Investment Policy

The Foundation of a Successful Retirement Program

Investment policies document the key components and expectations you have for your portfolio.

Investment policies describe not only the operational and performance objectives, but also serve as a communication tool so, as committee members change, there is continuity in approach and strategy. While investment policies are customized for each individual client, Johnston Investment Counsel generally includes the following headings in our investment policy statements:

Operational Issues

  • Purpose and background
  • Goals and objectives
  • Delegation of responsibilities
  • Review procedures

Investment Issues

  • Define overall portfolio philosophy, strategy, and appropriate risk level
  • Define the asset allocation ranges and rebalancing strategy
  • Selection criteria for investment managers
  • Investment objectives, guidelines, and restrictions
  • Performance and risk benchmarks