UBS Wealth Management Americas (WMA), and UBS Asset Management, divisions of UBS Group AG, today launched UBS Outsourced Chief Investment Officer (OCIO), a new service to address the needs of institutional clients and those who serve on investment committees at institutions such as religious organizations, pension funds, foundations, endowments, alumni associations and charities. This program combines UBS's consulting experience and investment heritage, providing clients the ability to retain portfolio oversight while delegating investing decisions to experienced managers.
"Outsourcing investment decisions to a knowledgeable and dedicated discretionary consultant, rather than relying on those within the organization who have differing responsibilities, can better help organizations accomplish their missions," said Peter Prunty, head of UBS Institutional Consulting. "UBS OCIO has the institutional skills and asset management expertise to work on behalf of clients to help them achieve their investment goals, giving clients more time to focus on their organization's objectives."
"In partnering with our colleagues in Wealth Management Americas to deliver a compelling OCIO offering, we are focused on enabling clients to concentrate on what matters to them and their organization," said Frank van Etten, Head of Client Solutions for UBS Asset Management. "We have complemented the institutional offering of a global asset management organization with the accessibility of a local financial advisor who understands each particular client's needs."
The OCIO program combines UBS Institutional Consulting's three decades of experience servicing pensions, foundations and endowments with UBS Asset Management's 30-plus year history of customizing investment solutions and expertise in asset allocation. Institutional Consultants work with clients to understand an organization's objectives, risk tolerances, liquidity needs and other considerations, then help clients prepare a strategy. By working with clients to craft an investment policy statement that reflects their objectives, Institutional Consultants help ensure that investment decisions align with an organization's mission.
The improved governance and shared fiduciary responsibility that OCIO provides can help clients better manage risk. OCIO also moves many administrative burdens from the client to UBS through a disciplined process that keeps clients focused on results. In addition, Institutional Consultants deliver regular performance reports and economic and market intelligence to help keep clients updated and on track.