Investment Policy Statement – Financial Dreams Need a Good Blueprint

financial blueprintBy David John Marotta and Beth Anderson Nedelisky

Would you be willing to give a contractor a blank check and no time limit to build your dream home? Beware of doing the same thing with your finances. Without a financial plan, your investments are controlling your dreams, not the other way around. You need a blueprint for your financial dreams to come true.

The blueprint in sound financial planning is called an Investment Policy Statement (IPS). A good one can put a stop to irrational investment decisions. Like a blueprint, an IPS not only provides a map of the project ahead, but it also provides a tool by which you can measure your success – or the success of your investment advisor.

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