Key Takeaways
- • Mid-Atlantic Trust launched a formal advisor search in the fourth quarter of 2024 as part of standard fiduciary governance and has completed the hiring process as of April 2026.
- • The trust's decision to conduct a competitive search reflects institutional best practices in periodic advisor evaluation and selection.
- • The hiring decision follows the trust's strategic pivot in its investment allocation, including the addition of 3% targets each to listed infrastructure and listed REITs approved in the fourth quarter.
Summary
Mid-Atlantic Trust has hired a new investment advisor following a formal search process initiated in the fourth quarter of 2024. The trust undertook the advisor selection as part of established fiduciary practice, a standard governance procedure for institutional investors seeking to ensure alignment between advisor capabilities and evolving investment objectives.
The timing of the advisor hire coincides with strategic portfolio adjustments made by the trust. In the fourth quarter of 2024, the trust approved new allocation targets, adding 3% each to listed infrastructure and listed real assets (REITs), reflecting a deliberate shift toward diversified, income-generating asset classes. This portfolio evolution likely informed the advisor selection criteria and the decision to evaluate available options in the market.
The formal search process undertaken by the trust underscores the importance institutional investors place on periodic advisor evaluation. By initiating a competitive search, Mid-Atlantic Trust ensured it had visibility into available talent and services before making a hiring decision. Such processes are consistent with fiduciary obligations and help institutional investors optimize their management structures relative to market capabilities.
The timing of the advisor hire coincides with strategic portfolio adjustments made by the trust. In the fourth quarter of 2024, the trust approved new allocation targets, adding 3% each to listed infrastructure and listed real assets (REITs), reflecting a deliberate shift toward diversified, income-generating asset classes. This portfolio evolution likely informed the advisor selection criteria and the decision to evaluate available options in the market.
The formal search process undertaken by the trust underscores the importance institutional investors place on periodic advisor evaluation. By initiating a competitive search, Mid-Atlantic Trust ensured it had visibility into available talent and services before making a hiring decision. Such processes are consistent with fiduciary obligations and help institutional investors optimize their management structures relative to market capabilities.
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