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WHITE OAKSINVESTMENT MANAGEMENT
Outsourced Investment ServicesWhite Oaks| Last updated on 2.21.2018
Outsourced Investment Services
Investment Outsourcing is...The process where institutional investors and high-net-worth familiesengage a third party to manage all, or a portion of, their investmentportfolio. This arrangement can include functions like:
establishing the asset allocationselecting investment managersimplementing portfolio decisions (strategic and tactical)providing ongoing oversightperforming risk management other areas of portfolio management (1)
Outsourced investment management is a large and growing marketsegment with over 500 billion dollars currently managed by outsourcedmanagers. According to a survey of outsourcers by aiCIO Magazine, thevolume of outsourced asset increased 200% between 2007 and 2011 (2).
Who is an Outsourced Chief Investment Officer for?
Foundations & Endowments
Large foundations and endowments like Yale orHarvard have the resources to hire dedicated teams ofprofessionals to manage funds. This is often true of thelarge organizations, and while a smaller organization’spassion and zeal may lead to a large fund, there existbarriers to access, oversight, and due diligence whenlarger funds have teams of experienced professionalswho manage full-time. Our services will enable thoseresources to be directed toward your funds.
Non-profits
If non-profits have been successful in delivering themessage and mission of the organization, and donorshave responded, there is money to manage. At somepoint, the size of the fund and the responsibilitiesassociated with it grow beyond the skill set and comfortlevel of staff and/or volunteers. This is where theOutsourced Chief Investment Officer services canprovide structure.
Families
Families with multi-generational wealth face thechallenge of meeting the needs and expectations ofvarious family members. An Outsourced ChiefInvestment Officer engagement will bring the processobjectivity and communication tools to meet goals andexpectations to effectively increase accessibility tounique investment offerings that can be difficult toobtain.
The Question:
Are smaller organization and funds being left with little or no
choice but to avail themselves of a local financial planner who
doesn't have the reach, resources, and experience of a more
experienced team?
This paradox gives rise to the “Outsourced ChiefInvestment Officer”, designed to provide the access,experience, and research often unexplored by the smallerfunds. These funds can have the access to specializedknowledge, investment skill, and unique portfolio designsthat are often left to the “big funds”.
An Outsourced Chief Investment Officer through WhiteOaks Investment Management can provide the process,procedure, and access for funds, cost-effectively andprofessionally.
Trends in Outsourcing
Investment Outsourcing isGrowingAccording to a 2016 SEI study,
$872.6 BILLIONwas outsourced (3).
That's upfrom $90.9BILLIONin 2007.
Explore the services of White Oaks OCIO:
Fund Management
Tying together reports in a consistentmanner is time consuming and demandsaccuracy and consistency. Professionalshave systems to handle multiple investmentsand reporting consistently. Rebalancing tothe organization’s policy statement is aproven way to add returns over time.Effective fund management using anOutsourced Chief Investment Officer canensure accuracy, consistency, andprofessionalism.
Investment Research
Too often research is done one idea at atime, proposed by an associate of a staffmember or member of the board. Eachinvestment has a story, and no promoter ofan investment intends to tell a story otherthan the glowing benefits of their idea. AnOutsourced Chief Investment Officer usesdata, experience, and research databases toexamine the idea from all sides. This moneyis important- the investments need to beplaced on merit, not relationships.
Investment Reviews
Periodic reviews of the strategy and theindividual investments are part of establishedfiduciary responsibility. Reporting must beconsistent through all investments to makean intelligent assessment. An OutsourcedChief Investment Officer can assure that thecomponents of the portfolio are beingreasonably represented and compared toeach other, as well as the relevantbenchmark for the strategy.
Performance Reporting
An unfortunate reality is that many managersuse different performance calculations toreport results. You may have noticed thetheme throughout — an Outsourced ChiefInvestment Officer will provide consistencywhen reviewing reports so adequatecomparisons and judgments can beprocessed and decided upon.
Co-Fiduciary Responsibilities
The “F” word in organizations managingmonetary resources for the benefit of othersis “fiduciary”. In short, it is the responsibilityto act in the best interests of others. Havingan experienced fiduciary on board, to haveresponsibility delegated or shared, willreduce the risk of being associated with theprocess. The White Oaks Outsourced ChiefInvestment Officer service can beimplemented not only to provideprofessional process and guide the way tosound decision making, but to ensure anadditional layer of protection for staff andvolunteers.
Due Diligence Services
There is a responsibility to engage in a soundprocess of investigating the merits of allinvestment choices. In some cases, it may besimple, and in others, a more complex set ofresources might need to be engaged. TheWhite Oaks Outsourced Chief InvestmentOfficer service makes investments indatabases and resources, providingindependent advice to meet the fiduciaryrequirements necessary to serve funds ofthis kind.
Meet our team:Please contact our team leaders for inquiries.
Sharon Bloodworth CEO
CEO, CFP
Sharon is CEO of White Oaks Wealth Advisors,Inc. and has been with the company sinceFebruary 2001. Her experience in the financialservices industry dates back to 1993, and includespositions at American Express Financial Advisorsas a Financial Advisor, and the investmentmanagement firm, Lord, Abbett & Co. in New YorkCity, as Client Liaison.
Sharon has a Bachelors of Science in Economics(Hons.) (BScEcon) in European CommunityStudies from the University of Wales, College ofCardiff. She also received the Certificate ofInternational Business Practice from OxfordUniversity through the Lord Mountbatten Program. She also holds the Certified Financial Planner ™designation.
Sharon was recognized as a Five Star WealthManager in the Twin Cities by the Minneapolis, St.Paul Magazine in 2018 and 2011, was honored asa 2013 Top Women in Business by theMinneapolis St. Paul Business Journal, and namedas one of the Top 100 Retirement Plan Advisersby PLANADVISER. She was also a “Forty under40″ recipient 2010 from the Minneapolis St. PaulBusiness Journal. The list highlights fortybusiness/community leaders under forty yearsold. Sharon’s white paper on risk has been postedon the Investment News site and she has beenquoted in CBS Money Watch, USA Weekend, MSNMoney, CNN Money, and profiled on The GlassHammer, a website for executive women.
Email: [email protected]
®
Bob KlostermanFounder & Advisor
CFP , CFWA
Bob obtained is Certified Financial Planner (CFP©)designation in 1989. His expertise in stock optionsand executive compensation plans havepositioned White Oaks as a “go to” firm in regardsto creating thoughtful plans incorporating allsources of wealth creation and preservation.
Bob’s two books, "The Other Path: Illuminating thePath Toward Reduced Volatility While AchievingEquity-Type Returns" and “The Four Horsemen ofthe Investor’s Apocalypse”, share his 40 years ofexperience in building successful portfolios.
In addition, he has authored numerous whitepapers, speaks frequently at regional and nationalwealth management conferences, and is quotedin numerous publications including The Wall StreetJournal, Barron’s, and USA Today. As the leader of White Oaks InvestmentCommittee, he focuses on costs, performance,and appropriateness to clients’ needs.
Email: [email protected]
®
Alex DutyInvestment Analyst
CFA , CIPM
Alex began his career in investment research atThe Roseline Financial Group in Richmond,Virginia. Alex spent nearly eight years at Roselinedoing investment research on third partymanagers, back-testing of various assetallocations, capital markets research, performancemeasurement of client portfolios, and trading ofclient portfolios. He has been doing many of thesame things at White Oaks since relocating toFlorida to join the firm in April 2014.
In addition to these responsibilities, Alex has beeninvolved with client communication through whitepapers and videos since joining White Oaks. Hehas also helped to improve client portfolios as amember of the investment committee by sourcingseveral investment ideas that are now in clientportfolios.
Alex holds a Bachelor of Arts in Economics and aMinor in Mathematics from the College of Williamand Mary in Williamsburg, Virginia and a Master ofScience in Finance from the University of Illinois atUrbana-Champaign, where he specialized infinancial engineering.
Email: [email protected]
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Our mission:
Committed...White Oaks Investment Management is committed to providing you thebest portfolio strategies that have the highest probability of success inmind. Our services are tailored to your organization's or your family’sneeds.
Fee only...Being a fee-only firm allows us to remain objective and client-focused.We have no sales department and no one is on commission. There areno outside parties that we pay money to for referring business to usnor do we accept any compensation from third party sources.
Accredited...White Oaks has received acknowledgements from independentorganizations like CNBC, Worth Magazine, NABCAP Premier Advisors,Advisory HQ, Medical Economics, and more.
Sources:
1) https://en.wikipedia.org/wiki/Investment_outsourcing 2) https://www.ai-cio.com/surveys/2017-outsourced-chief-investment-officer-survey/3) https://www.seic.com/includes/SEI-OCIOTrends.pdf
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