Discretionary Services

Trusted oversight to help you meet increasingly complex needs

As an industry leader in providing discretionary services (OCIO), Callan employs a consultative approach to working with you, focusing on building portfolios and solutions that are responsive to your needs. While we offer fully built, ready-made plan options, we have developed a discretionary practice that is truly an extension of our traditional consulting services, rather than building only prepackaged “solutions.”

For more than a decade, we’ve partnered with many different client types such as:

Defined contribution (government, corporate)
Endowments, foundations, and nonprofits
Health care
Defined benefit (government, corporate)

We can provide a full spectrum of options tailored to meet your unique goals, circumstances, and in-house expertise.

Team approach with access to specialists

As a discretionary client, you will receive the full benefit of all our consulting services, including proprietary research, highly experienced investment consultants, and an experienced team of more than 40 research specialists.

Full suite of funds

You have access to cost-effective funds that leverage the best of our manager research capabilities.

3(38) fiduciary services

Our comprehensive 3(38) fiduciary services draw heavily on the structure we put into place for Callan's own 401(k) plan. Like we've done for our own employees, these services are designed to put your plan's participants first.

Year Callan launched the first multi-manager fund

$ 0 + billion

Discretionary assets under management (as of 12/31/23)

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Years implementing multi-manager portfolios

Callan MultiManager® Funds

Designed for every career stage, the Callan MultiManager® Funds help take the guesswork out of investing for retirement. This way, your employees can focus more on excelling in their careers and enjoying everyday life, and less on the complexities of investing.

Callan GlidePath® Funds

The Callan GlidePath^® Funds are diversified, target date funds designed as a single investment solution for participants of defined contribution plans. By automatically adjusting their asset allocation to become more conservative over time, these funds seek to achieve the appropriate level of risk for each stage of a participant’s life.

Callan MultiManager® Core Funds

The Callan MultiManager® Core Funds feature a variety of strategies in a single fund, giving your employees access to strategies managed by top investment firms with diverse perspectives. Because there’s flexibility built into the funds, you’re able to customize your plan based on your needs.

Greg Allen

CEO & Chief Research Officer

“Investment committees want to be the best plan fiduciaries they can be. Yet today’s CFOs and human resource and treasury professionals are time starved. Many don’t want to take their hands off the wheel entirely, but they need more expertise to make decisions. We view discretionary services as an extension of traditional consulting services. We partner with our clients, picking up oversight at exactly the point where they need help – not based on a packaged plan. We tailor our service to support them as fiduciary partners.”