Guernsey-based investment consultancy firmAsset 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, Founder and Managing Director of ARC, said:
"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
"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.
Guernsey charities are not currently required to comply with The
Charities Commission's new regulations, however ARC's
service represents best practise for any charity that has funds
under management and the service is available to local charities
that have need of professional advice.
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