Why should a client provide their investment manager with an investment policy statement? Be specific.

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter9: Responsibility Accounting And Decentralization
Section: Chapter Questions
Problem 19Q: Explain the benefits of a return on investment structure within an investment center framework. It...
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Why should a client provide their investment manager with an investment policy statement? Be specific.
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