Federated Hermes
- Company typePublic
- Founded1955
- HeadquartersPittsburgh, United States
- Headcount1,001–5,000
- GTM typeB2B
- OfferingServices
Federated Hermes firmographics
Firmographics- Name
- Federated Hermes
- Legal name
- Federated Hermes, Inc.
- Website
- https://federatedhermes.com
- Company type
- Public
- Founded year
- 1955
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Ownership category
- akta.pro rank
Federated Hermes industry classification
Industry- Product category
- Asset Management
- NAICS
- Portfolio Management and Investment Advice (523940), Open-End Investment Funds (525910)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- Managed Account Platforms (Separately Managed Accounts / Customized Portfolios) (FSAHAKAC)
Keywords
Where Federated Hermes is headquartered
LocationHeadquarters
- HQ city
- Pittsburgh
- HQ country
- United States
- HQ region
- North America
Offices5 records
Markets served
Federated Hermes business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure
Revenue model
- Asset Management Fees: Management fees charged as a percentage of assets under management across money market funds, fixed income, equity, and alternative investment strategies. Fees vary by product type and client size.
- Investment Advisory Services: Advisory fees for separately managed accounts and institutional mandates, typically based on AUM percentage
- Distribution and Service Fees: Revenue from fund distribution, shareholder services, and other operational fees
- Performance Fees: Carried interest and performance-based fees from alternative investment products including private equity, real estate, and hedge fund strategies
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Federated Hermes Ultrashort Bond ETF (FUSD) - 0.18% net expense ratio |
| Subscription | Annual | Federated Hermes International Leaders ETF (FHIL) - 0.48% net expense ratio |
| Subscription | Annual | Money Market Funds - Variable expense ratios based on fund size and share class |
Go-to-market motion3 records
Distribution channels5 records
Marketing channels6 records
Federated Hermes product offering
Product offeringCore offering
Federated Hermes is a global investment management firm that provides equity, fixed-income, money market/liquidity, and alternative investment solutions to institutional investors, financial advisors, and intermediaries. The firm manages $907.1 billion in assets under management across mutual funds, ETFs, closed-end funds, separately managed accounts, institutional separate accounts, private markets, and digital asset treasury funds.
Product overview
Federated Hermes operates as a diversified asset management firm offering a comprehensive suite of investment products including mutual funds, exchange-traded funds (ETFs), closed-end funds, separately managed accounts, and private markets strategies. The firm's product architecture includes equity strategies (such as MDT Mid Cap Growth Fund and MDT All Cap Core Fund), fixed income solutions (including the Ultrashort Bond ETF and Corporate Bond Strategy Portfolio), liquidity management products (money market funds including the GENIUS Act-compliant Digital Treasury Fund), and alternative investments (through the acquired FCP real estate platform). The company also offers tax-aware strategies through its partnership with Franklin Templeton's Canvas platform. As of March 2026, Federated Hermes manages $907.1 billion in total assets under management across over 11,000 institutional and intermediary clients worldwide.
Differentiator
Problem solved
Functional benefit
Brands
- MDT Advisers: Quantitative investment management platform using proprietary machine-learning processes to evaluate companies
- Hermes Investment Management
- MDT
Products and services
- MDT All Cap Core Fund
Quantifiable outcome
- MDT Mid Cap Growth Fund outperformed 99.6% of peer funds over 5 years
- +2 more outcomes
Companies that use Federated Hermes
Customer profileNamed customers5 records
Segments4 records
Ideal customer profiles4 records
Federated Hermes technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability1 record
Feature3 records
Federated Hermes partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core.
- Franklin Templeton (Canvas P3)coreFranklin Templeton's Canvas platform launched a Preferred Partner Program (P3) enabling third-party asset managers including Federated Hermes to offer tax-managed versions of their proprietary investment strategies with systematic tax overlay capabilities. The program provides features including tax-loss harvesting, tax-aware transitions, and after-tax reporting at the individual account level.
- BNY MelloncoreJoint launch of tokenized money market fund infrastructure as part of BNY and Goldman Sachs system integrating money market fund subscriptions on both platforms simultaneously. BNY handles custody and investor access through LiquidityDirect, with blockchain layer via GS DAP.
- Goldman Sachs Asset ManagementcoreGoldman Sachs runs the blockchain layer via GS DAP for tokenized money market fund initiative alongside BNY, BlackRock, Fidelity Investments, Federated Hermes, and BNY Investments Dreyfus.
- BlackRockcoreBlackRock participates in tokenized money market fund initiative alongside BNY, Goldman Sachs, and Federated Hermes.
- Fidelity InvestmentscoreFidelity Investments participates in tokenized money market fund initiative as part of industry-wide adoption of tokenized fund products.
Scale indicators9 records
Recent moves6 records
Expansion highlights6 records
Federated Hermes competitors and assessment
Company assessmentDirect peers
- Invesco: Diversified active asset manager offering mutual funds, ETFs (including QQQ), and institutional SMAs across equity, fixed income, and alternatives. Closely comparable in product mix, distribution model, and active-management heritage.
- Franklin Resources (Franklin Templeton): Multi-asset active manager with mutual funds, ETFs, and alternatives. Direct competitor in equity, fixed income, and multi-asset strategies, and a current distribution partner via the Canvas P3 platform.
- T. Rowe Price: Active asset manager with strong institutional retirement and intermediary distribution, mirroring Federated Hermes' institutional client focus and active equity/fixed-income product suite.
- Victory Capital: Multi-boutique active manager with shared franchise and ETF offerings, comparable in active-equity heritage, intermediary distribution, and multi-affiliate model.
- Virtus Investment Partners: Multi-boutique active asset manager offering mutual funds, ETFs, and SMAs across equity and fixed income. Comparable in scale, distribution via intermediaries, and active-management heritage.
- Cohen & Steers: Specialty active manager focused on real assets and income strategies, comparable to the alternatives/real estate expansion at Federated Hermes through FCP and Hermes Infrastructure.
- Artisan Partners: High-conviction active equity and fixed-income manager distributed primarily through intermediaries, comparable in active management DNA and advisor-focused distribution.
- WisdomTree: ETF-focused asset manager with active and thematic strategies, comparable in ETF wrapper expansion (FUSD, FHIL) and product innovation in differentiated equity and fixed-income exposures.
Broad incumbents
- BlackRock: Largest global asset manager, leading ETF franchise (iShares), and co-developer with Federated Hermes in the tokenized money market initiative. Operates across the full asset management stack at much greater scale.
- Nuveen (TIAA): Large-scale fixed-income and real-assets manager affiliated with TIAA, comparable in fixed-income and alternatives focus with strong institutional client base.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Federated Hermes social profiles
Digital presenceFederated Hermes financial estimates
Financial estimateRevenue estimate
Valuation estimate
Federated Hermes leadership team
Management profileNumber of profiles
Profiles15 records
Federated Hermes subsidiaries and ownership
Company hierarchySubsidiaries16 records
Federated Hermes funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Federated Hermes M&A and investment
M&A and investmentM&A3 records
Investments2 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Federated Hermes
What does Federated Hermes do?
Federated Hermes is a global investment management firm that provides equity, fixed-income, money market/liquidity, and alternative investment solutions to institutional investors, financial advisors, and intermediaries. The firm manages $907.1 billion in assets under management across mutual funds, ETFs, closed-end funds, separately managed accounts, institutional separate accounts, private markets, and digital asset treasury funds.
Is Federated Hermes a public or private company?
Federated Hermes is a public company. It is classified as public and is currently operating.
When was Federated Hermes founded?
Federated Hermes was founded in 1955. It employs 1,001 to 5,000 people.
Where is Federated Hermes based?
Federated Hermes is headquartered in Pittsburgh, United States, in the North America region.
How does Federated Hermes make money?
Four revenue lines are on record. Asset Management Fees are the primary driver. The others are investment Advisory Services, distribution and Service Fees and performance Fees.
Who are Federated Hermes's main competitors?
Direct peers on record are Invesco, Franklin Resources (Franklin Templeton), T. Rowe Price, Victory Capital, Virtus Investment Partners, Cohen & Steers, Artisan Partners and WisdomTree. Broad incumbents are BlackRock and Nuveen (TIAA).
Does Federated Hermes have an API?
No public API is recorded for Federated Hermes.
What industry is Federated Hermes in?
Federated Hermes's product category is Asset Management. Its primary akta.pro industry code is FSAHAKAC, Managed Account Platforms (Separately Managed Accounts / Customized Portfolios). Its NAICS code is 523940 and its SIC code is 6282.