taxes through independent, unbiased fiduciary support.
Weigh House Investor Consultants help foundations, endowments, trust funds and other not-for-profits manage their investments prudently, and in compliance with the Trustee Act. We are fully conversant in its relevant components, including the investment criteria defined therein, and its stipulations regarding the use of investment advisors and counsellors.
Our end-to-end service offerings address all aspects of investment management, from strategy definition through to implementation and compliance monitoring. Our Investor Consultants:
- Assess your current portfolio and investment plan.
- Define investment strategies in accordance with the ‘prudent man’ model and the investment criteria defined in the Trustee Act.
- Draft comprehensive investment policy statements (IPS) that govern all investment activities.
- Identity and evaluate counsellors that will select investments in accordance with your established requirements.
- Monitor portfolios to ensure they remain in compliance with your IPS.
- Assess how investment portfolios – and investment managers – are performing relative to their appropriate benchmarks, and
- Review management fees to ensure you are receiving value.
Trustees working with Weigh House reduce their exposure to personal liability under the Trustee Act, and in most cases, improve their investment returns and reduce management fees.
When Entrusted
Directors and trustees of foundations and endowment funds have a fiduciary responsibility to the fund’s stakeholders. They are legally required under the Trustee Act to manage investments prudently. Failure to meet this standard can result in personal liability.
Trustee Act, R.S.O. 1990, 27. (1) In investing trust property, a trustee must exercise the care, skill, diligence and judgment that a prudent investor would exercise in making investments. 1998, c. 18, Sched. B, s. 16 (1).
Trustee Act, R.S.O. 1990, 28. A trustee is not liable for a loss to the trust arising from the investment of trust property if the conduct of the trustee that led to the loss conformed to a plan or strategy for the investment of the trust property, comprising reasonable assessments of risk and return, that a prudent investor could adopt under comparable circumstances.
