Policy alignment
Does the portfolio still match the IPS, target allocation, risk limits, and liquidity needs?
Board-governed portfolios
Flat-Fee Portfolio Management Built for Board Oversight
Boards need more than a performance chart. They need a written policy, an understandable allocation, clear rebalancing notes, and reports that make fiduciary review easier.
Short answer
What Does a Board Need From an Investment Advisor?
A board-governed portfolio needs an advisor who can translate investment decisions into policy, reporting, risk control, and meeting-ready documentation.
A fixed annual retainer can fit when the work is mostly governance support, IPS alignment, rebalancing, quarterly reporting, and review meetings rather than asset gathering or product sales.
Board packet
What the Reporting Should Make Clear
Performance context
How did the portfolio perform, what drove results, and what does the board actually need to decide?
Rebalancing notes
What changed, what stayed the same, and whether any action is recommended before the next meeting.
Scope
Board-Governed Portfolio Support Can Include
- IPS review or drafting support.
- Investment objective and liquidity segmentation.
- Target allocation and permitted investment review.
- Quarterly reports for board packets.
- Biannual or quarterly investment review meetings.
- Discretionary or non-discretionary rebalancing when appropriate and documented.
- Fixed annual retainer pricing by scope.
Pricing
Board-Governed Portfolio Pricing Is Scope-Based
Board-governed portfolio engagements are quoted separately from Flames FP household memberships.
Flames FP provides a fixed annual retainer based on the scope of work, not portfolio value.
Related pages
Other Institutional Flat-Fee Pages
Institutional hub
See the full B2B page family.
Open hubNonprofits
For member-controlled organizations and nonprofit boards.
Nonprofit pageCorporate reserves
For businesses managing cash, reserves, and low-risk investment portfolios.
Corporate pageFAQ
Board Portfolio Management Questions
What is an Investment Policy Statement?
An Investment Policy Statement documents the portfolio purpose, roles, risk tolerance, liquidity needs, target allocation, permitted investments, rebalancing process, and reporting cadence.
How often should a board review an investment portfolio?
Many boards review quarterly reports and hold biannual or quarterly investment meetings. The right cadence depends on portfolio complexity, cash needs, and governance requirements.
Can board reporting be plain English?
It should be. A board report should help directors understand policy alignment, risk, performance, liquidity, and recommended actions without requiring them to be investment specialists.
Next step
Need Better Portfolio Reporting for a Board?
Share the current IPS, report format, portfolio size, meeting cadence, and allocation. Flames FP can review whether a fixed-retainer reporting and portfolio oversight scope fits.