Creating an Investment Policy Statement: Guidelines & Templates
AdvisorPress, 2004 - Business & Economics - 335 pages
What is an Investment Policy Statement? The IPS provides the foundation for all future investment decisions to be made by an investor.It serves as a guidepost, identifying goals, creating a system and discipline for a decisions. A client said,"Once the trustees adopted the Investment Policy Statement, we found that we were making our decisions in a deliberate fashion, rather than in the "heat of battle."Since we'd already thought about how things would get done under a variety of circumstances, we no longer found ourselves getting emotional. Planning ahead makes it easier for all of us when the investment markets get turbulent." If you are an investment advisor, financial planner, stock broker, insurance agent, CPA or attorney advising your clients about their money, this innovative book will be a key tool for working with clients.
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The History of Prudent Investing
Returning to the Beginning
Know the Time Horizon
Write the Investment Policy Statement
Building an Investment Policy Statement
Guidelines for Working with Qualified Plans
Sample Risk Tolerance Questionnaire
Sample IPS Documents
Sample Executive Summary for File
Common terms and phrases
acceptable achieve Advisor affect annual approach appropriate asset allocation asset classes average Balanced basis bonds calculations capital cash changes Chapter circumstances client considered consistent create criteria decisions determine develop direction discussion distributions diversification document employees equities ERISA established example expected expenses fiduciary future given goals going growth guidelines higher historical hold horizon identify important income individual inflation investment decisions investment management investment objectives Investment Policy Statement Investor issues Large less limited liquidity long-term loss meet ment Monitoring mutual funds Number optimizer participants percent performance period portfolio possible procedures prudent rate of return Real Estate reasonable rebalancing recommendations reflect regarding relative reports responsible retirement returns risk tolerance securities selection Small specific standard Stocks strategy suggest trust understand volatility weighting