Written by: Palladiem
Harvard University’s endowment fund just decided to outsource most of its investment functions because it could no longer justify the 'organizational complexity and resources necessary'. 1 If Harvard, along with many other major university endowments, has outsourced at least some of its investment needs despite the wealth of on-staff investment talent, shouldn’t you at least be considering it?
According to a 2016 survey of advisors by Northern Trust, plenty of advisors have done so already, and are currently reaping the benefits.
In addition to these important benefits, 'Over the long run, a client focus builds a greater firm value and a higher return on the use of the advisor’s time.' 3
Palladiem, as an advisor-centric investment firm, has a long history of helping advisors uncover hidden opportunities in their business. To learn more please visit us here .
1 'Harvard Endowment to Lay Off Half Its Staf', Wall Street Journal on-line edition, Juliet Chung and Dawn Lim, January 25, 20172 'External Investment Management, Advisor Attitudes and Adoption: 2016 Edition', Northern Trust3 'The Value of Time: Quantifying how client focus increases the value of your business', SEI and FP Transitions, 2016, p.11