Critical to the success of a client’s outsourced investment program, is the OCIO ability to meet the specific needs and preferences of the institution.
RVK conducts in-depth due diligence on OCIO provider to not only aide in selecting strong providers, but in selecting an OCIO that meets the client’s stated needs and preferences.
Sample Scope for OCIO Search Project
- 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.