Investment Policy Statements

• Annual review of existing IPS to address any desired changes.
• Development of new Investment Policy Statement, if appropriate.
• Design and implementation of Emerging and Diverse Manager Investment Policy and Investment Solutions.

Asset Allocation Studies

• Asset allocation studies including both Mean-Variance and Monte Carlo simulation as required, addressing the possible inclusion of new asset classes or to view the impact of Spending Policy on the total portfolio over time.
• We allow your IPS, spending needs and goals to guide, our asset optimization and analysis modeling methodologies that include a set of sound capital market assumptions for returns using CAPM, implied returns, Bayesian analysis (including Black-Litterman), and custom forecasts.

Investment Manager Due Diligence, Searches and Selection

• Investment Manager/Mutual Fund searches as required, replacing existing investment managers or retaining managers for new asset assignments.
• Managers are evaluated using our three-factor model: performance, firm capacity (including people) and growth in assets.

Portfolio Monitoring

• Analysis of total portfolio performance against a customized capital markets benchmark.
• Analysis of performance of existing investment managers against appropriate Capital Market Indices (passive) and Peer Group Indices (active).
• Quarterly portfolio performance report and client meeting providing analysis of both the total portfolio and retained investment managers against appropriate passive indices and active peer group benchmarks.
• Annual review of costs associated with the management of the portfolio, to include investment managers, consultant, and custodian fees.
• Review and negotiation of custodian services and fees and custodial searches as appropriate.