And its funds have multiple managers, meaning no one hogs the glory (or blame).
Its system of running funds with multiple managers keeps investors in the dark about how much of the pot each controls and how well each does.
Ten years ago about 90% of U.S. Trust's clients handed over all their money to it for management, but today 70% of its clients use multiple managers, says Loraine Tsavaris, managing director of the bank's wealth management unit.
"The benefit of having multiple investment managers, custodians and clearing firms all competing for our advisors' business is that you get to drive down costs and increase quality and empower the advisor to be the quarterback for his clients, " says Pottruck.
For example, instead of multiple single deals, invest in managers who can handle multiple investments.
As a result of multiple layers of managers, the fees related to manager-of-manager programs are higher than hiring the underlying managers directly.
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Thus, when a pension invests with multiple fund of funds managers, pension assets may be custodied at over a hundred entities, such as banks, trust organizations and brokerages, located domestically and abroad, which may or may not be regulated and which may or may not be financially sound.
The researchers moved forward to investigate what sort of events triggered managers to deploy multiple messages.
FORBES: It's Not Nagging: The Power of Persistent, Redundant Communication
Managers in the workplace have a unique role to play with multiple and continuously evolving responsibilities.
The opportunity to establish the brand as a thought leader in multiple social media channels, such as webcasting and podcasting, allows brand managers to proactively manage marketplace perceptions of their business.
However, in our experience many pensions are advised by their so-called independent consultants to invest a significant percentage of their assets, say 20%, in not just one but multiple hedge funds of funds, involving 50 to 150 underlying hedge fund managers.
When it comes to more advanced strategies that incorporate multiple pages on multiple networks managed by multiple stakeholders (imagine an entire sales team of 6, 000 relationship managers mobilized on social networks), the potential for risk increases exponentially without proper policies and processes.
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Instead, hiring managers should realize that many of the people they are interviewing have multiple choices.
Research showed that asking employees to do something multiple times, whether in person or via technology, is especially common for managers who are under intense pressure to finish particular projects.
FORBES: It's Not Nagging: The Power of Persistent, Redundant Communication
Cantalupo also sent 900 operations missionaries into the field, each visiting stores multiple times to fine-tune operations while also conducting daylong seminars where store managers could share tips from corporate kitchen gurus--such as where to place staff--that might shave precious seconds off average service times.
Neeley and coauthors delve into why many managers tend to send the same message, over and over, via multiple media to team members.
FORBES: It's Not Nagging: The Power of Persistent, Redundant Communication
The group said they've gotten multiple reports of people either being asked for their passwords or required to "friend" managers when they were applying for jobs.
Red Hat hopes its support of multiple open source applications running on Linux will make the platform more attractive to corporate network managers looking for cheaper alternatives to commercial server operating systems.
Managers who inundate their teams with the same messages, over and over, via multiple media, need not feel bad about their persistence.
FORBES: It's Not Nagging: The Power of Persistent, Redundant Communication
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