The Investment Policy Committee (IPC) is a unique component of our True North model and serves to provide best-in-class thinking and a system of checks and balances for investment decisions, eliminating potential bias towards personal interests, philosophies, and preferences. The purpose of the Committee is to serve as a review and decision-making board, evaluating investment ideas, assessing economic and market trends, and determining firm-wide investment actions. The IPC is a cornerstone of our structure, delivering on the promise of stewardship for our clients.
Members of the Committee bring to the table a variety of investment backgrounds, philosophies, experience, and education. There are six voting members of the IPC including Scott Wood and Mark Gehlbach (True North founders), Matt Fitzsimmons (Director of Research), Chris Haarstick (Senior Research Analyst), Steve Penner (Wealth Manager and Managing Director), and Tim Dwight (Wealth Manager and IPC Chairman).
The Committee meets regularly to discuss proposed investment opportunities and review previously approved ones. During the meeting, information on new opportunities is presented and debated within the Committee. In addition to Fitzsimmons and Haarstick, Taylor Herzog, CAIA (Research Analyst) develops recommendations for the IPC. This allows all aspects of a potential investment choice to be reviewed and discussed within the context of diverse perspectives. The Committee also reviews the current state of recommended investment options to ensure their continued alignment with the goals and objectives of our clients, and are appropriate in the context of current market conditions. Without the consensus of the Committee, an investment cannot be recommended to clients.
