It’s crucial that the client and the money manager share a common investment philosophy before any investment strategy is implemented.
KNOW YOUR CLIENT
- 1. Gather client financial information
- 2. Identify needs, constraints, and unique circumstances
CLIENT EXPECTATIONS
- 3. Develop frame reference regarding investment performance
- 4. Communicate philosophy and management approach
- 5. Develop an investment objective and policy
LONG-TERM MANAGEMENT
- 6. Present a design outline and allocation of assets
- 7. Implement investment strategy
- 8. Periodically review performance and objectives
