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As we have worked with trustees from various institutions, we have discovered several common concerns. Primary among these are the evaluation and selection of advisors, maintaining fiduciary oversight and due diligence, and performance consolidation and monitoring.
Institutional Consulting Services
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Evaluation and Selection of Advisors
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- Discover goals and objectives of trustees
- Develop Investment Policy Statement guided by goals
- Develop RFP guided by Investment Policy Statement
- Send RFPs to current and recommended advisors
- Evaluate each proposal submission
- Report to trustees with summary of each proposal
- Recommendation for next steps
- Coordinate finalist selection process
- Recommend complementary advisors to trustees
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Fiduciary Oversight and Due Diligence
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- Monthly evaluation of advisor trading activity
- Monthly evaluation of holdings and IPS compliance
- Independent fee evaluations at all levels of portfolio
- Quarterly performance evaluation at the advisor, manager, and consolidated portfolio level
- Quarterly discussions with advisors
- Ongoing evaluation of IPS
- Ongoing evaluation of advisors ability to satisfy goals
- Ongoing education for trustees and staff
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Performance Monitoring and Consolidation
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- Quarterly report to trustees
- Consolidated performance reporting at the advisor, manager, and consolidated portfolio level
- Sector and holdings attribution analysis
- IPS comparisons at the aggregate fund and advisor level
- Consolidated cash flow reporting
- Summary of manager changes made by advisors
- Executive summary and evaluation
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