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End-to-End Institutional Investment Management
Full OCIO services providing investment oversight, governance support, and long-term portfolio management aligned with your organization's strategic priorities.
Philanthropic Organizations
Explore our financial stewardship services for mission-driven institutions. Select a service below to preview our approach — then visit the full page for a deeper look.
Full Discretionary Investment Management for Institutional Portfolios
Some organizations don't want to advise on investments — they want someone to handle them entirely. An Outsourced Chief Investment Office (OCIO) gives your board exactly that: a dedicated investment professional with full discretionary authority to manage your portfolio, execute trades, rebalance allocations, and make real-time decisions — without waiting for committee approval on every move.
Bull Run Investment Management, LLC ("BRIM") serves as your organization's outsourced CIO — managing the entire investment program on Charles Schwab with discretionary authority. We build the portfolio, set the allocation, execute trades, monitor performance, and report back to your board quarterly. Your committee sets the policy and oversees our work. We do everything else.
This is the highest level of delegation an organization can extend to an outside advisor. It requires trust, transparency, and a clear governance framework — all of which we establish before the first trade is placed.
Outsourced CIO Services
As your outsourced CIO, BRIM takes full responsibility for the investment program — from policy design to daily portfolio management. Your board sets the guardrails. We manage everything within them.
Discretionary Portfolio Management
BRIM manages the entire portfolio on Charles Schwab with full discretionary authority — executing trades, rebalancing allocations, and adjusting positions in real time without waiting for committee votes. Your board sets the IPS; we execute within it.
Investment Policy Design
We draft the Investment Policy Statement in collaboration with your board — defining asset allocation targets, allowable ranges, risk parameters, rebalancing triggers, liquidity requirements, and any values-based or ESG constraints your organization requires.
Spending Policy & Cash Management
Managing the interplay between your investment portfolio and your operating needs — ensuring sufficient liquidity for grants, distributions, and operations while keeping excess reserves invested for long-term growth.
Performance Reporting & Attribution
Quarterly board reports with full performance attribution — returns by asset class, benchmark comparisons, risk metrics, spending rate analysis, and forward-looking commentary. Clear, visual, jargon-free reporting your board can act on.
Governance & Fiduciary Support
Helping your board maintain proper governance documentation — meeting minutes templates, IPS review schedules, fiduciary checklists, and the paper trail that demonstrates your organization is meeting its duty of care and loyalty.
Vendor Coordination
Serving as the single point of contact between your board, your accountant, your legal counsel, and your custodian — ensuring every party has the information they need and all deadlines are met without the board chasing anyone down.
The OCIO Engagement
Delegating your investment program to an outsourced CIO is a significant decision. Our onboarding process is designed to build trust, establish clear governance, and ensure every decision is transparent from day one.
Discovery & Portfolio Assessment
We review your current investment portfolio, governance structure, spending policy, existing IPS, and organizational needs. We identify what's working, what needs to change, and what level of risk and return your mission requires.
IPS Design & Board Approval
We draft a comprehensive Investment Policy Statement — presented to your board for discussion, revision, and formal approval. This is the governance document that defines the rules we'll operate within. Nothing happens until the board signs off.
Portfolio Construction & Transition
We build the portfolio on Charles Schwab — constructing the target allocation, executing the initial trades, and managing any transition from your prior custodian or investment manager. Tax implications of the transition are coordinated with Brian Wendroff, CPA.
Ongoing Discretionary Management
BRIM manages the portfolio day-to-day — rebalancing, cash management, trade execution, and tactical adjustments within the IPS guidelines. Your board receives quarterly performance reports and an annual IPS review, but doesn't need to approve individual investment decisions.
Organizations That Benefit from an Outsourced CIO
OCIO is ideal for organizations that have meaningful assets to manage and a board that wants to delegate the investment program entirely — while retaining oversight authority through clear governance.
Private & Family Foundations
Foundations with endowments that need to balance long-term growth with the IRS 5% minimum annual distribution. BRIM manages the portfolio, monitors the spending rate, and ensures the investment strategy supports perpetual grant-making without eroding the corpus.
Educational & Institutional Endowments
Schools, universities, and cultural institutions with permanent funds. The board sets the spending policy, BRIM manages the investments to support it — with full discretion to rebalance, adjust, and respond to market conditions without delay.
Nonprofit Organizations
501(c)(3) organizations with operating reserves, donor-restricted endowments, or planned giving assets that need professional management. BRIM handles the entire investment program so your executive director can focus on the mission, not the markets.
Religious & Faith-Based Institutions
Churches, synagogues, and religious organizations with endowments or reserve funds. We manage the investments with full transparency, align the portfolio with the institution's values if requested, and provide the clear reporting your congregation expects.
Transparent Reporting, Complete Accountability
Discretionary authority comes with full transparency. Your board will always know exactly what's happening in the portfolio, why decisions were made, and how performance compares to expectations.
Performance & Attribution Report
Returns by asset class and total portfolio, benchmark comparisons, performance attribution analysis, risk metrics, and commentary on market conditions and positioning — formatted for board presentation.
Transaction & Activity Summary
Every trade executed during the quarter — what was bought, what was sold, why, and the impact on the portfolio. Full transparency into every discretionary decision BRIM made on the organization's behalf.
Spending Rate & Cash Position
Current spending rate vs. policy, cash reserves, upcoming liquidity needs, and forward projections — ensuring the board always knows whether the distribution rate is sustainable and reserves are adequate.
IPS Review & Recommendation
Annual review of the Investment Policy Statement — evaluating whether the allocation targets, risk parameters, and spending policy remain appropriate given market conditions and organizational changes.
Board Meeting Attendance
BRIM attends quarterly board or investment committee meetings — presenting the reports, answering questions, and providing the context your board needs to fulfill its oversight role with confidence.
Vendor & Accountant Coordination
Year-round communication with your accountant, legal counsel, and any other service providers — ensuring tax filings, regulatory deadlines, and governance requirements are handled without board intervention.
One CIO, Managing Everything
BRIM serves as your dedicated outsourced CIO — with full discretionary authority, total transparency, and coordination across every service provider your organization works with.
The Volunteer Committee vs. The BRIM OCIO
Let Your Board Govern. Let BRIM Invest.
If your organization is ready to delegate the investment program to a dedicated professional — with full transparency, clear governance, and a fiduciary standard that puts your mission first — we'd welcome the conversation.
Questions? Seeking Further Insight?
Connect with our team to discuss your goals. No obligations, no pressure — just a straightforward conversation about how we can help.
Questions? Seeking Further Insight?
Connect with our experts at BRIM.