Laserfiche WebLink
• Advising Trustee and Investment Manager of any change in the plan/account's financial <br /> situation, funding status, or cash flows, which could possibly necessitate a change to the <br /> account's overall risk tolerance, time horizon or liquidity requirements; and thus would <br /> dictate a change to the overall investment objective and goals for the account. <br /> • Monitoring and supervising all service vendors and investment options, including <br /> investment managers. <br /> • Avoiding prohibited transactions and conflicts of interest. <br /> Responsibilities of Trustee <br /> The plan Trustee is responsible for: <br /> • Valuing the holdings. <br /> • Collecting all income and dividends owed to the Plan. <br /> • Settling all transactions (buy-sell orders). <br /> Responsibilities of Investment Manager <br /> The Investment Manager is responsible for: <br /> • Assisting the Plan Administrator for the City of Pleasanton with the development and <br /> maintenance of this Investment Policy Guideline document. <br /> • Meeting with Plan Administrator to review portfolio structure, holdings, and performance. <br /> • Designing, recommending and implementing an appropriate asset allocation consistent <br /> with the investment objectives, time horizon, risk profile, guidelines and constraints <br /> outlined in this statement. <br /> • Researching and monitoring investment advisers and investment vehicles. <br /> • Purchasing, selling, and reinvesting in securities held in the account. <br /> • Monitoring the performance of all selected assets. <br /> • Voting proxies, if applicable. <br /> • Recommending changes to any of the above. <br /> • Periodically reviewing the suitability of the investments, being available to meet with the <br /> Plan Administrator at least once each year, and being available at such other times within <br /> reason at your request. <br /> • Preparing and presenting appropriate reports. <br /> • Informing the Plan Administrator if changes occur in personnel that are responsible for <br /> portfolio management or research. <br /> Acknowledgement and Acceptance <br /> I/We being the Plan Sponsor with responsibility for the account(s) held on behalf of the Plan <br /> Sponsor specified below, designate Investment Manager as having the investment discretion and <br /> management responsibility indicated in relation to all assets of the Plan or specified Account. If <br /> City of Pleasanton Employee Benefit Fund Pension Plan <br /> Investment Guidelines Document—HighMark Capital Management, Inc. <br /> (v.04-18-2018-RY) 7 <br />