Why you should have an Investment Policy Statement

An Investment Policy Statement (IPS) is an integral part of a Financial Plan, but it can be a modular implementation as well.

IPS provides the framework for your investment decisions. The IPS ensures that the decision-making process with respect to the management of your money will be consistent, even when unexpected market fluctuations tempt to distract you from your long-term strategy. Investment recommendations will always be made based on the guidelines that agreed upon and outlined in this document.

investment policy statement IPS

Having said that it is still very important that you review your strategy on a regular basis to ensure its timeliness and relevance to your changing financial position.

Watch the video below to understand the next part – Why it is so important and how to implement it.

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