Boston, October 21, 2008 - As a speaker on the Outsourced CIO Trend Panel, John LaPann discussed the role of the outsourced CIO and what Federal Street Advisors' approach has always been to this. Federal Street develops and monitors compliance with the each client's Investment Policy Statement and asset allocation.  In addition, the firm evaluates and recommends managers, reports and analyzes results, helps with administration, and actively recommends changes. Federal Street, with its institutional depth and small firm flexibility, has always added expertise and helped in non-investment, non-administrative areas making our firm ideal for mid to small family offices and foundations.