VSR Financial Services, Inc. Selects IPS AdvisorPro® for Investment Planning Technology
August 28, 2009
~ Innovative Platform Will Provide VSR’s 200+ Advisors with Web-based Tools for Creating Investment Policy Statements
Miami, FL and Overland Park, KS – August 26, 2009. VSR Financial Services, Inc. announced today the selection of IPS AdvisorPro® to provide their over 200 financial advisors with advanced investment planning tools for developing Investment Policy Statements (IPS). Read more
How Using an Investment Policy Statement Can Help Take You to the Next Level
August 23, 2009
by Norman M. Boone, MBA, CFP® and Linda S. Lubitz, CFP® (published by AICPA)
Download a PDF version of this article here.
Cape Ann Savings Bank – Trust and Financial Services
August 21, 2009
How a leading community bank and trust is reducing risk in its delivery of investment advice through the technology platform of IPS AdvisorPro®. Read more
IPS AdvisorPro®: Go online and save time on investment policy statements
August 6, 2009
By Davis D. Janowski, technology reporter for InvestmentNews, this article was originally published July 31, 2009 in IN: TECHbits. I got a sneak preview of a white paper from IPS AdvisorPro® that sheds light on the time, costs associated with creating investment policy statements.
By one estimate, it can take the typical financial adviser 155 minutes to create an investment policy statement from scratch using a word-processing program such as Microsoft Word.
To refresh your memory, an IPS is a written document agreed to by both an adviser and client that outlines goals, policies and procedures to be used by the adviser for managing investments.
Such statements are required these days where a fiduciary relationship exists.
The above estimate is by Norm Boone, president of San Francisco-based Mosaic Financial Partners Inc. and co-creator of the popular IPS AdvisorPro® software and online application from BLIPS Partners LLC in Miami.
While the white paper is clearly meant to urge advisers to buy the firm’s software, the estimates included in the white paper, “Investment Policy Statements: The Technology Return on Investment for Financial Advisors,” seem reasonable and should be of interest to advisers in terms of comparing their current procedures and the time involved in preparation of policy statements. Read more
