Periodic Reports Assess Progress and Viability of Goals and Objectives
The monitoring process begins after the optimal asset allocation strategy has been designed; the investment policy statement has been prepared; and the investment management strategy has been implemented. It is this continuous process of review and comparison of performance with stated objectives which allows for the recalibration of the financial plan and investment policy statement. Periodic evaluation allows for an assessment of the continuing viability of the client’s goals and objectives. The monitoring process includes the following steps:
The completion of a periodic review and assessment of the investment management strategy performance may reveal the need to evaluate the financial planning process to adjust the viability of the client goals and objectives. Perhaps the scope of the engagement would need to be modified to address a solution for a client need.
