You've been entrusted with managing someone else's money. As a Fiduciary, the most critical responsibility you have is to manage the prudent investment process. At Personal Wealth Management, we are dedicated to helping you doing just that. Click here to view our video.
Whether you are an investment committee member, trustee, or board member, as an investment steward, you share in the legal responsibility for managing investment decisions.
- What guidelines do you follow?
- What types of investments are acceptable?
- How do you define investment success?
Courts have ruled that fiduciary responsibilities are equivalent to those of a professional investor and if a fiduciary breaches his or her duties, they many be held personally liable.
The legislation that enforces this fiduciary standard of care are as follows:
UPMIFA – Uniform Prudent Management of Institutional Funds Act (impacts foundations, endowments, and government-sponsored charitable institutions)
UPIA – Uniform Prudent Investor Act (impacts private trusts)
Many fiduciaries are ill-equipped to deal with these challenges:
- Do you have the investment expertise?
- Are you feeling pressure from the board?
- Do you know the legal standards fiduciaries are held to?
- Are there conflicts of interests and self entitlements within your organization?
Why hire Personal Wealth Management?
- Adherence to rules
- Reduce fiduciary liability
- Eliminate potential conflicts of interest
- Provide for effective and efficient investment portfolios
- Make asset allocation changes focusing on downside risk protection
What does Personal Wealth Management bring to the table?
Over 125 years of combined specialized investment management experience providing independent and unbiased advice.
We can provide the knowledge and ability to implement appropriate policies and procedures to manage to the fiduciary standard of care.
By hiring Personal Wealth Management, we will help you satisfy and adhere to the seven common practices known as “Global Fiduciary Precepts”. They are:
- Know standards, laws, and trust provisions
- Diversify assets to specific risk/return profile of client.
- Prepare Investment Policy Statement.
- Use “prudent experts” (for example, an investment manager) and document due diligence.
- Control and account for investment expenses.
- Monitor the activities of “Prudent Experts”.
- Avoid conflicts of interest and prohibited transactions
How to get started
Personal Wealth Management offers the following services:
Assessment defines how well an investment steward meets the Global Fiduciary Standard of Excellence as defined by the Prudent Practices for Investment Stewards handbook.
Our assessment services cover the following:
- Ensure appropriate documentation is maintained
- Review asset allocation strategies
- Review due diligence procedures
- Spending needs analysis
- Donor Restricted Funds report
- Comprehensive expense analysis
Investment consulting services
This four step process was established to help board members manage the money for which they’ve been entrusted.
Identifying Financial Objectives – We believe realistic investment objectives combined with the flexibility to make mid-course adjustments can, in the long run, assist your organization in meeting its goals and objectives.
Determining Asset Allocation – A disciplined methodology is essential in implementing an effective and efficient asset allocation strategy. Based on your IPS, we will work with you to design an asset allocation strategy that is tailored to your organization’s needs.
Manager Evaluation and Selection – Quantitative and Qualitative factors are considered. Quantitatively, performance is evaluated on an absolute and risk-adjusted basis over multiple time periods. Qualitatively, our goal is to safeguard you from investment processes lacking vigor, definition or implementation.
Portfolio Monitoring and Reporting – The portfolio review addresses the question “Are the goals and objectives of the organization being met?
If you’re curious to learn more about how our services can help address your concerns, please call today. Contact Jamie Weil or Jim Montalto at (866) 493-8982 or contact us by e-mail at Jamie.firstname.lastname@example.org or James.email@example.com