Trustees are under a duty of care to act in the best interests of the charity, and have a duty to manage charitable resources responsibly and yield the best financial returns for the charity.
Trustees have a legal requirement to diversify the investments, to take advice from someone experienced in investment matters as well as to review investments from time to time (an ‘investment advisor’).
The law states that the investment adviser must be someone who is reasonably qualified in their ability and experience of financial matters, such as an investment manager, a financial adviser, or a fellow trustee with appropriate experience.
It also recommends that all charities should have an 'Investment Policy Statement' covering its investment powers; investment objectives; attitude to investment risk; the amount available for investment; how investments will be managed; and benchmarks and targets against which performance will be measured.
At iWealth, we have built our service around priorities of charities and work closely with them to meet specific requirements.
We take time to understand your charity, your long-term strategy, and what you want your portfolio to deliver. We then create a bespoke strategy to match your charity’s income and growth targets, attitude to risk and investment policy.
As we provide independent advice, we can source investment solutions form the whole market providing you with the best solutions to meet your charity’s goals.