Investment Policy Statement
Bernard Wealth Management creates and maintains an Investment Policy Statement (IPS) for every client, which serves as the foundation for a comprehensive and disciplined wealth management process. The investment policy statement includes a careful consideration of the following factors:
- Client background
- Investment objectives
- Return expectations
- Risk tolerance
- Time horizon
- Income needs
- Liquidity requirements
- Tax considerations
- Additional assets outside of BWM's investment management
- Life and disability insurance
- Estate plans
- Asset allocation targets
We believe that it is our obligation to develop a holistic understanding of our clients' financial situation, and therefore we will incorporate all relevant information that clients share into their IPS.
The IPS drives the initial investment process, and serves as a touchstone for ongoing portfolio management decisions. By developing an understanding of our clients' financial picture, we can construct portfolios well-suited to achieving their investment goals. We revisit each IPS regularly, and update it as client circumstances change.
