The Fiduciary Focus Toolkit provides insight into the condition of an Investment Policy Statement.
According to the Prudent Practices the IPS should be reviewed at least once a year. The conditions of an Investment Policy are:
- All Good
- Review Due
- Past Due
- No Policy in Place
An Investment Policy Review can occur by selecting a client, accessing the Investment Policy and selecting a policy to review.
Once the review process is underway, a new draft will be created and must be finalized to complete the review.
To complete the review:
- The Client ready deliverable must be generated
- The Policy and Monitored Account(s) must be updated
- The policy must be updated