While there are a lot of tricky terms used in the world of investing, the concept behind the Investment Policy Statement should be fairly easy to understand. Simply put, the Investment Policy Statement (IPS) is a document that dictates how you invest your money. If you are working with a financial planner, the IPS will also dictate how that money manager invests your money on your behalf. Here’s why creating this document is a good move: while your financial planner may make plenty of smart investing…
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Not all financial advisors are created equal.