Investment Consultant April 27, 2018 Sheila Healy Berube, CFA, - - PowerPoint PPT Presentation

A G E N D A

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A Day in the Life:

Investment Consultant

April 27, 2018 Sheila Healy Berube, CFA, Former Senior Investment Consultant Teri Richardson, CFA, MBA, Senior Investment Consultant

1 Introductions 2 Background & Career Path 3 Firm/Team Overview 4 A Day in the Life - Duties/Responsibilities of an Investment Consultant 5 Opportunities/Challenges 6 Skill Set 7 Q & A A G E N D A

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B A C K G R O U N D & C A R E E R

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PAT H

Sheila Healy Berube, CFA Education

• MBA, University of St. Thomas
• BA, Marquette University,

English/Business Minor

• CFA Charterholder

Work History

• NEPC, LLC
• WLD, Ltd (Family Office)
• 3M Company
• Allina Health
• State of MN

Volunteer Work/Professional Development

• CFA Society of Minnesota
• Investment Committee Sr of St. Joseph
• f Carondelet
• Board Member, Campfire MN
• Planning Commissioner, City of Edina
• Communications Lead, EHS Senior Party

2018

Teri Richardson, CFA, MBA Education

• MBA, Carlson School, University of Minnesota
• BA, University of Minnesota, Mathematics
• CFA Charterholder

Work History

• Advanced Capital Group
• State of MN
• Northwest/Delta Airlines
• Mercer

Volunteer Work/Professional Development

• CFA Society of Minnesota
• Advisory Board for Bethel Student

Managed Investment Fund

• Toastmasters
• Loppet Foundation Volunteer Ski Coach

Firm Overview

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Sheila Healy Berube, CFA NEPC, LLC

• Registered Investment Advisor based in Boston
• 275 employees; partnership structure
• $1+ billion assets under advisement
• Client type: retirement plans, foundation &

endowment, insurance companies, health care, private wealth, public funds, Taft Hartley funds

• Retainer and Outsourced CIO
• Over 350 clients

Teri Richardson, CFA Advanced Capital Group

• Registered Investment Advisor based in Minneapolis
• 31 employees
• $16 billion assets under advisement
• Client type: retirement plans, trust, endowment,

insurance companies, individual

• Four Lines of Business

1. Institutional Investment Consulting 2. Institutional Investment Management 3. Benefits and Risk Consulting 4. Participant Financial Wellness Services

Institutional Investment Consulting Team

• Eight consultants and analysts
• Four Relationship Managers

Institutional Investment Consulting Team

• 60+ dedicated research staff;
• Offices in Boston, Atlanta, Charlotte,

Detroit, Las Vegas, Portland, San Francisco

A DAY IN THE LIFE - D U T I E S & R E S P O N S I B I L I T I E S

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• Client Onboarding and Maintenance

1. Investment Policy Review, Update, Development 2. Asset Allocation Review and Update 3. Manager Line-up Review 4. Vendor Searches 5. Periodic Client Investment Review Meetings

• Research and Special Projects

1. Manager research and due diligence 2. Product Research 3. Economic and Asset Class Research 4. Fiduciary Training 5. Special Projects 6. Investment Commentary 7. Plan Design

• New Business Development

1. Networking 2. Responding to RFPs 3. Finalist Presentations

Opportunities/Challenges

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Opportunities Challenges

Meet with smart, interesting people Demands on time Constant learning Information overload Building mutually respectful relationships Difficult clients Help organizations fulfill their mission and goals Delivering tough messages Direct bottom-line impact Extra time Satisfaction of seeing your recommendations implemented Do not control committee decisions Travel Travel

S K I L L S R E Q U I R E D

• High ethical standards
• Intellectually curious
• Think on both macro and micro levels
• Strong writing and verbal

communication skills

• Ability to build rapport quickly
• Organization and attention to detail
• Prioritization and time management
• Expert-level knowledge of investments
• Qualitative and quantitative analysis

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Consulting is a great way to use the skills and knowledge acquired via the CFA charter program

Questions?

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DOFU 2-2018 432062