Portfolio construction within the strategic and tactical framework begins with an aggregation of all known and appropriate investment vehicles sourced from manager & securities databases, the street, and industry connections. Despite active or passive objectives, comprehensive due diligence of managers is performed on a best fit and quantitatively superior subset. Wellspring will negotiate fees (utilizing our scale across client portfolios when appropriate) and terms, create guidelines and custom benchmarking, as well as manage the transition to the recommended and approved manager(s).