Franklin Regional Retirement (see contact/directions page to get in touch with us)

The minutes of the April 1, 2019 Special Board meeting have been uploaded to the 2019 minutes page. Click here to view.

Today the Franklin Regional Retirement Board had its annual meeting with its large cap managers and found both to be performing as expected. Polen Capital, being the board’s large cap growth manager has done exceptionally well in a period that favors growth stocks – enough so that the board was able to harvest gains to help fund one of its new mid cap positions. As the manager of the board’s large cap value allocation, O’Shaughnessy Asset Management has done well to maintain discipline even though facing headwinds in value stocks.

Today the Franklin Regional Retirement Board signed agreements with Fiera Capital (mid cap growth) and Chartwell Investment Partners (mid cap value) to manage its 2 mid cap allocations starting July 1, 2019 – each with about $7.3 million in assets (5% each of overall target allocation). Chartwell will assume the assets currently managed by Seizert Capital. Fiera will be funded with $2.5 million from the board’s large cap growth allocation because LCG has done well the past few years, and $4.8 million from the board’s fixed income allocation because the board is reducing its target allocation to fixed income.

The minutes of the March 27, 2019 Board meeting have been uploaded to the 2019 minutes page. Click here to view.

Congratulations and welcome to Fiera Capital, and Chartwell Investment Partners. The Franklin Regional Retirement Board met on Monday April 1, 2019 and interviewed the two managers to provide management of its mid cap growth, and mid cap value allocations. As a result, the Board voted to hire Fiera Capital, and Chartwell Investment Partners to fill each of those roles respectively.

The existing core/value mid cap allocation has a target of 5%, and both the new mid cap allocations will have a target of 5% of FRRS’s total allocation. To accommodate the additional 5% within the overall allocation, FRRS will reduce its overall target allocation to fixed income by 5%.

The existing mid cap core allocation is managed currently by Seizert Capital Partners. The Board has been pleased with Seizert’s performance and thanks them for their good stewardship.

Dahab Associates managed the search.

The minutes of the February 27, 2019 Board meeting have been uploaded to the 2019 minutes page. Click here to view.