buckley investment group, llc 13½ e. main street, ste 211 walla walla, wa 99362 ph. 509.522.1600...
TRANSCRIPT
Buckley Investment Group, LLC13½ E. Main Street, Ste 211Walla Walla, WA 99362
Ph. 509.522.1600800.610.1460
Fax 509.522.1605 [email protected]
Fiduciary Responsibility
Guardian of Public Funds Prudent Transparent Documented
Avoid the Headlines
Fiduciary Responsibility
Investment Policy Statement Investment Management Process Client Documentation
Protects the Governmental Entity
AND
The Investment Officer
Investment Policy StatementSets the Investment GuidelinesInvestment Objective
Balancing Act: Safety and liquidity versus yield Primary Investment Objective
Safety of funds Meet cash flow requirements
Secondary Investment Objective Incremental income from the prudent investment of
surplus funds
Investment Policy Statement Investment Parameters
Asset Allocation Benchmark Performance Standards and Monitoring Eligible Securities (type, quality, duration)
Eligible Investments
Statutes set forth eligible investments RCW 43.84 RCW 43.250 RCW 39.59 RCW 39.58
Investment Policy Statement Roles & Responsibilities
Fiduciary Agent Investment Advisor (State or Private) Fund Manager
Investment Management Process Maintaining Compliance with the IPS Systematic Process to Maintain
Security Eligibility Asset Allocation Performance
Benchmark comparison Peer group comparison
Client Documentation Periodic Review
Monthly, Quarterly, Annual, 3-Year, & 5-Year Performance Reports
Portfolio Performance Benchmark Comparison Manager Peer Group Comparison
Market Commentary Asset Allocation Rebalancing Manager Replacement Reports
Fund Manager Selection Meets the IPS “Safety” Standards Consistent Performance vis-à-vis the
Benchmark and Peer Group
