And it is. Also, watch out for broker-controlled managers that offer captive services at severely reduced fees. Finally, check references. Al most anyone can talk a good game. The best way to really find out is to seek out client references.
Clients can offer a valuable reality check.
Ask them specific questions about the manager's performance and you'll gain some valuable insights. Andrew Sargeant is President of Vermont Insurance Management, Inc. of Montpelier, Vermont, an independent captive manager firm and member of USA Risk Group. Gary Osborne is Senior Vice President of USA Risk Group, a group of companies serving all segments of the alternative market. All rights reserved.