Channel Island-based investment consultancy firm Asset Risk Consultants (ARC) has launched a Charity Portfolio Performance Review (CPPR) to provide charity trustees with professional advice on managing their invested funds.
ARC’s new service has been specifically designed to address many charity trustees’ concerns about the obligations raised in the UK Charity Commission’s document “Charities and Investment Matters: A guide for trustees” (also known as CC14).
The Charity Commission highlighted the legal requirement for trustees to review the suitability of investment manager appointments, whether the manager is complying with the terms of their appointment and whether the investment performance of the portfolio is acceptable.
ARC has designed this service to address these specific needs, allowing charities without significant expertise or resources dedicated to investment management to fulfil their obligations with regards to performance assessment. This service highlights key information and action points for consideration by the trustees. In addition, should it be required, the charity team at ARC can also review the portfolios’ structure. These can then be discussed with a qualified expert ARC consultant.
Graham Harrison (pictured), founder and managing director of ARC, says: “ARC is well regarded by the private client industry for its advice and analysis on investment portfolios and the charity sector was the next logical area for us to look at. We have been encouraged by the charity community to develop a robust and cost-effective solution that addresses the issues faced as a result of CC14.
“We have provided bespoke consulting services for charities, private clients and institutions since 1995 with the key aim of helping our clients get the best out of the investment management industry. The CPPR service allows our uniquely placed and experienced team of investment professionals to assist with and advise charity trustees on all aspects of discretionary investment relationships. To achieve this we utilise our proprietary systems and detailed knowledge base relating to investment managers, industry leading due diligence and real portfolio performance data.”
Importantly, ARC will charge a flat fee for this service, making it affordable for charities of all sizes which need professional support in managing their funds.
