Its good to evaluate how you are doing on a regular basis. Once you score yourself, give us a call we can help guide you on any corrective measures you need to take.
Self-Assessment – Fiduciary Role
Name:
Phone:
Email:
- Are investments managed in accordance with applicable laws, trust documents, and written investment policy statements? (Practice S-1.1)
Yes
No
I Don't know
- Are the roles and responsibilities of all involved parties (fiduciaries and nonfiduciary) defined, documented, and acknowledged? (Practice S-1.2)
Yes
No
I don't Know
- There is no indication that fiduciaries and parties in interest are involved in self-dealing? (Practice S-1.3) Yes No
Yes
No
I don't know
- Are service agreements and contracts in writing? Are they written without provisions that conflict with fiduciary standards of care? (Practice S-1.4)
Yes
No
I don't know
- Are assets within the jurisdiction of appropriate courts? Are they protected from theft and embezzlement? (Practice S-1.5)
Yes
No
I don't know
- Has an investment time horizon been identified? (Practice S-2.1)
Yes
No
I don't know
- Has a risk level been identified? (Practice S-2.2)
Yes
No
I don't know
- Has an expected, modeled return to meet investment objectives been identified? (Practice S-2.3)
Yes
No
I don't know
- Are selected asset classes consistent with the identified risk, return, and time horizon? (Practice S-2.4)
Yes
No
I don't know
- Are selected asset classes consistent with implementation and monitoring constraints? (Practice S-2.5)
Yes
No
I don't know
- Is there an Investment Policy Statement (IPS) which contains the detail to define, implement, and manage a specific investment strategy? (Practice S-2.6)
Yes
No
I don't know
- Does the IPS define appropriately structured, socially responsible investment (SRI) strategies (where applicable)? (Practice S-2.7)
Yes
No
I don't know
- Is the investment strategy implemented in compliance with the required level of prudence? (Practice S-3.1)
Yes
No
I don't know
- Are applicable “Safe Harbor” provision followed (when elected)? (Practice S-3.2)
Yes
No
I don't know
- Are investment vehicles appropriate for the portfolio size? (Practice S-3.3)
Yes
No
I don't know
- Is a due diligence process followed in selecting service providers, including the custodian? (Practice S-3.4)
Yes
No
I don't know
- Are there periodic reports comparing investment performance against an appropriate index, peer group, and IPS objectives? (Practice S-4.1)
Yes
No
I don't know
- Are periodic reviews made of qualitative and/or organizational changes of investment decision-makers? (Practice S-4.2)
Yes
No
I don't know
- Are control procedures in place to periodically review policies for best execution, “soft dollars,” and proxy voting? (Practice S-4.3)
Yes
No
I don't know
- Are fees for investment management consistent with agreements and with all applicable laws? (Practice S-4.4)
Yes
No
I don't know
- Are “finder’s fees” or other forms of compensation that may have been paid for asset placement appropriately applied, utilized, and documented? (Practice S-4.5)
Yes
No
I don't know
- Is there a process to periodically review the organization’s effectiveness in meeting its fiduciary responsibilities? (Practice S-4.6)
Yes
No
I don't know