Ellwood Associates provides a comprehensive array of services to its clients, which include endowments and foundations, retirement plans, healthcare systems and hospitals, and high net worth individuals and families. We have found that the services described are instrumental in helping our clients manage highly successful investment programs.
Define Investment Objectives
- Review of the investment program's purpose, circumstances, and needs
- Analyze constraints such as time horizon, liquidity needs and return requirements
- Explore and define risk tolerance
- Translate our understanding of the programs' circumstances and needs into specific investment objectives
Develop Investment Policy
- Evaluate appropriate asset classes for consideration
- Determine optimal asset mix consistent with the programs' objectives and constraints
- Evaluate probability of asset mix meeting investment objective while satisfying constraints
- Define investment manager evaluation and selection criteria
- Draft/revise written investment policy statement as needed
Implement Investment Policies
- Identify appropriate investment manager structure
- Evaluate existing and alternative investment managers
- Gather portfolio holdings, market values, and cash flow data of existing manager for analysis of investment style, risk exposure, and performance relative to style peers
- Screen alternative manager candidates, identify superior managers which meet screening criteria, and interview candidates with staff
- Expedite transfer of management authority and other start-up issues
Ongoing Portfolio Monitoring and Reporting
- Quarterly meetings to review programs' structure and manager style weightings relative to allocation targets
- Quarterly analysis of manager portfolio holdings to determine consistency of characteristics and adherence to style assignment
- Quarterly performance analysis and comparison of performance relative to style peers, manager database, and pertinent indices
- Quarterly executive summary reports and manager analysis reports with detailed style and performance histories (reports customized to client's needs)
- Monthly flash reports, as required (reports customized to client's needs)
Special Analysis
- Educational seminars for Trustees and Investment Committee members on relevant investment topics
- Survey industry participants and identify best practice procedures and new ideas
- White paper research on emerging investment trends and topics
