An Investment Policy Statement (IPS) is a formal document drawn up by a portfolio manager or financial advisor and a client that sets out the general rules for the manager.
This statement presents the general investment goals and objectives of the client and describes the strategies that the manager should use to achieve these goals.
Specific information on issues such as asset allocation, risk tolerance and liquidity requirements is included in the investment policy statement.
A well-designed IPS allows both the manager and the investor to focus on long-term goals.
A Certified Retirement Planning Consultant is a person who has the status of a professional financial planner awarded by the College of Financial Planning.
Successful completion of the Series 65 exam qualifies the investment professional to serve as an investment advisor’s representative in certain states.