About Us
Board Insights LLC was formed in 2022 based on lessons learned from Funston Advisory Services’ consulting experience with U.S. public retirement systems of all sizes and circumstances with a combined AUM of almost $3 trillion.
Board Insights Mission Statement - Transform the dialogue
KEY VALUES FOR BOARD INSIGHTS
1. Efficiency
Highest and Best Use of Limited Time: Prioritize and streamline board members' efforts by providing instant access to essential information, ensuring their limited time is used for the most impactful decisions.
2. Situational Awareness
Increased Situational Awareness: Keep board members well-informed with real-time data and analytics, offering a clear and comprehensive view of the current status and performance of investments.
3. Data-Driven Insights
Insight-Rich; Data-Informed: Integrate diverse data sources and present them in a user-friendly format, providing deep insights that drive informed and strategic decision-making.
4. Policy Alignment
Increase Policy Focus: Present key metrics and trends clearly, helping the board maintain a strong focus on policy and strategic priorities, and avoid distractions from less critical issues.
5. User Engagement
Engage Meaningfully / Intuitively / Quickly: Ensure the interface is user-friendly, allowing board members to engage with data intuitively and efficiently, facilitating quicker understanding and action.
6. Consensus Building
Accelerate Board/Executive Consensus Building: Provide a shared, transparent view of data to foster alignment and accelerate consensus-building among board members and executives.
7. Compliance and Accountability
Demonstrate Diligence / Compliance: Support the demonstration of diligence and compliance by offering a clear audit trail and comprehensive documentation of decision-making processes.
8. Strategic Empowerment
Empower Strategic Decisions: Equip board members with the necessary tools and insights to make more informed, timely, and strategic decisions, enhancing overall governance effectiveness and organizational performance.
By adhering to these key values, Board Insights ensures that the Board's Eye View Investment Portal remains an essential tool for enhancing governance, strategic discussions, and decision-making processes for board members and executives.
Our Team
Rick Funston
Founder & CEO
Rick is the Chief Executive Officer of Funston Advisory Services LLC (FAS) www.funstonadv.com. FAS is recognized as one of the nation's preeminent advisors to public retirement systems in the areas of governance, operations and risk intelligence. He is also the CEO of Board Smart LLC, a Governance eLearning Resource for pension trustees and executives.
Randall Miller
COO
Randy Miller has been Chief Operating Officer of Funston Advisory Services LLC (FAS) since its founding in 2010. He has been a leader of our fiduciary and operations reviews and is an expert in public retirement system governance. He leads FAS InGov™ peer benchmarking for public retirement systems. He has co-authored a number of white papers on the topics of public pension fund governance, operations and risk. He has extensive experience in planning and conducting complex reviews and improvement programs in large organizations.
Bernie Gallagher
My professional journey bridges both private and public sectors, navigating market forces and competition in the former, and efficiently providing essential services in the latter. Over the last 15 years I have developed specialized expertise that involves understanding how retirement plans are designed, administered, and funded, as well as the legal, financial, and actuarial aspects that affect retirement benefits. Drawing from these experiences, I now lead a consultancy providing guidance to national, state, and local-level retirement systems stakeholders.
Bernie Gallagher was a Senior Policy Analyst with the State Fiscal Policy team at the Center for Budget and Policy Priorities. In this role, he supported a network of 43 independent, nonprofit research organizations on state public pension issues and a collective of other state fiscal policy issues.
Prior to joining CBPP, Bernie worked as a Senior Budget & Policy Advisor for the Democratic staff of the Pennsylvania House of Representatives’ Appropriations Committee. In addition to this role, he served as a trustee designee for Pennsylvania's two statewide retirement systems. Preceeding that, Bernie served as nonpartisan budget staff for the Joint Budget Committee of the Colorado General Assembly.
Bernie earned his undergraduate degree in Industrial & Organizational Psychology from Penn State University, his master’s degree in Management from Regis University, and has a variety of pension-specific training on institutional investing and governance at the Kennedy School of Government at Harvard University, Haas School of Business at UC-Berkeley, and the International Centre for Pension Management at the University of Toronto, Rotman School of Business.
