The Investment Policy Statement (IPS)
An investment policy statement (IPS) is a document drafted between a portfolio manager and a client that outlines general rules for the manager. The IPS provides the general investment goals & objectives of a client and describes the strategies that the manager should employ to meet these objectives
The IPS: An Important Part of the Estate Planning Process
A Investment Policy Statement (IPS) provide investment fiduciaries with a framework for decision making regarding various types or categories of plan investments.
The Necessity of the IPS
In this CLE Mark Schumacher will show you why the IPS is such an important part of the estate planning process for your clients. To better understand these concepts Mark will mainly cover: the regulatory framework, IPS elements, drafting & distributing the IPS, pragmatic considerations and special situations. Mark will also walk you through the key clauses and points of a sample investment policy statement (IPS). To access the course please click here: The Necessity of a Trust-Level Investment Policy Statement.
Additional IPS Topics CLE
* The Uniform Prudent Investor Act (UPIA)
* The Uniform Trust Code (UTC)
* Harry Markowitz & Mean Variance Analysis
* Modern Portfolio Theory (MPT)
* The Prudent Professional vs. Amateur standard
* The Duty of Impartiality
* The Duty of Loyalty
* The Duty to Inform & Report
* Inputs & Outputs
* Beneficiary considerations
* Co-mingled trusts
* The closely held business
* Concentrated positions
* Real estate & mineral rights
Mark Schumacher, CPA
Mark Schumacher, CPA, has a diverse professional background, with emphasis in investment management, securities research, business management and transition planning, and family legacy and philanthropic planning.
This CLE course is offered in the following states:
* Alaska (AK)
* Alabama (AL)
* Arizona (AZ)
* California (CA)
* Connecticut (CT)
* District of Columbia (DC)
* Illinois (IL)
* Maryland (MD)
* Massachusetts (MA)
* Michigan (MI)
* Missouri (MO)
* New Hampshire (NH)
* New Jersey (NJ)
* New York (NY)
* North Dakota (ND)
* Pennsylvania (PA)
* South Dakota (SD)
* Vermont (VT)
New York CLE
Attorney Credits offers CLE for attorneys in Texas and around the country. For more information about CLE in Texas please click the following link: TX CLE.