Planit:Investment Policy Statement

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The Investment Policy Statement (IPS) presents an investment management strategy to your clients, based on their risk profile, portfolio objectives, and target asset allocation. Take a look at the topics below to review all of the different pages and components of the Investment Policy Statement to understand how to interpret and present them to your clients. Also, you can review sample IPS documents at www.planplus.com.

Investment Policy Statement Training Order Title Description Key Points Level Generic 1 Investment Management Document Comparison What are the different investment policy documents I can produce for my clients? Which investment policy document is appropriate for my clients? 5 options - IPS, Overview, Executive Summary, Asset Allocation Comprarison, Implementation Strategy Key differences - education, audience etc. C Video 2 Introduction to the Investment Policy Statement What is the Investment Policy Statement and what can it do for my client? Investment Management document Plan suggestions - asset allocation, implementation strategy Education on asset allocation and risk return 1 Video 3 Purpose of an IPS How can I interpret and present the 'Purpose' page of the Investment Policy Statement? Long term strategy over product selection Introduce client to investment philosophy Focus on the broader strategy not details 1 Video 4 Risk Tolerance Page How do I interpret and present the 'Risk Tolerance' page of my client's document? Risk tolerance key to strategy Multiple risk profiles Highlights of risk tolerance characteristics 1 Video 5 Portfolio Objectives How do I interpret and present the 'Portfolio Objectives' page of my client's document? Review of portfolio parameters Shows mapping based on client's needs Additional constraints 1 Video 6 Current Holdings How can I interpret and present the 'Current Holdings' page of my client's document? Summary of detailed asset entry Show off holdings and help reveal them 1 Video 7 Net Worth Statement How do I interpret and present the 'Net Worth Statement' page of my client's document? Review of Assets & Liabilities entered All money current available to use towards goals Clients may share more assets 1 Video 8 Asset Allocation Page How do I interpret and present the 'Asset Allocation' page of my client's document? Review of Asset Allocation entered Important before implementation strategy 1 Video 9 Risk versus Return How can I interpret and present the 'Risk versus Return' page of my client's document? Change in risk and return assumed Get more/less return, more/less risk Client education 1 Video 10 Efficient Frontier Page How do I interpret and present the 'Efficient Frontier' page of my client's document? Maximize your return for risk Evidenced investment strategy Client education 1 Video 11 Historical Annual Returns How can I interpret and present the 'Historical Annual Returns' page of my client's document? Rate of Return may change annually Over time Asset Allocation will accumulate growth Long term strategy versus short term reaction Stick to strategy in bad markets 1 Video 12 Risk versus Time How do I interpret and present the 'Risk versus Time' page of my client's document? Less risk over time Highest and lowest likely Reassurance in bad markets 1 Video 13 Planning Assumptions Page How can I interpret and present the 'Planning Assumptions' page of my client's document? Evidence-based, but still estimate Client education Need for reviews 1 Video 14 Portfolio Repositioning How do I interpret and present the 'Portfolio Repositioning' page of my client's document? Numerical differences b/n current and target Understanding before implementation strategy 1 Video 15 Tactical Implementation Strategy How do I interpret and present the 'Tactical Implementation Strategy' page of my client's document? From Product Selection Screen, current vs recommended product Difference shows money to be (un)invested Agreement to implement based on education Video 16 Agreement How do I interpret and present the 'Agreement' page of my client's document? Signature for compliance Gain agreement all through Govern behaviour for advisor and client 1 Video 17 Action Plan How can I edit and present the Action Plan in my client's financial document? Edit table and comments Implementation, new needs, review Client agreement for success 1 Video Introduction to Investment Management How does PlanPlus Planit help me manage my clients' investments? Investment Policy Process Flow Asset allocation and indices • Risk Tolerance and Portfolio Objectives Advice Centred to Implementation C Video FinaMetrica Risk Profile Report How can I interpret the FinaMetrica Risk Profile Report, and how should I use it with my client? Risk Profile in band of popularity Consistency of responses with level Inconsistency - talk through expectations Video Introduction to the Your Working Documents Screen How do I use the Working Documents Screen? How do I create a document or report? Purpose of the screen Document generation C Video What Kind of Documents are There? What kinds of documents and reports can I produce on Planit? Which document is right for my clients' needs? Total number of documents and type Sample IPS, PFS, IFP (overview) High overview of document titles Document production by process flow Refer to Your Working Documents, planplus.com 2 Video Document Sections How can I select which sections of a document to include for my client's plan? Your Working Documents Document section checkboxes Customize for meeting purposes, client type 1 Video Personalize Your Document How can I edit documents produced by PlanPlus Planit? Word document text Table of Contents Notes/comments Cover graphic 1 Video