1. Setting Your Objectives

  • Understand liquidity needs
  • Assess tolerance for risk and establish time horizon
  • Review funding, spending considerations
  • Discuss preferences

2. Investment Program Design

  • Identify risk and return objectives
  • Identify asset classes
  • Set asset allocation
  • Create investment policy statement

3. Portfolio Construction

  • Conduct security and manager research
  • Construct diversified portfolios

 4. Implementation and Management

  • Evaluate securities and managers
  • Ensure continued compliance with investment guidelines

5. Continuous Evaluation and Dialogue

  • Canvas the market for new ideas
  • Monitor changing trends, market conditions and legislation
  • Communicate and dialogue