Flexibility in implementing decisions is a benefit we offer our clients. While some clients prefer to be intimately involved in every decision, other clients prefer to outsource some or all of the investment process to Hammond Associates. We provide a team of experienced consultants and support staff to serve clients who wish to delegate duties to us.
The degree to which clients outsource tasks to us varies widely, and can evolve over time. We understand that committee and staff abilities and needs change over time, so we structure our approach to accommodate those changing needs. For example, clients may choose only to have us implement decisions made by the investment committee or staff. Other clients may choose to authorize us to hire or terminate investment managers on their behalf. Finally, clients may authorize us to craft the asset mix, within policy ranges, and then select managers to implement the mix.
Regardless of the degree of outsourcing, we maintain a regular meeting and reporting schedule with our outsourced CIO clients so they remain abreast of the markets and their portfolios.