Evaluation Associates believes that the establishment of a comprehensive investment policy is the most important step in the development of a successful investment program. It communicates the client’s philosophies, expectations, objectives, and guidelines for the investment of all plan assets. Our consultants work closely with clients to develop or revise investment policies that are specific to their needs.

A carefully crafted investment policy provides critical guidelines across a wide range of issues including:

• purpose and background of investment program
• duties and responsibilities of all parties
• objectives and guidelines—investment time horizon, risk tolerances, performance expectations, asset allocation, and rebalancing guidelines
• investment manager selection procedures
• securities guidelines and investment restrictions
• review and control procedures—monitoring requirements