What We Do - CapVisor Associates

Consulting & Outsourced CIO

We act as your Chief Investment Officer in a non-discretionary, fiduciary capacity — an employee-owned advisory not affiliated with any firm that manages money for our clients. Our consulting service involves assuming primary oversight responsibility of virtually all aspects of an insurer’s investment program while working closely with clients as an extension of their executive management.

Design or redesign your investment plan: investment policy statement, guidelines, customized benchmarks, and rebalancing rules
Strategic asset allocation analysis, portfolio optimization, and tax optimization (for taxable relationships)
Manager selection from the entire manager universe, plus implementation support
On-going monitoring, evaluation, and risk-adjusted performance measurement
Correlate investment activities to your liability structure using asset liability management (ALM) and enterprise risk management (ERM) best practices
Board or Investment Committee meeting attendance, with candid evaluations of investment performance and goal achievement

Fee basis: Portfolio market-value based.

Manager Search & Selection

For insurers who already have an optimized program and simply need to add or replace a manager. CapVisor utilizes one of the largest investment manager performance databases in the industry — 2,300+ managers and 20,000+ strategies — and focuses exclusively on top-quartile performers, identified through a 13-statistic, Modern Portfolio Theory (MPT) risk-adjusted scoring process (alpha, information ratio, capture ratios, Sharpe, Sortino, Treynor, drawdown, and more) following CFA Institute best-practice guidelines.

Option 1: Network Search

No fee from CapVisor. Selection from our pre-vetted network of about 30 top-quartile insurance asset managers (standard manager fees apply). CapVisor remains involved with “lite” consulting on plan documentation and asset allocation, plus on-going quarterly risk-adjusted reporting.

Option 2: Full Universe Search

One-time negotiated fee based on search complexity. Selection from the full database of 2,300+ managers, typically narrowing to 3–6 best-fit candidates after evaluating your specific requirements.

Steward Model Portfolio Series

A suite of professionally constructed, multi-asset model portfolios for companies seeking institutional-quality allocation without the complexity of a fully customized engagement. Each portfolio represents a defined allocation strategy, implemented through CapVisor’s network of top-quartile performing specialized subadvisors and managers.

Liquidity Reserve 100% Short-Intermediate US Investment Grade Bonds

Defensive Income 90% Intermediate IG Bonds / 10% US Large Cap Stock

Balanced Growth 80% Intermediate IG Bonds / 20% US Large Cap Stock

Diversified Return 70% Intermediate IG Bonds / 20% US Large Cap Stock / 10% Short Duration High Yield Bonds

Strategic Growth 50% Intermediate IG Bonds / 30% US Large Cap Stock / 10% Short Duration High Yield Bonds / 10% Alternatives

Each portfolio features

A strategic asset allocation
Manager selection across asset classes
Ongoing oversight, monitoring, and reporting

Defined portfolios for efficient implementation — with a clear path to customization when needed.

When to use the Portfolio Series

Well suited for clients seeking a turnkey, professionally managed allocation; products with smaller or standardized mandates; situations requiring speed and simplicity; or intermediaries looking for a repeatable solution for their clients.

When to use Consulting instead

Best for clients seeking customized programs using ERM/ALM techniques, asset allocation optimized around a specific liability structure, or a manager-of-managers with full program oversight. CapVisor will not place consulting clients within the Steward Model Portfolio Series — the two services are kept separate to avoid any conflict of interest.

Project-Based Services

Targeted, pre-approved-fee engagements designed to meet a specific investment goal:

Align your investment program with your insurance company’s liability structure
Define appropriate risk levels for your investment program, incorporating ERM principles
Immunize your bond portfolio against adverse interest rate movements (ALM)
Update your Investment Policy Statement (IPS) with customized risk/reward parameters, benchmarks, and rebalancing rules
Use our proprietary Strategic Asset Allocation Optimizer to determine optimal asset class allocations for maximum return and minimal risk
Peer group studies, and assistance selecting custodians or trustees for Reg. 114 collateral arrangements
Reinsurance analysis and optimization, tactical portfolio optimization

Fee basis: Flat, negotiated fee.

Four ways we help insurers optimize their investment programs