Individual Advisors

Individual advisors are an option for donors looking to establish a significant fund with the Cleveland Foundation while maintaining a relationship with their existing financial advisor.

General asset allocation guidelines are set by the Investment Committee, but the individual advisor customizes the asset allocation for each specific fund. Assets of a donor’s fund invested with an individual advisor are not pooled with other funds at the foundation. All assets using an individual advisor are custodied at Key Bank.

The individual advisor option provides the donor’s fund with a balanced approach that uses both equities and fixed income investments. The general asset guidelines provide for an allocation range of 40 percent to 60 percent large-cap equities, 10 percent to 20 percent foreign equities, and 15 percent to 20 percent fixed income.