George Dunn
CIMA® · Managing Director
Senior Consultant and Global Institutional Consultant. Completed the rigorous Global Institutional Consulting selection process administered by Bank of America.
Barron's Top 25 · 2015–2018
Capital, carefully orchestrated for institutions that endure.
For more than three decades, The Dunn-Dunne-Wall-Hegenbart Group has helped the nation's most sophisticated institutions oversee assets prudently — channeling the full resources of Merrill and Bank of America through an intimate client-consultant relationship built in Bethesda, Maryland.
30+
Years advising
institutional capital
institutional capital
$2.4B
Assets overseen
across client segments
across client segments
04
Barron's list
appearances
appearances
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A consultancy built on listening, then acting.
Managing wealth begins with a deep understanding of your full financial picture. Based on what matters most to you, we help create a strategy as flexible as today's changing market conditions — and provide access to the investment insights of Merrill alongside the banking convenience of Bank of America.
01 / MISSION
Harnessing a global firm, delivered locally.
Our mission is to harness the power of one of the world's largest global financial firms on behalf of clients through an intimate client-consultant relationship. We work to understand the broader challenges and goals of the organizations we serve before devising investment strategies for them.
02 / RECOGNITION
Barron's Top 25, four years running.
In 2015, George Dunn, Peter Dunne and Bruce Wall were named to Barron's prestigious list of Top 25 Institutional Financial Advisors in its inaugural appearance. The team also appeared on the 2016, 2017, and 2018 lists — rankings based on data as of December 31 of the prior year.
03 / INTEGRATION
Strategy aligned with governance, not isolated from it.
Underscoring every service we offer is the conviction that to be effective, investment strategies must be carefully integrated with an organization's strategic objectives, governance framework, investment policy and risk-management function. We take the time to understand before we act.
04 / CREDENTIALS
Rigorously selected, deeply experienced.
Our consultants completed the rigorous Global Institutional Consulting selection process administered by Bank of America — a deep review of experience serving institutions and a comprehensive, multidimensional professional assessment.
Each of us is passionate about strengthening and growing clients' organizations, and helping these institutions fulfill their missions is very gratifying to us.
George Dunn, CIMA® · Managing Director, Senior ConsultantServices, priced transparently.
A broad spectrum of solutions — from traditional consulting to client-directed implementation to full discretionary authority — depending on your resources and desire to delegate. Indicative annual fees below; final engagement terms are scoped during consultation.
01
Institutional Investment Consulting
Strategic asset allocation, manager research and ongoing oversight for endowments, foundations and pension plans. Includes quarterly performance review and Investment Committee support.
from 0.45% AUM / yr
02
Discretionary Portfolio Management
Full delegated authority to implement and rebalance the portfolio within an agreed investment policy statement. Best for institutions seeking turnkey execution with senior oversight.
from 0.65% AUM / yr
03
Defined Benefit Pension Oversight
Liability-driven investing analysis, asset-liability modeling and trustee education. We help CFOs and boards measure how liabilities impact portfolio construction.
from $18,000 / yr
04
Endowment & Foundation Strategy
Spending policy design, gift acceptance review and long-horizon capital preservation for colleges, secondary schools, community foundations and mission-based organizations.
from 0.50% AUM / yr
05
Investment Policy Statement Drafting
Bespoke IPS authoring and review — objectives, governance, asset class guidelines, rebalancing rules and prohibited transactions. Delivered as a fixed-scope engagement.
$6,500 flat
06
Fiduciary & Governance Education
On-site board and Investment Committee education sessions covering fiduciary duties, best practices and current market themes. Half-day or full-day formats available.
$3,200 / session
07
Private Family Wealth Management
Institutional-quality investment and wealth management for select families whose exceptional wealth demands the same rigor we apply to large endowments and foundations.
from 0.75% AUM / yr
08
Risk & Liability Analysis
Stress testing, scenario analysis and balance-sheet modeling to understand how operating liabilities interact with the investment portfolio over multi-year horizons.
from $9,500 / engagement
Our approach
We listen. We educate.
We help you decide.
STEP 01
We listen first.
We assist and guide your institution's investment stewards in carrying out their fiduciary responsibilities. Before any recommendation, we take the time to understand your organization's strategic objectives, governance framework and risk-management function.
STEP 02
We see the whole balance sheet.
We work with both sides of your balance sheet. We believe your investment policy should be in harmony with both the shorter- and longer-term goals of your institution — and we help you measure how liabilities may impact portfolio construction.
STEP 03
We are hands-on.
We seek to support and enhance the capabilities of the Investment Committee, the CFO and the back office. For CFOs coping with tight operating budgets, we serve as a valuable off-balance-sheet resource. For boards, we offer in-depth analysis and consensus-building.
Institutions we are built to serve.
Drawing on specialists throughout Bank of America & Merrill
Mission-based social services organizations
Religious organizations
Trade & industry associations
Hospitals & health care organizations
College & secondary school endowments
Public & private foundations
Community foundations
Defined-benefit & defined-contribution plans
The people you'll actually work with.
A small, senior team with deep understanding of institutional needs — and broad experience across diverse client segments. You work directly with the principals, not a hand-off layer.
Bruce Wall
Senior Consultant
Global Institutional Consultant with deep experience across diverse institutional client segments. Named to Barron's inaugural Top 25 list alongside Dunn and Dunne.
Barron's Top 25 · 2015–2018
Kathleen Hegenbart
Senior Consultant
Brings clients broad experience across several diverse client segments. Completed the multidimensional professional assessment process for Global Institutional Consulting.
Global Institutional Consultant
Begin the conversation
Tell us about your institution.
Whether you oversee an endowment, a pension plan, a foundation or exceptional family wealth, the conversation begins the same way — with us listening. Request a consultation and a senior consultant will respond within two business days.
Office
7501 Wisconsin Ave, Bethesda MD 20814
Telephone
Hours
Mon–Fri · 8:30 AM – 5:30 PM ET
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