Creating the Investment Policy Statement
Overview:
This CPE course can be purchased individually or as part of the Investment Planning Certificate Program.
Are you educating your clients on the tax effects and opportunities available for their investment portfolio? Narrated by Tom Tillery, this three-part course Illustrates how the Investment Policy Statement (IPS) guides the planner and client through the investment process.
The course covers the components needed to create an investment policy statement (IPS), including:
- Income tax planning and strategies
- Allocation strategies
- Services most financial advisers do not take into consideration.
The last section pulls it all together, describing how to develop the IPS, identifying the components of the IPS, and a discussion on how the IPS provides guidance for the personal financial planner and client throughout the engagement.
This course features a handout that includes a sample Investment Policy Statement you will refer to time and again in your practice.
Enhanced On-Demand Format
This enhanced on-demand format offers meaningful and relevant content in the form of tables, charts, and discussion points on slides. An instructor who is an expert on the topical area breaks down complex topics, offers best practices, provides clarity, and shares insights that help the learner achieve the learning objectives for the course.
Objectives:
Learning Outcomes
- Differentiate among the various types of tax rates for capital assets.
- Recall tax treatment of basis in IRC Section 1091 transactions.
- Determine the taxation of a loss on IRC Section 1244 stock.
- Recall the impact the investment time horizon has on an investment portfolio.
- Identify special liquidity considerations.
- Recognize the legal obligation mandated by an investment policy statement.
- Identify the components of an investment policy statement.
Major Topics:
Key Topics
- Comparison of SOC 1, SOC 2 and SOC 3 reports
- Standards and guidance relevant and applicable to SOC for service organizations examinations
- SOC 1 and SOC 2 Planning, executing and reporting considerations
- Evaluating the suitability of criteria
- Responsibilities of management of the service organization
- Evaluating the design of controls
- Identifying subservice organizations
- Understanding the content of the description
- Trust Services Principles and Criteria and the new Trust Services Criteria