Tyche Consulting Services

Clarity, strategy, and advisor search for a more prosperous future

Nancy Reid, CTFA

Principal

Nancy Reid designs strategies for families to align their investments with what matters most to them by shaping investment policy, trust strategy, and advisor search for impact. 

Her advisory career began on Wall Street and has since evolved to focus on the intersection of investing and human flourishing, with leadership roles at EnVest, Canopy, and Seattle Impact Investing Group (SIIG).  From 2013-2020, she launched and chaired the Seattle chapter of TIGER 21, a peer learning network focused on investing, legacy, and family dynamics. 

Alongside her work with Tyche, she is a senior advisor at the Center for Sustainable Finance & Private Wealth in North America, and a collaborator within their Zurich-based program.  She is also of counsel at Phīla Engaged Giving, where she develops strategies for individuals and families to amplify their philanthropic values through their invested wealth.

She has served on the boards of two foundations and four nonprofits, as well as the Advisory Committee on Investor Responsibility for the Dartmouth endowment.  She holds a BA from Yale University, an MBA from the Tuck School of Business at Dartmouth, and a CTFA (Certified Trust and Fiduciary Advisor) designation from the American Bankers Association.

Kirsten Andersen, PhD

Director of Research

Kirsten’s past research in impact investing spans investor perception and judgement, blended finance, catalytic capital, and the role evidence plays in building local impact investing markets. Her current research projects include an examination of various polycapital interventions, impact advisor search, and investment policy statement development. 
 
As an economic sociologist specializing in qualitative research methods, she brings academic rigor to impact in practice. Kirsten’s research on American foundation impact investors is published in the Journal of Business Ethics. She collaborated with University of Zurich’s Initiative for Blended Finance and Roots of Impact on studies addressing investor perception of impact-linked finance and the effect of catalytic capital on social enterprises. She has also applied her research expertise to learning roles such as that with the Global Steering Group for Impact Investment. Across engagements, Kirsten’s work leverages research to advance organizational strategy. At CSP North America, Kirsten develops relevant research to inform program offerings and advance the field. She has a BA from University of Pennsylvania and an MA and PhD in Sociology from the University of Illinois at Chicago.

All investing is impact investing. An investment policy statement defines the impact your family, foundation, or other entity aims to achieve.

To create an investment policy statement, we will:

• Evaluate what you own. Who are the people and businesses who make money from your money? Where are these investments aligned—and misaligned—with what matters most to you?  

• Clarify your priorities. What do you believe about the influence you want to have as an investor? Who do you want to support with your investing activity? Which levers of influence feel appropriate to you? How is your individual financial risk connected to collective risk (i.e., climate change)? To what extent should your money address those collective concerns?

• Craft a written statement. How do you want your investment life to work? What are the principles by which you want your advisors to act on your behalf? 

• Connect with your financial team. We can also serve as your advocate in observing the practices of your financial team to ensure they remain aligned with your principles.

We design advisory searches for clients who have either outgrown their current advisors, or whose desired impact in the world requires them to rethink and rebuild their teams.

In an institutional setting, advisor searches are accomplished through requests for proposal (RFPs). Institutional RFPs create a lot of data, which helps investment committees substantiate their choices and offers a degree of rigor in their decision-making. Tyche advisor searches take a different approach.

We begin with the principles that are most important to the client.  Together, we develop a set of criteria based on the client’s financial situation, theory of change, and what kind of relationship each client wishes to create with their advisory team—and by extension, with their wealth. Our search process is designed to:

• Survey financial advisors whose capabilities match your most important principles;

• Bring you together with potential advisors to assess fit in a way that is personal but not creepy, and efficient but not rushed;

• Avoid institutional biases, and balance our biases as consultants; and

• Protect your privacy as much as possible in the process.

“Never doubt that a small group of thoughtful, committed citizens can change the world; indeed, it's the only thing that ever has.” Margaret Mead

Small groups of investors can challenge each other’s thinking and inspire bold action in a way that no consultant ever will.  Facilitating investment policy discussions among a group of investors can be the most effective way to support them in their journeys.

In select situations, we can serve as a trustee and fiduciary.

UNIVERSITY OF ZURICH CENTER FOR SUSTAINABLE FINANCE

An academic research and teaching institution at the Department of Banking and Finance at the University of Zurich. CSP is unique in its position at the intersection of research and training, bridging scientists, wealth owners, and investment professionals in order to generate knowledge and to mobilize capital toward impact.  At CSP Nancy serves as a mentor in the wealth owner program, and leads investment policy workshops.

ENVEST

EnVest is an investor membership organization connecting top environmental investors with each other, and the most compelling environmental investment opportunities. We host invite-only events to accelerate the environmental economy to protect our planet, while generating returns for investors.  Nancy co-founded EnVest in 2018 with Brock Mansfield, and serves as the organization’s Director of Sector Groups.

PHĪLA ENGAGED GIVING 

A values-driven philanthropic advisory firm that works exclusively with donors—individuals, families, estates, foundations and businesses—interested in leaving a philanthropic legacy. Our goal is to help you understand the issues that move you, learn from experts on the ground who are doing the work, and become a meaningful partner to organizations and movements that are affecting change. We collaborate with the Phila team on select client projects.

TIGER 21

A peer learning organization of wealthy entrepreneurs, investors, and executives. Our network of Members effectively serve as legacy planning partners who help each other improve their investment acumen, tackle common issues of wealth preservation, manage family-related challenges, understand estate planning options, and share ideas on philanthropic endeavors. Nancy built the TIGER 21 chapter in Seattle from 2013-2020.

CANOPY

A community of practice, Canopy member foundations are committed to values of the common good; transparency, shared learning, and community-driven outcomes in place-based investing. We believe this builds the platform to deploy capital in more meaningful ways, which ultimately contributes to the larger impact investing community. Nancy served as co-lead for Canopy with Shiho Fuyuki from 2018 to 2020.

In Classical Greek mythology, Tyche is the goddess of fortune and prosperity. She is the daughter of Aphrodite, the goddess of love, and of Zeus, the most powerful of all the gods.

Tyche evokes the wisdom of economics and the humanities—head and heart, power and love. In a world in which the profit motive drives outcomes, we guide clients to design resource allocation strategies around the most important principles in their lives.

“Updating an investment policy isn't necessarily the first thing that comes to mind when I think of fun, but working with Nancy as we drafted a significantly updated and revised IPS was an absolute pleasure. She was able to bring a wealth of experience and exposure to our project; meetings were well structured and efficient with a lovely dose of humanity and connection; and she was able to take a giant pile of collected jottings, half finished thoughts, and bunch of different people's musings and turn them into a cohesive draft. She was also able to take on some additional projects beyond the initial scope of our engagement and brought some great energy and real thoughtfulness to the work. I happily recommend Nancy and hope to work with her again!”

- K., MANAGING DIRECTOR AT A FAMILY FOUNDATION

“Nancy is a nearly unbelievable intersection of investment knowledge, knowledge of the social impact investment space, and network of relationships all wrapped up in a degree of charm and diplomacy that I was blessed to regularly exposed to in the more than 5 years I got to work with her as part of the Seattle Impact Investors Group. She understands the complex array of vehicles people use to organize their estates, do philanthropic giving and mission-oriented investing.”

- S., INVESTOR & ENTREPRENEUR

“Nancy has the education and experience to explain all the pros and cons, but she feels very personal. I respect and appreciate her as a human being — all of her wisdom and humor and passion and stories.”

- J., ATTORNEY & INVESTOR

“Nancy has seen it all. She understands what wealth is, what it means. She speaks the language, and the depth of her heart is amazing.”

– M., SERIAL ENTREPRENEUR

If you’re interested in a brief consultation to determine if we’re a good fit, please share your name and email address below.

Confidentiality and candor are the core values by which we work with clients. We are not available to help fund managers or entrepreneurs with fundraising strategy.