Here are some specific ways we have supported clients in their efforts to integrate impact into their investment activities within the context of their financial requirements and our role as fiduciary.
A Gender Lens Focus For a foundation focused on women’s issues we created a tailored portfolio, selecting investment strategies that give significant weight to the treatment and empowerment of women and girls around the world. In addition, as part of our standard due diligence process we evaluate levels of diversity at the asset management firms we consider. This made it easy for us to favor women-led firms and strategies for this client.
The Future of Water For a client interested in private water investing, we conducted a global search of private equity and infrastructure managers willing to develop funds and impact reporting processes around our client’s specific interests.
Holistic High Impact For a family that desired a significant allocation to high impact, concessionary return investments focused on global community development and environmental conservation, we developed an asset allocation model that includes six such investments. Rather than “carving out” a section of the portfolio, we encouraged our client to take advantage of competitive returns and diversification benefits by adjusting the rest of the portfolio to achieve desired risk and return targets.
Detailed Family Office Support One family office had a long history with a particular custodian and wanted to evaluate other options from cost and manager availability perspectives. Cornerstone conducted detailed analysis, breaking out comparable fees and services by line item. Ultimately, the client decided to move most of its assets to Cornerstone’s recommended custodian on the basis of our analysis. A client wished to place its cash in an institution that was aligned with its sustainability and impact goals (fossil fuel free, focused on lending to small businesses and progressive organizations). Cornerstone conducted due diligence on a number of financial institutions and found one that was a unique fit for this client.
Working with other RIAs An advisory firm was getting questions from a client on sustainable and impact investing and decided to get help. Cornerstone is now an advisor to this firm, helping to source and diligence investment strategies that meet the client’s financial and impact goals.
Cash Impact A client wished to place its cash in an institution that was aligned with its sustainability and impact goals (fossil fuel free, focused on lending to small businesses and progressive organizations). Cornerstone conducted due diligence on a number of financial institutions and found one that was a unique fit for this client.