| Description |
1 online resource (1 volume) : illustrations |
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text file |
| Summary |
Annotation An indispensable resource for every financial service professionals developing an IPSThe Investment Policy Statement (IPS) is one of the most critical documents fiduciaries must draft. For years, ERISA and other industry regulations have governed the guidelines all fiduciaries must comply with when drafting one. But the current climate of corporate scandal and the 2008 global banking crisis have led to increased scrutiny by regulators, prompting firms to take a closer look at the quality and integrity of their IPSs and to take steps to have a rigorous formal process in place for drafting them. Endorsed by the Foundation of Fiduciary Studies, this concise guide provides a rigorous framework and the expert insight, information and guidance you need to guarantee that your IPS is in complete compliance with all ERISA-directed requirements. Provides a step-by-step plan for creating a uniform IPS that every advisor in the office can followDefines the duties and responsibilities of all parties involved, while clarifying diversification guidelines and providing methods for keeping costs under controlPacked with ready-to-use templates, sample forms, letters and other documents, diagrams and other valuable tools, including sample Policy Statement downloadable at the companion websiteDesigned to get you quickly up to speed on what you need to know to confidently serve your clients with the highest standards of care and protection. |
| Contents |
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. |
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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. |
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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. |
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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. |
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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. |
| Subject |
Portfolio management.
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Investments.
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Investment analysis.
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Investments |
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Gestion de portefeuille. |
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Investissements. |
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Analyse financière. |
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Investment analysis |
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Investments |
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Portfolio management |
| Other Form: |
Print version: DiBruno, Rocco. How to Write an Investment Policy Statement. Somerset : Wiley, ©2013 9781118679531 |
| ISBN |
9781118680124 |
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111868012X |
| Standard No. |
9781118680124 |
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