Reminder: Local Program Investment Opportunity
If your program had of invested $20,000 with Haverford Trust in January 2017, you could have earned approx. $1,700 by the end of September 2017! Compare that to a CD for the same number of months; you would have only earned approx. $150, if you could find a CD paying 1% interest.
Until 2016, the only allowable investments for local programs were CD’s, money markets, savings. Given the current interest rate environment, you have requested a better option for several years. We now have a better option to offer you.
Why Haverford Trust Company (HTC)?
- HTC is local to PA.
- HTC works with many high net worth PA-based individuals plus foundations and philanthropists that we will have access to.
- They were the only firm to offer a great local program solution. Others were either not interested or the cost was prohibitive.
What is HTC’s investment philosophy? HTC has developed a standard set of investment portfolios that take into account risk tolerance and goals for a portfolio. The state office and local programs all participate in the same portfolio model that buys quality stocks and bonds and holds them for the long term unless there is a significant reason to sell.
When can we invest or withdraw? Investment dates for local programs are quarterly. LP’s can invest or withdraw at the beginning of each quarter.
Is there a minimum amount to invest? Any multiple of $1,000 is an acceptable investment.