"TAMRIS" - Setting standards
Independent, Impartial, Objective
Initial Investment Planning & Asset Management Report
An investment policy statement is not considered sufficient to satisfy the requirements of the initial investment planning report, the most important prerequisites of which are noted below.
This should clearly state objectives, financial needs and existing assets.
It should provide analysis of the ability of assets to meet financial needs over your lifetime (s), identify problems and provide meaningful analysis of objective alternatives.
This lifetime analysis should be capable of providing an integrated assessment of all factors affecting wealth and asset management; estate planning, insurance and pensions planning.
It should clearly assess the current portfolio allocation and structure and state reasons for both the recommended portfolio allocation and changes needed to initiate recommendations.
It should explain how the portfolio will be managed over time, the objectives of each investment allocation and how it relates to your financial needs and risk preferences.
It should clearly state the risk and return profile of portfolio and what you the investor (s) should expect in terms of its performance profile over time.
It should provide style, risk/return and allocation information on each individual investment and a rationale for their inclusion.
It should provide both a detailed and a simple explanation of strategy and risks in the market and the economy.
Assumptions underlying all financial modelling should also be provided with an explanation.<![if !vml]><![endif]>