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Prepare a three-page investment policy statement (IPS) IPS assignment: You are a high-net worth money manager working with a partner and an assistant working as independent SEC-chartered RIAs with $200 million in AUM and a total of 50 years in the business. Your custodian is Mark Web King. This IPS is intended to be an attempt to "win the business and provide service to a fictional married couple in their mid-40s with the following considerations. -$2 million in investable assets -The couple has large capital gains in existing stock holdings. I -A $1.25 million house in Stamford with a $700,000 23-year fixed-rate mortgage -A $350,000 fully paid ski condo in Stratton -Dual $200,000 incomes working mid-level in the back office of the same independent Wall Street retail brokerage firm with offices only in Greenwich, New Haven, and Stamford -No formal college savings accounts -IRAs worth $80,000 each that are 100% in growth stocks Other considerations -Triplet 12-year-old healthy children (two girls and a boy who are all avid ski racers) -All four of their parents passed away in their 60s and 70s due to cancer and heart attacks -The couple has had breast and prostate cancer themselves - They do not have life insurance -They have health insurance from their employer -They hope to retire at 65

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