Choosing the right investment advisor is one of the most important and least understood decisions nonprofit leaders face. In this episode of The Nonprofit Edge, host Chris Looney is joined by Michael Skillman, Partner and Senior Wealth Advisor at Beacon Pointe Advisors, to break down how nonprofits can lead a smart, confident investment counsel search without needing to be investment experts. Michael walks listeners through what to do before, during, and after an advisor search, with a focus on clarity, governance, and long-term mission protection rather than chasing short-term performance. This conversation is especially helpful for executive directors, CEOs, and senior nonprofit leaders with limited investment background who want to make sound decisions and avoid common pitfalls. Key Takeaways • Why most nonprofits react to investment searches instead of planning them • How to clarify the role investments play in supporting mission outcomes • The importance of defining success beyond just returns • Why governance and investment policy matter more than hiring a big-name firm • What questions to ask advisors and what red flags to avoid • What a healthy, long-term advisor relationship should look like 🎧 Listen to remember this simple truth: you do not need to be an investment professional to lead this process well.
