A client’s investment policy statement serves as the blueprint that establishes and outlines the procedures, investment philosophy, guidelines, and constraints to be followed by all parties. The purpose of a formal investment policy statement includes the following:

• Define the purpose and mission of a portfolio
• Document financial goals, objectives and constraints
• Acknowledge spending needs, risk parameters and asset allocation considerations
• Assign responsibility and accountability to investment-related service providers
• Establish guidelines for evaluating investment performance
• Articulate socially responsible/ ESG investment philosophy, if applicable

Importantly, LCG does not use boilerplate templates to draft investment policy statements for clients. We take special care to tailor a document that is structured to meet our clients’ needs and discuss it with our client periodically for any needed adjustments.