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Live Webinar

90-minute live streaming program
  • February 27
  • 1:00 - 2:30 pm EST

Using Investment Policy Statements as an Investment Tool: It's an Art, Not a Science

February 27

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. This topic on the development of the investment policy statement will help investment fiduciaries to adopt a disciplined and repeatable document drafting process. You will learn how to draft and review an investment policy statement 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. The material will outline the disciplined process that you can use to develop a formal investment policy statement. We will identify the main components of an investment policy statement and then show you how to draft an investment policy statement tailored to your entity by reviewing examples of each of the eight components of an investment policy statement. Finally we will review the best practices for reviewing and updating an investment policy statement to keep the investment policy statement both relevant and useful. You will learn the art of developing an investment policy statement so it can be used as a tool to improve your investment decision-making process.

Learning Objectives

  • You will be able to explain fiduciary responsibilities related to the investment policy statement.
  • You will be able to describe the role of an investment policy statement in a prudent investment decision-making process.
  • You will be able to identify the major components of an investment policy statement.
  • You will be able to review the process used to draft an investment policy statement.

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Why Lorman?

Over 33 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

Defining the Investment Policy Statement (IPS)
  • What Is an Investment Policy Statement?
  • Why Do We Need an Investment Policy Statement?
  • Who Needs the Investment Policy Statement?
  • When Should an Investment Policy Statement Be Used?
  • What Should You Include in Your Investment Policy Statement?
  • Components of an Investment Policy Statement
Drafting the Investment Policy Statement (IPS)
  • Who Owns the Investment Policy Statement?
  • When Do We Draft the Investment Policy Statement?
  • Who Will Draft the Investment Policy Statement?
  • How Do We Draft an Investment Policy Statement?
  • Where Can We Find Sample Investment Policy Statements?
  • What Are Credible Sources for Sample Investment Policy Statements?
  • Resources for Drafting Investment Policy Statements
Reviewing the Investment Policy Statement (IPS)
  • When Do You Review the Investment Policy Statement?
  • How Do You Review the Investment Policy Statement?
  • Annual Review Process
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Why Lorman?

Over 33 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

Live Webinar Registration

  • CFP 1.5
     
  • The Certified Financial Planner Board of Standards, Inc. has granted 1.5 hours of continuing education credit. Level of Knowledge: Intermediate.
     
  • AR CLE 1.5
     
  • This course has been approved for 1.5 hours of CLE by the Arkansas CLE Board.
     
  • Arizona CLE 1.5
     
  • The State Bar of Arizona does not approve or accredit CLE activities for the Mandatory Continuing Legal Education requirement. This activity may qualify for up to 1.5 hours toward your annual CLE requirement for the State Bar of Arizona.
     
  • CA MCLE 1.5
     
  • Lorman Business Center, Inc. is a State Bar of California approved MCLE sponsor and this course qualifies for 1.5 CLE hours of participatory credit.
     
  • CT CLE 1.5
     
  • Neither the Connecticut Judicial Branch nor the Commission on Minimum Continuing Legal Education approve or accredit CLE providers or activities. This course has been approved for CLE credit in jurisdictions aside from CT and therefore it automatically meets the content and delivery requirements in Connecticut. Credit is based on a 60 minute credit hour and shall be awarded as follows: 1.5 CLE credit(s).
     
  • HI CLE 1.5
     
  • This program was approved by the Hawaii State Board of Continuing Legal Education for 1.5 CLE credit hours.
     
  • IL CLE 1.5
     
  • This course was approved for a total of 1.5 hours of MCLE Credit by the Illinois MCLE Board.
     
  • ME CLE 1.5
     
  • This course has been approved by the State of Maine Board of Overseers of the Bar. Lawyers who complete this course shall receive 1.5 hours of CLE credit under M. Bar R. 12.
     
  • MN CLE 1.5
     
  • This program has been approved by the Minnesota Board of Continuing Legal Education for 1.5 hours of credit.
     
  • MT CLE 1.5
     
  • This program has been approved by the Montana Commission of Continuing Legal Education for a total of 1.5 CLE credits.
     
  • NH MCLE 1.5
     
  • NH MCLE does not approve or accredit CLE activities for the NH Minimum CLE requirement. Lorman Education Services believes this course meets the requirement of NH Supreme Court Rule 53 and may qualify for CLE credit(s). Program Length: 90 Minutes.
     
  • NJ CLE 1.8
     
  • This program has been approved by the Board on Continuing Legal Education of the Supreme Court of New Jersey for 1.8 hours of total CLE credit.
     
  • NV CLE 1.5
     
  • This program has been approved by the Nevada Board of Continuing Legal Education for 1.5 CLE hours.
     
  • PA CLE 1.5
     
  • This Distance Learning program has been approved by the Pennsylvania Continuing Legal Education Board for 1.5 hours of substantive law, practice and procedure CLE credit.
     
  • RI CLE 1.5
     
  • This program has been approved by the Rhode Island Mandatory Continuing Legal Education Commission for 1.5 hours of CLE credit.
     
  • TN CLE 1.5
     
  • This program has been approved as a distance learning format by the Tennessee Commission on Continuing Legal Education for a maximum of 1.5 hours of credit.
     
  • VT CLE 1.5
     
  • This program has been approved by the Mandatory Continuing Legal Education Board of Vermont for 1.5 hours of CLE credit.
     
  • WA CLE 1.5
     
  • This program has been approved by the Washington State Board of Continuing Legal Education for 1.5 hours of Law & Legal Procedure credit.
     
  • WI CLE 1.5
     
  • This program has been approved by the Board of Bar Examiners for 1.5 hours for use toward the Wisconsin Mandatory CLE requirement.
     
  • WV MCLE 1.8
     
  • This program has been approved by the West Virginia State Bar MCLE Commission for 1.8 MCLE hours.
     
  • CPE 1.8 including Specialized Knowledge 1.8
     
  • Lorman Education Services is registered with the National Association of State Boards of Accountancy (NASBA) as a 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: https://www.nasbaregistry.org/cpas/complaints. 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: Group Internet Based. Please refer to the information in this brochure 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. Please note: In order to receive CPE credit for this course you MUST use the streaming audio option, as well as enable and complete the required progress checks.
     
  • Lorman Business Center, Inc. is a registered provider for CPA CPE through the State Education Department of New York, Sponsor number: 000640. The following course will carry the subject area of Specialized Knowledge and Applications for 1.5 hours.
     

Who should attend?

This live webinar is designed for estate planners, accountants, attorneys, presidents, vice presidents, CPAs, controllers, business owners and managers, tax managers and financial planners.

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Why Lorman?

Over 33 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

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
  • He 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
  • Written several articles and white papers related to fiduciary investment management
  • Member: Minnesota Society of Certified Public Accountants, National Association of Personal Financial Planners, CEFEX Nonprofit Market Council, MarketCounsel Member Council
  • B.S. degree, Saint John’s University, Collegeville, Minnesota; M.A. degree, University of St. Thomas, Saint Paul, Minnesota
  • Can be contacted at 612-230-3702, [email protected] or www.allodium.com
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Why Lorman?

Over 33 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.

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Product ID: 406884
Published 2020
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