do you need an investment policy statement 
if you are working with an investment management firm it is most likely that an investment policy statement will be provided to you if you work for or own an investment management firm it is good practice to offer your clients an investment policy statement this helps to ensure that all parties in the investment process are on the same page and understand the goals and risks involved the bottom linean investment policy statement essentially acts as a business plan for your portfolio developing a solid ips is not a typical exercise for most investors it requires a lot of thought it also requires an understanding of how the market works as well as familiarity with investment principles and practices 