About Brockenbrough and Chris Culbertson
Headquartered in Richmond, Virginia, Brockenbrough is an independent investment management firm that has been providing individuals and institutions with top-tier wealth and investment management services for over 50 years. With over US$3.8* billion in assets under management, the firm has the experience and access to curate innovative investment solutions and advise clients through complex situations. Though much has changed inside and outside the firm over the years, Brockenbrough’s values are anchored in its commitment to modern stewardship. Their team specializes in guiding investors through complex situations, offering custom solutions that often blend traditional and nontraditional asset classes to meet clients’ unique objectives, tolerances, and goals.
Chris Culbertson is a Managing Director and serves on the investment team for the firm’s institutional clients and OCIO platform. Chris leads investment strategy for the portfolios’ private investments, which includes overseeing initial and ongoing manager due diligence and manager selection for buyouts, growth equity, venture capital and real assets strategies. In addition to leading the firm’s private strategies, he is also actively involved in decisions related to asset allocation, portfolio construction and risk management. He joined Brockenbrough in 2019 and has more than 15 years of investment experience.
Challenge:
While Brockenbrough had great systems in place prior to implementing Venn, one of the main goals was to streamline analytics capabilities and implement a solution that was user-friendly. Many of the existing systems required in-depth knowledge of the platforms and significant training for new joiners.
Solution:
Venn’s ability to easily ingest data and the intuitive nature of the platform enables the team to get up-to-speed very quickly. Brockenbrough can now spend more time evaluating and interpreting the analyses, rather than generating them.
Streamlining team access and engagement:
With the addition of Venn, we have seen broader engagement and use across both our investment and operations teams. An important, additional result of which is an increase in efficiency and time management.
Analysing risk factors
Having a better understanding of the risks driving our clients’ returns is imperative. Venn provides insights into underlying factors contributing to both the return and risk within their portfolios. We are now able to dive deeper and continually track ongoing trends in order to assist in making portfolio decisions.
Scenario analysis and forecasting
With the ever-increasing complexity of multi-asset portfolios, being able to understand how changes to the broader macroeconomic landscape and their potential impacts to our clients’ portfolios is as important as ever. Venn easily allows us to now take all of the data we have gathered on our clients’ portfolios and quickly run these analytics.
Results and what is next
Overall, Brockenbrough has leveraged Venn to address key workflow improvements. Looking ahead, Culbertson and the team will continue to focus on streamlining their modern technology solutions.
As we implement modern technology solutions, Brockenbrough is focused on ways to further streamline reporting and operational processes in order to provide clients with more timely and insightful information while also increasing the efficiency of our team. We are excited to partner with Venn to help achieve these goals and continue to enhance our processes.
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*As of June 30, 2022
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