A Higher Standard of Care.

Board of Trustees & Corporate Board of Directors have a fiduciary duty to ensure a process exists to invest prudently & mitigate risk.  In the Institutional world, prudence is process, not performance.

Governing Boards may be under scrutiny from:

  • their beneficiaries
  • their donors (e.g. Endowments and Foundations)
  • their shareholders (e.g. Corporations)
  • their regulators
  • the general public
  • the Government (Municipal, Provincial or Federal)
Absence of process may lead to breach of duty & potential liability.Organizations may be subject to legislation and scrutiny by regulators.Foundations are governed by the Trustees Act in their respective Province.

How We Work with Fiduciaries.

  • IPS Development
  • Asset Allocation Decision
  • Strategy Development
  • Manager Analysis
  • Performance Measurement
  • Ongoing Monitoring & Review
  • Understand the Organization & its Governance Structure
  • Understand Funding & Endowment Arrangements
  • Understand the role of the Committee, their functions & accountability
  • Understand Spending Policy
  • Investment Objectives & Risk Tolerance
  • Results & Implications of Asset mix
  • Recommend Appropriate Investment Structure
  • Manager Search & Due Diligence
  • Custodial Functions
  • Transition Strategy Planning
  • Reporting
  • Reviews Managers, IPS, Spending Policy, Strategy, Rebalancing
  • Formal Meetings
  • Fee Analysis
  • Education & Communication
  • Ongoing Maintenance