Strategic and dynamic allocation grounded in objectives, liquidity, taxes, liabilities, existing exposures, and the portfolio's capacity to absorb change.

Representative outputs

Capital segmentation and risk budgets
Target allocation and sleeve roles
Transition sequencing and rebalancing policy

Manager & Security Research

Independent underwriting across ETFs, SMAs, mutual funds, private managers, direct investments, and thematic public-equity opportunities.

Representative outputs

Role-based due-diligence memos
Exposure and fee comparisons
Watchlists, review triggers, and recommendations

Risk, Liquidity & Scenario Analysis

Portfolio-level stress testing that links market shocks to spending needs, capital calls, taxes, concentrations, and the institution's ability to act.

Representative outputs

Look-through exposure map
Liquidity ladder and capital-call analysis
Scenario and drawdown diagnostics

Tax-Aware Implementation

Implementation design intended to improve after-tax outcomes while preserving the economics and risk structure of the target portfolio.

Representative outputs

Tax-lot and gain-budget analysis
SMA and direct-indexing architecture
Staged transition and asset-location priorities

Governance & Committee Support

Policy, meeting materials, decision records, education, and a recurring cadence that converts research into accountable action.

Representative outputs

Committee agenda and decision memos
Policy compliance and exceptions log
Annual strategic review

See how the work is structured

Separate evidence from assumptions before a decision is made.

An illustrative retirement-plan review shows how MCO distinguishes supplied facts, calculations and questions requiring further evidence.

View the illustrative review

Illustrative sample · fictional

Supplied

Investment options, expense ratios and a stated holding.

Assumptions

Assets remain unchanged for simple arithmetic.

Missing

Plan documents, eligibility, risk, services and sponsor policy.

Engagement design

The scope follows the missing function.

A mandate may be comprehensive, co-sourced or project-based. Deliverables, decision authority, cadence, fees and implementation responsibilities are defined in writing before work begins.

See the engagement process

Confidential Dialogue

Build the investment capability the institution needs—not the overhead it does not.

The first conversation is used to define the decision problem, the existing constraints, and whether MCO's perspective can add value.

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