Fiduciary Investment Monitoring

Obligation to properly research investments both before and after making them –Apply system of fiduciary mandates which create a process for selecting investment choices –Regularly monitor performance of each choice –When investment choice fails to measure up to objective set of criteria, investment must be replaced

Our Fiduciary Investment Monitoring 8 Fiduciary Mandates Applied –Each fund must score in the top 25% to be considered Funds are Evaluated with a Scorecard –Watch List –Replacement List Asset Classes Clearly Defined Two Fund Lineups (see –RIA Partner – Uses 5-year mandates –DFA Partner – Uses 10-year mandates

Fiduciary Mandates Applied Performance: The product must have positive excess performance relative to its benchmark over a stated time period. Product Assets: Must have a least $100 million managed in this specific investment style. Peer Group: The product’s return must be higher than the peer group’s 50th percentile return. Alpha: The product’s Alpha must be greater than or equal to 0. Sharpe: The product’s Sharpe Ratio must be greater than or equal to the benchmark. Standard Deviation: The product’s standard deviation must be less than or equal to 150% of the benchmark’s standard deviation. Tracking Error: The product’s tracking error must be less than 10%. Product History: Product must have been in existence for a stated time period.

Fiduciary Quarterly/Annual fund monitoring