Creating Your Investment Policy Statement

An Investment Policy Statement is a written document providing guidance based on your objectives.

This document:

• Provides guidance for current and subsequent investment decisions and fosters long-term discipline in the investment decision-making process.
• Helps ensure against short-term shifts in strategy when either market conditions or portfolio performance cause panic or overconfidence.
• Establishes guidelines to evaluate managers and the overall success of the portfolio.
• Creates a framework to carry out fiduciary duties and clearly assign specific responsibilities to various parties.
• Outlines our communication plan with you and your other advisors.