Investment Advisors' Investment Policy Statement (IPS) - Rules, Regulations, and Best Practices
OVERVIEW The guidelines surrounding best practices for developing and maintaining the Investment Policy Statement (IPS) are not always clear. The IPS is a key document between the client and their investment advisor, yet it is one that can be detrimental to the advisory firm if poorly written or managed. It is a key document used by compliance, regulators and perhaps as evidence in the case of a lawsuit brought by a client. It is worth the time and effort to design a well thought out IPS or even considers a revision to outdated IPS for existing clients. WHY SHOULD YOU ATTEND In order to meet the demands of the individual and institutional clients as well as meet all the required regulations, an IPS may provide the guidance needed. However, a badly constructed or insufficiently maintained IPS could lead to enforcement, lawsuits and over all poor client retention. Investment Policy Statement (IPS) AREAS COVERED Rules, Laws, Regulations and Best Practi...