Learn how to read, draft and document investment policy statements.
Investment fiduciaries have an obligation to document a prudent investment decision-making process, but many individuals and committees struggle with the development, drafting, and documentation of a formal written investment policy statement (IPS). This discussion of the development of the IPS will help investment fiduciaries to adopt a disciplined and repeatable document drafting process. Learn how to draft and review an IPS that will help you to meet your fiduciary obligations, document your investment decision-making process, and get all fiduciaries to the entity in alignment with the investment strategy of the entity. This course will outline the disciplined process that you can use to develop a formal IPS. We will identify the main components of an IPS and show you how to draft an IPS tailored to your entity by reviewing examples of each of the eight components of an IPS. Review the best practices for reviewing and updating an IPS to keep it relevant and useful. Learn the art of developing an IPS to be used as a tool to improve your investment decision-making process.
Learning Objectives
- You will be able to differentiate between the participants involved in Fiduciary Investment Management
- You will be able to differentiate between the sections of an Investment Policy Statement.
- You will be able to identify the main criteria to consider when selecting investment managers
- You will be able to identify the characteristics of a Global Financial Steward
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Over 38 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Agenda
Introduction
- Why so Much Interest in Investment Policy Statements?
Defining the Investment Policy Statement (IPS)
- What Is an IPS?
- Why Do We Need an IPS?
- Who Needs the IPS?
- When Should an IPS Be Used?
- What Should You Include in Your IPS?
Drafting the IPS
- Who Owns the IPS?
- When Do We Draft the IPS?
- Who Will Draft the IPS?
- How Do We Draft an IPS?
- Where Can We Find Sample IPSs?
- What Are the Most Credible Sources for Sample IPSs?
- Resources
Reviewing the IPS
- Using the IPS to Keep Your Investment Strategy on Plan
- When Do You Review the IPS?
- How Do You Review an IPS?
- Annual Review Process
- New Fiduciary Education
Summary
- Benefits of a Well-Written IPS
- More Efficient DecisionMaking
- Building Consensus
- Everyone on the Same Page
- Opportunities for Fiduciary Education
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Why Lorman?
Over 38 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Credits
OnDemand Course
This course was last reviewed on February 18, 2025.
Call 1-866-352-9540 for further credit information.
CPE/NASBA - QAS Self Study 1.8 including Specialized Knowledge 1.8
- Noggin Guru, Inc. dba Lorman Education Services and BankersHub is registered with the National Association of State Boards of Accountancy (NASBA) as a QAS Self Study sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its web site: www.nasbaregistry.org. For more information regarding administrative policies such as complaint and refund, please contact our offices at 866-352-9539. CPE Credit: Maximum Credit Hours: 1.8 each session (based on a 50 minute credit hour). You must attend at least 50 minutes to obtain credit. Field of Study: Specialized Knowledge for 1.8 hours. Prerequisite: . Level of Knowledge: Intermediate. Teaching Method: Seminar/Lecture. Advance Preparation: None. Delivery Method: QAS Self Study. Please refer to the information in this advertisement for outline, course content and objectives. Upon completion of this course, you will receive a certificate of attendance. Final approval of a course for CPE credit belongs with each state's regulatory board.
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Why Lorman?
Over 38 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Faculty
David J. Bromelkamp
Allodium Investment Consultants
- President and CEO of Allodium Investment Consultants since 2005
- Accredited Investment Fiduciary (AIF®) since 2003 and CPA (inactive) since 1988
- Over 30 years of experience providing investment management consulting for both individual investors and institutional investors with specialized expertise advising fiduciaries responsible for foundations, endowments, nonprofit organizations, and both personal and charitable trusts
- Speaks frequently to professional trade associations on the best practices of fiduciary investment management; has taught continuing professional education courses on fiduciary investment management for the Minnesota Society of Certified Public Accountants (MNCPA), the Minnesota State Bar Association (MSBA), and the Fi360 INSIGHTS Professional Development Conference
- Co-founder and treasurer of the Center for Board Certified Fiduciaries™ (CBCF™) and holds the professional designation of Board Certified Fiduciary™ (BCF™)
- Author of several articles and white papers related to fiduciary investment management
- Member of the Minnesota Society of Certified Public Accountants, National Association of Personal Financial Planners, CEFEX Non-Profit Market Council, and MarketCounsel Member Council
- Master’s degree, University of St. Thomas, Saint Paul, Minnesota; B.S. degree, Saint John’s University, Collegeville, Minnesota
- Can be contacted at [email protected], 612-230-3702, or www.allodium.com
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Why Lorman?
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