Creating an Investment Policy Statement.
In our work for charitable organizations, foundations and pension funds, it is common to create an Investment Policy Statement (IPS). This client-driven document defines a big-picture philosophy which can include the organization’s risk tolerance, asset allocation, financial goals, spending policy and overall mission. This variable set of rules defines our entire investment strategy.
At Essex, creating an IPS can be a key component of our client-discovery process for individuals and families. It helps us to consider all your vested interests, both personal and financial. It also determines how much risk tolerance you can accommodate in the pursuit of financial goals.