Ongoing monitoring is a vital component of an overall investment program.  Regardless of how good the investment policy, the asset allocation and the money managers may be, continued vigilance is required to ensure that the investment program stays on track and is responsive to the client's needs.  Once the investment program is operational, the monitoring function begins and continues as an ongoing process.  The IPEX monitoring procedures are designed to address all facets of an investment program.

The most critical aspects of monitoring is that it is performed on a systematic and regular basis, not undertaken as a special project after a major problem has been detected.  By evaluating numerous variables, both qualities and quantitative, throughout the life of an investment program, IPEX is able to detect potential problems, before they arise. Consequently, IPEX can bring these matters to a client's attention before major problems become evident.

While the monitoring process is designed to raise issues, monitoring does not necessarily result in change.  The monitoring process may make the client aware of many items that warrant discussion, but that do not require immediate action.  The client benefits from this approach by having a long lead time to address potential issues and consider alternative solutions, rather than operating in a crises mode and making impulsive decisions.

There is always uncertainty associated with the capital markets.  No investment program, regardless of its asset allocation, its investment objectives, and its money managers, can eliminate that uncertainty.  The question is how best to address it and to minimize it.  If a client is unsure of how its account is positioned or how its account is performing, the uncertainty can become intolerable.  A proper monitoring program should answer all of these questions, and as a consequence provide the client with an appropriate comfort level based upon knowledge and understanding.

In summary, the monitoring process is designed to accomplish two objectives.  First , to detect issues that have the potential to adversely impact an investment program.  Second, to provide empirical data to help the client assess the issue and decide on a corrective course of action.  Throughout this process, IPEX as an independent consultant has the experience, judgment and expertise to help the client to place the issue in perspective, to evaluate all of the available options and to arrive at a consensus decision.