The Investment Policy Statement contains the guidelines within which a Portfolio Manager exercises his discretionary authority in managing a client’s investment portfolio.

The Investment Policy Statement is created after a thorough assessment of each client’s investment objectives, income requirements, risk tolerance and tax position and is unique to each client. It is followed by the creation and implementation of an investment strategy that is consistent with the policy.

The Investment Policy Statement is reviewed at least once each year to determine whether its objectives are still consistent with the client’s needs and it can be reviewed at any time if a client determines his circumstances have changed.