IMCA, vendor provide investment policy statements

FWR Staff

30 March 2007

Consultant association offers members cut-rate access to web-based software. The Investment Management Consultants Association and IPS AdvisorPro have teamed up to deliver IPS' Investment Policy Statement tools to IMCA members.

"This partnership with IPS AdvisorPro will help our advisors systematize creating client specific documents that address some of their most vexing communications and transparency issues," says IMCA's executive director Dede Pahl.

Road maps

Linda Lubitz, co-founder of IPS and founder of the Lubitz Financial Group, a Miami-based financial-planning firm, says investment-policy statements are invaluable tools for advisors and their clients alike. "When implemented correctly, an records specific agreements advisors and investors reach together regarding how the investments will be managed."

Miami-based IPS is offering IMCA members educational material on investment-policy statements, discounted subscriptions to its web-based investment-policy statement software and associated consulting services.

IPS co-founder Norm Boone, who is also president of San Francisco-based wealth advisory Mosaic Financial Partners, says that creating customized investment-policy statements can be complicated and time consuming. "So many advisers either don't create one or use one that is not customized," he adds.

Denver-based IMCA's members serve the investment consulting needs of high-net-worth individuals and families, trusts and endowments and public and private employee-benefit plans. -FWR

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