Our first clients in 1981-1985 were trust funds, including charitable and pension trusts. We have served as a fiduciary for four decades. We have experience partnering with clients such as hospitals, colleges, corporations, private family foundations, and charitable trusts.
Willis Investment Counsel offers the following services to our endowment/foundation clients:
- Education and counseling, including enterprise risk management1
- Investment policy
- Asset allocation education, stress-testing, and recommendations
- Investment management
- Direct management (portfolio construction, security selection, etc.)
- Indirect management (index fund selection, manager research, etc.)
- Reporting and Accounting
- Outsourced CIO role
1 Enterprise risk management integrates risks of the organization with portfolio risks to achieve a more holistic risk/reward outcome. Especially where spending policy, debt covenants, and DOE composite score issues are present, stress-testing a range of potential outcomes is part of our risk management process.
The Willis Investment Counsel research and portfolio management team periodically publishes its views on the endowment/foundation landscape including risk management, diversification, fiduciary responsibility, and investment strategy.
The Drivers of Portfolio Outcomes – April 2016