How to Write an Investment Policy Statement

Online-Ressource (80 p)

Description based upon print version of record

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

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

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

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

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

Advisor's Responsibilities to Gather Information and Report to Investment Committee Annually

ECONIS - Online Catalogue of the ZBW