The "Independent Consultants Cooperative" is a unique alliance of 18 independent investment consulting firms and State Street Bank. State Street Bank provides back office support so NEPC can keep costs down and focus on serving our clients. In turn, NEPC has access to the cutting-edge technology and powerful systems used by State Street. Client data from each consulting firm is pooled with the bank's custody client data to build the industry's largest, most robust performance universe.
The ICC provides the largest performance universe in the industry:
- 22,000 client portfolios
- 1,450 Total Funds (Investment Programs)
- $2.1 Trillion in assets
- 1,321 different money managers
- All sponsor and fund types are represented
- Consists of actual "live" plan sponsor portfolios, not mutual funds or any type of manager-supplied data such as "house" numbers or firm composites
Nelson's estimates that the ICC consults to 10% of all the assets under advisement in the U.S. As testimony to the competitive strengths of our universe, the Federal Reserve and the Employee Benefits Research Institute (EBRI) terminated their relationships with TUCS to subscribe to the ICC.
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