Investment Change Evaluations

Essential Questions for Plan Sponsors

Learn your investment consultant's value add/loss and discover patterns that can be used to improve future investment decisions.

If your investment consultant has discretionary authority, our unique performance metrics can provide ongoing scoring of their value add/loss.

Although participants have choice, many plan changes are left to the plan sponsor. Score those decisions and improve future decisions.

The investment consultant is critical to plan success. A professional and thorough search will ensure the right fit for ongoing success.

Is your investment consultant adding value? You can try to guess, but if you rely solely on your investment consultant's reports, you will find it impossible to answer.

Fiduciary Protection

Monitoring the investment process is paramount for a fiduciary. Our objective analysis gives peace of mind.


Our studies provide insights not available in standard investment reports.

Apply the Results

Our studies will improve the investment process and future decisions.


Our studies will continue to help beyond the initial report.

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  • keller
    The greatest tragedy in life is people who have sight but no vision.
    -Helen Keller
  • stevenson
    Change is inevitable. Change for the better is a full-time job.
    -Adlai Stevenson
  • sarnoff
    Finance is the art of passing currency from hand to hand until it finally disappears.
    -Robert Sarnoff
  • lynch
    The key to making money in stocks is not to get scared out of them.
    -Peter Lynch
  • buffett
    Risk comes from not knowing what you're doing.
    -Warren Buffett
  • churchill
    If you have knowledge, let others light their candles with it.
    -Winston Churchill
  • drucker
    The entrepreneur always searches for change, responds to it, and exploits it as an opportunity.
    -Peter Drucker
  • confucius
    Only the wisest and the stupidest of men never change.
  • franklin
    When you are finished changing, you are finished.
    -Benjamin Franklin
  • buffett
    Wide diversification is only required when investors do not understand what they are doing.
    -Warren Buffett
  • trump
    Sometimes your best investments are the ones you don't make.
    -Donald Trump
  • templeton
    The four most dangerous words in investing are, "This time it's different."
    -John Templeton
  • lynch
    In this business, if you are good, you are right 6 times out of 10. You are never going to be right 9 times out of 10.
    -Peter Lynch
  • churchill
    All men make mistakes, but only wise men learn from their mistakes.
    -Winston Churchill
  • buffett
    Price is what you pay. Value is what you get.
    -Warren Buffett
  • keynes
    The social object of skilled investment should be to defeat the dark forces of time and ignorance which envelope our future.
    -John Maynard Keynes
  • ruth
    Every strike brings me closer to my next home run.
    -Babe Ruth
  • armour
    The best way to win is by making fewer bad shots.
    -Tommy Armour
  • anonymous
    Experience is the best teacher. Except you get the test first, and the lesson second.
  • zwieg
    It's okay to be wrong. It's not okay to stay wrong.
    -Martin Zweig
  • hogan
    Golf is a game of misses. The guy who misses the best is going to win.
    -Ben Hogan
  • kettering
    A problem well stated, is a problem half solved.
    -Charles Kettering
  • anonymous
    When you don't get what you want, you get experience.
  • santayana
    Those who cannot remember the past are condemned to repeat it.
    -George Santayana
  • jefferson
    With the right information, people make the right decision.
    -Thomas Jefferson

We are pleased that our clients have benefitted from our services. Here is what some of them had to say:

"The evaluation ICE did of our fund's investment consultant was extremely helpful for several reasons. It gave our board an objective and unbiased analysis of the consultant's performance, it helped us satisfy the procedural due diligence of evaluating the consultant, and it helped our trustees understand how to make better decisions in hiring/firing/evaluating money manager performance. Thank you for the hard work and attention to detail your firm delivered in the evaluation."
Frank Litton
Pension Trustee

"After being presented with a new (another) asset allocation strategy, as Pension Trustees, we were left questioning ourselves with how much value (alpha) the Investment Consultant has provided to the Pension Trust since inception of that firm's hiring. ICE's study revealed unique performance metrics that not only allowed the Trustees to measure the past recommendations of the Investment Consultant, but also found ways to improve our decision-making process."
Byron Loney
Pension Trustee

"As a pension trustee, I have found that the evaluation from ICE has given us a better perspective and increased confidence in our investment process"
John Madole
Pension Trustee

"I was curious about the services performed by ICE and found it to be far more than I expected. It is much more than analysis of our investment history. I really believe your Consultant Performance Review is something more trust funds should do."
Joseph Maraccini
Pension Trustee

"ICE provided insightful performance metrics that were not just high level compliance monitoring and due diligence of the investment consultant. But even more important, the data becomes the basis to make better future investment decisions."
Carlene Marra
Plan Administrator

"As Legal Counsel to Multi-Employer Trust Funds I regularly remind Trustees of the need to prudently exercise their investment oversight responsibilities. Investment Change Evaluations' expansive and informative methodology for assessing investment performance provides an invaluable tool which I can recommend without hesitation. Congratulations on creating an innovative and valuable resource for the industry."
Michael Moss, Esq.
Trust Fund Counsel

"Your Consultant Performance Review provided the type of information that is needed to have a meaningful conversation regarding plan assets and how we handle them. It was one of the best meetings we have had in years."
Sean O'Donoghue
Pension Trustee

"A Consultant Performance Review analyzes and measures asset allocation and manager selection decisions. Reporting on these decisions is not available in standard investment consultant reports. The analysis helped trustees fulfill their fiduciary duty to monitor the investment consultant and also revealed ways to improve future investment decisions."
Edward Smith
Plan Administrator

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