Discretionary Management, Clearstead Prism OCIO

custom solutions focused through the clearstead prism

Our proprietary Clearstead Prism OCIO service acts as a powerful extension to institutions, collaborating on a deep level to completely handle day-to-day management of investment portfolios after clearly defining objectives, quantifying risk, and creating benchmarks that clearly measure all results. Research drives our decision making, and we are quantitatively focused — tempered with the qualitative value of decades of experience and practical judgment. 

Learn how PRISM will complement your infrastructure, expertise, and become an extenstion of your team and strategic goals. 

case study: Prominent Cultural Institution

Financial modeling and a CUSTOM Prism OCIO approach create vision AND stability

Case Study: Non-Profit

Customized Prism OCIO solutions offer non-profit the freedom to focus on institutional objectives

Case Study: Hospital

Tailored Prism OCIO approach integrates organizational and financial objectives with asset allocation

The Outsourced Chief Investment Officer (OCIO) approach has gained significant traction among institutional investors.  When executed effectively, it properly aligns responsibilities between investment advisors and institutional fiduciaries.  Investment advisors are delegated investment discretion within prescribed guidelines, while trustees and staff can focus on the essential responsibilities of investment and spending policy. While this may sound ideal, it is important to recognize that not all OCIO approaches are created equal, nor have they all worked.

 

 

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DEMAND FOR OCIO

The Outsourced Chief Investment Officer (OCIO) approach has gained significant traction among institutional investors.  When executed effectively, it properly aligns responsibilities between investment advisors and institutional fiduciaries.  Investment advisors are delegated investment discretion within prescribed guidelines, while trustees and staff can focus on the essential responsibilities of investment and spending policy. While this may sound ideal, it is important to recognize that not all OCIO approaches are created equal, nor have they all worked.

DO’S AND DON’TS

Embarking on an OCIO program for your institution is not to be taken lightly. Too often, advisory firms have used OCIO as a conduit for investment products, delivering unclear and unproven results while losing context and the alignment of investment strategy with organizational priorities.  Trustees and staff can become disconnected with the investment portfolio, which gets worse with natural trustee turnover. The OCIO becomes less of a partner, and more of a salesman. In the meantime, the institution’s fiduciary risk has not been delegated effectively, and staff and trustees understand less about the investments — a potentially difficult combination.

 

Yet there are solid reasons to consider an OCIO approach.  Investment issues can tax staff and resources, siphoning time from other issues that arise each day.  Often investment decisions must occur quickly, and require a depth of expertise many institutions simply don’t have and don’t want to develop.  Delegating discretion to an OCIO advisor can save meaningful time, result in more efficient execution of investment programs, and effectively realign responsibilities between trustees, staff, and financial advisors.

STAYING ENGAGED

Clearstead’s Prism OCIO service does this exactly.  Clearstead does not manufacture or sell products, so it is objective in its investment research and the advice its gives clients. Our only incentive is to provide the best counsel possible. Moreover, through our Clearstead Prism OCIO service, we serve OCIO clients according to their specific requirements; either with full discretion or in a hybrid approach that grants discretion within specific guidelines.  Wherever a client’s approach may be along the spectrum of discretion, however, we collaborate on investment and spending policy, which we believe are too important to be delegated to an advisor alone. Clearstead is an engaged OCIO provider, leading client investment programs with objectivity, clarity, and investment excellence.

Find Your Clarity

We bring our clients objective financial leadership through our fee-only advisory model, which enables us to remain objective. We do not offer proprietary products and take no commissions from product sales: our only source of revenue is fees we receive for financial advice. True to our founding principles, we do the hard work: the day-to-day investment management integrated with organizational priorities and family aspirations.

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Clearstead is an institutional and private client advisory firm that is relentless in providing solutions so our clients can exceed their aspirations and build stronger legacies for their families, their communities, and themselves.

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