Provider Profiles
WTW
| Profile | |
| Business Model§ | Implemented consulting |
| Year Entered Into OCIO Business | 1998 |
| No. of Relationship Managers/Salespeople | 199 |
| No. of OCIO Portfolio Managers | 25 |
| OCIO % of Total Firm Revenue | 0% |
| No. of Clients, Full Discretion | 346 |
| Full Discretionary Assets | |
| Total Full Discretionary OCIO Assets | $105.6b |
| Discretionary Assets by Fund Type | |
| Defined Benefit | $65.4b |
| 401(k), 403(b), Other DC | $33.2b |
| Endowments/Foundation | $97mm |
| Healthcare Pools (Board designated, funded depreciation) | $0mm |
| Other | $6.9b |
| Portfolio Construction |
| Our philosophy is based on a total portfolio approach, seeking to ensure every decision in the portfolio is optimal in relation to our clients’ total portfolio and is underpinned by 3 key tenets: 1. Risk Adjusted Allocators Directly Linked to Risk and Return Goals: We allocate across a series of risk premia or return drivers that compensate investors for taking on various macroeconomically driven risks, which can produce positive long-term excess returns over cash. By using a diverse range of investments (representing different risk premia), we can increase the level of diversification within the portfolio. 2. All Investment Opportunities Compete for Capital: Each investment opportunity individually competes within a consistent evaluation framework at the total portfolio level. 3. Continuous and Dynamic Focus on Achieving Client Objectives: The connection with dynamism allows us to better exploit risk premia as market conditions, plan risks and our clients’ circumstances change. |
| §OCIO only: Open-architecture (no proprietary products used): Investment outsourcing is only business line. OCIO + other: An open-architecture/manager-of-manager investment outsourcing platform as one of multiple business lines. Implemented consulting: i.e. consulting firm that also has discretion over assigned assets. Proprietary/non-proprietary: An investment outsourcing platform that offers proprietary products alongside non-proprietary products. Other: OCIO Platform is something other than the 4 types listed above. |