A Deeper Dive Investment Policy Statements for Families

For the wealth management advisors who have adopted a consultative approach over a transaction advice model to manage their client wealth, the Investment Policy Statement (IPS) is the crucial link between a client’s investment objective and how an advisor will manage the client’s portfolio on a day-to-day basis. Given the growing investable wealth of many families and depending on the complexity of each family's situation, most IPS range from 5-10 pages. From experience, a sound IPS framework will exhibit and address five key areas.