|
 |
Fee-Based Investment Management
Parker/Hunter Asset Management
An Investment Policy Statement ("IPS") is designed to describe client investment
goals and investment strategies. It typically specifies the asset allocation
plan for the client, and identifies levels of risk acceptable in the construction
of a portfolio. An IPS establishes the strategic framework utilized by an
investment manager to manage a portfolio.
Key considerations:
1) Asset Allocation - equity / fixed income / cash
- Tolerance for risk or price volatility
- Investment time horizon
- Income versus growth
- Taxable versus non-taxable
2) Diversification / Concentration
- Sector concentration or diversification
- Protected positions
- Unrealized capital gains
- Tax planning
- Control or key employee considerations
- Industry / employment concentration
- Social issue parameters
- Individual security concentration
- Percentage of client portfolio
- Percentage of security capitalization
Other Considerations
(Philanthropic, Estate Planning, Family)
< Back to Fee-Based Investment Management
 |
 |
|
