Background
Our client asked us to assist with ongoing regular monitoring of their fiduciary manager.
Our approach
The main output of our monitoring is an annual report to the client, reviewing the fiduciary manager’s resourcing and reporting, investment strategy and portfolio construction, performance, research views and fees. This report also contains our key findings and recommendations.
Alongside this, we hold quarterly discussions with the fiduciary manager, so that we can alert the client to anything we think is significant early, and ahead of the annual review.
Monitoring is an ongoing three-way process. All the information provided to us by the fiduciary manager is also provided to our mutual client, making it fully transparent.
Outcome
The Trustees benefit from independent, detailed and regular oversight of their fiduciary manager, helping ensure that the manager and strategy remains appropriate and that the solution provides good value for money.
