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Acting in Your Best Interest

Helping a Family Understand Potential Conflicts of Interest

A family office was using multiple advisors and brokers to manage their portfolio. Reviewing their asset allocation, it was determined it was inefficient and riddled with conflicts of interest and proprietary products from these firms. 

Innovest stepped in as Chief Investment Officer and took control of the asset allocation as well as evaluated the products and managers. With direction from the family office, we determined expectations for the entire portfolio and created an Investment Policy Statement. Additionally, we developed an efficient asset allocation using only the best products from each broker/manager, not the ones that were most profitable to these firms. Through this process a more diversified, better allocated portfolio was created, manager/broker fees were reduced and a custom performance report looking at total fund performance as well as quality manager performance was created.