When we were initially retained by a municipal pension fund, we began our professional relationship by evaluating their asset allocation and expenses. Our strategy was to enhance their return through tactical allocation and monitoring, eliminate custodial fees and customize the reporting to make it more comprehensible.

One key decision was to run the pension plan as if it was corporate money instead of public money. Often, there isn’t accountability for fees because it is viewed as “public” money. Our opinion is that expenses should be viewed as an investment and that they are only justified where they can add value. Otherwise, they should be reduced to as little as possible.

At the same time, our priority was to generate a return on investment that is more aligned with the expectations of company executives and their shareholders. By maintaining this corporate mindset, our plan was to bolster our client’s portfolio and help preserve wealth through a conservative investment approach that included a diversity of asset classes.

There is no assurance that any investment strategy will be successful. Investing involves risk and investors may incur a profit or a loss. Asset allocation and diversification do not ensure a profit or protect against a loss. Past performance is not indicative of future results.
The experiences listed here may not be representative of the experience of all clients and may not be indicative of future performance or success.