{"product_id":"how-to-write-an-investment-policy-statement-9781118679531","title":"How to Write an Investment Policy Statement","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003eAn indispensable resource for every financial service professionals developing an IPS     The 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.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003e\u003cp\u003eForeword by \u003ci\u003eDon Trone\u003c\/i\u003e 11\u003c\/p\u003e \u003cp\u003e\u003cb\u003eSection One: Why Plan Sponsors and All Fiduciaries Need a Formal Process for Writing Their Investment Policy Statement\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 1 \u003c\/b\u003e\u003cb\u003eErisa and the Challenge of Fiduciary Responsibility 17\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWriting an Investment Policy 17\u003c\/p\u003e \u003cp\u003eWhat is a Fiduciary? 18\u003c\/p\u003e \u003cp\u003eFiduciary Liability 19\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2 \u003c\/b\u003e\u003cb\u003eYour Fiduciary Responsibilities and Liabilities Under Erisa 21\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eFive Fiduciary Responsibilities 21\u003c\/p\u003e \u003cp\u003eFiduciary’s Personal Liability 22\u003c\/p\u003e \u003cp\u003eA Fiduciary’s Primary Role is to Manage the Process 23\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3 \u003c\/b\u003e\u003cb\u003eWhat is an Investment Policy Statement and What are the Benefits? 25\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eRisk Management 25\u003c\/p\u003e \u003cp\u003eMonitor Investments 26\u003c\/p\u003e \u003cp\u003eSummary 27\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4 \u003c\/b\u003e\u003cb\u003eUtilize the “Safe Harbor” Provisions Provided by Erisa 29\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003ePrudent Experts 29\u003c\/p\u003e \u003cp\u003eFive Recognized “Safe Harbor” Rules 29\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 5 \u003c\/b\u003e\u003cb\u003eComplying with Erisa Section 404(c) 31\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eSection Two: How to Get Started and Steps to Formalize the Process\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 6 \u003c\/b\u003e\u003cb\u003eAssembling the Documentation 35\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 7 \u003c\/b\u003e\u003cb\u003eSteps to Formalize The Process 37\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eStep 1: Decide on Plan Goals, Objectives, and Strategies 37\u003c\/p\u003e \u003cp\u003eStep 2: Decide on Strategy for Managing Risk 37\u003c\/p\u003e \u003cp\u003eStep 3: Determine the Risk Tolerance of the PSTEPlan 38\u003c\/p\u003e \u003cp\u003eStep 4: Set Forth Guidelines for Asset Classes 39\u003c\/p\u003e \u003cp\u003eStep 5: Implement an Asset-Allocation Policy 39\u003c\/p\u003e \u003cp\u003eStep 6: Mutual Funds Recommendations 39\u003c\/p\u003e \u003cp\u003eStep 7: Delegate Investment Management Responsibility 40\u003c\/p\u003e \u003cp\u003eStep 8: Investment Monitoring and Reporting 40\u003c\/p\u003e \u003cp\u003e\u003cb\u003eSection Three: The Template IPS\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 8 \u003c\/b\u003e\u003cb\u003eSample IPS Templates 43\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eTwo Distinct IPS Samples 43\u003c\/p\u003e \u003cp\u003eOrganization of Templates 43\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 9 \u003c\/b\u003e\u003cb\u003eSample IPS Template #1: For Participant-Directed 401(k) That Intends to Comply with ERISA Section 404(c) 45\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eStep 1 Executive Summary and Background 45\u003c\/p\u003e \u003cp\u003eStep 2 Purpose of the Investment Policy Statement 46\u003c\/p\u003e \u003cp\u003eStep 3 Duties and Responsibilities 48\u003c\/p\u003e \u003cp\u003eStep 4 Asset Class Guidelines 50\u003c\/p\u003e \u003cp\u003eStep 5 Investment Manager Selection 52\u003c\/p\u003e \u003cp\u003eStep 6 Monitoring the Investment Managers 53\u003c\/p\u003e \u003cp\u003eStep 7 Controlling and Accounting for Investment Expenses 55\u003c\/p\u003e \u003cp\u003eStep 8 Investment Policy Review and Monitoring 56\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 10 \u003c\/b\u003e\u003cb\u003eSample IPS Template #2: For High-Net-Worth Individual Setting Up a Family Trust 57\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eExecutive Summary 58\u003c\/p\u003e \u003cp\u003ePart I—Purpose 59\u003c\/p\u003e \u003cp\u003ePart II—Investment Management Objectives 59\u003c\/p\u003e \u003cp\u003ePart III— Roles and Responsibilities 60\u003c\/p\u003e \u003cp\u003ePart IV— Investment Manager Selection 61\u003c\/p\u003e \u003cp\u003ePart V— Investment Monitoring and Review 63\u003c\/p\u003e \u003cp\u003ePart VI— Manager Termination 65\u003c\/p\u003e \u003cp\u003ePart VII— Additional Provisions (optional) 65\u003c\/p\u003e \u003cp\u003eConclusion Message to Plan Sponsors 67\u003c\/p\u003e \u003cp\u003eGlossary 69\u003c\/p\u003e \u003cp\u003eAppendix: The Firm Profile 77\u003c\/p\u003e \u003cp\u003eAbout the Author 79\u003c\/p\u003e","brand":"John Wiley \u0026 Sons Inc","offers":[{"title":"Default Title","offer_id":49406904271191,"sku":"9781118679531","price":14.39,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9781118679531.jpg?v=1730497506","url":"https:\/\/bookcurl.com\/products\/how-to-write-an-investment-policy-statement-9781118679531","provider":"Book Curl","version":"1.0","type":"link"}