Successfully managing an organization’s investment assets is the culmination of various interested parties (both internal and outside vendors) working together to make informed decisions on a timely and efficient basis. Many times human nature, emotions and intense marketing from financial services institutions are all working against the organization in their attempt to preserve investment capital and maximize investment returns.
Behavioral science is a field that formalized many insights into the functioning of group decision making. Investment committees have the potential by design to be highly productive or terribly dysfunctional. Concord has the experience and expertise to ensure that committees are well functioning. By following sound decision-making procedures, coupled with utilizing objective expert advice and counsel, in a structure that is efficient from a cost, as well as an operating basis, the chances of success are actually quite high.