When it comes to managing finances, one thing that frequently gets overlooked is how many different and competing emotions can factor into the process. Money often represents a lot more to people than just currency and means of exchange. It can feel like freedom, security, a means of generosity, and a way to help provide – while on the other hand, it can bring anxiety and apprehensiveness. While we want to tap into emotions to help define goals that are meaningful and reflective of a client’s values, one of our roles as your financial advisor is to balance the emotional side with objective outlooks and strategies. Letting emotional swings overrule well-thought-out investment decisions can often be an obstacle to longer-term financial success.
At JNBA Financial Advisors®, one of the ways we support clients in this way is through our Investment Committee. No two clients are exactly alike in circumstances and objectives, which is why having a dedicated advisory team that is intimately familiar with your unique goals and situation is so important. The JNBA Investment Committee is comprised of a deep bench of investment professionals who meet regularly to discuss economic and current events that could have implications for all client portfolios, providing deeper accountability to both our processes and our decisions. The JNBA Investment Committee collaborates behind the scenes, monitoring and benchmarking performance, looking holistically for opportunities that could benefit the families with whom we work. This team sets precedents and best practices regarding our portfolio strategies, synthesizing research so that your JNBA Advisory Team can focus on tailoring the more personal strategies to you and your goals.
Members of the JNBA Investment Committee have specific roles and responsibilities that include reviewing investments on an ongoing basis and formally reviewing every client portfolio every 10 business days. The team leverages top independent research and parses data from sectors, industries, individual securities, and the economy to formulate recommendations on appropriate strategy shifts. Performance is formally monitored by the Committee each week to identify any investment vehicles that have material underperformance relative to their benchmarks. The Committee will then perform due diligence to better understand the drivers of performance and to determine if further action is needed. This includes monitoring a fund’s qualitative factors such as staff turnover, asset bloat, ownership changes, style shifts, or other aspects that could impact future performance.
From there, our Investment Committee performs sub-asset class reviews bi-monthly, which includes an evaluation of the respective sub-asset class as well as current and prospective funds/ETFs and managers. If the Investment Committee agrees further investigation or due diligence is required, we will begin to assess the opportunity or drivers of these concerns and take further action as needed.
As with everything we do at JNBA, our collaborative and team approach is vital to how we advocate for clients’ best interests. This is intentional in helping drive results and purposeful in striving to provide tremendous peace of mind for the individuals and families we serve. Every decision is guided by a team of seasoned professionals and supported by layers of accountability. This keeps emotions from taking the wheel while staying deeply aligned with our clients’ values, passions, and goals. And that is the foundation of JNBA’s advice driven by advocacy® approach.
Due to various factors, including changing market conditions and/or applicable laws, some of the content may no longer be reflective of current opinions or positions. Moreover, you should not assume that any discussion or information contained in this blog serves as the receipt of, or as a substitute for, personalized investment advice from JNBA Financial Advisors.
Please see important disclosure information at jnba.com/disclosure
