Financial Plan and Investment Policy Statement Address Constraints
The scope of engagement will ultimately be determined by client needs and any constraints on the implementation and monitoring the investment management strategy. The financial plan and investment policy statement are designed to address these constraints through the division of responsibilities between the clients and advisors. The division of duties and tasks will be delegated to those parties with:
- Timely information;
- Client access;
- Ability to execute transactions;
- Capacity to analyze and report; and
- Specialized training and licenses.
