Federated investment Counseling

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Total assets under management

$207,209,930,946

Total clients

6,612

2% high-net worth

Total advisors

244

of 213 employees

Firm size

Enterprise

51-2,000 advisors or $10B+ in AUM

Average clients per advisor

Average account size

$31,338,465

About

Federated Investment Counseling is a large enterprise investment adviser managing roughly $207 billion in discretionary assets with a staff of 244 advisors and over 6,600 client relationships. The firm provides discretionary portfolio management, model-portfolio and managed-account services, sub‑advisory services, and advisory support for investment companies, pooled vehicles and private funds across equity, taxable and municipal fixed‑income, cash/liquidity, and balanced strategies.

The brochure describes a multi‑disciplinary investment process that combines bottom‑up fundamental research, quantitative screening and committee-driven sector, duration and yield‑curve oversight for fixed income, with active use of derivatives and hedging where appropriate. Federated also offers model portfolios to overlay managers and participates in wrap/managed account platforms; certain strategies (notably trade and project finance) are run with specialized underwriting and fee considerations and the firm discloses procedures for tax‑loss harvesting and trade execution rotation.

Notable distinctions highlighted in the brochure include the firm’s affiliation with a broader Federated Hermes group that owns commodity pool operators and other financial‑industry entities, and the firm’s explicit role advising other investment advisers as well as banks, trust companies and large institutional clients (including foreign and governmental accounts). The brochure also discloses that performance information (including predecessor performance and GIPS‑compliant reports) is published online, and the firm’s standard compensation is predominantly negotiable asset‑based fees rather than fixed flat fees.

Client services

Portfolio management Educational seminars or workshops

Adviser also provides model portfolios and asset allocation recommendations and periodic updates to them.

Expertise

Active portfolio management Tax-loss harvesting

Fee options

Percentage

$0 - $25 million: 0.75% (75 basis points) Small Cap Separate Accounts $25 million - $50 million: 0.70% (70 basis points) Small Cap Separate Accounts $50 million - $100 million: 0.65% (65 basis points) Small Cap Separate Accounts $100 million+: 0.50% (50 basis points) Small Cap Separate Accounts $0 - $25 million: 0.55% (55 basis points) Large Cap, All Cap Value, Balanced Separate Accounts $25 million - $50 million: 0.45% (45 basis points) Large Cap, All Cap Value, Balanced Separate Accounts $50 million - $100 million: 0.35% (35 basis points) Large Cap, All Cap Value, Balanced Separate Accounts $100 million+: 0.30% (30 basis points) Large Cap, All Cap Value, Balanced Separate Accounts $0 - $25 million: 0.70% (70 basis points) International Equity Separate Accounts $25 million - $50 million: 0.65% (65 basis points) International Equity Separate Accounts $50 million - $100 million: 0.55% (55 basis points) International Equity Separate Accounts $100 million+: 0.45% (45 basis points) International Equity Separate Accounts $0+: 0.06% (6 basis points) Money Market/Liquidity Separate Accounts $0+: 0.10% (10 basis points) Active Cash Fixed Income Separate Accounts $0 - $50 million: 0.18% (18 basis points) Short-Intermediate Fixed Income Separate Accounts $50 million - $100 million: 0.15% (15 basis points) Short-Intermediate Fixed Income Separate Accounts $100 million+: 0.12% (12 basis points) Short-Intermediate Fixed Income Separate Accounts $0 - $50 million: 0.25% (25 basis points) Core Fixed Income Separate Accounts $50 million - $100 million: 0.20% (20 basis points) Core Fixed Income Separate Accounts $100 million+: 0.15% (15 basis points) Core Fixed Income Separate Accounts $0 - $50 million: 0.30% (30 basis points) Core Plus Fixed Income Separate Accounts $50 million - $100 million: 0.25% (25 basis points) Core Plus Fixed Income Separate Accounts $100 million+: 0.20% (20 basis points) Core Plus Fixed Income Separate Accounts $0 - $25 million: 0.35% (35 basis points) Opportunistic Corporate Fixed Income Separate Accounts $25 million - $75 million: 0.30% (30 basis points) Opportunistic Corporate Fixed Income Separate Accounts $75 million - $100 million: 0.25% (25 basis points) Opportunistic Corporate Fixed Income Separate Accounts $100 million+: 0.20% (20 basis points) Opportunistic Corporate Fixed Income Separate Accounts $0 - $50 million: 0.55% (55 basis points) Opportunistic High Yield Fixed Income Separate Accounts $50 million - $100 million: 0.40% (40 basis points) Opportunistic High Yield Fixed Income Separate Accounts $100 million+: 0.30% (30 basis points) Opportunistic High Yield Fixed Income Separate Accounts $0 - $50 million: 0.50% (50 basis points) High Yield Fixed Income Separate Accounts $50 million - $100 million: 0.35% (35 basis points) High Yield Fixed Income Separate Accounts $100 million+: 0.25% (25 basis points) High Yield Fixed Income Separate Accounts $0 - $25 million: 0.45% (45 basis points) International Fixed Income Separate Accounts $25 million - $50 million: 0.40% (40 basis points) International Fixed Income Separate Accounts $50 million - $100 million: 0.35% (35 basis points) International Fixed Income Separate Accounts $100 million+: 0.30% (30 basis points) International Fixed Income Separate Accounts $0 - $25 million: 0.85% (85 basis points) Trade Finance Fixed Income Separate Accounts $25 million - $50 million: 0.75% (75 basis points) Trade Finance Fixed Income Separate Accounts $50 million - $75 million: 0.65% (65 basis points) Trade Finance Fixed Income Separate Accounts $75 million+: 0.50% (50 basis points) Trade Finance Fixed Income Separate Accounts $0 - $50 million: 0.50% (50 basis points) Floating Rate Strategic Multi-Sector Fixed Income Separate Accounts $50 million - $100 million: 0.35% (35 basis points) Floating Rate Strategic Multi-Sector Fixed Income Separate Accounts $100 million+: 0.25% (25 basis points) Floating Rate Strategic Multi-Sector Fixed Income Separate Accounts $0 - $15 million: 0.30% (30 basis points) Federated Hermes CW Henderson Ultrashort-Short Municipal Separate Accounts $15 million - $100 million: 0.25% (25 basis points) Federated Hermes CW Henderson Ultrashort-Short Municipal Separate Accounts $100 million+: 0.20% (20 basis points) Federated Hermes CW Henderson Ultrashort-Short Municipal Separate Accounts $0 - $15 million: 0.375% (37.5 basis points) Federated Hermes CW Henderson Intermediate-Long Municipal Separate Accounts $15 million - $100 million: 0.30% (30 basis points) Federated Hermes CW Henderson Intermediate-Long Municipal Separate Accounts $100 million+: 0.25% (25 basis points) Federated Hermes CW Henderson Intermediate-Long Municipal Separate Accounts $0 - $5 million: 0.35% (35 basis points) General Fixed Income Managed Accounts and Model Portfolio Management Services $5 million - $50 million: 0.30% (30 basis points) General Fixed Income Managed Accounts and Model Portfolio Management Services $50 million - $100 million: 0.25% (25 basis points) General Fixed Income Managed Accounts and Model Portfolio Management Services $100 million+: 0.23% (23 basis points) General Fixed Income Managed Accounts and Model Portfolio Management Services $0 - $5 million: 0.35% (35 basis points) Core Plus Fixed Income Managed Accounts and Model Portfolio Management Services $5 million - $50 million: 0.30% (30 basis points) Core Plus Fixed Income Managed Accounts and Model Portfolio Management Services $50 million - $100 million: 0.275% (27.5 basis points) Core Plus Fixed Income Managed Accounts and Model Portfolio Management Services $100 million+: 0.25% (25 basis points) Core Plus Fixed Income Managed Accounts and Model Portfolio Management Services $0 - $25 million: 0.15% (15 basis points) Treasury Ladders Managed Accounts and Model Portfolio Management Services $25 million - $100 million: 0.125% (12.5 basis points) Treasury Ladders Managed Accounts and Model Portfolio Management Services $100 million+: 0.10% (10 basis points) Treasury Ladders Managed Accounts and Model Portfolio Management Services $0 - $25 million: 0.20% (20 basis points) Corporate Ladders Managed Accounts and Model Portfolio Management Services $25 million - $100 million: 0.175% (17.5 basis points) Corporate Ladders Managed Accounts and Model Portfolio Management Services $100 million+: 0.15% (15 basis points) Corporate Ladders Managed Accounts and Model Portfolio Management Services $0 - $5 million: 0.70% (70 basis points) Large Cap, All Cap Value, Balanced Managed Accounts and Model Portfolio Management Services $5 million - $25 million: 0.60% (60 basis points) Large Cap, All Cap Value, Balanced Managed Accounts and Model Portfolio Management Services $25 million - $50 million: 0.50% (50 basis points) Large Cap, All Cap Value, Balanced Managed Accounts and Model Portfolio Management Services $50 million - $100 million: 0.40% (40 basis points) Large Cap, All Cap Value, Balanced Managed Accounts and Model Portfolio Management Services $100 million+: 0.35% (35 basis points) Large Cap, All Cap Value, Balanced Managed Accounts and Model Portfolio Management Services $0 - $5 million: 0.75% (75 basis points) International Equity Managed Accounts and Model Portfolio Management Services $5 million - $25 million: 0.65% (65 basis points) International Equity Managed Accounts and Model Portfolio Management Services $25 million - $50 million: 0.55% (55 basis points) International Equity Managed Accounts and Model Portfolio Management Services $50 million - $100 million: 0.45% (45 basis points) International Equity Managed Accounts and Model Portfolio Management Services $100 million+: 0.40% (40 basis points) International Equity Managed Accounts and Model Portfolio Management Services $0 - $5 million: 0.85% (85 basis points) Small Cap Managed Accounts and Model Portfolio Management Services $5 million - $25 million: 0.80% (80 basis points) Small Cap Managed Accounts and Model Portfolio Management Services $25 million - $50 million: 0.75% (75 basis points) Small Cap Managed Accounts and Model Portfolio Management Services $50 million - $100 million: 0.70% (70 basis points) Small Cap Managed Accounts and Model Portfolio Management Services $100 million+: 0.60% (60 basis points) Small Cap Managed Accounts and Model Portfolio Management Services $0 - $25 million: 0.30% (30 basis points) Federated Hermes CW Henderson Ultrashort-Short Municipal Managed Accounts and Model Portfolio Management Services $25 million - $100 million: 0.25% (25 basis points) Federated Hermes CW Henderson Ultrashort-Short Municipal Managed Accounts and Model Portfolio Management Services $100 million+: 0.20% (20 basis points) Federated Hermes CW Henderson Ultrashort-Short Municipal Managed Accounts and Model Portfolio Management Services $0 - $25 million: 0.35% (35 basis points) Federated Hermes CW Henderson Intermediate-Long Municipal Managed Accounts and Model Portfolio Management Services $25 million - $100 million: 0.30% (30 basis points) Federated Hermes CW Henderson Intermediate-Long Municipal Managed Accounts and Model Portfolio Management Services $100 million+: 0.25% (25 basis points) Federated Hermes CW Henderson Intermediate-Long Municipal Managed Accounts and Model Portfolio Management Services

Performance-based

Performance-based fees charged for certain accounts, including Pooled Investment Vehicles; fees vary and are negotiated and specified in investment management agreements.

Other

Account minimum: $100,000 for Managed Account Program Equity Accounts; $250,000 for Managed Account Program Taxable Fixed Income Accounts; $10 million for Small Cap Separate Accounts; $25 million for other Separate Account strategies; $500 million for Money Market/Liquidity Separate Accounts; $100 million for Active Cash Fixed Income Separate Accounts; $50 million for Short-Intermediate Duration Fixed Income Separate Accounts; $1 million for Federated Hermes CW Henderson division non-Managed Accounts; $500,000 for Federated Hermes CW Henderson division Managed Account Program accounts

Main office location

Federated investment Counseling

1001 Liberty Avenue

Pittsburgh PA 15222-3779, United States

Number of offices

Most active in

Alabama · Alaska · Arizona · Arkansas · California · Colorado · Connecticut · Delaware · District of Columbia · Florida · Georgia · Hawaii · Idaho · Illinois · Indiana · Iowa · Kansas · Kentucky · Louisiana · Maine · Maryland · Massachusetts · Michigan · Minnesota · Mississippi · Missouri · Montana · Nebraska · Nevada · New Hampshire · New Jersey · New Mexico · New York · North Carolina · North Dakota · Ohio · Oklahoma · Oregon · Pennsylvania · Puerto Rico · Rhode Island · South Carolina · South Dakota · Tennessee · Texas · Utah · Vermont · Virgin Islands · Virginia · Washington · West Virginia · Wisconsin · Wyoming

Disclosures

Business activities & affiliations

Is active or affiliated with:

Broker-dealer / trader

They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.

Trust company

They provide trust and estate administration services, typically for separate fees.

Fund sponsor

They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.

Is not active or affiliated with:

Insurance agent

They sell insurance products and may earn commissions on those sales.

Bank

They're affiliated with a bank that may offer its own financial products and services.

Accountant / CPA / tax prep

They offer tax and accounting services, typically for separate fees.

Lawyer

They provide legal services, typically billed separately.

Real estate agent

They facilitate real estate transactions and may earn commissions.

Other specialized services

They may provide services such as pension consulting or municipal advisory work, typically for separate fees.

Forms ADV

Form ADV Part 2: Client Brochure Form ADV Part 3: Client Relationship

Quick links

LinkedIn Facebook X YouTube Website 412-288-1900

Advisors at this firm

Marcus P

Series 63, Series 66

Pittsburgh, PA

Federated investment Counseling

Active portfolio management Tax-loss harvesting

Daniel Z

Series 66

Pittsburgh, PA

Federated investment Counseling

Active portfolio management Tax-loss harvesting

Patrick M

Series 65

Pittsburgh, PA

Federated investment Counseling

Active portfolio management Tax-loss harvesting

Jared H

Series 65

Pittsburgh, PA

Federated investment Counseling

Active portfolio management Tax-loss harvesting

James W

Series 66

Pittsburgh, PA

Federated investment Counseling

Active portfolio management Tax-loss harvesting

John R

Series 66

Pittsburgh, PA

Federated investment Counseling

Active portfolio management Tax-loss harvesting

Daniel P

Series 66

Pittsburgh, PA

Federated investment Counseling

Active portfolio management Tax-loss harvesting

Vincent M

Series 63, Series 66

New York, NY

Federated investment Counseling

Active portfolio management Tax-loss harvesting

Emory R

Series 65, Series 66

Pittsburgh, PA

Federated investment Counseling

Active portfolio management Tax-loss harvesting

Jane L

Series 63, Series 66

Mount Prospect, IL

Federated investment Counseling

Active portfolio management Tax-loss harvesting

Jacob G

Series 66

Pittsburgh, PA

Federated investment Counseling

Active portfolio management Tax-loss harvesting

Paul B

Series 66

Pittsburgh, PA

Federated investment Counseling

Active portfolio management Tax-loss harvesting

Jeremy T

CFA®, Series 66

Boston, MA

Federated investment Counseling

Active portfolio management Tax-loss harvesting

Robert J

Series 66

Pittsburgh, PA

Federated investment Counseling

Active portfolio management Tax-loss harvesting

Devin R

Series 66

Pittsburgh, PA

Federated investment Counseling

Active portfolio management Tax-loss harvesting

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