Fiduciary standards of care assesment for those people responsible for the management of funds that are not theirs,
Many of our clients are responsible as fiduciaries for the management of funds that are not theirs. Individuals and firms that are responsible for trusts,foundations, endowments, qualified plans and charitable organizations or are on boards for these organizations have unique responsibilities and liabilities in the proper management of their funds.
With training in both fiduciary standards of care and assesment procedure we are able to employ analytical processes to assess critical areas of an investment steward's responsibilities, such as:
Selection of service provider
Investment committee roles and responsibilities
Investment evaluation and selection processes
Investment fees and service costs
Performance review protocols
Documentation of investment processes and decisions
Risk management process
Compliance with regulatory requirements
Conflict of interest policies
Unfortunately, most people serving are not aware as to whether or not they are an investment steward and what their responsibilties are.
Expert Witness Services
Segue can provide staff in the areas of trust administration and fiduciary investment process that are comfortable drafting opinions and giving testimony or depositions. Engagement begans with initial consultation and can then leverage that review through any other services the client would need. Staff has experience in multiple states.
Individual Portfolio Assesment for Fees and Performance
Fee by the hour financial and investment advice for individuals. Many have found this to be a much more effective solution then those professionals that charge fees for assets under management. While a million dollar portfolio is typically charged $10,000 annually at a 1% mangement fee. A quarterly hour review could only cost $1,000 annually. Segue also can provide financial planning advice by the hour .
Temporary Fiduciary Assistance,
For the individual in the uncomfortable position of being an executor, personal representative or trustee for the first time or the professional fiduciary facing a complicated, difficult and unfamiliar situation.
If you are acting as an executor, personal representative or trustee for the first time, we can educate and assist you with the process. Many times this will reduce necessary fees that more expensive professions such as attorneys and accountants will be charging.
We also offer the capability of providing immediate relief with difficult assets and situations a fiduciary will encounter. Whether an estate with multiple firearms in hazardous loaded condition or a difficult business that needs to keep operating, we can help you secure , transport, maintain and liquidate. We've worked with estates and or trusts with hundreds of firearms, pawn shops, ranches, kennels, exotic cars and antique motorcycles. Our staff has worked with every imaginable situation and individual, from those under death threats to Peruvian witch doctors.
Fees are on an hourly basis with a four hour minimum for any one day. Travel is on a reduced hourly schedule plus preapproved expenses. Resumes and references are available on request.
Small or large, your request will be met with expert advice, individualized attention, and innovative solutions. Contact us and discover all we have to offer. Our qualified staff is looking forward to assisting you!