Investment Manager Evaluation Criteria

We developed a number of criteria to evaluate and determine which company and team we were going to place our business with.

Company considerations
 

Criteria

Description

Capabilities

Estate and trust planning, equity, fixed income, alternative investments, trading. Investment research.

Access

To information, knowledge and experience.

Focus

Private client, retail client, institutional.

Platforms

Investment products. Exchange funds, collars, margin loans.

Reputation

General reputation and standing in the industry.

Fees

How much it costs to do things.

Background

Company age, office locations, number of employees, revenue, assets under management, culture, principles.

 

Team considerations

 

Criteria

Description

Capabilities

Estate and trust planning, equity, fixed income, alternative investments, trading.

Access

To information, knowledge and experience. Relative size and significance of team to the company.

Interactions

Between team members, with other advisors and with ourselves. Ability to communicate and support thoughts and opinions. Ability to teach and educate.

Thinking

Dealing with and adapting to new situations, synthesizing new thoughts from new or incomplete information. Organization.

Knowledge

Breadth and depth. Estate and trust planning, equity, fixed income, alternative investments, trading.

Experience

Breadth and depth. Estate and trust planning, equity, fixed income, alternative investments, trading.

Focus

Client base. Assets under management. Account types and sizes.

Tendencies

Investment and operating tendencies. Adaptability. Accuracy.

Performance

General investment performance. Investment models and methodology.

Location

Geographic location and accessibility.

Responsiveness

Responsive and proactive.

Reputation

General reputation and standing in the industry.

Privacy

Respect and maintenance of privacy.

Background

Team size, education, roles, access to firm resources.

 

In general we observed a diversity of views, styles and strengths during our evaluation. The "teams" we talked to ranged in size from a single individual to groups consisting of many people. There were many considerations that shaped our thinking. The real and perceived differences between the companies and teams could be argued but at the end of the day we looked at our goals and priorities, considered our impressions of the companies and teams, weighed them against each other and made a decision.


 

The Game of Philanthropy

A background about our experience of forming and running a family foundation, as well as our views about the future direction of philanthropy is available below.

 

The Game of Philanthropy
GameOfPhilanthropy.pdf
Adobe Acrobat document [1.2 MB]

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