Overview

Serving on the investment committee or leadership team of a foundation, endowment or charity is the ultimate act of stewardship. In these roles, board members must protect the financial interests of the organization, abide by all relevant regulation and set a course that future stewards can follow.

We help these non-profit entities and their leaders by acting as a fiduciary to the fiduciaries. In addition to providing investment advice and portfolio management, LBA shares our experience and independent perspective to help committee members implement practices that promote efficient operation and inform prudent decision making.

An important element of this work is establishing an investment policy statement (IPS). The IPS acts as a roadmap for the committee, describing the organization’s investment strategy, goals and constraints. Once an IPS is in place, it guides the committee in asset allocation, security selection and other critical decisions. Further, it provides continuity and clarity as board member terms expire and new members join the board.

Perspectives

LBA Monthly View | March 2021

– Notable: semiconductor shortages, TSA screening volumes, Chinese car sales, gig worker taxes
– Company Highlights: Keurig Dr. Pepper, Johnson & Johnson, Visa, Procter & Gamble
– On Our Minds: How has the ARK sprung a leak?

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POSTED IN: LBA Monthly View

LBA Monthly View | February 2021

– Notable: Lumber prices, bankruptcies, US greenhouse gas emissions, credit card spending, retail growth
– Company Highlights: Tyler Technologies, Amazon, Madison Square Garden, Apple Union Pacific
– On Our Minds: SPAC Attack

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POSTED IN: LBA Monthly View

LBA Monthly View | January 2021

– Notable: Instant ramen market, single-family home sales, bifurcation of US labor economy, mass vaccination sites
– Company Highlights: PepsiCo, Madison Square Garden Sports Corp, Johnson & Johnson, American Tower, Nvidia, Apple
– On Our Minds: The Tangible Thing About Intangibles

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POSTED IN: LBA Monthly View

LBA Monthly View | December 2020

– Notable: COVID-19, retail and digital spending trends, Christmas tree profit margins
– Company Highlights: Tyler Technologies, Amazon, American Tower Corp, Keurig Dr Pepper, Edwards Lifesciences Corp.
– On Our Minds: A message of unity and hope

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POSTED IN: LBA Monthly View