June 2026 research consolidation strengthens public-private markets integration.
  • Employee-owned since 1973, Callan markets independent advice across $3 trillion advised assets.

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Benefits

  • Health Insurance
  • Dental Insurance
  • Vision Insurance
  • 401(k) Company Match
  • Profit Sharing
  • Tuition Assistance
  • Hybrid Work Options
  • Wellness Program

Company News

PR Newswire
Jun 10th, 2026
Callan appoints Pete Keliuotis to newly created role as director of Public and Private Markets Research.

Callan appoints Pete Keliuotis to newly created role as director of Public and Private Markets Research. Jun 10, 2026, 04:00 ET SAN FRANCISCO, June 10, 2026 /PRNewswire/ - Callan, a leading institutional investment consulting firm, announced today that Pete Keliuotis, CFA, an executive vice president and the firm's head of Alternatives Consulting, will become the director of Public and Private Markets Research, effective June 15, 2026. He will report to Callan CEO & Chief Research Officer Greg Allen. "Pete's leadership of our alternatives consulting team and important initiatives across the firm has been exemplary, and he will no doubt excel in his new role," said Mr. Allen. "He will strengthen collaboration across the research platform, foster technology innovation and adoption, and make sure we have the focus and capabilities needed to meet our clients' evolving needs." In his new role, Mr. Keliuotis oversees the firm's global manager research, alternatives and real assets research, and research technology, which includes a deep bench of over 30 public and private markets research professionals. He will have a broad mandate, continuing to lead Callan's alternatives consulting efforts and remaining actively involved with clients and consulting teams. Mr. Allen will oversee the firm's Capital Markets Research group. "I am thrilled to take on this new role to focus on improving collaboration across research groups, strengthening integration with consulting, and finding practical ways to make our research and consulting work more efficient and effective," said Mr. Keliuotis. "I look forward to working on these initiatives to further Callan's research-driven culture, which is one of our firm's great strengths and differentiators." Mr. Keliuotis has more than 35 years of experience across investment and consulting firms. He joined Callan in 2019 to lead the alternatives consulting practice, including private equity, private credit, and hedge fund teams. He co-chairs Callan's Alternatives Review Committee and is a member of the Client Policy Review Committee, Management Committee, and Institute Advisory Committee, and he is a shareholder of the firm. Prior to Callan, Mr. Keliuotis was a senior managing director at Cliffwater and a senior member of its portfolio advisory team, specializing in alternatives investing for institutional clients. Before Cliffwater, Pete was a managing director and the CEO of Strategic Investment Solutions, where he led the general and private markets consulting teams and advised several large institutional investors. His previous experience also includes Mercer Investment Consulting, where he was a principal and senior consultant, Hotchkis and Wiley in Los Angeles, and Northern Trust Company in Chicago. About Callan Callan was founded as an employee-owned investment consulting firm in 1973. Ever since, we have empowered institutional clients with creative, customized investment solutions backed by proprietary research, exclusive data, and ongoing education. Today, Callan advises clients with more than $3 trillion in total assets, which makes it among the largest independently owned investment consulting firms in the U.S. Callan uses a client-focused consulting model to serve pension and defined contribution plan sponsors, endowments, foundations, independent investment advisers, investment managers, and other asset owners. Callan has six offices throughout the U.S. Learn more at callan.com. SOURCE Callan LLC

Consulting.us
Jun 3rd, 2025
Callan promotes Uvan Tseng to leader of its West Coast consulting team

Callan, an institutional investment consulting firm, has promoted Uvan Tseng to manager of its West Coast consulting team.

PR Newswire
May 29th, 2025
Callan Promotes Uvan Tseng To Lead Its West Coast Consulting Team

SAN FRANCISCO, May 29, 2025 /PRNewswire/ -- Callan, a leading institutional investment consulting firm, announced today that Uvan Tseng, CFA, has been promoted to manager of Callan's West Coast Consulting team. Uvan will report to Greg DeForrest, CFA, who continues to lead the firm's overall client consulting group and has also managed the West Coast team since 2014."Uvan has been an invaluable member of the West Coast team since he joined the firm almost 17 years ago," said Mr. DeForrest. "He has a distinguished track record of both partnering with clients and leading coworkers."In his role as a senior vice president and manager of the West Coast consulting team, Mr. Tseng will continue to work with a variety of clients while managing a team of 11 consultants. He is also a member of Callan's Management Committee and Defined Contribution Committee, and is a shareholder of the firm

PR Newswire
May 14th, 2025
Callan'S 2025 Defined Contribution Trends Survey Shows Continued Focus On Fees, Fund/Manager Due Diligence, And Investment Structure Evaluation

SAN FRANCISCO, May 14, 2025 /PRNewswire/ -- Callan, a leading institutional investment consulting firm, announced today the results of its 2025 Defined Contribution (DC) Trends Survey. Now in its 18th year, the survey covers the key tenets of DC plan management, such as governance, investments, fees, and plan design. The survey paints a detailed picture of the challenges and opportunities that are important to DC plan sponsors."Not only does the survey provide a benchmark for sponsors to evaluate their plans compared to peers, but it also gives them the information they need to improve their plans and outcomes for participants," said Patrick Wisdom, a vice president and DC consultant at Callan. "This year's survey demonstrates the persistence of trends, such as sponsors' focus on effective governance and fees while they examine their appetite for private markets investments and guaranteed income."Key Takeaways:Top areas of focus for DC plan sponsors in 2024 included investment management fees, fund/manager due diligence, and investment structure evaluation.Reviewing the investment policy statement was the most prevalent fiduciary action taken (86%), which was consistent with 2023. Completing formal fiduciary training came in second (73%), representing a sizable increase from 2023 (53%).Half of respondents offered a mirrored active/passive investment lineup in 2024, an all-time high. A mirrored lineup is when virtually all core asset classes are represented by both active and passive options.Most plans offered some sort of retirement income solution to employees in 2024

PR Newswire
Jan 21st, 2025
Eugene O'Neill, Cfa, Joins Callan'S Fund Sponsor Consulting Team

SAN FRANCISCO, Jan. 21, 2025 /PRNewswire/ -- Callan, a leading institutional investment consulting firm, announced today that Eugene O'Neill, CFA, joined the firm's Fund Sponsor Consulting team as a senior vice president and investment consultant. Mr. O'Neill brings nearly two decades of expertise in institutional consulting and equity portfolio management. He is based in San Francisco and reports to Greg DeForrest, executive vice president and head of Callan's Fund Sponsor Consulting group and the West Coast consulting team."I'm thrilled to join such a dedicated team," said Mr. O'Neill

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