Procyon Perspectives

12.07.2020

Risks to DC Plans: Investment Menu Design & Employee Communications

LPCs/CCRCs

By Tom Gahan

06.12.2020

A Perspective on Risk During the COVID-19 Crisis

LPCs/CCRCs

By Jim Jeffery The Non-Profit Navigator

To start, there’s now a more urgent existential risk for those of a certain age or with certain pre-existing conditions. From a societal standpoint, the initial fear that so many people would need intensive medical support that our health care system would be overwhelmed and…

02.12.2020

The Winds of Change: Emerging Trends for Life Plan Communities

LPCs/CCRCs

By Jim Jeffery The Non-Profit Navigator

We are at a crossroads where there is tremendous change facing the Continuing Care Retirement Community (CCRC)/Life Plan Community (LPC) industry.

08.23.2019

Looking at the Big Picture: Non-Portfolio Assets Matter

LPCs/CCRCs

By Jim Jeffery The Non-Profit Navigator

Indeed, it’s really important to ensure that one is solving for the right problem. After all, arriving at any answer is not challenging, but arriving at the right one—one that will further your cause—is considerably more taxing. All investors can be guilty of a little…

08.12.2019

Let’s Go to the Video Tape… How do Life Plan Communities Manage their Investments?

LPCs/CCRCs

By Jim Jeffery The Non-Profit Navigator

Have you seen the latest summer blockbuster? Whether it’s Avengers: Endgame or Once Upon A Time In Hollywood that first comes to mind, their directors will have thoughtfully made the film by drawing on a mix of originality as well as tried-and-tested formulas and emotional…

06.06.2019

A Word on Investment Committees: Process is King

LPCs/CCRCs

By Jim Jeffery The Non-Profit Navigator

Not long ago, I was asked to make a presentation on Investment Committee Development. As I prepared for this presentation, I drew on my own experience with investment committees. I also found several interesting research sources. One was a Trustee Primer produced by the CFA…

05.23.2019

A Fine Balance: Aligning Fiduciary Duty with Your Strategic Mission in Continuing Care Communities

LPCs/CCRCs

By Jim Jeffery The Non-Profit Navigator

The popularity of communities designed for adults in retirement or even pre-retirement phases is rising. Whether it’s salsa lessons, zero emissions buildings, gourmet cooking or entrance fees, community members are becoming increasingly discerning.

05.06.2019

Is Your Investment Policy a Strawman?

LPCs/CCRCs

By Jim Jeffery The Non-Profit Navigator

Everyone “knows” that organizations that invest should have an investment policy. Why is this so important? As Yogi Berra says (and the CFA Institute’s primer for investment trustees reemphasizes), “If you don’t know where you’re going, you’re liable to end up somewhere else.” Faced with…

04.06.2019

Risks: A Balancing Act

LPCs/CCRCs

By Jim Jeffery The Non-Profit Navigator

Asset Allocation for Life Plan Communities can be a tricky exercise. Unlike a charitable foundation, the core mission of a Life Plan Community involves running a business, with emphasis on financing, marketing, facility management and many other crucial functions. The enterprise risk that is at…