Chartered Investment Manager (CIM) Practice Exam · Question
A client's Investment Policy Statement (IPS) in Canada should clearly outline all of the following EXCEPT:
While an IPS details the investment framework, it would not typically include sensitive personal information such as SIN or banking details, which are part of c
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Question: A client's Investment Policy Statement (IPS) in Canada should clearly outline all of the following EXCEPT:
Answer options:
- The client's specific return objectives and risk tolerance. ✅ The client's social insurance number (SIN) and banking details.
- Permissible asset classes and investment restrictions.
- Procedures for monitoring and rebalancing the portfolio.
Correct answer: The client's social insurance number (SIN) and banking details.
Explanation: While an IPS details the investment framework, it would not typically include sensitive personal information such as SIN or banking details, which are part of client onboarding but separate from the investment strategy document itself.
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Other Canadian certifications candidates often prepare for alongside this one.