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

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GENRE:  Non-Fiction

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BLURB:

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.

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EXCLUSIVE EXCERPT:

 

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.

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AUTHOR BIO:

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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CONNECT WITH JJ:

Website:

https://www.jjwoolverton.com

Goodreads Author Page:

https://www.goodreads.com/author/show/22142725.Jonathan_Woolverton

Goodreads Book Page:

https://www.goodreads.com/book/show/60095869-the-investment-committee-guide-to-prudence

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BOOK BUY LINKS:

Amazon US Kindle eBook:

https://amzn.to/3EN1KWB

Amazon US Paperback:

https://amzn.to/3Ew06Z4

Amazon US Hardcover:

https://amzn.to/37zzHNZ

Amazon CA Kindle:

https://www.amazon.ca/Investment-Committee-Guide-Prudence-Responsibilities-ebook/dp/B09PGSP1Q9

Amazon CA Paperback:

https://www.amazon.ca/Investment-Committee-Guide-Prudence-Responsibilities/dp/0228861594

Amazon CA Hardcover:

https://www.amazon.ca/Investment-Committee-Guide-Prudence-Responsibilities/dp/0228861608

Apple Books eBook:

https://books.apple.com/us/book/the-investment-committee-guide-to-prudence-increasing/id1603529759

Barnes and Noble Paperback:

https://www.barnesandnoble.com/w/the-investment-committee-guide-to-prudence-cfa-jonathan-j-woolverton/1140839660?ean=9780228861591

Barnes and Noble Hardcover:

https://www.barnesandnoble.com/w/the-investment-committee-guide-to-prudence-cfa-jonathan-j-woolverton/1140839660?ean=9780228861607

Book Depository Paperback:

https://www.bookdepository.com/The-Investment-Committee-Guide-Prudence-Cfa-Jonathan-Woolverton/9780228861591

Book Depository Hardcover:

https://www.bookdepository.com/Investment-Committee-Guide-Prudence-Cfa-Jonathan-Woolverton/9780228861607

Bookshop Paperback:

https://bookshop.org/books/the-investment-committee-guide-to-prudence-increasing-the-odds-of-success-when-fulfilling-your-fiduciary-responsibilities-in-the-administration-of-pe-9780228861591/9780228861591

Bookshop Hardcover:

https://bookshop.org/books/the-investment-committee-guide-to-prudence-increasing-the-odds-of-success-when-fulfilling-your-fiduciary-responsibilities-in-the-administration-of-pe-9780228861591/9780228861607

Indigo Chapters CA eBook:

https://www.chapters.indigo.ca/en-ca/books/the-investment-committee-guide-to/9780228861614-item.html

Indigo Chapters CA Paperback:

https://www.chapters.indigo.ca/en-ca/books/the-investment-committee-guide-to/9780228861591-item.html

Kobo US eBook:

https://www.kobo.com/us/en/ebook/the-investment-committee-guide-to-prudence

Kobo CA eBook:

https://www.kobo.com/ca/en/ebook/the-investment-committee-guide-to-prudence

Smashwords eBook:

https://www.smashwords.com/books/view/1124083

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GIVEAWAY INFO:

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.

The Democratization of the Private Market by Carine Schneider - Book Blast - Giveaway - Enter Daily!

Hello, lovelies!!  It gives me great pleasure today to host Carine Schneider and her new book, “The Democratization of the Private Market,” here on FAB!!  For other stops on her 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 $10 Amazon or Barnes and Noble Gift Card!!  Also, come back daily to interact with Carine and to increase your chances of winning!!

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

The Democratization of the Private Market

by Carine Schneider

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GENRE: Non-Fiction (Financial)

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BLURB:

Facebook, Uber, Robinhood: all were private companies at some point. Historically, there has been no way for investors to easily buy and sell shares in private companies. With the introduction of blockchain technology, digital securities, and decentralized financial solutions, the ability to grow the private market is on the horizon. Regulators around the world are rushing to catch up and understand how to protect investors who want to participate in this market. This book reviews the regulatory, technical, and societal challenges to open this asset class to more investors in the future.

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EXCERPT ONE:

Currently, US residents who want to invest in the private market need to have a certain net worth to participate. Under the cover of this exclusive private club is access to investment opportunities, supporting innovation, and extreme risk. As the private market has grown, the types of investment instruments and the complexity of the investment structure has increased significantly. Unlike investing in the public market, investing in private ventures can be complicated and requires an understanding of securities law, tax strategy, and, in many cases, future technology that can only be envisioned by innovative entrepreneurs. The key characteristics of the private market are: • Less company regulation • Limited public reporting requirements, especially for smaller companies • A lack of information symmetry • Only investment professionals, or the ultra-wealthy, can invest (accredited investors) With the changes in technology solutions, the advent of new financial solutions, and a change in the way some founders approach building their companies, these characteristics may change as the private market grows. Dan Gallagher, General Counsel of Robinhood and a former Securities and Exchange Commission (SEC) Commissioner, describes the private market as “a vibrant ecosystem.” Capital is key to growth in a private company, and it can come from various sources — professional individual investors (sometimes called “angel investors”), venture capital firms (VC firms), friends and family, and crowdfunding campaigns. Private equity (PE) is sometimes confused with private company investment. PE firms tend to acquire mature companies and recapitalize and re-organize their targets. PE firms generally aren’t looking to make individual investments alongside other investors. For the purposes of this book, we will mostly focus on non-PE owned companies, although we do discuss liquidity in PE funds. The private market is attractive because investors in privately held companies hope to quickly increase the company’s value, then sell their stakes later through a buyout, trade sale, recapitalization, or listing on a public market via initial public offerings (IPOs).

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AUTHOR BIO:

Carine Schneider, FGE (Fellow of Global Equity) is an experienced and well-connected leader in the private market and global compensation industry with deep experience working in consulting, technology, and financial services. She is the President of AST Private Company Solutions (AST PCS). She was named one of the 100 Influential Women in Silicon Valley by the Silicon Valley Business Journal and one of 17 “Women to Watch” in 2017 by Brown Brothers Harriman Center on Women and Wealth. Carine was formerly the President, Nasdaq Private Market and has been the founder and CEO of Global Shares, CEO of Certent, and Partner at PwC. She has also held senior level positions at Morgan Stanley and Willis Towers Watson. She was the founding Executive Director of the National Association of Stock Plan Professionals (NASPP) and founded the nonprofit Global Equity Organization (GEO) where she is now Chair Emeritus, after serving as Chair for eighteen years. She 103 started her career as Manager of Shareholder Relations at Oracle Corporation where she assisted in the IPO. Ms. Schneider was born in The Netherlands and received her degree in psychology and sociology from the University of California, Santa Cruz. She is a frequent speaker at conferences around the world, including at President Obama’s 2016 Global Entrepreneurial Summit, and has authored various articles and chapters in industry publications. She currently serves as a member of the Board of Professional Business Women of California (PBWC). In 2019, she received the UK ProShare Award for Service to Employee Share Ownership.

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CONNECT WITH CARINE:

Twitter:

https://twitter.com/carineschneider

Amazon Author Page:

https://amzn.to/3FMMDeC

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BOOK BUY LINKS:

Amazon US Paperback:

https://amzn.to/3KnVJSm

Amazon CA Paperback:

https://www.amazon.ca/gp/product/B09JRCRMQ9

Amazon UK Paperback:

https://www.amazon.co.uk/gp/product/B09JRCRMQ9

Amazon AU Paperback:

https://www.amazon.com.au/gp/product/B09JRCRMQ9

Barnes and Noble Paperback:

https://www.barnesandnoble.com/w/the-democratization-of-the-private-market-carine-schneider/1140381560

Book Depository Paperback:

https://www.bookdepository.com/The-Democratization-of-the-Private-Market-Carine-Schneider/9798985062748

Books-A-Million Paperback:

https://www.booksamillion.com/product/A16898407489

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GIVEAWAY INFO:

Carine will be awarding a $10 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.