How to write an investment policy statement
Annotation
| Main Author: | |
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| Format: | eBook |
| Language: | English |
| Published: |
Hoboken, New Jersey
John Wiley & Sons
2013
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| Edition: | 2nd ed |
| Subjects: | |
| Online Access: | |
| Collection: | O'Reilly - Collection details see MPG.ReNa |
Table of Contents:
- Executive SummaryTable of Contents Investment Policy Statement; Part I
- Purpose; Part II
- Investment Management Objectives; Establish the Expected Time Horizon; Part III
- Roles and Responsibilities; Investment Advisor; Investment Managers; Custodian; Part IV
- Investment Manager Selection; Performance Objectives; Measuring Costs; Part V
- Investment Monitoring and Review; Advisor's Responsibilities to Gather Information and Report to Investment Committee Monthly; Advisor's Responsibilities to Gather Information and Report to Investment Committee Quarterly
- Step 3. Duties and ResponsibilitiesXYZ Retirement Plan Committee; Investment Consultant; Investment Managers; Custodian; Step 4. Asset Class Guidelines; Asset Classes in Ascending Order of Risk; Diversification of Asset-Class Options; Asset-Class Index and Peer Comparisons; Other Considerations; Step 5. Investment Manager Selection; Step 6. Monitoring the Investment Managers; Watchlist Process; Step 7. Controlling and Accounting for Investment Expenses; Step 8. Investment Policy Review and Monitoring; Chapter 10: Sample IPS Template #2 For a High-Net-Worth Individual Setting Up a Family Trust
- Chapter 3: What is an Investment Policy Statement and What are the Benefits?Risk Management; Monitor Investments; Summary; Chapter 4: Utilize the "Safe Harbor" Provisions Provided by Erisa; Prudent Experts; Five Recognized "Safe Harbor" Rules; Chapter 5: Complying with Erisa Section 404(c); Section Two: How to Get Started and Steps to Formalize the Process; Chapter 6: Assembling the Documentation; Chapter 7: Steps to Formalize the Process; Step 1: Decide on Plan Goals, Objectives, and Strategies; Step 2: Decide on Strategy for Managing Risk; Step 3: Determine the Risk Tolerance of the Plan
- How to Write an Investment Policy Statement; Titles in the FP BooksTrade Secrets Series; Wiley Trading Series; Copyright; Contents; Foreword; Section One: Why Plan Sponsors and All Fiduciaries Need a Formal Process for Writing Their Investment Policy Statement; Chapter 1: Erisa and the Challenge of Fiduciary Responsibility; Writing an Investment Policy; What Is a Fiduciary?; Fiduciary Liability; Chapter 2: Your Fiduciary Responsibilities and Liabilities Under Erisa; Five Fiduciary Responsibilities; Fiduciary's Personal Liability; A Fiduciary's Primary Role Is to Manage the Process
- Step 4: Set Forth Guidelines for Asset ClassesStep 5: Implement an Asset-Allocation Policy; Step 6: Mutual Funds Recommendations; Step 7: Delegate Investment Management Responsibility; Step 8: Investment Monitoring and Reporting; Section Three: The Template IPS; Chapter 8: Sample IPS Templates; Two Distinct IPS Samples; Organization of Templates; Chapter 9: Sample IPS Template #1 For a Participant-Directed 401(k) That Intends to Comply with ERISA Section 404(c); Step 1. Executive Summary and Background; Executive Summary; Step 2. Purpose of the Investment Policy Statement