Who it's for
Endowments, foundations, nonprofits and other institutions whose boards or investment committees want an independent, fee-based adviser.
What we provide
- Investment Policy Statement. Drafting or reviewing the policy that sets objectives, risk limits, asset allocation and spending.
- Spending policy. Balancing today's grants and operations against the long-term purchasing power of the fund.
- Portfolio management. Implementing the policy and rebalancing as markets move.
- Monitoring and reporting. Clear reports for committee meetings, written for volunteers as well as finance professionals.
- Education. Helping new committee members understand their fiduciary role.
Fiduciary standards
Board and committee members are responsible for managing institutional funds prudently. Most states have adopted the Uniform Prudent Management of Institutional Funds Act (UPMIFA), which sets standards for how charitable endowments are invested and spent. We help committees document a sound process and follow it.
Common questions
Does the committee give up control?
No. The committee sets policy and oversees the adviser; we carry out the policy and report back.
Further reading
- A Fiduciary's Guide to Institutional Investment Management for Endowments & Foundations
- A Guide to Collective Investment Trusts: Lower Fees for Retirement Savings