United States, Institutional

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Public defined benefit plans

We partner with federal, state, and local plans to help support the financial well-being of hundreds of thousands of public workers, educators, and first responders.

54

years building partnerships with US public plans

116

US public plan clients

70%

of top 20 US public plans partner with us

USD 43.8 B

US public plan assets entrusted to us

As of 31 June 2023

How we work with public plans

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Researchers

We put ourselves in plan sponsors' shoes and conduct timely, relevant asset allocation analysis.

allocators
Allocators

We draw on a wide range of investments, including equity, fixed income, real asset, liquid alternative, private, and opportunistic strategies.

portfolio-managers
Portfolio managers

We serve as a fiduciary for strategies in every asset class, including custom solutions to client objectives.

strategic-partners
Strategic partners

We collaborate with plan sponsors on their goals across their organization.

Meet our Public Plan experts

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Adam Berger, CFA
Head of Multi-Asset Strategy

Our public plan research is led by Adam Berger, head of Multi-Asset Strategy. He develops research from an allocator’s perspective, advises clients and prospects on a range of investment policy and governance issues, and serves as the portfolio manager for bespoke multi-manager investment solutions. In this role, he meets regularly with plans sponsors and shares his latest thinking in his quarterly Top of Mind webcast, as well as a wide range of articles and white papers. Click here to learn more about his research.

Amy  Morse

Amy Morse, CFA
Director of Pension Strategies and Relationship Manager 

As director of Pension Strategies, Amy is responsible for identifying, sharing, and acting on major trends in the pension marketplace. She works closely with various groups across Wellington to ensure that the firm is positioned to be a go-to resource and provide solutions to public DB plans. Amy also serves as a relationship manager for our public DB plan clients, helping to bring to bear our full range of resources and services on their behalf. These services include assisting with long-term investment strategy and policy issues, evaluating portfolio risks and performance, and ensuring compliance with policy guidelines and applicable regulations.

Research spotlight: Stepping stone ideas

Our public plan research agenda includes ideas aimed at helping plans close the gap between high return targets and low expected market returns. This includes “stepping stones” — incremental changes that can potentially improve returns without significantly increasing risk, such as:

  • Adding exposure to inflation-sensitive assets and strategies
  • Taking advantage of thematic and opportunistic investments
  • Allocating to fixed income complements, such as private credit and absolute return/total return hedge funds 

To learn more about the latest set of "stepping stone" ideas, read the white paper or watch the video.

Check out ADAM'S latest Insights

Key capabilities

Let’s talk public plan strategy

To learn more about how we can help public plans pursue their investment objectives, please contact us.

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