Elements found in an IPS include:
I.Broker-dealer licenses.
II.Investment adviser licenses.
III.Specific financial goals.
IV.Risk tolerance assessment.
A)I,II.
B)II,III.
C)III,IV.
D)II.IV.

Question

Quizplus · Accepted Answer

III. Specific financial goals and IV. Risk tolerance assessment are elements typically found in an Investment Policy Statement (IPS). The IPS is designed to outline a client's investment goals and strategies, and includes information on risk tolerance, asset allocation, and investment criteria, but not professional licenses.

Elements Found in an IPS Include