[{"data":1,"prerenderedAt":149},["ShallowReactive",2],{"gql:data:HX0eS-5Y8EDYZWWqkCQZONyy9fr-VmhwQE6JbfDzbnY":3},{"mediaItem":4},{"relatedItems":5,"date":82,"derivedSeoDescription":13,"derivedSeoTitle":83,"derivedSocialMediaDescription":13,"derivedSocialMediaImage":84,"derivedSocialMediaTitle":83,"flexComponents":96,"author":9,"title":119,"byline":120,"shortDescription":9,"tileImage":121,"mediaFormat":130,"mediaFocuses":132,"teamMember":134},[6,44,64],{"title":7,"byline":8,"shortDescription":9,"slug":10,"featuredImage":11,"tileImage":23,"mediaFormat":34,"mediaFocuses":36,"date":43},"Outlook and Insights Third Quarter 2026","By Ferguson Wellman","","outlook-and-insights-third-quarter-2026",{"id":12,"alt":9,"caption":13,"assetUrl":14,"assetUrlXs":15,"assetUrlSm":16,"assetUrlMd":17,"assetUrlLg":18,"assetUrlXl":19,"assetUrlXxl":20,"width":21,"height":22},"1848",null,"https://www.fergusonwellman.com/system/uploads/fae/image/asset/1848/Screenshot_2026-07-08_at_9.46.24_AM.png","https://www.fergusonwellman.com/system/uploads/fae/image/asset/1848/xs_Screenshot_2026-07-08_at_9.46.24_AM.png","https://www.fergusonwellman.com/system/uploads/fae/image/asset/1848/sm_Screenshot_2026-07-08_at_9.46.24_AM.png","https://www.fergusonwellman.com/system/uploads/fae/image/asset/1848/md_Screenshot_2026-07-08_at_9.46.24_AM.png","https://www.fergusonwellman.com/system/uploads/fae/image/asset/1848/lg_Screenshot_2026-07-08_at_9.46.24_AM.png","https://www.fergusonwellman.com/system/uploads/fae/image/asset/1848/xl_Screenshot_2026-07-08_at_9.46.24_AM.png","https://www.fergusonwellman.com/system/uploads/fae/image/asset/1848/xxl_Screenshot_2026-07-08_at_9.46.24_AM.png",1622,2108,{"id":24,"alt":9,"caption":13,"assetUrl":25,"assetUrlXs":26,"assetUrlSm":27,"assetUrlMd":28,"assetUrlLg":29,"assetUrlXl":30,"assetUrlXxl":31,"width":32,"height":33},"1847","https://www.fergusonwellman.com/system/uploads/fae/image/asset/1847/NoCat_Blog.jpg","https://www.fergusonwellman.com/system/uploads/fae/image/asset/1847/xs_NoCat_Blog.jpg","https://www.fergusonwellman.com/system/uploads/fae/image/asset/1847/sm_NoCat_Blog.jpg","https://www.fergusonwellman.com/system/uploads/fae/image/asset/1847/md_NoCat_Blog.jpg","https://www.fergusonwellman.com/system/uploads/fae/image/asset/1847/lg_NoCat_Blog.jpg","https://www.fergusonwellman.com/system/uploads/fae/image/asset/1847/xl_NoCat_Blog.jpg","https://www.fergusonwellman.com/system/uploads/fae/image/asset/1847/xxl_NoCat_Blog.jpg",700,330,{"name":35},"Annual Reports and Publications",[37,40],{"name":38,"slug":39},"Our Investment Views","our-investment-views",{"name":41,"slug":42},"Wealth Management Insights","wealth-management-insights","2026-07-01",{"title":45,"byline":46,"shortDescription":47,"slug":48,"featuredImage":49,"tileImage":51,"mediaFormat":60,"mediaFocuses":62,"date":43},"AI to the Rescue","By George Hosfield, CFA","At the close of the first quarter, the capital markets were digesting an array of economic shocks. ","ai-to-the-rescue",{"id":50,"alt":9,"caption":13,"assetUrl":13,"assetUrlXs":13,"assetUrlSm":13,"assetUrlMd":13,"assetUrlLg":13,"assetUrlXl":13,"assetUrlXxl":13,"width":13,"height":13},"1857",{"id":52,"alt":9,"caption":13,"assetUrl":53,"assetUrlXs":54,"assetUrlSm":55,"assetUrlMd":56,"assetUrlLg":57,"assetUrlXl":58,"assetUrlXxl":59,"width":32,"height":33},"1856","https://www.fergusonwellman.com/system/uploads/fae/image/asset/1856/BlogInvestment.jpg","https://www.fergusonwellman.com/system/uploads/fae/image/asset/1856/xs_BlogInvestment.jpg","https://www.fergusonwellman.com/system/uploads/fae/image/asset/1856/sm_BlogInvestment.jpg","https://www.fergusonwellman.com/system/uploads/fae/image/asset/1856/md_BlogInvestment.jpg","https://www.fergusonwellman.com/system/uploads/fae/image/asset/1856/lg_BlogInvestment.jpg","https://www.fergusonwellman.com/system/uploads/fae/image/asset/1856/xl_BlogInvestment.jpg","https://www.fergusonwellman.com/system/uploads/fae/image/asset/1856/xxl_BlogInvestment.jpg",{"name":61},"Articles",[63],{"name":38,"slug":39},{"title":65,"byline":66,"shortDescription":9,"slug":67,"featuredImage":68,"tileImage":70,"mediaFormat":79,"mediaFocuses":80,"date":43},"Inside the Cloud","By Joe Herrle, CFA, CAIA","inside-the-cloud",{"id":69,"alt":9,"caption":13,"assetUrl":13,"assetUrlXs":13,"assetUrlSm":13,"assetUrlMd":13,"assetUrlLg":13,"assetUrlXl":13,"assetUrlXxl":13,"width":13,"height":13},"1862",{"id":71,"alt":9,"caption":13,"assetUrl":72,"assetUrlXs":73,"assetUrlSm":74,"assetUrlMd":75,"assetUrlLg":76,"assetUrlXl":77,"assetUrlXxl":78,"width":32,"height":33},"1861","https://www.fergusonwellman.com/system/uploads/fae/image/asset/1861/BlogInvestment.jpg","https://www.fergusonwellman.com/system/uploads/fae/image/asset/1861/xs_BlogInvestment.jpg","https://www.fergusonwellman.com/system/uploads/fae/image/asset/1861/sm_BlogInvestment.jpg","https://www.fergusonwellman.com/system/uploads/fae/image/asset/1861/md_BlogInvestment.jpg","https://www.fergusonwellman.com/system/uploads/fae/image/asset/1861/lg_BlogInvestment.jpg","https://www.fergusonwellman.com/system/uploads/fae/image/asset/1861/xl_BlogInvestment.jpg","https://www.fergusonwellman.com/system/uploads/fae/image/asset/1861/xxl_BlogInvestment.jpg",{"name":61},[81],{"name":38,"slug":39},"2025-07-03","Resources | A Long, Evolving History with Institutional Clients | Ferguson Wellman",{"id":85,"alt":86,"caption":13,"assetUrl":87,"assetUrlXs":88,"assetUrlSm":89,"assetUrlMd":90,"assetUrlLg":91,"assetUrlXl":92,"assetUrlXxl":93,"width":94,"height":95},"6","Ferguson Wellman Logo","https://www.fergusonwellman.com/system/uploads/fae/image/asset/6/FW-OpenGraph_2x.jpg","https://www.fergusonwellman.com/system/uploads/fae/image/asset/6/xs_FW-OpenGraph_2x.jpg","https://www.fergusonwellman.com/system/uploads/fae/image/asset/6/sm_FW-OpenGraph_2x.jpg","https://www.fergusonwellman.com/system/uploads/fae/image/asset/6/md_FW-OpenGraph_2x.jpg","https://www.fergusonwellman.com/system/uploads/fae/image/asset/6/lg_FW-OpenGraph_2x.jpg","https://www.fergusonwellman.com/system/uploads/fae/image/asset/6/xl_FW-OpenGraph_2x.jpg","https://www.fergusonwellman.com/system/uploads/fae/image/asset/6/xxl_FW-OpenGraph_2x.jpg",1200,630,[97,101,116],{"instance":98},{"__typename":99,"body":100},"MediaPageTextComponent","In 1975, the founders of Ferguson Wellman saw an opportunity to manage money for workers, setting the stage for a 50-year, evolving relationship with our institutional clients.\r\n\r\nOn September 2, 1974, President Ford signed the Employee Retirement Income Security Act (ERISA). Our founders often reference this act as one of the catalysts for starting our firm. ERISA was designed to help Americans save for retirement and provide protections to workers regarding the funding of employer plans.  \r\n\r\nOur three founders left the brokerage business to become registered investment advisers (RIAs). This business approach provided more options for retirement plans using a fee-based model, rather than commissions, to construct client portfolios. This model was thought to better align the fiduciary responsibility of investment firms by acting in the best interest of clients‘ financial needs.  \r\n\r\nIn the 1970s and 1980s, retirement funds, corporate reserves, nonprofit foundations and endowments represented 75% of Ferguson Wellman’s total assets. As the firm built relationships with institutions throughout the West, trustees and their families began to hire our team to manage their personal assets. Today, Ferguson Wellman and West Bearing manage $2.2 billion for 125 institutional clients. ",{"instance":102},{"__typename":103,"image":104,"videoId":9,"caption":115},"MediaPageImageOrVideoWithCaptionComponent",{"id":105,"alt":9,"caption":13,"assetUrl":106,"assetUrlXs":107,"assetUrlSm":108,"assetUrlMd":109,"assetUrlLg":110,"assetUrlXl":111,"assetUrlXxl":112,"width":113,"height":114},"1146","https://www.fergusonwellman.com/system/uploads/fae/image/asset/1146/PresidentFordSigningERISA.webp","https://www.fergusonwellman.com/system/uploads/fae/image/asset/1146/xs_PresidentFordSigningERISA.webp","https://www.fergusonwellman.com/system/uploads/fae/image/asset/1146/sm_PresidentFordSigningERISA.webp","https://www.fergusonwellman.com/system/uploads/fae/image/asset/1146/md_PresidentFordSigningERISA.webp","https://www.fergusonwellman.com/system/uploads/fae/image/asset/1146/lg_PresidentFordSigningERISA.webp","https://www.fergusonwellman.com/system/uploads/fae/image/asset/1146/xl_PresidentFordSigningERISA.webp","https://www.fergusonwellman.com/system/uploads/fae/image/asset/1146/xxl_PresidentFordSigningERISA.webp",801,488,"President Ford Signing ERISA, 1974. Source: Pension Benefit Guaranty Corporation",{"instance":117},{"__typename":99,"body":118},"**Our Institutional Offerings**\r\n\r\n* Analysis of past market activity and economic trends\r\n* Investment policy statements development\r\n* Portfolio construction and asset allocation strategies\r\n* Plans for cash flow/operating fund contingencies\r\n* Grants and capital campaign investments and distribution\r\n* Investment education and philanthropic resources\r\n* Institutional knowledge and guidance for new trustees\r\n\r\nThe institutional side of our business is very different from how we serve individuals and families—and the institutional category is also varied. They range from union pension plans and community colleges to cemeteries, social services and stewardship organizations, to name a few.  \r\n\r\n2025 has been a unique year for many of our institutional clients. In June, our firm invited nonprofit clients and leaders from boards we serve on to discuss recent executive orders, budget cuts and Supreme Court rulings. Colleagues Jim Coats and Mary Lago, CFP®, CFTA, led discussions with Erin Zollenkopf from SM Jones & Co. and Penny Serrurier from Stoel Rives. Their work with nonprofits helped set the stage for a productive conversation with regional executives on how to navigate uncertainty and stay focused on their respective mission and long-term goals.\r\n\r\n[Disclosures](/disclosures/) ","A Long, Evolving History with Institutional Clients","By Jason Norris, CFA",{"id":122,"alt":9,"caption":13,"assetUrl":123,"assetUrlXs":124,"assetUrlSm":125,"assetUrlMd":126,"assetUrlLg":127,"assetUrlXl":128,"assetUrlXxl":129,"width":32,"height":33},"1144","https://www.fergusonwellman.com/system/uploads/fae/image/asset/1144/BlogInvestment.jpg","https://www.fergusonwellman.com/system/uploads/fae/image/asset/1144/xs_BlogInvestment.jpg","https://www.fergusonwellman.com/system/uploads/fae/image/asset/1144/sm_BlogInvestment.jpg","https://www.fergusonwellman.com/system/uploads/fae/image/asset/1144/md_BlogInvestment.jpg","https://www.fergusonwellman.com/system/uploads/fae/image/asset/1144/lg_BlogInvestment.jpg","https://www.fergusonwellman.com/system/uploads/fae/image/asset/1144/xl_BlogInvestment.jpg","https://www.fergusonwellman.com/system/uploads/fae/image/asset/1144/xxl_BlogInvestment.jpg",{"name":61,"slug":131},"articles",[133],{"name":38,"slug":39},{"fullName":135,"title":136,"slug":137,"image":138},"Jason Norris, CFA","Director","jason-norris",{"id":139,"alt":140,"caption":13,"assetUrl":141,"assetUrlXs":142,"assetUrlSm":143,"assetUrlMd":144,"assetUrlLg":145,"assetUrlXl":146,"assetUrlXxl":147,"width":148,"height":148},"264","Headshot of Jason Norris","https://www.fergusonwellman.com/system/uploads/fae/image/asset/264/Norris_Jason.jpg","https://www.fergusonwellman.com/system/uploads/fae/image/asset/264/xs_Norris_Jason.jpg","https://www.fergusonwellman.com/system/uploads/fae/image/asset/264/sm_Norris_Jason.jpg","https://www.fergusonwellman.com/system/uploads/fae/image/asset/264/md_Norris_Jason.jpg","https://www.fergusonwellman.com/system/uploads/fae/image/asset/264/lg_Norris_Jason.jpg","https://www.fergusonwellman.com/system/uploads/fae/image/asset/264/xl_Norris_Jason.jpg","https://www.fergusonwellman.com/system/uploads/fae/image/asset/264/xxl_Norris_Jason.jpg",1500,1783541866704]