An investment policy statement is created to do what:

1.Outline the general rules for the advisor.

2.Lists the client's objectives and constraints.

3.Establish conditions under which the portfolio will be rebalanced.

4.Address portfolio risk as part of the client's objectives.

a. 1, 2, and 4.

b. 1, 3, and 4.

c. 2, 3, and 4.

d. All of the above.