Association Investment Policy Statement (IPS) Best Practices

Association Investment Policy Statement (IPS) Best Practices

Event Information

Date(s):

Oct 28, 2021 - Oct 28, 2021

Time:

12:00 PM - 1:00 PM

Location:

CAE Credits:

1

Levels:

Applied, Strategic

Member Price:

$0.00

NonMember Price:

$0.00

Description

The main document guiding the management of an association’s reserves or investment pool is the investment policy statement (IPS). The IPS should be specific to provide the best thinking of the association’s board about the investments, but flexible to guide the board through markets that may differ from when the IPS was established. At its core, the IPS serves as a road map to the association’s reserves or investment pool, and provides clarity on items such as investment objectives, liquidity needs, risk tolerance, roles and responsibilities, asset allocation guidelines, benchmarking and performance reporting.

Join our ASAE Investment Center Partners as they discuss the best practices for an association’s IPS. This panel will discuss the key elements for a well-crafted IPS that include sections on:

  • Governance
  • Strategy
  • Performance measurement

 

Learning Objectives:

After this session, you will:

  • Know the elements of a thoughtful IPS for your association’s reserves or investment pool
  • Know the specific roles and responsibilities of all interested parties (Board, Investment Committee, Staff, Investment Advisor)
  • Know the specific asset allocation guidelines used to provide sufficient diversity
  • Know what measurements to use to evaluate the performance of the reserves or investment pool

 

  • Speakers

    • Susan Traver

      Susan is a partner and senior advisor at Brown Advisory. She has over thirty years' experience working with families and trade associations to understand and solve their unique wealth management needs including investment management, strategic planning and client service. Susan’s community involvement includes: Advisory Board Member, Elon University Love School of Business; Board Member, Habitat for Humanity Metro Maryland; Board Member, Juvenile Diabetes Research Foundation (JDRF). Susan received her Masters of Business Administration degree from American University and her Bachelors of Science degree at Auburn University.

      Ahmed Farruk

      Ahmed services institutional clients by providing advice and counsel on all areas of fund oversight including policy, asset allocation, manager research, portfolio structure, portfolio rebalancing, performance monitoring and overall investment policy. Prior to joining the firm, he was Deputy Managing Director at ORION Investment Advisors, which was acquired by the firm in 2017. He received a BA in Economics from the University of Virginia and obtained the title Certified Investment Management Analyst (CIMA®) from the Investments & Wealth Institute’s (formerly IMCA) accreditation program at the Wharton School of Business. A member of the Investments & Wealth Institute, he also serves on the editorial board of the Institute’s bimonthly educational magazine, Investments & Wealth Monitor. Ahmed is a Past Chair of the ASAE Finance and Business Operations Section Council and is a co-author of Association Investment Policies, Practices and Performance, published by the ASAE Foundation. When he’s not playing with his young daughter, Ahmed is nervously following his Virginia Cavaliers athletic teams.

      Allan D. House

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      Nat Bartholomew, CPA

      Nat Bartholomew, CPA is a Partner with CliftonLarsonAllen and has 27 years of public accounting experience. For the past 23 years, Mr. Bartholomew has exclusively served not-for-profit clients and is a nationally recognized expert in audit, accounting, tax and technology issues facing associations and their related for-profit and not-for-profit organizations. Mr. Bartholomew is a frequent speaker and author, and has addressed the memberships of the American Society of Association Executives (ASAE), the American Institute of CPAs (AICPA), the Greater Washington Society of CPAs (GWSCPA), the Virginia Society of CPAs (VSCPA), and several of the country’s leading not-for-profits on such topics as reserve strategies and policies, benchmarking and trend analyses, dashboard reporting, internal controls, fraud and embezzlement, unrelated business income and other tax issues, fiscal governance matters such as whistleblower policies and codes of ethics, and timely topics such as the impact of PPACA, the Tax Reform Act of 2014, and political activity rules affecting associations. As an active member of ASAE & The Center, Mr. Bartholomew is the Past Chair of the Industry Partner Alliance, a member of the Key Consultant Committee, and a former member of the Finance & Business Operations Section Council. Mr. Bartholomew is a Past President of the Arlington Rotary Club and resides in Arlington, VA with his wife Sharon, and their two children.

  • Sponsors & Partners

    • ABSI Investment Center