Investment Policy Statement
===========================

Create a formal Investment Policy Statement (IPS) for client [Client Name].

Client information:
- Client name: [name]
- Account type: [individual/joint/trust/retirement]
- Total investable assets: [$amount]
- Time horizon: [years]
- Risk tolerance: [conservative/moderate/aggressive]
- Tax status: [taxable/tax deferred/tax exempt]

Investment Policy Statement sections:

1. PURPOSE AND SCOPE
2. INVESTMENT OBJECTIVES
   - Primary objective
   - Return target: [%] annually
   - Income requirement: [$amount/year]
3. RISK PARAMETERS
   - Maximum acceptable loss in any year: [%]
   - Risk tolerance classification
4. ASSET ALLOCATION POLICY
   - Target allocation with ranges:
     Stocks: [%] (range [%-% ])
     Bonds: [%] (range [%-% ])
     Cash: [%] (range [%-% ])
     Alternative: [%] (range [%-% ])
5. INVESTMENT SELECTION CRITERIA
   - Security selection guidelines
   - Prohibited investments
6. REBALANCING POLICY
   - Rebalancing trigger: drift of [%]
   - Rebalancing frequency
7. PERFORMANCE BENCHMARKS
   - Benchmark indexes
   - Review frequency
8. RESPONSIBILITIES
   - Advisor responsibilities
   - Client responsibilities
9. REVIEW AND AMENDMENT PROCESS

Format as formal legal-style document
Date and signature lines at end

Source: https://promptzyo.com/prompt/investment-policy-statement