Investment Policy Statement
Date: 2015-04-01 Prepared for: Aaron McDavid
Address: 123 the first Street
Postal Code: A1B 2C3
Prepared by: Siye Jin
Address: 123 the fifth Street
Postal Code: A5B 2C3
Phone: 801-963-8525 The following is a summary of your investor profile based on the information you provided:
• Your annual gross income is $ 125,000
• Your net worth is $750,000
• Your primary investment objective is to achieve moderate growth.
• Your time horizon is 40 years.
• You expect a 4% to 8% average annual return for your portfolio in the long term (+10 years) before tax and after inflation.
• You have good investment knowledge.
Your current assets allocation
$12,500 CI Money Market Fund
$85,000 AGF Canadian Bond Fund$
140,000 O’Leary Canadian Bond Yield (Series A) Fund
$20,000 Mawer Canadian Equity Fund
$100,000 Mawer U.S. Equity Fund
$15,000 RBC Global Energy Fund
Introduction for IPS
The investment policy statement provides a linkage between the client, manager/advisor and the investment portfolio. It serves as a structured decision-making process for clients and advisors and helps to balance return seeking and risk taking. Also, IPS offers clarity and generally helps to build a higher level of trust between client and advisor.
I strongly advocate tactical asset allocation process and diversification over several different income and growth strategies. I believe that risk management and protection of investor's endowment are major objectives. In my portfolio, stocks may occupy a large portion and the
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The consumer-facing side of your profile is written so anybody can easily understand your product or service. Information about the investment opportunity is detailed on the “Business Plan” side of the profile to maintain compliance with the SEC ‘general solicitation’ regulation.
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An Investment Policy Statement (IPS) serves as a blueprint for your investment strategy and lays the foundation for setting up your portfolio management process. We will follow the portfolio management process that will consist of:
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Surveys are considered to be important to find out the customers needs and preferences. Every organization tries to improve its processes to satisfy their customers but it is very important to know whether the customers prefer those improved services. Surveys helps in determining how satisfied are they with the current practices and also assists in improving the processes according to customer satisfaction. The time span for completing an online survey is shorter when compared to any other traditional research method. It is not required to wait longer for responses from the respondents as they are almost instant on collecting the data. The online survey is quicker and cheaper than any other research methods like mail surveys, interview methods and etc,. The results of online surveys can be accessed at any time. The recorded responses are more accurate as they are entered directly by the participants. There is a chance of committing errors while entering the responses from other research methods due to human error in performing a repetitive task. It is also quick to analyze the data from online surveys using graphs and charts. As the members and cadets from CTC Aviation were found busy with their work all the time, online surveys were found to be more convenient to the respondents in order to answer the questions on their schedule and pace. The respondents will be willing to share any kind of personal information through online