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The Steward - May 2025 |
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Welcome to the latest edition of our Steward Newsletter for nonprofit investors. In this issue, we delve into the intricacies of endowment benchmarking and identify four paradoxes of investment management. Be sure to view the replay of our Market Volatility webcast, discussing the recent shifts in economic policy influencing the markets and guiding future portfolio positioning. |
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Benchmarking Brilliance:
Secrets to Unlocking Continuous Improvement
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By: Kevin O'Connell, CFA
Senior Consultant |
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The adage: “You don’t need to be perfect; you just need to be better than you were yesterday” is good advice for personal growth but has less application when evaluating investment results. In today’s volatile up/down market, outperforming yesterday might not be enough, nor does it represent an appropriate timeframe for comparison.
Managing investments is never about being “perfect” either; understanding your portfolio’s effectiveness requires... Read More > |
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Examining Four Investment Paradoxes for Nonprofits and Endowments |
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As discussed in a previous blog post, Effective Spending Policy: A ‘Ways and Means’ to Long-Term Goals, a well-designed spending policy is essential for both advancing an organization’s mission and safeguarding the corpus of an endowment. Identifying the right spending model which aligns with the organization’s needs is crucial for long-term success and maintaining intergenerational equity. Fiducient Advisors modeled the effects of different spending strategies using relevant data points to illustrate... Read More > |
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By: Marycarmen Nevarez
Consultant |
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What do you enjoy the most about working at Fiducient?
I enjoy working with my colleagues and clients. We have a wealth of knowledge within our firm across all business lines. If a client question comes up and I am unable to answer it, it is quite rare that there isn’t someone within the firm who has the experience or knowledge to help guide me in the right direction to give our client the best advice. Also, my clients all have unique situations or circumstances that make working with them intellectually stimulating and thought provoking. Working through challenges to help our clients achieve their goals is fulfilling. |
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Ryan Haskamp, CFA
Consultant |
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What experience from past roles did you bring to your role at Fiducient Advisors?
My first (and only) job prior to joining Fiducient Advisors was working in investment manager relations at a bank, being the main point of contact between all of the bank’s custody operations departments and our institutional investor clients. I was able to learn a lot about how financial markets operate mechanically by working with the wire desk, trade settlements desk, global custody desk and many others, and then relay that information to my clients as their single point of contact. That background has been quite useful when it comes to working with clients on the operational aspects of their portfolios and helping manage expectations, timelines, etc. when working with the Fiducient Advisors operations teams.
What do you like to do when you’re not at work?
Golf is my favorite hobby outside of work. It has been a great competitive outlet to replace the sports I played growing up, and one that can be continually improved upon. With a young daughter at home, the quantity of time I spend on the course has fallen considerably within the last year but hopefully in the coming years I can teach her! On a related note, about four years ago I joined the Ambassador Council for First Tee – Greater Chicago, who do great work teaching kids life skills through the game of golf. It has been rewarding to give back to the community and see the good work they do in person. I look forward to getting my daughter involved with their programming once she is old enough! |
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This report is intended for the exclusive use of clients or prospective clients (the “recipient”) of Fiducient Advisors and the information contained herein is confidential and the dissemination or distribution to any other person without the prior approval of Fiducient Advisors is strictly prohibited. Information has been obtained from sources believed to be reliable, though not independently verified. Any forecasts are hypothetical and represent future expectations and not actual return volatilities and correlations will differ from forecasts. This report does not represent a specific investment recommendation. The opinions and analysis expressed herein are based on Fiducient Advisor research and professional experience and are expressed as of the date of this report. Please consult with your advisor, attorney and accountant, as appropriate, regarding specific advice. Past performance does not indicate future performance and there is risk of loss.
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