An 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. 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 follow
Defines the duties and responsibilities of all parties involved, while clarifying diversification guidelines and providing methods for keeping costs under control
Packed with ready-to-use templates, sample forms, letters and other documents, diagrams and other valuable tools, including sample Policy Statement downloadable at the companion website
Designed 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
Does Not Explain How to Write An IPS
By S. E. Nelson "NELZ" - October 8, 2005
First of all Amazon should have a policy against relatives of the author writing reviews as you can see by the first two reviews. I am quite sure the Mr. Gardner is very good at his investment job but the couple of hours of effort that seemingly went into this "book" with the the accompanying price leave me feeling ripped off. Fortunately, I did not pay full price because this is not really a book but better described as a 50 page pamphlet that should be distributed for free. The first 8 chapters are all 2-4 pages long and are not particularly informative. The two ten-page templates that then follow are more informative and useful but still could use a greatly expanded explanation. There are several books out there at twice the price but with ten times the information that would serve a burgeoning financial advisor better.
By Atherton Reader - May 19, 2007
Firstly, please note that the prior two 5-star reviewers from New Mexico are perhaps only coincidently close by the author's current full time employer: Thornburg Investment Management 119 East Marcy Street, Suite 202 Santa Fe, NM 87501
This book is mostly designed for 401K or compensation committees who are concerned about liability, ERISA, and less familiar with the markets. It repeats several times that the best way for such parties to reduce their risks and liabilities is to consult an adviser... I'm sure the author would be willing to provide his professional services to you. Can anyone scream "conflict"? This book's intention probably was to provide a sales pitch for himself or to introduce his public image.
It provides only one outline of a non-401K IPS, which is generalized and unhelpful to anyone who may have already tried to take a stab at developing one. It includes very few examples otherwise for potential writers of IPS's... read more
The Hemingway of Investment Policy Statement Authors!
By Sean Gardner "OnlySKG" - February 24, 2005
Jack Gardner is a talent far beyond our concept of genius. His approach to Investment Policy Statements is on par with Joyce's approach to the interior landscape of the mind in Ullyses. He breaks new ground in his use of language, tearing the roof off of conventional writing and far surpassing any literary expectations. Congratulations Jack, you are a rising talent to be reckoned with. I look forward to your future endeavors.