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FOR IMMEDIATE RELEASE
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Patrick W. Fowler, TSG: 732-873-5700
TSG Recognized as a Veteran Owned Business
Somerset, NJ — October 1, 2025 — The Spaulding Group (TSG), the investment performance measurement industry’s leading verification, consulting, conference, training, and publishing firm, is proud to announce its official recognition by the United States federal government as a Veteran Owned Business.
TSG’s founder, CEO, and majority shareholder, David D. Spaulding, DPS, CIPM, spent nearly five years on active duty with the Field Artillery branch of the United States Army, rising to the rank of Captain. He was commissioned through the Reserve Officers’ Training Corps (ROTC) while earning his B.A. in mathematics from Temple University. After attending the Field Artillery Officers’ Basic Course at Ft. Sill, Oklahoma, he served with the 25th Infantry Division in Hawaii, initially as a Forward Observer, later as his battery’s Assistant Executive Officer/Fire Direction Officer, and finished his tour as his battalion’s Air Defense Officer. Ironically, perhaps, he also served the Division as a member of the Inspector General’s office, conducting inspections not unlike GIPS® verifications. He later returned to Ft. Sill where he spent a year as an Operations Research Analyst.
While TSG has been “veteran owned” since it was founded in 1990, it has only recently been recognized as such by the U.S. government.
“I was very proud to serve our nation,” said David Spaulding. “My first wife and I were fortunate to be stationed in Hawaii for 39 months, followed by a year in Oklahoma. I went on active duty while the Vietnam War was still going on, but at a point when the United States was pulling out, so the prospect of going there was quite slim. I benefitted in many ways from my service, learned a great deal, and was given a lot of responsibility for a young man. I am grateful for the opportunities this provided me.”
Three of TSG’s shareholders are women: Ashley Reeves, CIPM; Jennifer Barnette, CIPM; and Linda Burk. The firm’s president, Patrick Fowler, is another shareholder, and served in the New Jersey Army National Guard. Other shareholders are Christopher Spaulding (who was born in Oklahoma when David was stationed there with his late wife, Betty); John Simpson, CIPM; and Douglas Spaulding.
About TSG
With offices across the United States, and now in Canada, TSG is the leader in providing investment performance measurement information, through its products and services. TSG provides consulting along with GIPS® and non-GIPS verification services; offers unique and proprietary Software Certification and Operation Review services; publishes The Journal of Performance Measurement®, a quarterly publication launched in 1996; and hosts the Performance Measurement Forum. The firm also sponsors the annual Performance Measurement, Attribution and Risk (PMAR) North America and Europe conferences. TSG’s Institute of Performance Measurement offers in-person and online performance measurement training, including both performance fundamentals and attribution courses, and a class on portfolio risk. TSG is proud to have been the creator of Women in Performance Measurement (WiPM), a business resource for women by women to network, share, and learn together. For more information visit, TSGPerformance.com.
GIPS® is a registered trademark owned by CFA Institute. CFA Institute does not endorse or promote this organization, nor does it warrant the accuracy or quality of the content contained herein.