Public reserves aren’t defined by markets.
They’re affirmed over time.
Our Fiduciary Reaffirmation Review is designed to bring structure, intent, and discipline to reserve governance and to inform how reserve assets are managed over time.
What Governs Reserve Decisions
Public reserve decisions are shaped by policy, statute, and delegated authority, not by day-to-day market conditions alone.
When those governance elements are clear, reserve and investment decisions tend to remain intentional and consistent, rather than reactive.
Where Fiduciary Responsibility Lives
In practice, fiduciary responsibility sits with the governing authority or its properly delegated officials and is carried out through documented decisions.
We work within that authority to assess whether current reserve practices remain reasonable and defensible, and to act accordingly.
In many cases, this confirms continuity. In others, it supports a conscious decision to revisit the investment approach.
Serving Colorado towns and special districts where documentation matters as much as outcomes.
What We Provide
Fiduciary Stewardship
We provide a governance-first discipline grounded in policy, statute, and documented purpose to support stable, defensible, and consistent reserve decision-making over time.
Fiduciary Judgment
We apply fiduciary judgment under adopted policy and delegated authority to reaffirm, refine, or consciously revisit reserve and investment decisions.
Execution & Portfolio Management
We assume day-to-day responsibility for execution, monitoring, and portfolio management, reducing the need for continual operational involvement from staff or boards.
“Synergy Capital is a true partner for our fire district as we optimize our strategic reserve plan for future capital needs.”
-Finance Director
Windsor Severance Fire Protection District
*Current client testimonial with no compensation paid and no material conflicts. Optimization refers to alignment and predictability, not increased risk or yield.
How do we start?
Step 1: Fiduciary Reaffirmation Review
Start with governance, not markets.
A structured review of reserve governance, purpose, and documentation to confirm whether current reserve practices remain reasonable and defensible before additional investment planning.
Step 2: Governing Decision Clarity
Define the decision before designing the portfolio.
We help governing authorities and their delegates determine whether the current liquidity posture remains intentional within the context of policy and statutory requirements.
Step 3: Reaffirm or Reopen
Confirm the mandate.
The governing authority either reaffirms the existing approach or consciously reopens the decision for further evaluation.
Step 4: Investment & Planning Evaluation (If Required)
Apply investment and planning expertise deliberately.
Only after a decision is reopened do we evaluate portfolio structure, liquidity segmentation, and investment alternatives within policy and statutory bounds.
Step 5: Implementation & Documentation
Implement with discipline.
Implementation and ongoing portfolio management occur in alignment with the governing decision, with documentation prepared for audit and future review.
Reserve practices remain subject to statutory requirements, adopted policy, liquidity needs, and operational constraints that may limit available options.