About Us
Services - Asset Management Consulting
Q: What services does the CRMC Treasury team offer to client trusts?
A: The credentialed and experienced CRMC Treasury team can perform the following asset management consulting services:
1) Strategic Advice
- Understand the trust’s liabilities structure, investment horizon, tax requirements, liquidity, and other needs and formulate an Asset Allocation for the trust; revise as necessary
- Draft an Investment Policy for the trust reflecting the above elements; review and revise as needed
2) Implementation
- Search for investment advisors and custody banks; make recommendations on retention/hiring/firing decisions
- Determine and recommend investment objectives for investment advisors; negotiate agreements including terms and fees
- Oversee the activities of investment advisors and custody banks
- Monitor and evaluate risks and returns of investments
- Diversify and rebalance assets as necessary
- Develop customized investment performance reporting systems; prepare timely and comprehensive reports detailing asset allocation and investment performance
Q: What distingueshes the CRMC Treasury team from other service providers?
A: The CRMC Treasury team offers a value proposition based on three key factors:
1) The CRMC Treasury team is the most experienced:
Asbestos trust funds are unique. The CRMC Treasury team has managed the assets of the Manville Trust through separate accounts since 1997 and thus has developed a clear expertise in the field.
The CRMC Treasury team has navigated such major events as the sale of the Johns-Manville Corp., changes in the Trust’s pro-rata payment share, asset re-balancings, and liquidations to meet the Manville Trust’s on-going cash needs. Managing the unique needs of additional client trusts would not be a new process for the CRMC team.
2) The CRMC Treasury team offers a simple solution:
Predicting and forecasting asbestos claims and liabilities is a complex process. The CRMC Treasury team believes that managing the assets to satisfy them should not be. Integrating the claims processing services of CRMC and the asset management services of the CRMC Treasury team, provides a single source through which to quickly and seamlessly coordinate necessary changes in asset management with changes in trust liability structure.
3) The CRMC Treasury team is cost effective:
CRMC understands first-hand that funds paid to third party service providers are funds that otherwise could have been paid to claimants; as such, CRMC is very cost conscious. The CRMC Treasury team is not part of a financial services firm and as a result it does not charge expensive, industry-standard consulting fees or wrap fees. Finally, it does not have any conflicts of interest that may arise from having revenues from investment managers, or, custody, asset management, or brokerage interests.
Q: Whom should we contact for more information about CRMC’s asset management consulting services?
A: Please call the CRMC Treasury team leader, Phuong Do, CFA, at 703-205-0824.