Client:
Local Government Pension Fund

 

Background:
The town had a longstanding relationship with an entity providing a fully bundled solution for the town’s retirement assets.

Concern:
The Finance Board wanted:

 

• Proactive investment advice

• More formal fiduciary governance

• Improved return potential

• Lower fees

• Better understanding of liabilities

 

An independent advisor was needed to help guide the town toward the new approach.

 

Resolution:
FIA was selected as their advisor to render our full suite of investment advisory services, including:

 

• Portfolio Diagnostic Review

• Investment Policy Statement Review/Development

• Asset Allocation Planning and Development

• Investment Manager Due Diligence & Selection

• Portfolio Construction/Manager Fee Negotiation

• Portfolio Performance Monitoring

 

Ongoing Success:
The end result:

 

• A proactive approach to asset allocation advice

• Cost savings

• Improved fiduciary governance process
• Best in class institutional investment managers