LMCP_Lodge Finance

Investment Administration

A lodge shall administer its investments through an investment committee appointed by the master or by elected trustees.

In either case, the committee or trustees seek the counsel of a Registered Investment Advisor of its choice before making investment decisions. The committee or trustees may accept or reject any and all recommendations made by the advisor. Alternatively, a lodge may retain a Registered Investment Advisor to operate as an investment manager, thereby delegating the day-to-day investment decisions to the investment manager. A lodge may choose to retain Grand Lodge to manage the investment and administration of lodge investment funds.

No investment committee or trustee administration is required for the lodge’s cash, cash equivalents, checking accounts, savings accounts, or certificates of deposit.

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