RisCura is often asked to pitch to retire- ment funds that are considering using the servicesofaninvestmentconsultant.Small funds in particular, see investment consul- tants as an expensive luxury, given the high fixed costs of administering and managing a retirement fund. The Afrikaans idiom “goedkoop is duurkoop” comes to mind. Boards of Trustees that don’t use the services of an investment consultant must evaluate whether a short-term fee saving won’t result in higher long-term costs and risks for the fund. Good invest- ment consultants should more than pay for themselves via improved fund returns and well-managed risk.