The McHenry Group
2200 Powell Street
Suite 610
Emeryville, CA 94608
 
Phone: 510-595-2900
Toll free: 800-638-8121
Fax: 510-420-1732
 
info@mchenrygroup.com
 
Additional information may be found at:

www.mchenrygroup.com
 
 

The vast majority of the more than five million men and women who serve as trustees of personal trusts and members of investment committees rely on investment consultants for guidance in managing their investment fiduciary responsibilities. As critical as the investment consultant’s role is to the fiscal health of this nation, essentially it is still a poorly regulated, undefined profession.

Among asset classes, fixed income is the cornerstone of sound investment portfolios. This is particularly true for pension funds, which need to match assets and liabilities. Unfortunately, plan sponsors face a fixed income bind that makes achieving target returns difficult for pension plans.

A major policy change by the SEC will require all mutual fund boards to name an independent director as the Chair by the beginning of 2006. What does this mean for mutual fund investors and other fiduciaries? The rule should help ensure that shareholder interests take precedence.