Services

Performance Evaluation and Reporting

Asset Allocation Analysis

Investment Manager Search

Custodial Searches

Transaction Monitoring

Quarterly Compliance Reporting

Master Consulting Service

 
 

 

 

Our investment consulting services are exclusive of portfolio management and are offered through two platforms, Standard and Master Consulting.  Both programs are designed to address certain aspects of the investment process including investment policy work, asset allocation reviews, investment manager searches, custodial & commission recapture searches and investment performance reporting.  However, Master Consulting Services (MCS) expands the scope of services to include portfolio compliance monitoring of all investment managers as well as written recommendations to the board of trustees.  MCS provides the framework for concise evaluation and swift decision making.

One of the most important services we provide to our clients is education.  IPS is extremely proactive in educating our clients about new investment ideas and asset classes, including the use of alternative investments.  We offer educational materials and presentations for clients on various topics including high yield bonds, real estate, international investing and hedge fund of funds.  In addition, our consultants are often public speakers at industry conferences and investment seminars.

 

 

Performance Evaluation and Reporting
The goal of our performance evaluation report is to provide a client an objective review of their Fund's investment position and results. The IPS approach is designed to assist Trustees in fulfilling their fiduciary duties, and to present the results in a manner which facilitates the decision making process.  Our performance evaluation report follows a logical sequence of analysis, moving from total Fund to investment managers to asset class.


 

 

Asset Allocation Analysis
The analysis begins with develpment of alternative portfolios based upon the IPS risk and return assumptions. The analysis takes into consideration the actuarial and financial condition of the Fund. Preparation begins with a thorough analysis utilizing dynamic optimization software. The asset allocation model utilizes expected return and risk statistics to determine what is referred to as the 'efficient frontier' of investment mix options. From the process, the Trustees gain insight to the asset allocation decision and the steps required to achieve minimum return objectives for the Fund.

 

 

 

 

Investment Guidelines and Policy Development
A statement of investment policy and investment objectives is one of the basic working documents between a Plan and its investment managers. It should be a concise statement of the Fund’s objectives and policies, providing investment managers with the information they need to know and clearly establishing the rules of the relationship with the Fund. IPS utilizes an established process in the review and development of the current policies and guidelines reflecting the actuarial, liquidity and funding requirements of the Fund. After thorough analysis, presentation of the findings allows the Trustees and Fund professionals to develop investment policies that reflect their sensitivities and document suitable alternatives for their Fund.

 

 

Investment Manager Search
IPS extensively uses the Wilshire Compass databases to track current manager performance and to search for new managers to add to our search list. IPS categorizes manager products by style and capitalization ranges. Utilizing these resources, we make specific searches for managers meeting the criteria developed by IPS.

 

 

Custodial Searches
Our firm frequently reviews the services and capabilities of custodian banks. We conduct searches for qualified candidates that closely mirror the due diligence process we require for screening investment managers. Our in-house analytical staff routinely has daily or weekly contact with many nationally or regionally known custodians as part of our performance measurement services. In this manner, we can assess the accuracy and competency of their products and client services.

 

Transaction Monitoring
As an enhanced service, the Transaction Monitoring Service tracks and analyzes, on a daily basis, all transactions which take place in a Plan's portfolios to assure the transactions are in compliance with the Plan's written policy guidelines.

 

Quarterly Compliance Reporting
On a quarterly basis, IPS can develop a comprehensive report detailing any potential violations of the Fund's investment guidelines and policy. The report is based upon the holdings at the end of quarter provided by the Plan's custodian and investment manager.

 

Master Consulting Service
This customized investment consulting program bundles all of the previously described services expanding the scope of services to structure a comprehensive relationship among the consultant, Trustees and Fund.

 

 

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