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Developing an Investment Policy

Investment-OptionsOn November 13th and 14th, Dan Weber and the Hometown Firefighter’s staff met with some of the local fire district commissioners and officers for dinner and an informational workshop entitled “Developing an Investment Policy”. After enjoying a delicious meal, various topics were reviewed including: Fire District Investment Policies, The Prudent Man Rule, The Do’s and Don’ts of Investing and The Future of Annuities.

Two representatives from Castle Asset Management, John Caffrey and Matt Racanelli, were also in attendance and introduced “The Optimized Portfolio”, an investment product created for Hometown Firefighters Service Award Program clients.  This fund was developed using strategies that took into account the common concerns of risk tolerance, time horizon, liquidity and the ability to add to an already established account, while also endeavoring to exceed the returns projected on guaranteed fixed annuities. Some district administrators, auditors and financial advisors have expressed interest in diversifying district assets, and Hometown believes that this product will provide an attractive compliment to the LOSAP portfolios of our clients.

If you are interested in obtaining further information or have questions regarding any of these topics, please call our office.

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