Develop a detailed Investment Policy Statement (IPS) for a hypothetical client.

• In your IPS provide a specific and detailed description of your client, their objectives, and constraints they might face.
• Make sure your IPS considers all of the components required in a IPS and make sure that there is consistency between risk and return, goals and time horizons, etc.
• Develop an asset allocation plan based on your clients goals and constraints (this is a broad asset allocation between different types of assets, not specific individual assets).
• Show how you will measure your client's risk tolerance (either find a measurement currently in use or develop your own).