Customer Reviews

How to Write an Investment Policy Statement

5 star:		(2)
4 star:		(0)
3 star:		(0)
2 star:		(0)
1 star:		(2)

 

 

First of all Amazon should have a policy against relatives of the author writing reviews as you can see by the first two reviews. I am quite sure the Mr. Gardner is very good at his investment job but the couple of hours of effort that seemingly went into this "book" with the the accompanying price leave me feeling ripped off. Fortunately, I did not pay full price because this is not really a book but better described as a 50 page pamphlet that should be distributed for free. The first 8 chapters are all 2-4 pages long and are not particularly informative. The two ten-page templates that then follow are more informative and useful but still could use a greatly expanded explanation. There are several books out there at twice the price but with ten times the information that would serve a burgeoning financial advisor better.

Firstly, please note that the prior two 5-star reviewers from New Mexico are perhaps only coincidently close by the author's current full time employer:
Thornburg Investment Management
119 East Marcy Street, Suite 202
Santa Fe, NM 87501

This book is mostly designed for 401K or compensation committees who are concerned about liability, ERISA, and less familiar with the markets. It repeats several times that the best way for such parties to reduce their risks and liabilities is to consult an adviser... I'm sure the author would be willing to provide his professional services to you. Can anyone scream "conflict"? This book's intention probably was to provide a sales pitch for himself or to introduce his public image.

It provides only one outline of a non-401K IPS, which is generalized and unhelpful to anyone who may have already tried to take a stab at developing one. It includes very few examples otherwise for potential writers of IPS's.

My strong advice is to pass on this book. You'll probably find similar level of advice for free from asking a broker, lawyer, accountant, or friend who has had some experience with IPS writing.

Jack Gardner is a talent far beyond our concept of genius. His approach to Investment Policy Statements is on par with Joyce's approach to the interior landscape of the mind in Ullyses. He breaks new ground in his use of language, tearing the roof off of conventional writing and far surpassing any literary expectations. Congratulations Jack, you are a rising talent to be reckoned with. I look forward to your future endeavors.

Whew! The book took my breathe away. It was an amazing read. It was intelligent, insightful, and extremely helpful to my work! Jack, you know you stuff, in other words you know how to FIDUICE! Thanks Jack, your the master fiduciar!