A formal, written statement provides a sound basis for investment decisions. It also serves to set the standards against which investment managers’ performance will be measured. Each client has unique expectations, as well as their own risk tolerance. Our aim is to ensure that the final policy expresses OUR CLIENTS’ objectives and tolerance for risk.

We begin by identifying their time horizon and their acceptable levels of investment risk. Based on detailed asset – liability analyses, we also set investment ranges for every asset class under consideration. We gather input from our clients and other key advisers. Once policies and objectives have been adopted, we monitor them. As appropriate, we recommend modifications to keep them current with the client’s changing needs and market developments.