Search and Evaluation Process

We understand that each client has specific needs and levels of involvement of staff, investment committees, and boards. As such, RVK carefully customizes each OCIO project to meet a client’s unique needs.

Upon establishing a customized project scope, RVK’s OCIO Evaluation and Monitoring Team seeks to obtain a deep understanding of our client’s governance structure, investment portfolio, reporting, operational, back office, and ad hoc needs.

Provided below is an overview of the six critical components we assess during a search and evaluation project.

Common OCIO Search Project Scope Overview

  • Client-determined scope of service
  • Education on fiduciary roles and implementation - Optional
  • Detailed project plan and timeline
  • In-depth review of client's governing documents
  • Interviews with fiduciaries - individually or collectively
  • Issuance of customized OCIO RFP
  • Flexible evaluation report - executive summary and comprehensive - qualitative and quantitative
  • Presentation of RVK report to staff and/or Investment Committee to discuss finalist candidates
  • Interviews of OCIO finalist candidates with the Investment Committee and RVK, coordinated by RVK
  • RVK facilitated discussions with IC to evaluate finalist candidates and determine a selection decision
  • Assistance with subsequent discussions between the client and the selected firm to help foster a seamless transition, including, but not limited to, the review of:
          • Contract with OCIO provider (non-legal review);
          • Client-specific needs;
          • Proposed timeline for transition;
          • Back-office support;
          • Asset allocation; and
          • Appropriate benchmarks.