Nolan BeanNolan Bean joined Fund Evaluation Group in 2004, working with pension clients and also overseeing the firm’s investment strategy. He also sits on the firm’s Investment Policy Committee, which sets the strategic vision for FEG’s recommended manager list and capital market assumptions.
Bean recalls his start in the industry this way, “When I first came across consulting, I didn’t know what it was. I first discovered it in a due diligence meeting when I was working at a financial firm. I really took to the process then and have enjoyed it ever since.”
He adds that consulting has changed a lot during his 13 years in the industry. “There has been a lot of generation change in the investment industry and the consulting industry. We are seeing more consolidation than we have in the past. Investors are raising their expectations of consultants as a result.” Bean notes that as with every other part of finance, investors are taking a critical look at their relationships and making note of what works and what doesn’t.
Going forward, Bean expects that consultants will have to find new ways to bring value, possibly by crafting more holistic organizational solutions for clients. “There is a higher level of activity in the business now,” he says. “It gives us an opportunity to show what we can do.”