The world of investing offers few absolutes, and this is no exception. There’s no right or wrong approach when it comes to deciding on a discretionary or non-discretionary investment model for your organization. Instead, a multitude of factors need to be carefully weighed to determine which side of the scales you most gravitate towards. How much time, expertise and resources are board members and staff willing to devote to investment management? How large and complex is the portfolio you’re overseeing? Which model best aligns to the structure, composition and dynamics of your committee? And what is your organization’s overall comfort level with each approach?