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Below you’ll find all seven sections of the Adjusted for Risk SMA Manager Due Diligence Toolkit. The Adjusted for Risk SMA Manager Due Diligence Framework—a practical 5 Ps approach to helping financial advisors evaluate whether an SMA manager is the right fit for their clients. The Adjusted for Risk framework provides advisors with a structured, repeatable way to evaluate SMA managers beyond the traditional performance review.
Click each link below to download the individual files and incorporate them into your research and manager selection workflows.
Section 1: SMA Due Diligence Framework
“Why did it perform that way, who generated those results, and is that process capable of delivering the outcome my client needs?”
Section 2: Philosophy
Every manager has an investment philosophy. The important question is whether that philosophy is clear, repeatable, and consistent
Section 3: People
A strategy isn’t just a model or a track record.
People make decisions.
Section 4: Process
Understanding the philosophy isn’t enough.
You need to understand how the philosophy becomes a portfolio.
Section 5: Performance
This is where traditional due diligence often begins—and where it shouldn’t.
Performance matters.
But performance without context can be misleading.
Section 6: Platform
The final category is often overlooked.
You aren’t just selecting an investment strategy.
You’re selecting a firm to manage your client’s assets.
Section 6: SMA Due Diligence Cheat Sheet
A concise, decision-ready scorecard that brings together your findings across philosophy, people, process, performance, and platform into a clear SMA manager analysis.
Questions? Reach us at Ryan@AdjustedForRisk.com.
Nauman Strategic Partners 