Investment policy statements

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INVESTMENT POLICY STATEMENTS

REQUIRED:

a. Explain the purpose of an Investment Policy Statement (IPS).

b. What information should be included in the IPS? List 3 items.

c. Explain three (3) differences between an IPS and the "Know Your Client Form".

What does the "Know Your Client" rule state. (The Investment Advisor needs to obtain enough information about the client to determine the client's goals and if the client has (or will have) sufficient the income and assets/investments to achieve those goals)

Mention the KYC Form.

Reference no: EM132408189

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