You can generate an Investment Policy Statement (IPS) from the Household page.
If a client is not in a household yet, clicking on "Create Household (IPS)" from the top left menu will automatically create a household.
Pre-requisite for Generating the IPS
You will need the following basic information to generate a meaningful IPS:
1. Make sure the head of the household has taken the Risk Tolerance Test.
2. On the household page, enter the asset allocation and the investment goals.
Click on the "Generate IPS" button on the top right to generate the IPS.
IPS Disclosure
You can customize the IPS disclosures on the Firm Setup > Disclosure.
Customizing the IPS
We can customize the IPS, but we don't encourage highly customized IPS. We can make changes using our back-end tool and we charge a fee for that.
We only recommend changes that could potentially improve the document for all our advisors. If you’re thinking of customizing your IPS, please feel free to reach out to us to discuss this.
Bringing in Household from Data Feeds
If you use Orion and Black Diamond, the integration will bring in the households of existing clients.