At P-Solve, we take the same investment advice to all our clients but the method in which the advice is implemented can vary widely.
Possible methods of implementing investment strategy are shown below, ranging from “traditional consultancy” where the client retains responsibility for executing all areas of investment strategy to “fully delegated” where the client retains responsibility for the broad investment objectives but delegates all implementation to P-Solve.
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Traditional Consulting |
Delegate Alternatives |
Delegate Hedging |
Delegate Manager Selection |
Delegate Dynamic Asset Allocation |
Fully Delegated |
| Define Objectives |
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| Strategic Asset Allocation |
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| Dynamic Asset Allocation |
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| Liability Hedge |
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| Manager Selection |
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| Alternatives |
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| Stock Selection |
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Client responsibility
P-Solve responsibility
Fund manager responsibility
We view delegation as a spectrum rather than a couple of options from which clients can choose. Clients can delegate as much or as little of P-Solve’s advice as they require and we work with the client to ascertain what is right for them, taking into account factors such as the client's time, skill and experience, frequency of meetings and the level of activity required.