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Thursday, April 21, 2022

The Investment Committee Guide to Prudence: Increasing the Odds of Success When Fulfilling Your Fiduciary Responsibilities in the Administration of Pension/Investment Assets by Jonathan J. Woolverton, CFA - Book Tour - Exclusive Excerpt - Giveaway - Enter Daily!

Hi, lovelies!!  It gives me great pleasure today to host Jonathan J. Woolverton, CFA AKA JJ and his new book, “The Investment Committee Guide to Prudence: Increasing the Odds of Success When Fulfilling Your Fiduciary Responsibilities in the Administration of Pension/Investment Assets,” here on FAB!!  For other stops on his Goddess Fish Promotions Book Tour, please click on the banner above or any of the images in this post.

Be sure to make it to the end of this post to enter to win a $15 Amazon OR Barnes and Noble Gift Card!!  Also, come back daily to interact with JJ and to increase your chances of winning!!

Thanks for stopping by!!  Wishing you all lots of good luck in this fabulous giveaway!!

The Investment Committee Guide to Prudence

Increasing the Odds of Success When Fulfilling Your Fiduciary Responsibilities in the Administration of Pension/Investment Assets

by Jonathan J. Woolverton, CFA


GENRE:  Non-Fiction



JJ's investment career spans more than five decades. He has been the chief investment strategist for a pension plan sponsor, a managing director and senior consultant within a global investment planning consultant firm, and a managing director and chief operating officer of an investment management organization. Over his career, JJ has attended well over a thousand investment committee meetings as a plan sponsor, a consultant, and a money manager. In the majority of these meetings, he has found that committee members lack three things: in-depth investment expertise to effectively carry out their fiduciary responsibilities, the necessary time allocation to administer and manage the investment program in the best interests of the beneficiaries, and the ability to develop an efficient monitoring system to hold all service providers accountable for the products and services they provide.

This book outlines the steps to be taken in establishing investment policy; formulating asset mix strategy; creating an appropriate investment management structure; undertaking investment manager searches; and highlighting the conflicts of interest, biases, and self-interests of the various service providers.

This book is designed to assist members of investment committees in their role as fiduciaries/trustees/administrators.




Just a thought:

Over the years, I have found that if there is

a 50/50 chance of me being right or wrong,

I will be wrong at least 90% of the time.

The investment management community lives and dies by the performance results of the portfolios and funds managed by investment professions. Very few industries have the degree of oversight and scrutiny that is placed on all aspects of the activities that go into delivering investment performance (from investment policy at the plan sponsor level through to implementation at the investment manager level). It is virtually the only industry in which the participants know on a day-to-day (or even minute-by-minute) basis whether their portfolios are achieving the return objectives of the plan sponsors.

Many factors have the potential to impact overall performance results materially—long before the monies have even been placed with the investment managers. The decisions made at the policy level can have a greater negative impact on fund performance than can the underperformance of an investment manager. However, it appears that investment committee members spend around 90% of their time tracking money manager performance, and firing/hiring managers when things go wrong, leaving little time to evaluate the bigger picture.

As a result, there are several potential performance inhibitors that could have a significant detrimental impact on overall portfolio returns (and even risk levels), regardless of how prudent investment committee members have been. These performance inhibitors, included below, are: unclear investment guidelines, diversification overload, time mismatch, poor communication, ineffective investment committees, too much useless information, and misleading and incomplete academic studies and articles.



Jonathan J. Woolverton, CFA, has spent his whole career in the investment field—over fifty years. After graduating from university in Pennsylvania, he moved to Toronto, Canada, where he began his career in the investment department of an insurance company. In his role as investment officer he was responsible for formulating investment strategy and overseeing all investments within the equity and fixed-income divisions. JJ later joined Ontario Hydro as their chief investment strategist where all pension funds were managed internally.

JJ left the money management business to become an investment planning consultant. He was a founding partner and managing director of Frank Russell Canada. He moved back to the money management side as the managing director and chief operating officer of Guardian Capital Inc. JJ graduated from Westminster College with a BBA and achieved his Chartered Financial Analyst certification. JJ has published numerous articles on the pension and investment industries and has been the keynote speaker at many conferences and seminars.





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Jonathan J. Woolverton, CFA will be awarding a $15 Amazon OR Barnes and Noble Gift Card (Winner’s Choice!!!) to a randomly drawn winner via Rafflecopter during the tour.

a Rafflecopter giveaway

**This post contains affiliate links and if clicked and a purchase is made, I may receive a small commission to help support this blog.  This does not cost you anything, it just helps pay for all those fabulous community outreach projects and awesome giveaways on here**

This contest is sponsored by a third party. Fabulous and Brunette is a registered host of Goddess Fish Promotions.  Prizes are given away by the sponsors and not Fabulous and Brunette. The featured author and Goddess Fish Promotions are solely responsible for the giveaway prize.

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