Investment objective
Define what the portfolio is intended to do, what it may hold, and what it must avoid.
01PORTFOLIO
Asset management
A portfolio mandate should make the relationship between objective and risk explicit.
Portfolio mandates built around objectives, liquidity needs, and clearly defined risk parameters.
NORA / CAPITAL FRAMEWORK01 / 03
Investment objective
Define what the portfolio is intended to do, what it may hold, and what it must avoid.
PORTFOLIO / THE FRAMEWORK
A portfolio mandate should make the relationship between objective and risk explicit.
Set exposure limits, liquidity needs, concentration controls, and review triggers.
Risk budget
Set exposure limits, liquidity needs, concentration controls, and review triggers.
Portfolio operations
Document research, execution, valuation, reporting cadence, and change approvals.
EXPLORE / 03
Find the route that fits your capital.
Choose a route to explore its mechanics, operating priorities and trade-offs.
Mandate and allocation
Core allocation
Give long-term holdings a defined role in the portfolio.
01Research inputs
02Evaluate mechanics
03Execute & review
How it works
Set eligible assets, concentration limits, a liquidity reserve and rebalancing bands before increasing exposure.
Key consideration
Discuss this routeDiversification does not eliminate market losses.
YOUR JOURNEY
A clear next step. At every stage.
01
Define objectives
Document your horizon, withdrawals, loss tolerance and involvement. Establish suitability before choosing a route.
DECISION CHECKLIST
Look beyond returns. Understand your way out.
| Route | Source of value | Execution & exit priorities |
|---|---|---|
| Core allocation | Mandate and allocation | Diversification does not eliminate market losses. |
| Tactical allocation | Research-led adjustments | Turnover, correlated positions and costs can erode returns. |
| Liquidity planning | Cash-flow and exit planning | A position may be valuable but unavailable when you need cash. |
RISK IS PART OF THE PRODUCT
A mandate is not a promise of performance. Actual availability, structure, and delegated authority depend on agreed terms and jurisdiction.
10QUESTIONS, ANSWERED
Know the mechanics before you move.
Terms, access, and product availability depend on your jurisdiction and account eligibility.
When in doubt, verify the governing terms.
Bring your investment horizon, expected cash needs, existing exposures and constraints. A useful brief explains what the assets are intended to achieve before listing products you want to buy.
Rebalancing compares current weights with agreed targets and tolerance bands. Consider transaction costs, liquidity and changed objectives before adjusting; it need not mean trading every day.
Review allocation, concentration, liquidity, performance attribution, fees and changes to the investment thesis. Include exposures outside the managed portfolio so the overall picture remains meaningful.
Match expected withdrawals with liquid assets and realistic exit times. Do not assume staked, pledged or thinly traded assets can always be converted immediately.
11CONTACT NORA
Let’s discuss your objectives.
Tell us what you are evaluating and our team can outline the relevant framework and next steps.