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| Sellwood Consulting LLC |
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Mission statement:
Our mission is to deliver excellence in investment advice with superior client service and uncompromising ethics.
We accomplish that mission with our consulting and investment philosophies, which are well defined and closely related. |
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Profile:
Sellwood Consulting is a non-discretionary institutional investment consultant providing investment advice free from conflicts of interest.
We provide a wide range of consulting services to meet each client’s needs. Services include, but are not limited to, the following:
Investment Policy Statement (“IPS”) Development and Review
We assist clients with preparation and ongoing review of a written Investment Policy Statement, including customized investment objectives and guidelines under which the client’s investment goals are to be achieved. The IPS typically includes the:
Responsibilities for the Board/Committee, Staff, and various service providers;
Asset class allocation targets, permissible ranges, and rebalancing policy;
Guidelines for investments within each asset class;
Types and styles of investment managers and/or funds;
Criteria for selection of investment managers;
Procedures and timing for monitoring investment performance; and
Guidelines to establish risk tolerance for the separate strategies and the aggregate risk of the total portfolio.
Asset Allocation and Manager Structure
We use asset allocation studies as a strategic planning tool, seeking to optimize the balance between a portfolio’s expected risk and return. Our analysis involves a review the following elements of an asset allocation strategy:
Client-specific goals and objectives;
Inputs regarding expected return and risk, time horizon, liquidity constraints, asset class preferences, and tax status (if applicable); and
The suitability of the final allocation to a client’s goals and objectives.
Once a high-level strategic asset allocation target is determined, we also assist clients in developing appropriate manager structures, analyzing various options for selecting and weighting individual managers and strategies within each asset class.
Investment Manager Research, Selection, and Monitoring
We vet all investment manager recommendations through our Investment Committee, which is comprised entirely of senior, client-facing professionals. We believe that clients are best served by investment manager recommendations that arise from investment professionals that work directly with clients and understand their specific needs. As well, we believe that the Investment Committee approach allows us to share insights and ensure consistency in our recommendations.
We perform ongoing investment manager research, evaluating the broad universe of available managers via both quantitative analysis and qualitative evaluations. We perform detailed due diligence on managers prior to recommendation and on an ongoing basis once selected. Our focus is finding investment managers, strategies and vehicles that meet each client’s individual circumstances and needs. Factors considered in making this determination include not only investment performance, but also investment philosophy and strategy, quality of investment team, management approach, assets under management, account size, risk tolerance, and associated fees.
Investment Performance Reporting and Monitoring
We prepare a customized performance report for each client on a quarterly basis, or more frequently as necessary, to facilitate review and ongoing monitoring of the plan. Our reports compare and analyze total plan performance versus a custom policy index and relevant plan sponsor peer group, as well as individual manager performance compared to appropriate investment manager peer groups and relevant industry benchmarks.
Education
Client education is a core tenet of our service offering. Our consulting services generally include education for Trustees and professional staff, covering a wide range of topics relevant to the management of the investment program. We seek to integrate education efforts in each deliverable we provide our clients and are also responsive to specific client requests.
We may also provide periodic educational support and investment workshops designed for plan participants of profit sharing and 401(k) plan clients. When interfacing with plan participants, we offer only generalized investment education, and not specific advice.
Other Consulting Services
We have capabilities in providing clients a number of other services, as needed and applicable, including but not limited to:
Defined Contribution Plan Evaluations
Third Party Administrator (TPA) Searches
Trust and Custody Evaluations
Cash Management Reviews
Transition Management Searches
Spending Policy Analyses
Special Projects
We are also happy to provide investment advice on a more limited, special project basis. This may include assistance or advice on only an isolated area of concern, such as an investment policy statement, asset allocation, defined contribution plan lineup review, or any other specific topic. |
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Overview:
We founded Sellwood Consulting LLC because we believe that expert institutional investment advice doesn’t need to come out of an institution; indeed, the best advice and customized service arise from a boutique where every employee’s incentives align toward the client’s goals. Since the day we opened our doors, we have structured our firm to provide industry-leading investment advice, the highest levels of client service, and uncompromising ethics.
Experience
Our founding Directors have worked closely together since 2005, leading client relationships ranging from several million dollars to several billion dollars in size. We are an SEC-registered investment advisor and our entire team is located in our Portland, Oregon, office.
Client Focus
We work with a variety of client types, providing non-discretionary investment consulting services to:
pension plans
defined contribution plans
endowments & foundations
operating reserves
labor and health trusts
private wealth clients
All of our investment advice is customized to the individual client, and we strive for our recommendations to be comprehensive, intelligent, and understandable. |
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