Friday, April 22, 2022

Excerpt Tour and Giveaway - The Investment Committee Guide to Prudence: Increasing the Odds of Success When Fulfilling Your Fiduciary Responsibilities in the Administration of Pension/Investment Assets by Jonathan J. Woolverton, CFA

Welcome to my stop on the excerpt tour for The Investment Committee Guide to Prudence: Increasing the Odds of Success When Fulfilling Your Fiduciary Responsibilities in the Administration of Pension/Investment Assets by Jonathan J. Woolverton, CFA. This tour was organized by Goddess Fish Promotions. On my stop, I have an exclusive excerpt from the book. There's also the tour wide giveaway for a chance to win a $15 Amazon or Barnes & Noble gift card. Be sure to visit the rest of the stops on the tour for more exclusive excerpts. Enjoy!
Title: The Investment Committee Guide to Prudence: Increasing the Odds of Success When Fulfilling Your Fiduciary Responsibilities in the Administration of Pension/Investment Assets
Author: Jonathan J. Woolverton, CFA
Publisher: Tellwell Talent
Publication Date: December 29th 2021
Print Length: 299 pages
Genre: Non-Fiction
JJ's investment career spans more than five decades. He has been the chief investment strategist for a pension plan sponsor, a managing director and senior consultant within a global investment planning consultant firm, and a managing director and chief operating officer of an investment management organization. Over his career, JJ has attended well over a thousand investment committee meetings as a plan sponsor, a consultant, and a money manager. In the majority of these meetings, he has found that committee members lack three things: in-depth investment expertise to effectively carry out their fiduciary responsibilities, the necessary time allocation to administer and manage the investment program in the best interests of the beneficiaries, and the ability to develop an efficient monitoring system to hold all service providers accountable for the products and services they provide.

This book outlines the steps to be taken in establishing investment policy; formulating asset mix strategy; creating an appropriate investment management structure; undertaking investment manager searches; and highlighting the conflicts of interest, biases, and self-interests of the various service providers.

This book is designed to assist members of investment committees in their role as fiduciaries/trustees/administrators.

With most professions (e.g., accounting, law, teaching, and medicine), there are good professionals and there are bad ones—the few who may take advantage of their positions for their own financial benefit, gains, and self-interest. However, there really is no industry quite like the investment management industry when it comes to the potential of rewarding unethical behavior. The financial benefits to investment professionals or organizations of pushing the envelope a little further can run into the tens of millions of dollars. The investment industry likely has more conflicts of interest between those administering the funds for the benefit of their beneficiaries and those in a servicing capacity for the assets managed.

I acknowledge that my comments sound pretty dire and, perhaps, somewhat cynical. By and large, the pension and investment fields and the service providers supporting them operate with a high degree of integrity, honesty, prudence, and trustworthiness. However, several potential conflicts of interest exist and have been breached at one time or another. The purpose of this chapter is to outline conflicts and the potential conflicts of interest that the various service providers have in interacting with pension and investment funds. As well, there are some services (although, perhaps, not within the normal definition of “conflict of interest”) where plan sponsors might be at a disadvantage given the specific nature of the service or product offered—not really getting the value they paid for. This will allow investment committee members to form their own judgments as to whether these conflicts or potential conflicts of interest could or would negatively affect the ongoing function of the investment program.

The conflicts of interest that arise for some of the various service providers are discussed in the following sections.






Jonathan J. Woolverton, CFA, has spent his whole career in the investment field—over fifty years. After graduating from university in Pennsylvania, he moved to Toronto, Canada, where he began his career in the investment department of an insurance company. In his role as investment officer he was responsible for formulating investment strategy and overseeing all investments within the equity and fixed-income divisions. JJ later joined Ontario Hydro as their chief investment strategist where all pension funds were managed internally.

JJ left the money management business to become an investment planning consultant. He was a founding partner and managing director of Frank Russell Canada. He moved back to the money management side as the managing director and chief operating officer of Guardian Capital Inc. JJ graduated from Westminster College with a BBA and achieved his Chartered Financial Analyst certification. JJ has published numerous articles on the pension and investment industries and has been the keynote speaker at many conferences and seminars.

Jonathan J. Woolverton, CFA will be awarding a $15 Amazon or Barnes & Noble gift card to a randomly drawn winner via Rafflecopter. Good luck!

(All the Ups and Downs is not responsible for this giveaway, its entries, or the prize. Goddess Fish Promotions and the author assume all responsibility for this giveaway.)

a Rafflecopter giveaway


  1. Looks like an interesting book.
    Thanks for the contest. 

  2. Sounds like a very interesting book.

  3. thanks this sounds interesting, nice cover too

  4. Love the hummingbird on the cover.

  5. The authors' credentials are impressive.

  6. Sounds like a good book. I like the cover.

  7. looks like a fun one

  8. It is too pretty a day to think about anything!

  9. I appreciate in this day and age your writing a book of importance as this. It’s certainly inspired me to review my financial future!

  10. Thank you, the book sounds interesting.