An investment committee acts on behalf of current and future clients or beneficiaries. It has a fiduciary obligation to make decisions that are in its clients’ long-term best interests.
Although there’s no perfect model for an investment committee, several characteristics are consistent among those that are successful. First and foremost, each member is committed and prepared. They review all reports and materials, and come armed with comments and questions. Steinberger Consulting can ensure these activities are occurring and also help:
- Vet investment managers for investment committee approval
- Monitor their performance and policy compliance
- Document the investment decision-making process
- Create the committee’s meeting agendas
- Provide insightful analysis and proposals
- Provide ongoing investment training to new and existing staff
- Collaborate with internal staff to develop and coordinate meeting materials
Through these efforts as well as ongoing advice and communication, you’ll maximize the committee’s operational effectiveness.