Success Story

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