Investment Procedures Provide Basis for Assessment
An investment management strategy requires changes when the underlying factors and assumptions concerning the client’s goals and objectives have changes. Avoid making drastic changes during period of market turmoil. Investment procedures for the assessment and evaluation of the investment strategy provide an objective basis for making decisions. The decision criteria outlined in the investment policy statement defines the asset allocation model across the various asset classes and the respective money managers for the respective sub-asset classes.
There are many benefits to be gained from the assessment process including:
- Educates Client;
- Prudent Investor Rules;
- Meets Industry Compliance Standards; and
- Maintains Objectivity.
