Federated Hermes Inc (NYSE: FHI) is an asset management company that sponsors, distributes, and manages investment funds and separate accounts across equity, fixed income, money market, and alternative strategies. Revenue is generated primarily through investment advisory and administrative fees calculated as a percentage of assets under management. The company lists its Class B common stock on the New York Stock Exchange and, based on the 10-K filed 2026-02-27, operates as a well-known seasoned issuer under SEC rules. The filing references consolidated subsidiaries operating under the Federated Hermes name. Specific AUM figures, segment revenue breakdowns, and geographic revenue splits are not fully extractable from the provided filing excerpts, so those details are omitted here.

Revenue model

Fee-based revenue tied to assets under management, including investment advisory fees and fund administration fees. Fee rates vary by product type and asset class.

Products and services

Mutual funds and separate accounts across money market, equity, fixed income, and alternative asset classes, managed under the Federated Hermes brand.

Customers and end markets

Institutional and retail investors accessing funds through intermediary distribution channels. Specific customer concentration data is not supported by the provided excerpts.

Value-chain role

Asset manager and fund sponsor sitting between capital markets and end investors, responsible for portfolio management, fund administration, and distribution.

Geographic exposure

Registered in the United States and listed on the New York Stock Exchange. International operations exist under the Hermes brand but specific geographic revenue splits are not supported by the provided excerpts.

Source: SEC 10-K, filed 2026-02-27

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