From the September 2006 issue of Investment Advisor • Subscribe!

IPS Essentials

Every Investment Policy Statement (IPS) should accomplish the following:

o Evaluate the specific needs of the plan and its participants

o Describe the investment objectives and goals of the plan

o Define the duties and responsibilities of all parties involved

o Provide due diligence criteria for selecting investment options for the plan

o Document investment classes, styles and restrictions on investments authorized

o Establish standards and benchmarks of investment performance for comparison

o Explain the policy and procedures related to the hiring, monitoring and replacement

of investment managers

o Establish guidelines and procedures for monitoring and controlling investment

expenses

Reprints Discuss this story
We welcome your thoughts. Please allow time for your contribution to be approved and posted. Thank you.

Most Recent Videos

Video Library ››