Define the mandate clearly
Institutional requirements may involve investment objectives, liabilities, governance restrictions and reporting obligations. A well-defined mandate establishes the basis for evaluating potential arrangements.
Examine operational responsibilities
Custody, asset management, administration and oversight are distinct functions. Provider identity, responsibilities and conflicts should be understood rather than assumed.
Keep evidence at the centre
Due diligence should consider legal terms, operational controls and the quality of reporting. Define responsibilities, reporting and service terms around your institution’s requirements.