Falls Church, Va., 1/31/20 — Azzad Asset Management announced today the selection of DiMeo Schneider, a nationwide investment consulting firm, as the firm’s first outsourced chief investment officer (OCIO).
“We are thrilled to partner with Azzad and supplement its existing investment research efforts,” said DiMeo Schneider’s Joe Cortese, Principal and Senior Consultant. “Our platform allows us to function as a true partner, bringing the best of DiMeo Schneider’s deep resources and intellectual capital to bear for Azzad and its clients.”
As a registered investment advisor, Azzad has a fiduciary responsibility to its clients. In keeping with the obligation to act solely in client interests, the firm chose DiMeo Schneider because of its resources and expertise in managing complex institutional investment portfolios.
DiMeo Schneider provides research on investment managers, asset allocation strategies, financial market trends, and other topical issues while incorporating progressive analytical tools.
“We welcome DiMeo Schneider into the Azzad family,” said Azzad Senior Investment Strategist Fatima Iqbal, CFP®. “Our investment committee looks forward to working collaboratively with them as we focus on optimal asset allocations for clients, along with oversight of the portfolio management teams who manage the individual strategies in the Azzad Ethical Wrap Program. This is a major addition to our team.”
Learn more about Azzad’s stable of institutional portfolio managers here.
Azzad representatives noted unique challenges in the search for an OCIO who could meet the needs of a faith-based, socially responsible investment advisory firm. After a months-long search, the due diligence team identified DiMeo Schneider as the best candidate.
About DiMeo Schneider
DiMeo Schneider is headquartered in Chicago, Illinois with additional offices in Austin, Washington, D.C., Boston and Los Angeles. The firm’s over 100 associates consult with hundreds of retirement plans (defined contribution and defined benefit), nonprofit organizations, private clients and financial institutions in 44 states. Over 30 associates participate in the Firm’s research effort in advising on over $96 billion in assets as of June 30, 2019.
About Azzad Asset Management
Azzad is committed to providing investment services designed to help people enjoy optimum performance without compromising their values. Azzad is affiliated with the Forum for Sustainable and Responsible Investment, the Interfaith Center on Corporate Responsibility, and the Accounting and Auditing Organization for Islamic Financial Institutions.